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by Ashraf Laidi
Posted: Jan 1, 2011 0:30
Comments: 1846
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This thread was started in response to the :

Ashraf's Book: Currency Trading and Intermarket Analysis

Ashraf's Book: Currency Trading and Intermarket Analysis
 
Gunjack
London, UK
Posts: 1184
15 years ago
Sep 29, 2009 13:53
Famous Paul Tudor Jones - Trader doc pre 1987 crash is back up on the net...link is below for anyone interested

tinyurl.com/ye5rfcm
chloethebull
Posted Anonymously
15 years ago
Sep 29, 2009 13:06
with crude n gold weaker..now we have mark karney chattering about strong cad bad for canadas recovery..might see a boune in usd..gl thanks
said
mulhouse, France
Posts: 2822
15 years ago
Sep 29, 2009 13:05
ashraf
9837 for the dow do u think its possible.
i try to validate some scenario
thanks
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 29, 2009 12:20
Handler, all those concerns are valid and could well prevail over the medium term. But in the short-term, any signs of a repeat from what happend last week in oil and equities will continue to help USD as well as JPY vs. currencies such as GBP. As a trader, you must be aware of these dynamics. By the way, these same problesm you raised about the USD were also prevalent last year but did not stop USD from rallying ore than 15%. so it depends on your time frame. and one cannot ignore the reality of the market, otherwise every Economics PhD will be making millions trading FX.

Ashraf
FXHandler
Norway
Posts: 195
15 years ago
Sep 29, 2009 8:15
Speculator, Thanks, very true...very true
speculator
Posted Anonymously
15 years ago
Sep 29, 2009 7:29
fx dont trade on what u think should happen that is emotional trading.
FXHandler
Norway
Posts: 195
15 years ago
Sep 29, 2009 4:37
and... Sorry Ashraf, I haven't had the time to finish your book yet....

regards
FXHandler
Norway
Posts: 195
15 years ago
Sep 29, 2009 4:25
I cannot understand why anyone at this moment will go LONG dollar....
It is to risky to play with the dollar, it will get a correction up, but as long as the FED is printing money.....and stock go down....or stocks go up.... still dollar is heading lower.
Qin have been right about this. Anyway, look at oil, predicted to clear down at 50 dollar....that will be the correction (up) for the US dollar.
There is absolutely nothing about the US economy that is positive at all (as I see it), it is just less negative.
I am so bearish on USA that I never want to invest in any stocks over there.

The crisis we had is nothing compared to the one coming(1-10 years). This is such a dangerous game and it might be the best opportunity to buy stocks now, cause of this:
Dollar is gonna crash totally in the end, that is why stocks are going up, cause a stock/dollar is gonna be the same. For instance, talking about oil, it is not "heading" higher in our (NOK) currency, cause the dollar is going lower. We get paid in NOK, so it doesnt matter if oil go up or down as long as the comparison is in dollar.
See?
It is the same with all commodities valued in dollars. The dollar is going lower, so the commodities is going higher, untill a total BIG crash!

What are your thoughts about this Ashraf?
chloethebull
Posted Anonymously
15 years ago
Sep 29, 2009 1:09
again i was away for the day(nephews first day learning hockey)..thanks for the explaination an will wait for the news to come out this week...missed 2 of my exit prices but thats ok im sure we will see more usd stregth ..ok thanks gl
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 28, 2009 17:54
Hi Raj, and raj. thanks

Chloe, US and european stocks rise therefore USD sellsoff. This relationship should be of NO surprise. Ive said before that Mondays in US session tend to show solid gains before correcting later in the week when the data releases begin. Markets cnanot go persistently down or up without interruption.

AGAIN, your margin usage should be your lifeline and heavy margin usage is everybody's downfall regardless of how well is their forecast.

Ashraf