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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
 
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chloethebull
Posted Anonymously
15 years ago
Sep 25, 2009 11:30
ashraf i was wondering what effect the durable good # will have on the currencies today...??also is there anything eles 1 should be watchn for today?? i see cude is up 60cents but still well below 67..an gold is struggling to hold 1000..thanks
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 25, 2009 9:24
qin, i agree about long term selling of the dollar being profitable..but if the next 2-3 months prove difficult in equities and the dollar stabilizes, the sell-dollar strategy will have to be a very passive strategy. so best to sell USD on the highs (preferably in a separate account) and another for intermediate-dollar longs. there are several other options with the same idea.

Ashraf
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 25, 2009 7:28
ashraf......I am counting time to short Yen next year.........Shorting USD for long term is more profitable then any other currency now.....
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 25, 2009 1:14
qin, my party got going when USDJPY fell from 97 to 90. this website has 3 charts on USDJPY cyclicals. CADJPY is another example. you dont need to have FX traders friends to tell youy this stuff. in my last 2 bloomberg interviews i said watch 80 and even below 80 USDJPY.

raj, in these market conditions, better stick to the pairs you're used to..for better efficiency. yes DanishNokkie is popular scandy pair.

GBPUSD shows flashes of last october. Lots of Speed, Little Liquidity

Ashraf
14raj
Kolkata, India
Posts: 210
15 years ago
Sep 24, 2009 23:50
Ashraf,
do you track DKKSEK pair?I dont now anything about the pair but if you go with the daily chart there is a nice classic head and shoulder pattern breakdown.With that figure itself I shorted the pair at 1.3730. It will be a pleasure for me if any forum members share their view on this pair.
Regards,
Rajib.
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 24, 2009 22:06
FX,
I don't know that if you still shorting Yen or not.......I know a Japanese trader, yesterday he told me that most of the Japanese institutional traders are expecting USD/YEN go back to 80 or even more downside by the end of this year.....This guy is very good on FX......he recently was elected to be congressman in Japan, since then he reluctant to talk about FX...........and it was the recent comment about Yen........

Be careful of the Yen.....good luck!!
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 24, 2009 21:05
ashraf, finally, your party came......I know you have been waiting for it for long......
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 24, 2009 20:53
Abood, today's Swiss National Bank's intervention can be described as a FAILURE. EURCHF 1.51 was broken. So USDCHF strength seen limited at 1.0350.

chloe, well after all the USDX panic, the index helds at the 76 low from Oct '08. we need to regain 78 to have more hope for USD. More certainty for GBPUSD towards 1.58.

Ashraf
chloethebull
Canada
Posted Anonymously
15 years ago
Sep 24, 2009 20:12
ASHRAF..just wondering how high usd could go...also how much downside does crude an gold have..??(62.50..crude..970 gold)if so.. for gold would u concider adding to gold positions..thanks
Abood26
Damascus, Syria
Posted Anonymously
15 years ago
Sep 24, 2009 20:12
hello Ashraf where u see the eur/yen
and usd/chf
for towm and next week thanks alot
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