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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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asad
London, UK
Posted Anonymously
15 years ago
Sep 16, 2009 7:50
Ashraf,

Nikkei went up by a 120 points and then scaled back 160 in electronic trading. Dow is up 20 points in electronic trading. Gold is 1015 and oil is 71.00 (shorted exactly here). What does this tell you?

If they say that cash-for-clunkers had an effect on retail sales, then it's immaterial because the Government is scrapping the scheme soon. Isn't the market getting beyond all logic?

Again, my gut points that today could be the day. What does your apt analysis suggest?
asad
London, UK
Posted Anonymously
15 years ago
Sep 16, 2009 6:24
Forum,

I think today's the party...the way Nikkei and Dow are moving!
asad
London, UK
Posted Anonymously
15 years ago
Sep 16, 2009 6:01
Qin,

Seriously! But why? I came back to ask, why? Is it because he works for CMC and you're anti-CMC?

Honestly, do you know what I think about your trading? I hope I'm wrong, but I believe that going by your impatience and temperament...you would fail as a trader under pressure! You're emotional...you're overconfident...you're stubborn...aaaaaaaaaaaand you're single-minded - perfect recipe for liquidation!

I gather that I'm waaaayyyyyyy junior than you...so would you be offended if I advised you to calm down? What if you learnt someday that most of the people you criticize make more money than you think you can think of thinking about?

You're a sly one, you know. You put up a suggestion and then say there's a 50% chance it'll happen. What on this Earth doesn't have a 50% chance? You're smart. But no matter how smart you are...there's always someone smarter...
asad
London, UK
Posted Anonymously
15 years ago
Sep 16, 2009 5:44
Qin,

You amuse me! :) Now WHY would Ashraf rip someone off? Give me ONE good reason...
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 16, 2009 4:56
Ashraf
"hedging USDCAD longs, you could consider i) shorting NZDUSD (ii) long EURCAD."

Are you sure?? AUD, NZD and CAD is commodities currency, they are moving in the same direction in long term.......EUR/CAD just touched its tech top two days ago...........it is not hedging strategy, but bullish USD strategy......ahah....
Are you trying to rip off people??
chloethebull
Posted Anonymously
15 years ago
Sep 16, 2009 2:52
ASHRAF...do u use bollinger bands ?if so what do you think on usdcad..appears to be either breaking out of top band or about to bounce off it...thanks
speculator
Posted Anonymously
15 years ago
Sep 16, 2009 1:39
guys, i could not help but post this video. this gentleman is obviosly planning to be a famous currency trader. ASHRAF get in touch with him and tell him to sober up will ya! dont think he is ready for bloomberg YET
http://www.youtube.com/watch?v=ycsI7nOPfVE
chloethebull
Posted Anonymously
15 years ago
Sep 16, 2009 1:37
i need help..im lookin at usdcad chart...1day/30min...i tryn to understand what im seeing..am i correct that a spinnin g top has formed in a downtrend which could signify a reversal??but i also see a doji candle stick with 2 small red bodies after which could mean sellers are runnin out....can both be used as tech signs....cause i do notice the doji is formed 1st then the spinning top...if any1 can comfirm this or im i off my rocker ..lol..thanks
chloethebull
Posted Anonymously
15 years ago
Sep 16, 2009 1:02
ashraf... last week i think canadas finance minister talked about the strong cad an said there wasn;t much they could do about it...is that true?if not what steps could they take to have a dramatic impact on cad...an are they more inclined to take these steps to lower cad value...i hear a strong cad is bad for our recouvery..bad for our exports with usa...so why they screwing around...thanks
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 16, 2009 0:40
Asad, chloe, as i explained in today's IMT, the fact that USD strengthened along w stocks and oil was due to fact that strong US data was CONSUMER related and it is such data that US need for any real chance to get out of recession (not manufacturing or industrial production). we saw this 2 mths ago when US unemp rate fell and payrolls showed smaller decline. thus, ONLY when we see real chances of US recovery is when USD GAINS on strong data along with stocks.

USDCAD breaks below 1.0735 support, so we move onto next support of 1.0630. Remember one thing: Just last week the BOC ADDED A PHRASE ABOUT EXCESSIVE CAD STRENGTH IN ITS POLICY STATEMENT. As for ways on hedging USDCAD longs, you could consider i) shorting NZDUSD (ii) long EURCAD.

Ashraf
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