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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
Canada
Posted Anonymously
15 years ago
Sep 15, 2009 19:18
did any1 dare go long usdcad@ 1.0720...or just me :)..gl...i don;t think qin did..
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 15, 2009 19:04
Hello, guys
Japanese traders are sending warning to me...........it is possible that USD/YEN will break 90 and go to 60 as they said......

I am holding my short positions USD/NOK..........I am considering to join Jim Rogers by shorting USD/YEN now........
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 15, 2009 18:58
Ashraf,
If you are really trading on USD/CAD during the weeks, I think you must check AUD/CAD and EUR/CAD..............last night, both of the pare went to tech top..........plus we would have a very big US report today.......I really don't think you should recommend people to long USD/CAD before the report as an FX analyst.........it was less then 40% chance to get right....and the profits was only limited by 100 pips.......
chloethebull
Canada
Posted Anonymously
15 years ago
Sep 15, 2009 18:55
lol i can;t catch a break... added more to my positions 1.0775--1.0735..i think they will be ok ..only time will tell..what i really need is oil to have a huge build tomor if theres a draw down im dead lol..since taken that quick online course in forex im startn to see what ashraf is talkn about but thats only half the story ..fundementally usd looks week an maybe thats the bigger prob..ok gl to all
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 15, 2009 18:46
Qin, in case you haven't noticed what is going on in this forum, let me clarify it: People ask my views and i respond..regardless who trades with which broker. i'm not concerned with who trades where. As for your claims about brokers and casinos, well..you're free to think what you wish, but I would stay away from characterizing my views as that of a casino. good luck w/ your logic and line of thinking.

Ashraf
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 15, 2009 18:46
EUR VS USD......at the 10th round......EUR did a heavy punch to USD.......USD was knocked out again......I guess today's game is over.........
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 15, 2009 18:19
chloethebull, I hope you will be fine.....I warned you last night......I don't know that if USD/CAD will back to your break even or not......hope it will.......
By the way, you shouldn't post that you are trading with cmc market......As I know, most of the online brokers don't execute the clients order in the real market, which means when you make money on your positions, you are taking money from your online broker........it sounds like online brokers are doing the business like CASINO......but it is truth.......FXCM.com, Forex.com and many of them are doing like this, they know that only 20% people are making money, but 80% are losing.....it is the ratio....

Ashraf told you that USD/CAD will go to 1.10........on my view, it is like the casino boss tells me that I should bet my money into black or red.......usually, I will just cash my chips and go home.........
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 15, 2009 17:19
Chloe, sorry i missed your question but i hope you're subscribed to the IMTs. USDCAD supported at 1.0740 after a big drop, partly on those recurring rumours that Australia's BHP may be buying Canada's Potash.

Asad, it's a broad case of dollar strength occuring despite robust oil prices. GBP weakness is offering plenty of trading opportunities.

Jack, yes, Fed stopped reporting M3 back in 2006..or was it 2005.

Ashraf
Gunjack
London, UK
Posts: 1184
15 years ago
Sep 15, 2009 16:53
Read a great article highlighted by Joe Saluzzi of Thermis trading about how the fed doesn't report M3 anymore. Interestingly M3 is a good way of spotting the FEDs visible/invisible hand of intervention in the equity mkts....
asad
London, UK
Posted Anonymously
15 years ago
Sep 15, 2009 14:20
Forum,

Does anyone see a correction setting in today? Equity markets, I mean??
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