asad i love china i worked in qingdao in a paper multinational company. take into account that al datas coming from mainland always accomodate the tenure of their financial market and their own strategy for natural resources. thirty years of industtial delocalisation from the us hasnot bring china to provide full economic datas. as for oil i u lose nothing by setting some buying position with the stop loss i gave yeasterday of 71.20 good luck with ur shorting. hope ur right
Chloe, Asad has mentioned a few good points, I may add a few points to that from my own experience, whichever trade you want to enter, before trading understand the WHY. First of all you will get the confidence and 2nd you will know where to place your stops and exit points. Other point try to go for higher reward/risk ratio. 3rd sometimes when a trade is going well let it run and push your stop to the entry level or +ve territory to give you a risk free trade. Good luck
Most importantly, the Chinese consumer and industrial data is due anytime within the next few hours...and this WILL set the tone for the market direction!
You asking a bull prediction from a guy who's got half his portfolio short on oil! :)
First, thanks SO much for keeping me in the loop. Now to business.
In uncertain times like these - business or personal - I tell myself 'Asad...never underestimate the power of common sense!' As yourself the following questions...
- With all the fundamental and technical statistics and information priced into oil already, WHAT is the impetus for oil to go beyond 72.40?
- S&P has gone up five days on trot first time since November...will it CONTINUE to fo life this for six more days? No! Not even three!
- USD is getting hammered. Will I find free dollars on the street if it keeps free falling like this?
- THERE'S A GLUT OF OIL IN THE MARKET...DO NOT FORGET!
- Cash for clunkers about to end - aluminium and platinum will be descending
- Watch the Nikkei carefully...then the Footsie in the morning...and then Dow/S&P in the afternoon. Correction!
Even if I'm wrong...NEVER underestimate common sense! That's what they did during the mortgage crisis - give loans to shady people...
thanks for the tips..im only playn small amount 25k blocks an i try to get 100bips so 250buks outta each block...but your right the direction of the markets have been unclear..so i decided to sit on the side lines an wait for a clear sign...it seams like alot of information ashraf must process before he makes a decision ...are u a pro?thanks for the chit chat pz
asad just got the wti chart fot nov delivery look like wer gonna touch another time the resistance of 72.40 that gave us ashraf. that correspond to a fib number of 61 percent . do u think it gonna break this level and goes to the next fibo rertacement meaning 73.58 probable if it breaks at 72.8
Can I advise you s/thing (humbly)? It's not QUITE the time for experimentation. :) So play around w/ a few hundred quid if you're feeling the rush! Mabe early next week well be clear on the market direction...then you can try and be the darling of the market!
RULE! Never trade w/o stop losses, ESPECIALLY in a volatile market as nowadays. This is extremely important in a falling market...because EVEN if you have a set price in which to get ot...YOU WILL NOT! Human nature. :) You will say 'a little bit more...a little bit more...a little bit more...' and maybe I'll recover the loss...and before you know, you're wiped!
A stop loss ensures that there is no emotion involved...and it takes you out while you're going through the greed/fear state. Well, I could NEVER accept that me, Le King *heheh*, is losing??!! :p And before I know, Le King is liquidated!
As for bips, well depends on quite a number os facs - bullish or bearish market, risk apetite (cowboy - hee haww), margin reqmt, how much money you're willing to gamble, how much do you want to make on it, and so on...
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ما وراء هبوط الدولار مع الذهب و من منهما يتمكن الارتداد؟
موعدنا الآن في غرفة شركة إكس أم لجلسة الأسواق
https://t.co/Y7tD0RxCS2
@XM_COM (2 years ago)
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"Cook & Eat at Home" scheme may come next to defeat UK inflation... (2 years ago)
Earlier in the week gold selloff was attributed to smaller than exp China EASING. Metal is now holding v well despi… https://t.co/ZW9cmXTPWW(2 years ago)
i love china i worked in qingdao in a paper multinational company.
take into account that al datas coming from mainland always accomodate the tenure of their financial market and their own strategy for natural resources.
thirty years of industtial delocalisation from the us hasnot bring china to provide full economic datas.
as for oil i u lose nothing by setting some buying position with the stop loss i gave yeasterday of 71.20
good luck with ur shorting. hope ur right
This is better than porn mate! China gave a blast of a result...oil set to retest 72.40...and Nikkei heading down! Imagine my excitement!
A break-DOWN...or break-OUT...let's see...
Asad has mentioned a few good points, I may add a few points to that from my own experience, whichever trade you want to enter, before trading understand the WHY. First of all you will get the confidence and 2nd you will know where to place your stops and exit points. Other point try to go for higher reward/risk ratio. 3rd sometimes when a trade is going well let it run and push your stop to the entry level or +ve territory to give you a risk free trade.
Good luck
Most importantly, the Chinese consumer and industrial data is due anytime within the next few hours...and this WILL set the tone for the market direction!
Please outline your criteria for being a pro and I shall see if I fit the bill... :)
You asking a bull prediction from a guy who's got half his portfolio short on oil! :)
First, thanks SO much for keeping me in the loop. Now to business.
In uncertain times like these - business or personal - I tell myself 'Asad...never underestimate the power of common sense!' As yourself the following questions...
- With all the fundamental and technical statistics and information priced into oil already, WHAT is the impetus for oil to go beyond 72.40?
- S&P has gone up five days on trot first time since November...will it CONTINUE to fo life this for six more days? No! Not even three!
- USD is getting hammered. Will I find free dollars on the street if it keeps free falling like this?
- THERE'S A GLUT OF OIL IN THE MARKET...DO NOT FORGET!
- Cash for clunkers about to end - aluminium and platinum will be descending
- Watch the Nikkei carefully...then the Footsie in the morning...and then Dow/S&P in the afternoon. Correction!
Even if I'm wrong...NEVER underestimate common sense! That's what they did during the mortgage crisis - give loans to shady people...
just got the wti chart fot nov delivery
look like wer gonna touch another time the resistance of 72.40 that gave us ashraf. that correspond to a fib number of 61 percent .
do u think it gonna break this level and goes to the next fibo rertacement meaning 73.58
probable if it breaks at 72.8
Can I advise you s/thing (humbly)? It's not QUITE the time for experimentation. :) So play around w/ a few hundred quid if you're feeling the rush! Mabe early next week well be clear on the market direction...then you can try and be the darling of the market!
RULE! Never trade w/o stop losses, ESPECIALLY in a volatile market as nowadays. This is extremely important in a falling market...because EVEN if you have a set price in which to get ot...YOU WILL NOT! Human nature. :) You will say 'a little bit more...a little bit more...a little bit more...' and maybe I'll recover the loss...and before you know, you're wiped!
A stop loss ensures that there is no emotion involved...and it takes you out while you're going through the greed/fear state. Well, I could NEVER accept that me, Le King *heheh*, is losing??!! :p And before I know, Le King is liquidated!
As for bips, well depends on quite a number os facs - bullish or bearish market, risk apetite (cowboy - hee haww), margin reqmt, how much money you're willing to gamble, how much do you want to make on it, and so on...