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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
 
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 4, 2009 17:34
asad.....the same thing happen to me too......I short the USD/NOK but covered my position in 5 mins......then I went to have some nap.....just woke up.........I am surprised too......
But I don't long USD as I said before......I only trade on short USD.......rule number one!!!!
I don't know the oil......I never say short oil before......

I have said many times that I will get sleeping problem if I long USD.........

Ashraf, your $$ became to -$$.........at least now.......
asad
London, UK
Posted Anonymously
15 years ago
Sep 4, 2009 17:24
Now i'll have to day-trade to recover the money. Arrrrghhh...I hate day-trading (forum, my 'loss' means 'loss of profit' :p)...
asad
London, UK
Posted Anonymously
15 years ago
Sep 4, 2009 17:22
Qin,

I couldn't agree with you more!! Believe me, I left my desk at 67.36 (oil)...for ten minutes...and when I returned 68.35! Do you know how much loss it means (given the position I'm in)? This wasn't supposed to happen, right? Oil was supposed to go down. The jobs data ruined it. I don't even know whether I want to go long...
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 4, 2009 17:19
Ashraf, as you said....it broke the ling.....
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Sep 4, 2009 16:40
Chloe, not sure if you read my comments yesterday. EVEN THOUGH i own gold (maybe will sell a small portion of my holdings at 1,030-50s), i do NOT think the current rally will take us towards my 1,200 target. I think we will drop back towards 950s and even 920s when stocks retreat further before heading back up. i also like to buy silver on any matrial dip.

EVERYONE, i cannot emphasize wnough the 0.8450s resistance in $AUDUSD, which has been failing since Aug3. Medterm target at PREVIOUS resistance of 0.8260s i.e. 200-pips $$

Ashraf
chloethebull
halifax, Canada
Posts: 1183
15 years ago
Sep 4, 2009 16:03
ashraf...do you see gold breaker 1000 an holding?also why is usd holding up so well when gold is soo near 1000..??do you expect gold to fail sending usd further up in the short term(1.1150)or higher..thanks for your coments, listen to you everyday for guidence..
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 4, 2009 15:39
I closed my positions again......at break even........every strange feeling i got when I was watching my positions............i don't know......maybe I am wrong.....

Good luck, everyone!
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 4, 2009 15:30
Short USD/NOK again at 6.061 with 1/3 size now.......there is some huge buyer on EUR/USD 1.420......I guess maybe OPCE national again?? who knows......let see.....if the pare go up.....I will stick with my plan.....


Good luck!!
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Sep 4, 2009 13:58
haha....guys.......I was half right half wrong........today is selling off today at least in FX.....

I was little nervous before the report......because the market was againsting my prediction......

Now I will just watch out of the window and waiting for the chance to do what I have to do....short USD on its rally......I am waiting.....
Qin
Sweden
Posted Anonymously
15 years ago
Sep 4, 2009 12:49
anauel63, he is on the vacation now.....post your question again next week.