Forum - Ashraf's Book: Currency Trading and Intermarket Analysis (Topic)

Qin

Jonkoping, Sweden

Posts: 492

15 years ago

Aug 29, 2009 13:11

Ashraf,
stock will have a some correction in the near term, I think it will be 50% chance........but I don't think that USD will have a big rally like last year.......
I didn't buy your book.....but I know something about intermarkt.......In long term, US devaluation is bad for the stock market in US......because commodity price rise will eat all the companies' profits......

Steven Blyth, when USD had a rally in JUNE, bloomberg post that EUR/USD 1.3 by the end of this year according to CMC Ashraf.....but USD made its new lows at August, Ashraf post that EUR/USD 1.55 by the end of this year.
The same thing with USD/CAD too.......In June ashraf posted 1.12 by the end of this year, but a few weeks ago, he predicted USD/CAD 1.02..........The most strange thing was he recommended people to long USD/CAD at 1.1650, I was doubting a lot at that time..........
This is the reason I asked Ashraf show some trading position for us.........

speculator

Posted Anonymously

15 years ago

Aug 28, 2009 22:08

also i will have to add that unlike fx, the banks seem to have a pretty similar range of guesses for equity indices so best listen to them as they really move this market well. many of them predicted year end of s&p500 between 900 -1100 back in q1/q2. banks will tend to encourage risk taking as it provides huge profits from their clients for the bank.

so my best best is follow bank equity index forecasts but with fx it is pot luck. i do believe that there is some kind of manipulation in the us stock market by the banks anyway as the number of sessions stocks indices turned + from - within a matter of moments from close in unbelievable

speculator

Posted Anonymously

15 years ago

Aug 28, 2009 22:01

there is a war between dollar bears and bulls out there but right now probably way more bears than bulls. but of course, its difficult to predict central bank actions between currency pairs and so many other factors so extremely difficult to provide accurate time focussed targets. although you can give a trend picture more easily. any bank that provides targets is probably trying to move the market in their favour. but i do believe in very short term targets eg a few days max.

Steven Blyth

London, UK

Posts: 148

15 years ago

Aug 28, 2009 20:09

Qin. I'm relatively new to this game and what i know is that to be a trader worth your salt you need to be able to take the analysis provided and synthesis it. There is no hand holding here. No lazy buy or sell signals here. Mark Chandler at Brown Brothers sees EURUSD at 130 by end of year and Ashraf sees it around 158. Some forex technical analysts even refuse to give a target on pairs. Thats what makes a market.

If you are a seasoned trader im sure you'd know what to do. Good luck brother.

Steven

speculator

Posted Anonymously

15 years ago

Aug 28, 2009 19:42

hey ashraf where r u on holiday?

nzvik

New Zealand

Posted Anonymously

15 years ago

Aug 28, 2009 19:00

Ashraf,

Just relax and enjoy your vacation. Some people obviously assume this is a trade signal website.
I enjoy reading and then using your analysis and thoughts on the market. I see your ideas and thoughts as something for me to understand and then decide for myself how I want to trade depending on my situation and already open positions.
People who are looking just for trade signals without understanding the thinking behind them should move on - there are a number of websites which will be happy to take your money and simply give you an entry and exit and you may still loose money.
Please continue the education, I want to learn how to fish not just eat fish !

Ashraf Laidi

London, UK

Posts: 0

15 years ago

Aug 28, 2009 18:51

Qin. I'll focus on the market dynamics and shifts in risk appetite, and will let each one handle their own porftolio and positions because this depends on each person's risk-reward ratio and their margin requirements. If the charts in the latest articles about the Shanghai, the GBP, the VIX and OIL did not help you, then like i said, the Interenet is full of FX portals for otehr resources. What i said here and in the previous post is very clear here.

Moe, what do you mean by lower end? Look for 9,290 next week. I see 7,400 before year end, but not sure when exactly.

Ashraf

TG

Singapore

Posts: 112

15 years ago

Aug 28, 2009 18:15

Hi there Ashraf,

Please continue to enjoy your holiday and thank you for taking time out, to provide in-puts on the market.

Your guidance on intermarket correlations has been very useful, Please ignore inconsiderate, selfish comments made by a " cry-baby".

Moe

Sharjah, United Arab Emirates

Posts: 50

15 years ago

Aug 28, 2009 18:05

Ashraf,

Hope that you are enjoying your vacation. I just want to congradulate you on your calls. Dow tested again 9600s. Where do you see dow on the lower end?
Thanks

Qin

Jonkoping, Sweden

Posts: 492

15 years ago

Aug 28, 2009 17:39

Ashraf, I don't want anyone to hold me hand, basically I don't take people's advice to trade.......
To be honesty, I just little doubt that if people really making money to follow your trading ideas or not during the recently months.......you have been mainly talking about risk aversion for 3 months....less then spec about 1 month....
So I am just little curious that how did you trade on FX and making money on it......of course you recommend many traders to hedge the positions when long term trend start against your short term prediction.......

I don't have any words to against you......no one can 100% sure on the market......
I just want to learn that when you get right on your position, how you maximum your profits, and you can get wrong your positions, how you minimum your loss......I guess we all want to learn it, don't we??? The best way for us to learn is you give us some of your positions details if it is possible.......