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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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FXHandler
Norway
Posts: 195
15 years ago
Aug 26, 2009 0:29
Reccession is over....they say, but is the financial crisis over? Don't think so! It's just started.

WASHINGTON In a chilling forecast, the White House is predicting a 10-year federal deficit of $9 trillion more than the sum of all previous deficits since America's founding. And it says by the next decade's end the national debt will equal three-quarters of the entire U.S. economy.
http://news.yahoo.com/s/ap/20090825/ap_on_go_pr_wh/us_obama_economy

Forget About The Chinese Stock Market, The Whole Chinese Economy Is A Bubble Waiting To Burst...........
http://www.businessinsider.com/forget-about-the-chinese-stock-market-the-whole-chinese-economy-is-a-bubble-waiting-to-burst-2009-8
FXHandler
Norway
Posts: 195
15 years ago
Aug 25, 2009 23:11
Takk s mycket Qin!

I understand you are bearish on the USD, but in the short-term I Laidi is bearish on the oil... so when oil drop, the USD goes up and the NOK goes down compared to all Majors, and if this happens at the same time as we have a huge correction in the market (risk aversion).... then, well I guess everyone here know how the NOK got beaten last year...
Do you consider a scenario like that again?
You are not gonna short YEN before next year you say? So it means you think the worst is yet to come, right?
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 25, 2009 22:04
i closed my positions with 10 pips loss........guess there will be some pull back or profits taking......

Good luck everyone!!!!
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 25, 2009 20:20
moe. if the pare go above 6.25 to 6.50.....i suggest you to short it.....

NOK is affected by oil price....but less then CAD.....the central bank will rise interest rate early by next year......

if you want know more about NOK, check the central bank's home page......they don't make up number....it is very reliable....
Moe
Sharjah, United Arab Emirates
Posts: 50
15 years ago
Aug 25, 2009 20:10
Qin,

And what effects this pair other than dollar weakness?
Moe
Sharjah, United Arab Emirates
Posts: 50
15 years ago
Aug 25, 2009 20:09
Qin,

Thanks, But I have read by you alot on this pair and I want to watch it. Where do you think is a good level to short the dollar against the NOK?
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 25, 2009 20:02
moe, I don't recommend you to join with me.....but if I post something like I really get puke because my positions' loss.....you might stay with me........usually, people will make money from it.......

I always entry to the market earlier then others....
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 25, 2009 19:51
moe,
I don't know.....I even don't know if I am right or now......haha.....I don't want to lie to you.....

I think that if US stock hold in green today, Asian stock will go up tonight.....last night, Japanese traders said that there was a strong support at 10500 in nikke........if it is truth.....the pare will down again, maybe in Asian time.......I don't have any target yet......

let see ....
Moe
Sharjah, United Arab Emirates
Posts: 50
15 years ago
Aug 25, 2009 19:46
Qin

At what price will you book your profits? I just want to see how this pair works..
Thanks
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 25, 2009 19:36
i just short USD/NOK again at 6.04....

let see it is a selling off day, or NY lunch time ......
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