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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
Aug 23, 2009 1:57
spec, I did
I was long Yen at that time until march of year....

spec don't think you are smarter then market, you have been wrong for 4 months. The worst trader always blame market or say market doesn't trade on fundamental, but he or she does....they are always being wiped out very quickly....if you are wrong, do the homework again....find out where you did mistake........and make sure that you won't make the same mistake again.....

there are thousands traders who are reading and predicting the market everyday.....they are all professionals...........since you just start trading, you have a long way to learn.......

I am still learning everyday......I always lose money because I entry the market too early sometimes, but I never make mistake on my long term prediction.....I hope I will never be wrong on the long term.....
speculator
Posted Anonymously
15 years ago
Aug 22, 2009 17:07
qin did you tade end 2008 and start of 2009?
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 22, 2009 14:31
by the way, spec
I am making money on short USD........maybe you will be smart enough to make money on long USD since you open an account this week......let me know, when you want to play all-in on long USD.....
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 22, 2009 14:27
I believe my long term trend prediction....and flow the long term trend to trade is the most profitable for me at least.......maybe I am not smart enough to trade both sides....
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 22, 2009 14:24
spec
Since april this year......95% of my trading is shorting USD.....I will keep doing it by the end of this year....

In Jim Rogers' book, he said people will stop drinking orange juice until doctor tells you orange juice course cancer.....
speculator
Posted Anonymously
15 years ago
Aug 22, 2009 14:07
qin, you ALWAYS short usd?

You are a funny bloke
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 22, 2009 13:50
I said 50%, because there is no sure on the market....if you want 100 or 80% ......I think you shouldn't visit this blog........

most of people in this blog are losing money recently...........
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 22, 2009 13:44
I haven't been touch sterling for 2 months.......are u a new visitor here??

everyone in the blog for more then 1 month....knows that I never long USD, and always short it....

if you want 80% or 100%......i suggest you to get a regular job in the government.....usually, they don't fire people and you always get pay on time....
raulin
london, UK
Posts: 65
15 years ago
Aug 22, 2009 13:11
Qin
I never base trades based on a 50% probability that is the probability you get from tossing a coin I like 80% at least. 50% is what you get from shorting sterling in the middle of a range.
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 22, 2009 13:06
I said 50% chance in the beginning of September.....because after labor day, there will be more and more traders back to wall street........some of them will sell their positions.....so maybe the market will have some profits taking season at the beginning of September.........traders usually re-balance their portfolio .......I don't expect that any heavy correction, the correction should be smaller then the one in this summer.....I will catch the chance to short USD if it happens and USD rally back a little......

By the way......from FEB to March .....JPY usually will have a strong rally for 1 or 2 weeks, because Japanese companies will do the order their oversea money back to Japan......I have been trading for 7 years, it is just my experience........so I only put it 50% chance.........


raulin, if you are lucky guy, you should toss your coins.........I never making money by lucky......