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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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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 22, 2009 4:14
Raulin, did you say your GBP puts were massively under water? WHEN did you buy these puts. GBP doesnt look good anyway. see how quickly it collapsed off the 1.6620 after the data?

Ashraf
speculator
Posted Anonymously
15 years ago
Aug 21, 2009 21:21
currency trading can be won on 33% chance (if u assume a constant rate) but more often 50% so easier than winning than in the casino
raulin
london, UK
Posts: 65
15 years ago
Aug 21, 2009 21:06
Qin You are 50% sure of a dollar correction in September.? Why don't you toss a coin?
mo
liverpool, UK
Posts: 123
15 years ago
Aug 21, 2009 16:04
Hey Qin

Thanks for the Advice , I am very patient person:))
Good luck in your positions
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 21, 2009 15:57
Hey, MO
I agree with you.....many traders are waiting for the entry point for weeks.....But the big players just short USD before individuals.......don't get so hurry up....there always a lot chance to do it.....be patient.

I didn't jump into this moving train, I want to wait into next week.
mo
liverpool, UK
Posts: 123
15 years ago
Aug 21, 2009 15:46
Qin, Gun

I also would like to buy AUD and NOK and NZD, against the USD , but unfortunately the market failed to correct in order to give me a good entry point.

Lots of traders missed the rally and waiting for this correction in order to position them selves , but this correction seems never to happened.
Gunjack
London, UK
Posts: 1184
15 years ago
Aug 21, 2009 15:44
Woe betide...Moe you aren't the only one feeling the pain of GBP strength...my cable puts are massively underwater...i am hoping ( maybe foolishly) for a USD recovery next week now...and GBP collapse
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 21, 2009 15:39
Hey, Mo
Don't be so frustrated. I am bearish GBP too....but the market is focus on USD weakness now...last year many traders made a lot money on short GBP as you know....will they do it again....I am sure they will.....but now they want to short USD......NOK is the best !!!

I hope UK will join EURO before GBP collapse, it will be very painful for the UK nation.

Good luck!
mo
liverpool, UK
Posts: 123
15 years ago
Aug 21, 2009 15:34
Hello Qin
I got your email, how you doing?
About me, I am really frustrated by the GBP strength against the USD dollar, even that all technical indicator point to major correction I,e slow Stochastic, RSI AND MACD all crossed to the down side in the daily and weekly chart

But the correction failed to materialised, GBP, EURO, and all the commodity currency always find buyers. Maybe you are right Qin "the USD is doomed".
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 21, 2009 15:33
If there is any American who is reading my comments about US dollar....don't take it is too personal....
I am very bearish US dollar but I like New York and would like to travel there again....

As a trader, I just point out the weakness on something and try to take advantage on it......we all want to make money, right???
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