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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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speculator
Posted Anonymously
15 years ago
Aug 19, 2009 21:24
i am very surprised cable didnt react much on the downside despite minutes released from BoE. This is an early warning sign for cable and dont fall in to the trap thinking cable will make any new highs in the near term ie.1.70+ without something super pound supportive or dollar negative.

buffet's remarks regarding dollar probably helped move cable higher along with risk taking.

Qin, i did mention dollar weakness for today and hope everyone got some benefit.
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 19, 2009 19:48
Hey Ashraf
haha.....I know understand the language doesn't mean anything.....but at least, it is the advantage, specially on this gobble trading market.....if you know more and faster, you will be the first.....

Moe,
If you don't have so much experience on FX......I suggest you to read the Denmark central bank's half year report....you can download it from the home page......they have some information about economics and US Dollar.......by the way, bloomberg is better then CNBC....but you can't believe all of the news.....they always have some faked news.....

Good luck!! I am go to party tonight!!! hahah...be back in 6 hours!!! yeah!!!! I will post on this blog if Japanese trader want to do anything tonight......
14raj
Kolkata, India
Posts: 210
15 years ago
Aug 19, 2009 19:39
Ashraf,
just now initiated my EUROUSD short position at 1.4250.IS it the right value or right time to enter short?
Regards,
Rajib.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 19, 2009 19:29
WATCH WHETHER EURUSD CLOSES ABOVE 1.4240-50 AND WHETHER GBPUSD CLOSES ABOVE 1.6550s

Ashraf
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 19, 2009 19:28
Rkg, i do not see GBPUSD exceeding 1.66 today. if we do go there tonight i doubt it will sustain into Europe. This currency is bearish and it will go down further.

Qin, speaking Arabic wont get me to figure out the INSIDE machinations of OPEC politics. Theres hurrican season nervousness and a lot of strange going ons before the oil data came out. Congrats on your quick profit-taking !

GBPUSD shows come under more pressure tomorrow and so does oil.

Stay focused and ay attention to the charts and the reasons that drive the market.

Ashraf
Moe
Sharjah, United Arab Emirates
Posts: 50
15 years ago
Aug 19, 2009 19:26
Quin,

I will waiting for your analysis. I'm kinda new in this... So will appreciate all the help I can get...thanks
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 19, 2009 19:24
hey, Ashraf
I have closed all my positions 30 mins ago.....really really good day for me!!

I will wait for the Asian market time open, I am checking Japanese traders comments now....they are not moving yet....I may post on this blog if they want to do something tonight.....

two days ago, they were talking about EUR/USD buyer were at 1.4050......it gave me the signal to short USD/NOK.....

Ashraf, you should give us more information about oil price, because you understand the language....

I post some information about Japanese traders comments, I know the language.... they always move together....just like KAMIKAZE....haha.....
Rkg
lon, UK
Posts: 22
15 years ago
Aug 19, 2009 19:21
Ashraf if cable breaks 1.66 do you see it going past 1.70 again
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 19, 2009 19:15
Qin, very amazing day. mostly led by oil. great shorting opportunity in GBPUSD just like yesterday. we have UK retail sales so be careful with your GBP longs.

Ashraf
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 19, 2009 18:29
Hey, I closed my positions.....booked profits.....i got more lucky then yesterday.....
I am thinking that maybe I will triple my account again next half year....but who knows....maybe I will be wiped out before end of this year.....( i used to be wiped out by long USD/CAD when it was parity, but it went to 0.9 before 1.3......the worst trade in my lifetime)

JUNE was the toughest month for me this year, many of you know that I got caught by short USD/CAD at 1.12 but the pare went to 1.17 before go to 1.07.....I closed my positions at 1.070....


Good luck!! everyone!!! I hope all of you will double your account this year!!!


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