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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
 
forextaylor
California, United States
Posts: 3
15 years ago
Aug 19, 2009 3:14
Ashraf,

Hello. I am currently reading your book. Great book! I am a junior currency trader and the book has opened my eyes to alot! Its giving me more insight into understanding the markets. I have one question: Is the VIX a leading or lagging indicator?

Regards

btw alot has unfold since the beginning of the crisis and the time the book was published. You should do a followup or revised edition to include the markets and the performance of the currencies for 2008.
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 19, 2009 2:24
Hey spec
I am not a short term trader.....I used to long USD/JPY from 100 to 115 and long EUR/USD from 1.2 to 1.35.....that is half year term.

please don't find excuse that you are not short term but long term.....
If you can make money on trading, who cares long or short..........

Let us know when you start long USD......


Good luck!!
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 19, 2009 2:17
Hey, spec
Please don't say if 1.7.........just let me know when you start to long USD please.

FED don't have exit strategy yet, ECB will exit QE much earlier than FED on my view.
In the history of US rescissions, FED always keep low interest rate for average 3 to 4 years. Have you heard about FED said how and when to do the exit strategy or when they will rise interest rate?? I didn't get the call from them, maybe Bernake called you....

Bloomberg has posted at least 3 times that FED would rise interest rate, but all was faked news.
Bloomberg also said that Canada would to QE and intervene FX market, all was faked news.
All the banks are cutting their USD forecast again and again......

You have been talking about risk aversion and USD rally for 3 month at least......I think if you are really trading on FX as you said, you have already bankrupt at least once...........and that is why I know that you never trade on FX or maybe don't have account to trade. Image a people listened you and traded on FX for 3 months.....I think he or she will never ever forgive you...
Please when you speak.....take some responsibility for someone who doesn't has so many experience on Forex.
speculator
Posted Anonymously
15 years ago
Aug 19, 2009 1:58
If we do get to $1.70/ go long as much as possible. Fundamentals are very bad for pound in short - medium term. I expect risk aversion to come back in september and the correlation should not weaken with cable or oil.

any oil traders out there, if u r bearish on oil you should be bullish on the dollar.

however, i do not expect a sharp pull back in equities as long as no shocks come in the form of large scale bank failures. we made correct down 10pc from current levels for the next few months.

U r probably bearish dollar due to QE. But remember, the fed can reverse stimulus as fast as it put it in place. The fact that dollar replacement is all but not talked about shoudl ring a bell about its prospects going forward.

dollar strength will gradually occur due to improving fundamentals and gradual trimming of usd shorts. the usd bear market started in 1985 in my books.
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 19, 2009 1:50
Hey, ashraf
I hate USD as a traders, but I didn't mean I hate American or USA.
I lived there for 3 years.....I love New York.

Best regards
Qin
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 19, 2009 1:46
Hey, guys
I am very bearish USD, just base on the fundamental valuation of the currency. Unfortunately, my home country China still keep buying US debts.
But I believe I am not the only one who is thinking USD and US bond will collapse.

spec, USD is in the bull market??? so maybe I am the one against long term trend??? haha...whatever, as I said many times, if you are so bullish on USD, long it and post it on this blog about your entry point. Let us learn how a financial planner trade on FX.

by the way.....I booked my profits too early today......the pare is diving now.......hope USD rally tomorrow which give me one more chance to short it.......I am praying that NOK will show weakness again......

Good luck!!!
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Aug 19, 2009 1:26
OK Asad. Spec, you're writing your own book on this forum w/out knowing it. So Qin is a USD-hating Chinese who lives in Sweden ! talk about globalization. Btw, i have a few pages written on the NOK in my book.. 8 months before it became the darling of currency markets in the frontpages of the press

Keep an eye on this story, which i posted on twitter http://bit.ly/16HD6i

Ashraf
speculator
Posted Anonymously
15 years ago
Aug 19, 2009 1:06
Qin i was joking i have no book.

i am a financial planner but have background in financial markets and in particular the usd. my economics thesis correctly pointed out the prediction of a usd bear market in 2003.

i realise u r very against usd but u should not be for some time as we are still in a usd bull market. however, for short term trading u can be bearish.
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Aug 19, 2009 0:59
Hey, spec
You have a book??? haha....hope the publisher won't bankrupt or been sued, just because they printed your words....

What is your job, spec?? I think you should apply a job in FED and work with Bernake.....learn how to print money and persuade people to buy the money and debts....
speculator
Posted Anonymously
15 years ago
Aug 19, 2009 0:27
Has anyone read my book?