Forum - Ashraf's Book: Currency Trading and Intermarket Analysis (Topic)

Ashraf Laidi

London, UK

Posts: 0

14 years ago

Nov 6, 2009 21:19

kidwai, glad you took advantage of that USDCAD trade. I issued it 30 mins before the CAD jobs report with very high certainty because i totally disagreed with market expectation that CAD would create jobs for 3 consec months. we all saw what happened. the btfuil thing is that i shared it with my 2080 followers so glad some did take it.

more yen gains into Jpn just like last friday. The clue was in USDJPY

Ashraf

Ashraf Laidi

London, UK

Posts: 0

14 years ago

Nov 6, 2009 21:19

Xaron, 50 pips are noise to you. to each his own. some people go for 10 or 20 pips, others do nothing less than 100 pips. As for answering your question, my long term positions since January were favouring AUD and to lesser extent NOK. longest term postions (3-4 weeks were long AUDUSD). But that did not stop me from taking short term shorts in aussie, kiwi and cable (all of which i spoke about on this site). i also spoke abt my longterm bullishness in aussie. the idea is you have positions for short term trades (1-2 days because risk aversion changes every 2-3 days) and longer term positions (3-4 weeks) such as short USD. it is more complex than that. maybe one day ill hold a seminar/webinar about that.

Qin, your mouth is getting bigger than your ideas. if you're such an expert in reading my analysis, i suggest you read carefully my IMTs and my twitter trades...such as my long GBPUSD trades after the BoE decision. Your problem is that you think the market is linear, but the only linear thing is your thinking. i gave you a chance to stop embarassing yourself a few weeks ago but you did not take it.

Ashraf

kidwai

karachi, Pakistan

Posts: 77

14 years ago

Nov 6, 2009 21:09

Hi Ashraf, how are you well thanks very muc about the USDCAD and as well in usdjpy, its was really great i booked 55pips on both the trades.
Thanks
Best Regards

Qin

Jonkoping, Sweden

Posts: 492

14 years ago

Nov 6, 2009 20:49

Xaron,
I think I can answer some of your questions......first I don't think Ashraf is active trader.....he doesn't have time to trade and also write his blogs to us everyday........second, most of time he talks about bullish on USD or recommend people to long USD to against other currencies, just because he sees there is some resistant line on the pares. It is not so difficult to find out the resistant lines by themself if people are trading enough......so if traders are luck enough, they will make some pips profits....but I don't think the profits will be bigger then short USD in long term.......if you check his record comments, you may find out that he rarely to recommend people to short USD........but every time, when USD crack down, he may keeps very quiet....I guess he is busy to look for the resistant line.........haha........If I am right, he will be very quiet soon.......

Xaron

Munich, Germany

Posts: 528

14 years ago

Nov 6, 2009 18:50

Hehe Ashraf, yes looks like you're right. But those 50 pips moves are just noise to me. I trade very low leverage, it's more an investing than trading. But I fear that a lot of guys here use leverage and 100 pips can be a pain then. ;)

Let me ask you a question, dear Ashraf. I've read your book which is great btw, but just wonder about all those intraday technical hokuspokus stuff. I mean wouldn't it be easier to just trade the bigger trend and buy here and there. I just wonder how do you trade that stuff, I mean you must hedge and straddle all the day?

chloethebull

Canada

Posted Anonymously

14 years ago

Nov 6, 2009 18:47

hi ashraf do u see usd closing strong today?thanks

Ashraf Laidi

London, UK

Posts: 0

14 years ago

Nov 6, 2009 17:57

Xaron, you spoke too soon. USD strength emerged against CAD, NOK, SEK, EUR and DKK. i warned all morning against CAD and it has fared the worst performer of the day. we even warned BEFORE the Canadian jobs. As for the 1.4550 target for the week, yes, you are right, it never hit today. the India-Godl news was a major catalyst. It was an aggressive call and i was wrong. But there are some high certainty trades,which i proposed, such as CAD on twitter (See link) http://bit.ly/4yHBP

forextrader, congrats.

Ashraf

forextrader

vologda, Russia

Posts: 127

14 years ago

Nov 6, 2009 15:32

thanks Ashraf. I booked 80 pips in the Cad/USD today following your twitter update . thanks

Xaron

Munich, Germany

Posts: 528

14 years ago

Nov 6, 2009 15:03

Ashraf, no offense, but I hope people DON'T follow blindly your IMTs. Though they're quite good it's dangerous for newcomers. I mean look at your 70% probability for a close below 1.4550 in the Euro. I don't want to know how many traders are quite short in this pair because of your advice. Again, no offense and I know everyone should be responsible for his own trading but you simply can't tell us proudly that you were correct this time.

Qin

Jonkoping, Sweden

Posts: 492

14 years ago

Nov 6, 2009 14:52

Eur/USD 1.55 by the end of DEC.......Ashraf....don't confuse the inexperience traders please......let them have a good Christmas and New Year, please......