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Posts by "asad"
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Posts by Anonymous "asad":
EURUSD 1.1851 |
USDJPY 111.52 |
GBPUSD 1.3772 |
AUDUSD 0.7485 |
USDCAD 1.2406 |
GBPJPY 153.59 |
EURJPY 132.15 |
AUDJPY 83.48 |
CADJPY 89.86 |
Silver 26.23 |
Most importantly, the Chinese consumer and industrial data is due anytime within the next few hours...and this WILL set the tone for the market direction!
Please outline your criteria for being a pro and I shall see if I fit the bill... :)
You asking a bull prediction from a guy who's got half his portfolio short on oil! :)
First, thanks SO much for keeping me in the loop. Now to business.
In uncertain times like these - business or personal - I tell myself 'Asad...never underestimate the power of common sense!' As yourself the following questions...
- With all the fundamental and technical statistics and information priced into oil already, WHAT is the impetus for oil to go beyond 72.40?
- S&P has gone up five days on trot first time since November...will it CONTINUE to fo life this for six more days? No! Not even three!
- USD is getting hammered. Will I find free dollars on the street if it keeps free falling like this?
- THERE'S A GLUT OF OIL IN THE MARKET...DO NOT FORGET!
- Cash for clunkers about to end - aluminium and platinum will be descending
- Watch the Nikkei carefully...then the Footsie in the morning...and then Dow/S&P in the afternoon. Correction!
Even if I'm wrong...NEVER underestimate common sense! That's what they did during the mortgage crisis - give loans to shady people...
Can I advise you s/thing (humbly)? It's not QUITE the time for experimentation. :) So play around w/ a few hundred quid if you're feeling the rush! Mabe early next week well be clear on the market direction...then you can try and be the darling of the market!
RULE! Never trade w/o stop losses, ESPECIALLY in a volatile market as nowadays. This is extremely important in a falling market...because EVEN if you have a set price in which to get ot...YOU WILL NOT! Human nature. :) You will say 'a little bit more...a little bit more...a little bit more...' and maybe I'll recover the loss...and before you know, you're wiped!
A stop loss ensures that there is no emotion involved...and it takes you out while you're going through the greed/fear state. Well, I could NEVER accept that me, Le King *heheh*, is losing??!! :p And before I know, Le King is liquidated!
As for bips, well depends on quite a number os facs - bullish or bearish market, risk apetite (cowboy - hee haww), margin reqmt, how much money you're willing to gamble, how much do you want to make on it, and so on...
Look...if oil goes above this level, then we may as well put our limits at 85 and go to sleep (although I'm thinking of putting a stop at 65 and going for short, quick naps). Try justifying ANY rise above the current level...
I don't know about angry...but fasting IS making me hungry! But yes, not eating pizza, not sipping coffee...and above this, getting hammered in the market should make one angry! :p
Rob, SOME rationality HAS to prevail. I don't know HOW big a crash they want? Don't worry...9/11's just around the corner... ;)
Can we PLEASE go down now? The markets are so funny! *heheh* You can LITERALLY sense them sniffing, 'Umm what excuse do we need to go up now?' :)
Hey guys, EVEN if the world had recovered *heheh* how much more can you go up? Now there HAS to be a correction.
I'd love to see anyone take any bullish positions now. Any buyers? :)
No wonder there was gapping in the market. :) 71.27...71.53...71.74. Zooooooooooooooom!!