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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 |
Of Gold Extensions مقياس إمتدادات الذهب
Friday's $2431 high in gold consisted of a 21% rise from the Feb 14th low. Such percentage extensions from key lows or/and technical levels such as the 200-DMA, could flag crucial opportunities for partial/full profit-taking. Watch here.
Bitcoin versus Miners Performance
As many of you know 2023 was kind to members of our WhatsApp Broadcast Group who snapped up shares in bitcoin miners, while 2024 has so far been more superior to Bitcoin than most of the miners...
View Hot-Chart..
Asad
P.S. Yeah, I'm waiting for CL to touch 95 so I can give it a massive, juicy squeeze.
P.P.S. BP - not sure about their acquisition spree - will itself be acquired next year!
P.P.P.S. If you have one, does your gf know that you're writing on this Forum?! You're making your unfaithfulness much TOO obvious by mentioning chicks again & again & again & again & again ... ... ... CL, money & chicks seems to feature in most of your posts! :p
Correxion. BP's total liability is $40b. :) Yeah, BP does HAVE potential, but the way they're stripping their prime assets to pump up the 'fund', will leave them operationally impotent in years to come! They selling down to save their ass, but at the cost of parting w/ their prime assets?! A bit Catch22-ish, isn't it...??
Asad
That was so funny! Ignore called you GUMjack. *LOL* It's so funny - hey, the name 'sticks' actually. *heheh*
Hindsight is a great thing, but like all things good, is retrospective! You analysis states that there've been MORE opportunities shorting CL, compared to going long. Unsurprised. I've made money shorting (& suspect I made a killing on the Jan trade you mentioned) - you all know this.
I'm the clown who STILL follows, and advocates, fundamental trading. For two reasons:
- Never follow the pack - take the less-walked road
- It's easier to hit the wall trading technical, because while most of us reach the same analysis, ONLY some (the bigwigs) make money by pulling the plug. Like this week, TA showed crude ᢒ...yet 'they' pulled the plug!
Asad
P.S. In the coming weeks, I', seeing CL descending gracefully towards the 80 mark...
Asad
Know what I meant?! This was bound to happen my friend - I wrote earlier than 90 was a good short! Btw, I like snakes... ;)
Asad
Winter aside, oil can't - & SHOULDN'T - surely be trading at $100 w/ Ireland & Co going around w/ the begging bowl?! Agreed that emerging economies are 'drinking' oil, but oil will have to, and will, be politicised during the next couple of years (as if it hasn't been in the past *sarcastic*).
I can be wrong - maybe a buck or two & then we should be heading towards the 80s! Hard to ignore the strengthening greenback.. ;)
Asad
What's your take on CL? I'm contemplating going short around here: 85 -> 90, I believe, was purely due to 'snow euphoria' over the last week! We got ample O&G running - Russia also seems okay w/ Ukraine this time *lol* - so nothing to worry, except speculation.
P.S. You're RIGHTLY the one on this Forum to inform us WHAT Goldman targeted for CL and HOW they got it right... ;)
"Classical chart analysis inc price action, candlesticks etc.
Basic grounding in EW patterns. (I chose Robert Miner of Dynamic Trading)
Fibonnaci retracements, extensions and projections (price and time) (Suggest Carolyn Boroden or Mark Braun)
Symmetry studies (Carolyn Boroden)
Return to EWA for deeper study and correct application of what you learnt with fibs and symmetry.
Markey Internals. (there are books on breadth and volume studies)
MP (Market Profile) Study of volume over time (Suggest Dalton for reasonably concise intro)
Intermarket analysis. Need I suggest someone for this ? !!!!!"
Wow! Your nuggets...you bullets. ;) Thanks very much, indeed...
Asad
Asad
P.S. Gunjack, you get first strike on the 'riddle' - Said, you get second.
hey, isn't it paradoxical that QE2 is being done for a sluggish economy, which also means that there should be less demand for crude? Surely, it's NOT JUST the USD weakness that causing high crude prices?!
CS should, and WILL, prevail!
Asad