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by Ashraf Laidi
Posted: Jun 24, 2009 14:06
Comments: 182
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This thread was started in response to the Hot-Chart:

USDJPY 4-week Cycles

 
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Gunjack
London, UK
Posts: 1184
15 years ago
Jul 30, 2009 14:09
@GC I just initiated a USDJPY short am looking at a stop of 96...once that breaks can see further upside...maybe ashraf can advise us better
GC
Singapore
Posts: 6
15 years ago
Jul 30, 2009 14:04
Hi Ashraf

USDJPY has break thru 9560 key resistance. Where do you think is a good stop loss value.. Vested at 9526...

GC.
Gunjack
UK
Posted Anonymously
15 years ago
Jul 30, 2009 14:01
Yen getting smashed against $ and
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 30, 2009 9:17
yes raj, 9310 is possible in usdjpy. current yen weakness attributed to the shanghai scare which is impacted Asian neigthbours and their currencies. 9530 still a key resistance

Ashraf
14raj
Kolkata, India
Posts: 210
15 years ago
Jul 30, 2009 1:05
Ashraf,
I just initiate my short in USDJPY at 9513.Technically a dip correction may be in offer.Is 9310 possible for USDJPY within next week?Can you please share your view, Ashraf?
Regards,
Rajib.
speculator
Posted Anonymously
15 years ago
Jul 30, 2009 0:22
with regards to cable anyway
speculator
Posted Anonymously
15 years ago
Jul 30, 2009 0:20
we should be monitoring the oil price not stocks as correlation is higher.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 29, 2009 23:31
thanks raulin, you are roght opne musty be very careful of weakening correlations whether temporary or not. Just as we pointed out the end of the direct correlation bwteeen USD and bond yields, the why and the when, we were aware of the temporary end of correlation between USD and equities until we realized that emerging markets did matter. Yes, FTSE-100 becoming increasingly irrelevant in its last 1-2 hr of trading as US session takes over.

one must be nimble and learns how to ride the market, while keeping an eye open on the shifting correlations and the big picture.

Ashraf
raulin
london, UK
Posts: 65
15 years ago
Jul 29, 2009 22:58
Another thing that strikes me is that be careful about fixed correlations. As the US stock market picks up, if not their economy people will want to buy those companies and they will use dollars to do so hence increasing value of dollar as stocks go up ..this may take some time to play out but we are seeing tentative signs
raulin
london, UK
Posts: 65
15 years ago
Jul 29, 2009 22:53
Ashraf I genuinely appreciate your incisive comments Keep them coming. You have a lot of goo
d calls and you seem to love your job! With regard to U/J I think that u/j has more upside potential, however, first to 96.50 and then to 97.20. The stock markets have not plummeted with oil depreciating which tells me that there is a still a lot of risk appetite. This of course may be tempered by negative data but markets are irrational. We all know how frustrating it is to enter New York market when they reverse everything that has happened before in european market. I think in these markets the best thing to trade with is open mind and use regression to the mean!
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