The initial reaction was a sell-off.... and also take a look at crude at its lows as we speak. Technical indicators help but news is everything folks.
Mr Lakhan,
the market only sold off for 30-45 minutes and then reversed, you have to be the first Hedge fund Manager that has taken a trade based on such a short time frame. I always thought hedge Fund managers invested in the medium-long term time horizon.
With regards to your comment on US Crude oil, it was weak from a technical perspective as it has been putting lower lows and lower highs on an hourly time frame(I have attached a chart to illustrate this). The EUR/USD has been very strong breaking out of its downtrend and threatening to breach 1.49, it did and went as high as 1.4915 on the wick when oil made a rebound to $79 @ 14.40. The EUR/USD would have pushed higher trading above the outside bar @ 1.4892 and trading higher to 1.5 if it were not for oil. Oil has support at $77-76.5 and if this holds and trades higher , then you will certainly see EUR/USD go to 1.5 and higher next week. All pull backs are healthy in an up-trend folks .........
I will cover the US cruse oil and EUR/USD over the weekend........please keep an eye on Benzinga for the update!!!
as you are aware the following post was written by GladiatorX on your blog;
http://www.trade2win.com/boards/uk-indices/77338-ftse-100-futures-trading-tips.html
"You say 'Maybe, may, maybe this will happen, we might do this'
If you want to CALL trades say
Entry:
Stop loss:
Exit:
Otherwise stop half calling the markets by saying
'Maybe the FTSE will go up, maybe it will go down, maybe we will stay flat... Its possible that the US market will lead, its possible that the US market is leading again'
Then after
' Right enough, the US markets lead'
Stop all that rubbish and call the markets or don't bother.
__________________
Me = Teh Future of Futures."
I just want to make it clear Mr Lakhan, I am not against you at all. I welcome every individual on here who shares there analysis with charts or variables, justifying the reason to take the trade. I along with several others have asked you to share your analysis but you still haven't worked out how to upload one from your bloomberg terminal.
I think you intend on giving vague/ambiguous/obscure analysis in order to make sure you are never wrong(which means you are never held to account).
I have come to the conclusion that you are not a fund manager, because a fund amanger would not short the market for 30 minutes. I think you have set up a little private equity fund with your friends/colleagues and are trying to recruit new customers/followers in order to drum up business. That is fine, i just wish you would be honest with us all and promote your business elsewhere whilst sharing your analysis with us too.
you are more than welcome here my friend, please post entry, exit and stop loss levels as it helps the newbies understand how to trade the markets.
I apologise if I upset you but I had an email from an individual who lost £2000 by following your call, I think maybe because he didn't know when to get out as you didn't post a stop loss, so I was compelled to write this message.
once again my sincere apologies If i have upset you .......
Lets start off on a new note on moday by posting entry, exit, stop loss etc.......
thank you