Forum > View Topic
by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:
Commodity FX (CAD AUD NZD NOK)
Discuss Commodity FX (CAD AUD NZD NOK)
The EU summit on expanding EFSF is due today, with Germany leading the Northern countries insistence to require stronger commitments from the peripheral countries before raising their loan guarantees.
An 8.9 earthquake hit NthEastern Japan triggered major tsunami warnings into central America and Hawaii. Nikkei was down as much 5% before ending 1.7% down. EURUSD breaks below 1.3780s and is vulnerable to extended losses towards 1.3580s later in week in the event of a Friday close below 1.3770s.
Ashraf
Ashraf
with time main factor....always an unfolding puzzle without preset hard rules..
return to sender BE is the play if you can take the drawdown...or scalp out here and there...
has been ranging thankfully as planned
key point each lot has accumulated $153.55 swap...every week or so 1 lot banks enuff for additional
margin from lower if trade dips...
daily range 80 avg pips.....
thought worthy of forum..
They can get overly complicated on their corrective sequences sometimes but that is only of academic interest to EW buffs such as myself. I have ways of simplifying potential nightmares :-)
I been rationing my time in the forum in favour of actual trading focus. I hate a lot of bitching and unecessary abuse thrown around, its easy to get dragged in and just wastes time and interferes with trading. I hope Ashraf's planned changes will establish some disciplines and a tight framework going foreward. I sometimes think the forum is looking over the precipice :-)
Another thing, I do NOT GIVE advice. I share my VIEWS and analysis on the site and people can act accordingly if they wish.
AUDUSD testing that imp 1.0020-30s trendline mentioned in the IMTs of the last 3 days.
Ashraf