Forum > View Topic (Hot-Chart)
by Ashraf Laidi
Posted: Feb 25, 2010 18:11
Comments: 168
View Hot-Chart
This thread was started in response to the Hot-Chart:

AUDNZD Looking for a Turn

 
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Peggy
California, United States
Posted Anonymously
14 years ago
Mar 3, 2010 8:25
Sticking with my AUDNZD short. Ashraf's analysis has been dead on usually and I plan to hold this position for at least two weeks. Looking at the weekly chart, it appears this pair takes a few days to turn around anyways...

GL to all :)
brizzy
Canada
Posted Anonymously
14 years ago
Mar 3, 2010 5:48
Ashraf, given the break of the 2008 high at 1.2965, which was a technically significant event and would suggest further gains should follow, plus considering the positive 'carry' and fundamental outlook which should continue to support the uptrend, are you now as comfortable with the short position as you were when producing the hot chart? I am looking at the 4 hour chart and I see overbought signals; however the above concerns me to be short so I would appreciate your view now that we have broken higher than you initially thought we would. Thank you, Alastair
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Mar 3, 2010 2:50
Peggy

technically it looks like audnzd could decline to 1.294 - which is the support line for this current uptrend.
further lower - i am not sure - will need some bad news on aud - or some very good news on NZD which is more unlikely of the two.

good luck - its now getting close to your entry as i write
Peggy
California, United States
Posted Anonymously
14 years ago
Mar 3, 2010 2:41
Nzvik, thanks. I am in a wait & see state right now with my 1,2950 short. Rent is due so I can't have this thing draw down too much for too long :)
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Mar 3, 2010 2:36
Peggy

Looks like priced in - no trade for me on this release.
am not convinced on shorting AUD against anything

good luck
vik
radu
bucharest, Romania
Posts: 203
14 years ago
Mar 3, 2010 2:00

Ooooo , not again , i must go to sleep

Peggy ,

I was careless and i posted in gold,oil&indices
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 3, 2010 1:24
Watch the 4-hour chart in AUDNZD

Ashraf
Peggy
California, United States
Posted Anonymously
14 years ago
Mar 3, 2010 0:47
Radu and NZvik,

How are you interpreting this AUD GDP release? Is there a trade opportunity here at 0.9% GDP figure?

Thanks,

Peggy.
radu
bucharest, Romania
Posts: 203
14 years ago
Mar 3, 2010 0:19


OK , i understand your thincking,go in a position after crazy variations.
I understand what is with 1%, but i don"t write in a corect manner .
Thanks and GL
nzvik
Auckland, New Zealand
Posts: 225
14 years ago
Mar 3, 2010 0:05
5 mins is for me - when i don't have any position on a pair which is going to be impacted by major news. I have no position on AUD - so will wait 5 mins after all the noise subsides and the spreads get normal before i enter any trade.

by 1% i meant GDP - if it comes out at 1% then AUD will rally.
Since you are in the trade already - if it goes against you - you should not wait to get out of it.
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