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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3119
Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)
 
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catnip
Frankfurt, Germany
Posted Anonymously
13 years ago
Jan 4, 2011 16:31
i said commodity bulls beware
deflation deflation deflation deleverage deleverage ... no chance for another commodity bull run
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Jan 4, 2011 11:46
@forextrader, i didn;t close my short postion:) but i did do my sacrficial trade an after i closed out my higher blocks for small profit it imidiatley droped:(any ways it was the correct move as my position was wayy to high for this trade.just on cnbc apparently chile did a 12bil purchase of usd to help stop the rise in the peso could this be the new way to help level the playing feild when us gov devalue the usd?thanks an gl:)
Qingyu
manchester, UK
Posts: 1763
13 years ago
Jan 4, 2011 11:22
sorry, short usd
Qingyu
manchester, UK
Posts: 1763
13 years ago
Jan 4, 2011 11:21
chloe, you should only take advise from a single person(ashraf) on this forum, and do all timing job yourself.

Never trust anyone, even yourself. imo, trading just like a cat walk through many big dogs...

you can not short aussie with catnip and me, and suddenly long usd with forextrader. that would certainly kill yourself.
forextrader
vologda, Russia
Posts: 127
13 years ago
Jan 4, 2011 6:34
@ Dave Chole
I closed all my USD short few hours ago, i think there is some sort of US Dollar correction.
chole i am sorry about how it did turn out for you, the moment you closed your Aud position, the Aud collapsed 200 pips. unlucky my friend.
chloethebull
Canada
Posted Anonymously
13 years ago
Jan 4, 2011 2:21
@daveo, the charts u use would they be the same as the ones i use @cmc markets?or mayb its u know how to use them lol..aususd 1.0120 holding from last week dip..ok gl & thanks:)
abundance
Singapore, Singapore
Posts: 27
13 years ago
Jan 4, 2011 2:08
Chinese premier visited supermart in Inner Mongolia during New Year day for a 1st hand feel of prices. Chinese economists expected PBOC to further raise interest rate in 1st half of 2011, else inflation cld hit 10%. Chinese history showed runaway prices often caused downfall of government.
chloethebull
Canada
Posted Anonymously
13 years ago
Jan 4, 2011 0:41
@daveo, thanks for your insight on usdcad...very interesting learning about(hvn-poc) will start to learn, watch &use it more often:):) ...yes nfp should prove to be volitile an fomc minutes as well.remember the dec minutes were very bearish for usd i actually think fed add more bearishness to the mantra "low rates extended period of time"when brought in qe2 but dx rallied right after its announcment.. i can;t help thinkn usd sentiment has changed funde, not that its warranted but it is becoming old news an its time for new story an theres no shortage of other candidates:).but like i said prob best i wait an see when market volume is back to normal,yes i noticed that sharp drop near the end which is what i thought would have happened going in to end of 2010:( an i agree 100% the week will be choppy an its exactly what we need to get a clear sign of direction for beginning 2011..a lil shake up:) nice chattn an thanks:)
DaveO
UK
Posted Anonymously
13 years ago
Jan 3, 2011 21:28
phew Chloe, we could discuss that lot for a coupla hours :) and I am only 1 year into forex correlations etc and still learning !

On the usdcad chart, it tested this level on the 23rd April 2010 and immediately bounced. Now its testing again. This level is slighly below the HVN poc (point of control). You could say the HVN spans from 1.0160 to 0.9860 with the POC in the middle. Being below the POC poses very high downside risk and a break could be literally vertical. Nothing is ever certain, only testing at mo but the bias has to be to the downside unless the blighter bounces back above the POC again. What I can say for certain is this is not the right place to enter long trades, risk is far too great for long positions.

Yes, volume should be back to normal by Monday and we have the all important NFP on Friday. Breadth on the NYSE has been higher today for risk appetite but it took a bit of a dive into the close suggesting a lot of covering rather than strong trend. SPX was up 1.13% today. Bid/ask delta on the NYSE ended pretty strong. My guess is this week will be choppy in the markets :-)
chloethebull
Canada
Posted Anonymously
13 years ago
Jan 3, 2011 20:58
@daveo,also if every1 attention is fixed on eur gbp jpy would it allow them to sneak in plays on less noticable pairs like aud-cad ect?thanks:) not much of a pull back off todays high just a lil profit taking:( thought it would be sharper..gl:)
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