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by Ashraf Laidi
Posted: Jun 15, 2009 12:47
Comments: 98
View Hot-Chart
This thread was started in response to the Hot-Chart:

CADJPY's Next Target

 
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Steven Blyth
London, UK
Posts: 148
15 years ago
Jul 28, 2009 11:58
Thanks. Currently shorting GBP/JPY to those levels.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 28, 2009 11:07
Steven, i agree, consider selling CADJPY and even buying USDCAD at these levels. AUDJPY 79.30s is a substantial resistance. once again... stick with shorting GBPJPY.

Ashraf
Steven Blyth
London, UK
Posts: 148
15 years ago
Jul 28, 2009 11:02
Dema, Ashraf,

Could this translate to short term weakness against the USD for other commodity currencies such as Aus, Nzd. Why not Short CAD/JPY? Curious.

Steven
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 28, 2009 10:34
forextrader, good luck that sounds good. from what i see these past months, your trades have been fairly succeessful. keep it up !

Ashraf
forextrader
vologda, Russia
Posts: 127
15 years ago
Jul 28, 2009 8:56
Hi
I entered the market today with 5 standard lots long USD/CAD at 1.075 target 1.14-1.15. Hopefully we will get there in the next few weeks ahead.
Wish me luck guys.

Dema
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 22, 2009 11:51
Gun, although we hit 1.0960, we needed to close above 1.1028 (76%) retrcmt) to keep away the shorts, which we did. i see a ncie opprtnty to buy some USDCAD here for 1.1120

Ashraf
Gunjack
London, UK
Posts: 1184
15 years ago
Jul 22, 2009 10:33
USDCAD taking a pounding...where do poeple see the floor on this?
Qin
Jonkoping, Sweden
Posts: 492
15 years ago
Jul 21, 2009 21:17
Hey, Ashraf
I am not so good on trading FX, especially in this choppy price season.
So my strategy is very simple like long CAD; AUD and NZD, because if I get caught, then I can wait for a long term....we all know that in a long term USD will go decline.

I like to read your comment because you are so a good timer!!!

Best regards
Qin
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Jul 21, 2009 16:23
Qin, if you're buying CAD on the expectation of 100 oil, then these day to day moves should be of no consequence to you..considering the time element.


Ashraf
Gunjack
London, UK
Posts: 1184
15 years ago
Jul 21, 2009 14:49
@Qin I was short USD/CAD @ 1.1105, the way it keeps fluctuating I feel there is real res to this pair hitting 1.09
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