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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Ashraf Laidi
London, UK
Posts: 0
15 years ago
Feb 28, 2010 0:43
AUDNZD fell 90 pips on friday before rebounding. We may see more of this pattern next week (and probably the next week) before renewed declines. The market does not wait for anyone. And some moves do not come fax or telegraph.

we should see more from this pair.

Ashraf
FXman
Massachusetts, United States
Posts: 5
15 years ago
Feb 27, 2010 22:51
Hello NewPip,

I might have misread what Ashraf said, but I assumed the second price, i.e. the lowest level that he specified :1.26 , to take effect sometime AFTER tuesday's meeting or anytime forward ( I am a total fx novice so my analysis is probably utterly flawed !! ).

In any case, here is what Ashraf said , regarding price points " we expect further declines to extent to wards a preliminary target of 1.2760 next week followed by 1.26. Any upside is seen limited at 1.2945 "
New Pip
birmingham, UK
Posts: 84
15 years ago
Feb 27, 2010 22:17
FXman,

I am also very new, so my comments may not have much weight compared to the Top Guns on this forum.

I am in the AUD/NZD trade and have a feeling the price may go up on Sunday, but the downtrend will remain. It is ultimately your call. if you were to enter now at current price, You need to ask youselve
1) where the price may pullback to
2) how much are you willing to lose

Or you could wait and see if you can get a better price on any pullback. Hope that helps.

BTW - where di you get that the downside will commence from Tuesday. I did not see anything from Ashraf. Maybe I missed something??
FXman
Massachusetts, United States
Posts: 5
15 years ago
Feb 27, 2010 20:08
Hello there, I am VERY new at trading currencies. I want to enter this trade , shorting AUD/NZD. From what I understood from Ashraf's analysis, that the price downside action won't start till tuesday. I am just wondering if i should enter the position (shorting) at 1.2814--most probably when market reopens, or can i perhaps wait it through monday, maybe price would shoot a bit higher...any feedback is greatly appreciated ! ( Sorry if this questions seems too much like a beginner's ! )
FXman
Massachusetts, United States
Posts: 5
15 years ago
Feb 27, 2010 3:44
Hello there ! I am still a newbie ! I was just wondering if a Negative Divergence signal happens very commonly, or not so often.

Thanks !
New Pip
birmingham, UK
Posts: 84
15 years ago
Feb 26, 2010 20:17
Ashraf,

You are too Good. Absolutley eyewatering. Amazing calls as always.

Janice I'm hoping it goes back up to 1.2845 area so I can short again :). Will be looking to trade this all week. until 1.26 as Ashraf has stated. Good Luck
montmorency
Abingdon, UK
Posts: 610
15 years ago
Feb 26, 2010 18:51
I've commented elsewhere, but just to repeat, outstanding call. Thanks for this and everything else contributing to a great week Ashraf.
Ashraf Laidi
London, UK
Posts: 0
15 years ago
Feb 26, 2010 18:09
yes, guys, just look at the divergence on that AUDNZD HotChart. it is a WEEKLY divergence, and is WELL POSITIVELY CORRELATED w/ stocks. so 1.27 is prelim target (just to secure your money) before going to 1.26


Ashraf
janice
Singapore
Posts: 2
15 years ago
Feb 26, 2010 17:52
Hi Ashraf,
thanks. Good call. Got some pips from this AUDNZD. Low today 12760 as you said. Seems like you are the market!! Well hold to 12600 the next level you see?
TRFoti
Tirana, Albania
Posts: 2
15 years ago
Feb 26, 2010 17:14
Nice trade Mr Laidi.

I got some pips from there.

Keep going.
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