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by Ashraf Laidi
Posted: Feb 22, 2010 5:00
Comments: 3117
Forum Topic:

Commodity FX (CAD AUD NZD NOK)

Discuss Commodity FX (CAD AUD NZD NOK)
 
dhussey
United States
Posts: 22
12 years ago
May 1, 2010 13:37
Short both AUD/JPY and AUD/USD...

Gold looks to be putting in an ending diagonal at the 1183 resistance 78% fib... Typically a
good indicator of a reversal in the Elliot Wave world. I am short Gold, and looking to short AUD/JPY as well. I like being short AUD/JPY as it appears US equities are running into STRONG headwind... I can only see the potential for one more push higher in SPX to 1226/1230, unless Fridays low breaks and we fall below 1180... In that case the larger correction has begun.
bojan
Arizona, United States
Posts: 111
12 years ago
May 1, 2010 13:34
Ashraf, GREATFULL for you guidance on SEK/JPY instead of NOK/JPY, (was a question on JPY section) what essentially produced same result but the stops were clearly defined in SEK/JPY (no brainer stop) , and the chart was much more attractive to trade.
USD/CAD tweet Friday morning was a quick candy, market was hesitant for a short period, but then it moved like hot knife through butter.


RESPECT



b.
montmorency
Abingdon, UK
Posts: 610
12 years ago
Apr 30, 2010 15:49
I'm still kind of bullish on AUD/USD, but must admit, it never seems to want to go much above .93, and certainly not .94.



I gathered there had been some shenanigans with misuse of forum names, but didn't really think it could have been PippedOff. Well I hope his cooling off period in the "sin bin" or naughty corner will have had a beneficial effect.
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Apr 30, 2010 14:40
raising USDCAD target to 1.0120 after 1.008 hit

Ashraf
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Apr 29, 2010 22:34
Rehman, look at the daily chart AUDUSD and watch how the top is making a DOUBLE TOP with the Nov15-30 period. This does NOT look it will break successfully.

Ashraf
Shane
Lahore, Pakistan
Posts: 209
12 years ago
Apr 29, 2010 22:32
Short audjpy or short audusd , i am going for audjpy, check it out its at the peak of its existing trend and it needs a correction to move higher, Safe as audusd will probably have a leg down because of chances that RBA may not raise rates this time. usdjpy, Worth noting however is the Shanghai Expo this weekend (May 1) and talk that China will choose the occasion to announce a loosening of the Yuan band - which could help provide the JPY with a better bid tone going in to the weekend. lets see what happens. Any SUGGESTION GUYS.
Ashraf Laidi
London, UK
Posts: 0
12 years ago
Apr 29, 2010 22:26
Pipped off, you were taken out of the forum last month because you were being disruptive and were posting under other people's names like Xaron. (most forum members were not aware of this).

So if you want to talk about the market, then thats fine.

if you will resort to your old ways of taking different personas and disguising under other forum members, then yiu will be taken out. Nobody has time for this nonsense.

I warned you already


CMC Markets does offer GOLD vs AUD

Ashraf
montmorency
Abingdon, UK
Posts: 610
12 years ago
Apr 29, 2010 22:12
@PippedOff: Good to hear from you again. I've missed you as well. Actually I think you disappeared soon after I went away on holiday (away from computers & trading) for a few weeks. Against my better judgement, I left several positions on. During that time I had some big losses shorting cable, but fortunately they were made up for by wins as my gold and Euro shorts came back into the money, so I broke even there, or just made a small profit.

Of course, while you have been "away", that whole GS thing has come to a head.
I've been imagining you chuckling away in the background...

I wish you good trading, and hope to see you posting again in due course.
catnip
Frankfurt, Germany
Posted Anonymously
12 years ago
Apr 29, 2010 21:34
Right one broker - not my broker - offers XAU/AUD but the spread is higher than 2 separate trades .
I am short AUDUSD anyway but also short gold the resistance barrier possibly open interest bullion banks 1170 was 3 times not broken. I think eurozone uncertainties ebbing for now the 2y Greece eurobond which I sold today with some profit is still raising in price and yields on Irish 2y eurobonds drop further. To me XAU long is not sure.
chloethebull
Canada
Posted Anonymously
12 years ago
Apr 29, 2010 21:27
hey pippedoff good to hear from u..im learning a hard lesson this mth but i choose to plasy it this way..im short oil @83 buks had it hit 81.35-81.80(30 contracts) a few times only to have it blast back up i think i missed out on over 10k in profits soo far(prob more) an with 1 day left to trade it don;t look like im getting outta my oil shorts(my target was 80.50)..but i still managed 4k in profits soo far hopfully i get over my mthly average of 5-6k a mth..i was rally thinkn this was gonna be my best mth but wrong..lol..very wrong..yes i too use acct /margin manag an with out i would be loss make that stoped out..lol..but i hope u post more often i like ur take on things lately asad has been helping me out but hes stinngy on sharing exit points..lol..just kidding..it my own fault everytime we get to 81.75 the fundamentals are soo strong that i feel it should go lower to him my target..but it never does..so im hopeing we hit 82-81.50 tomor so i can close out an move on..ok great talkn to ya an gl..have u been doin any trades at all..??