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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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PippedOff
Canada
Posted Anonymously
14 years ago
Mar 3, 2010 15:31
@chloe-USDCAD got crushed. You still in?
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 3, 2010 15:30
Sorry guys for not coming in earlier on AUDNZD. i made few updates on AUDUSD on twitter. AUDNZD continues to break out of that 1.30 resistance putting this trade deeper in the red. But bear in mind that AUD is unable to push to new highs vs USD and JPY which could signal a retreat in the AUDNZD later this week on the same rationale.

LATEST IMT http://www.ashraflaidi.com/ forex-news/

Ashraf
chloethebull
Posted Anonymously
14 years ago
Mar 2, 2010 20:10
i don;t think hoenigs statements ever received sooo much coverage as its getting today..looks like the usd ppt has been called into play...raming the air waves with hoenig..hopfully this is the top for gold an we head to 1100..gl all
chloethebull
Posted Anonymously
14 years ago
Mar 2, 2010 19:39
usdcad looks like its trying to catch a bid//
Desi
UK
Posts: 69
14 years ago
Mar 2, 2010 19:32
reading through these posts I see many examples of what looks like traders overlooking risk and money management. There are fundamental pillars of trading. Cant do with out them
Ashraf Laidi
London, UK
Posts: 0
14 years ago
Mar 2, 2010 19:10
AUDNZD momentum is accelerating past the 1.2933 resistance testing the 2000 highs. RSI pushes to highest since Jan 2009. A risk-friendly environment in Asia could further drive the pair to 1.3030. I warned about the possible overshoot prior to any retreat and we are getting ot.But 1.3030 is next key resistance

Chloe, careful about adding on to losing positions; even when you feel market is turning around in your favour. That could be dangerous in margined FX trading.


Ashraf
chloethebull
Posted Anonymously
14 years ago
Mar 2, 2010 18:45
srry karen..i mean im still long an just added another short @ 11136..
alec
Sofia, Bulgaria
Posts: 5
14 years ago
Mar 2, 2010 18:43
Is the GBP the biggest looser vs CAD over the past few days, or am I wrong? Ashraf, any thoughs abt this pair would be greatly appreciate, although I already take my loss at 1.59
Thanks and gl everyone!!
Karan
Singapore, Singapore
Posts: 83
14 years ago
Mar 2, 2010 18:41
@ chloethebull.....long?? i thought you were short?
chloethebull
Posted Anonymously
14 years ago
Mar 2, 2010 18:40
@karen..im still long an just added anothere position..fingers crossed hoenig interveiew was just on cnbc..gl all
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