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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)
 
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Dec 13, 2010 19:34
I keep AUDUSD short
AUD ranks second in absolute strength after EUR however this could be a PBOC effect after all their message sounds dovish . USD is the weakest major today but recovering
and after all head and shoulders is Proctor&Gamble
what chart astrolgists do not get is that AUDUSD 1.00 at some date of the past is not the same 1.00 today.
catnip
Frankfurt, Germany
Posted Anonymously
14 years ago
Dec 13, 2010 19:11
no the 10 y yield drops so it makes sense
loudsleeve
United States
Posted Anonymously
14 years ago
Dec 13, 2010 19:03
couple of reasons, first would be ashraf and his insight on the fundamentals and generally indicating usd strengthe. secondly the head and shoulders still in tact with a psycological level of 1.0000 being involved. this short just looks real nice right now , but there are other opportunities available such as the weaker NZD/USD. usd/jpy selling off as us 10yr yeilds hit highs, doesen't make sence
mo
liverpool, UK
Posts: 123
14 years ago
Dec 13, 2010 18:55
Thanks loudsleeve

Why are you bearish AUD /USD? base on Is technical or fundamental?
I was short Aud/Cad at 0.985 but unfortunately I been closed out with big loss couple of minutes ago .
loudsleeve
United States
Posted Anonymously
14 years ago
Dec 13, 2010 18:54
typically after an hourly close with a HEAD FAKE, the next candle sells off, normally at the open, lets see
loudsleeve
United States
Posted Anonymously
14 years ago
Dec 13, 2010 18:53
oh this is gonna be soo beautiful, just wish i had more margin available
loudsleeve
United States
Posted Anonymously
14 years ago
Dec 13, 2010 18:39
if aus/usd fails to break parity again it is doomed. keep in mind there are brokers and banks looking to take you out, don't use a stop @ 1.0005 , give it some room to breathe, at minimum 1.0020 please
loudsleeve
United States
Posted Anonymously
14 years ago
Dec 13, 2010 18:32
this may in fact be the perfect short entry, hardley any risk involved.
loudsleeve
United States
Posted Anonymously
14 years ago
Dec 13, 2010 18:30
keep short untill parity plus 10-15 pips above parity. watch for head fake on this hour's candle, if there is selling into 2 pm est may be the head fake.
mo
liverpool, UK
Posts: 123
14 years ago
Dec 13, 2010 18:28
hi guys
i closed my short Aud position with big loss. i am considering going long Aud/Usd, any thought?