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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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DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 23, 2011 21:18
see, you haven't seen price hit the 127% external ret of the last swing down so you jumping the gun assuming a new high is made yet. Double top will catch you wrong footed sometimes but more often than not price will extend to 127% once the previous high is exceeded which it is.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 23, 2011 21:03
Chloe no, yer ass about tit. Upside down. The 127.2% fib external ret of last swing down on daily would be at 9833 which is clustered with my previous 127.2% sym ext at 9849. Remenber the 100% symmetry target I projected which price reached. Well now the extended target is up for challenging and the later projection measuring the last swing down is further reinforcing the extended target area. 9833 to 9849.
Nor
Lemberg, Canada
Posts: 249
13 years ago
May 23, 2011 16:29
1.05...good place to long AUD to test the recent highs
chloethebull
halifax, Canada
Posts: 1183
13 years ago
May 23, 2011 15:56
hi dave,im using a fib tool thats offered on cmc markets.ive loaded in my usdcad pair,idetified my bottom-top and its showing the 23.8% retrtacement is .97612 ...then the 38.2%=9740..50%=9719...61.8%=9700level...78.6%=9676..100%=9639..in marks vid he doesnt talk much about the 100%retracement but goes to 127% extention once the important 78.6 has given way.im using the may20th low+may23highs to get these levels.can you tell if on the right path lol.thanks gl:)
chloethebull
halifax, Canada
Posts: 1183
13 years ago
May 20, 2011 13:15
look @ the strength in $cad still climbing ..but then look @ eur$ it jumps off 14210level to 14240 and no drop in cad lol..should be interesting going into cad data i think somthing is going to move very fast @930am..gl/gt:)
chloethebull
halifax, Canada
Posts: 1183
13 years ago
May 20, 2011 13:02
next up cad retail data ex-0.9% ve pre-.4%..not sure if its going to be pos+ print.i think neg # on its way so im adding on any $cad pull back with s/l 9650:)gl/gt:)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
May 19, 2011 16:17
is silver falling again?.. if it goes under 34 then will go under 30 next.. and then go under 25 and maybe even 20 a little later..
Nor
Lemberg, Canada
Posts: 249
13 years ago
May 18, 2011 17:46
ill wait patiently :)
thanks again
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
May 18, 2011 17:41
Nor, yep sure, no problemo. Will be later today as I need to play through whole video to pick up on any pertinent additional comments.
Nor
Lemberg, Canada
Posts: 249
13 years ago
May 18, 2011 17:33
DaveO, could you add my email to that list..... onbberry@yahoo.ca
tia
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