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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
Jan 28, 2011 20:40
I don't mind 50% decline in indices :-)
Ashraf Laidi
London, UK
Posts: 0
13 years ago
Jan 28, 2011 20:30
Chloe, see how Gold/ Oil Ratio tumbed back to 15.02. This is not supposed to be bad for stocks. It is good. But I think we need to get over this weird market dynamics as Safehaven buying is boostong bonds, gold, oil and USD> Need to see air clear a bit.

But whats important is that this G/O ratio worked as a GOOD TRIGGER for me on Sunday evening to tell you about upcming stock selloff. We just need at least 6-7% decline in indices.

Ashraf
chloethebull
Canada
Posted Anonymously
13 years ago
Jan 28, 2011 20:10
lol usdx moving up nicely78.30 hopfully it continues:) comon 80 gl have a good weekend:)
chloethebull
Canada
Posted Anonymously
13 years ago
Jan 28, 2011 20:03
thanks dave helps the newbie to get some validation on what the charts are saying...plus it will give me better entry/exit executions..ohh the quest tio becoming a better trader..attending that workshop was the best thing i could have done,met some really great/smart pl..ok have a great weekend:)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 28, 2011 19:55
Yoni. HVN= High Volume Node. Market profile terminology for horizontal volume point of control in the bell curve formation. We discussed this on the cad a few weeks ago.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 28, 2011 19:52
They are used a lot by scalpers on the smaller timeframes.
Yoni
Turku, Finland
Posted Anonymously
13 years ago
Jan 28, 2011 19:50
HVN?
DaveO, you following FT71?
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 28, 2011 19:50
bollingers or keltner channels suit some instruments but it rather depends what wave the sob is in. They are ideal for trading sideways action. Thing is to try them on the usdcad and see what it looks like.
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 28, 2011 19:46
Chloe, yep I think you gottit. It spent enough time testing that important HVN and now breaking away north. Also, you have ashraf on your side. Just be sure to stick to some sensible trade management along the way to suit your risk control and the price action you see developing. Always try to remain open minded, what if this and what if that (what if ashraf is wrong lol, what if you are wrong)
chloethebull
Canada
Posted Anonymously
13 years ago
Jan 28, 2011 19:26
also dave do u use bolinger bands?i do i find it helps me..gl:)
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