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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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chloethebull
Canada
Posted Anonymously
13 years ago
Jan 3, 2011 20:55
@daveo, looking @ currancies like aud-cad-chf are these easier to move(manipulate) over the bigger ones like eur-gbp-jpy.an if cad &aud stay strong won;t that effect there own economies neg-.i know it hurts cad economy an usually with strong cad carney&flarety usually step in to weaken off its strenghth.i still think its a balancing act taking place albeit we are over shooting to the downside on cad but isn;t the over all market volume still light with aud jp an gbp ect still on holidays?an when u mention hvn can that be manipulate with light volume on smaller currancies like aud- cad ?im trying to figure out how such strong moves are taking place in current markets..thanks an i appreciate ur recommendation on differnt trading books:)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 3, 2011 20:43
Looking like it dipped a toe in the water and took fright :-) maybe tomorrow ?
forextrader
vologda, Russia
Posts: 127
13 years ago
Jan 3, 2011 18:58
Chole some time you win some time you loss. The most important is you learned from this lesson
As Dave pointed out earlier USD/CAD short is looking very good you can enter short with tight loss around 0.9930
And leave it to play out. It could go all the way to 0. 90 i.e approximately 1000 pips from here.
Who knows maybe?
chloethebull
Canada
Posted Anonymously
13 years ago
Jan 3, 2011 18:32
nice trades guys i closed out my positions with a big lose:( any ways glad u guys are making money ..take care
forextrader
vologda, Russia
Posts: 127
13 years ago
Jan 3, 2011 17:37
Yes Dave short USD/CAD and short USD/CHF is very attractive ( with tight stop above the last 4 hour candle and sit there and book your profit)
DaveO
N.Cornwall, UK
Posts: 5733
13 years ago
Jan 3, 2011 16:40
usdcad breaking down below HVN of early-mid 2008
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Dec 30, 2010 19:44
@forextrader,nice trade my orders were not reached thought we would move closer to 1.0100:(any ways mayb next time:)gl
forextrader
vologda, Russia
Posts: 127
13 years ago
Dec 30, 2010 19:32
@chloethebull
i booked my profit in short Aud/USD, very good trade. . i did go down almost 100 pips from it is hight as i told you last night.

i still projects 1.043 for this pair but nohing certain. we shall see.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Dec 30, 2010 19:27
nothin more frustrating than getting pos+$$ fund an yet the ppt has the ability to stop any selling in its traxs :( but when the trade goes against me it moves fast :( murphy get outta my head :)gl
Rezz
Vancouver, Canada
Posts: 53
13 years ago
Dec 30, 2010 19:25
chloe, i have a feeling that usdcad is going to get stronger before it weakens. Technicals point to cad strengthening a few % above parity before reversal. I also look at what is going on with AUDCAD as well to judge if people are buying/selling aussie, or buying/selling cad. seems AUD was being sold off when it hit 1.02 against the USD, but not cad, so this is a bad sign if you want to go long with USD/CAD at parity again.
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