Commodity Currencies: AUD, CAD and NZD | Page 8 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

GBP/AUD, GBP/CAD, GBP/CHF and GBP/NZD thread 126 replies

Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies

best broker for EUR/GBP and AUD/NZD/CAD cross 6 replies

NZD/JPY AUD/NZD basket 3 replies

Attachments: Commodity Currencies: AUD, CAD and NZD
Exit Attachments

Commodity Currencies: AUD, CAD and NZD

  • #141
  • Mar 23, 2010 10:30am Mar 23, 2010 10:30am
  •  Tuner
  • | Joined Nov 2009 | Status: Love it when a plan comes together | 709 Posts
Quoting MarcVUM
A/U tested 9190 but my sentiment still remains bearish. 4hr still showing overbought conditions IMO. Daily candle still below 5ma.
I was stopped out on that one @ 9192
might have been a lil too tight
Now I see it back on the levels where I entered the trade (9175 area...)

Not sure if I should jump on that train again now..assumung it was just some stop-hunting before the big drop... or stay out
"Blue Horseshoe loves Anacott Steel!"
  • #142
  • Mar 23, 2010 10:58am Mar 23, 2010 10:58am
Quoting Tuner
I was stopped out on that one @ 9192
might have been a lil too tight
Now I see it back on the levels where I entered the trade (9175 area...)

Not sure if I should jump on that train again now..assumung it was just some stop-hunting before the big drop... or stay out
Good Question. I have a short in place and expect 9190 to be hit a couple of times to create a good R. My 4hr chart just looks like it's ready to drop and it rarely lies to me.
When this baby hits 88 miles per hour, you're gonna see some serious s***.
  • #143
  • Mar 23, 2010 4:06pm Mar 23, 2010 4:06pm
it seems stocks are going to the moon, as long as risk appetite is in place selling commodity currencies seem fruitless,
I put sell limit order in A/U close to weekly R1 at .9233,
COT is super crowded in bull side, this pair should come down sooner or later, patience is the key
Attached Image(s) (click to enlarge)
Click to Enlarge Name: sfzoo-tiger-prowl.jpg Size: 191 KB
Click to Enlarge Name: au3k.gif Size: 22 KB
  • #144
  • Mar 23, 2010 4:16pm Mar 23, 2010 4:16pm
U/Cad
I have buy limit order at weekly S1 at 1.0078
Attached Image (click to enlarge)
Click to Enlarge Name: uc2a.gif Size: 19 KB
  • #145
  • Mar 23, 2010 4:23pm Mar 23, 2010 4:23pm
Quoting shahab8b
it seems stocks are going to the moon...
Totally agree, the Dow up another 100 points today! I was pulling up some charts and noticed that we could very well be in a 5th wave on the Dow daily chart that began in March of 2009...

Also, we're just a little over 100 points away from 11,000, which I think just Has to be tested now, and it's a nice round psychological number, plus it's been support several times before the market collapsed a couple of years ago... long story short, I think Bears (whichever ones are left anyway) will finally get their move.

The EUR and Pound already have big fundamental problems, and will likely drop a lot more regardless of whether or not the market's sell off... but I see a lot of potential for the commodity currencies to take a nice hair cut, they seem like they have a lot of room to fall (yeah, the fundamentals are good but commodities as a whole should get a nice sell-off... safest trade would be to go back in AUD and CAD on the long side after a big sell-off and hold them medium to long-term if you miss or are too afraid to get in on the possible down move).
  • #146
  • Mar 23, 2010 4:25pm Mar 23, 2010 4:25pm
I try not to speculate much just put the right order at the right place,if it gets there is fine, if not, no harm at all
Gold:sell limit at 1118
Attached Image (click to enlarge)
Click to Enlarge Name: gold 2.gif Size: 20 KB
  • #147
  • Mar 23, 2010 4:28pm Mar 23, 2010 4:28pm
Quoting thadakman
Totally agree, the Dow up another 100 points today!...
hi thadakman, nice to hear from you after a while,
as you said they will come down, sooner than later, we all know when they remove the stimulus package the fall starts
  • #148
  • Mar 24, 2010 2:51am Mar 24, 2010 2:51am
Quoting shahab8b
we all know when they remove the stimulus package the fall starts
Ya, the house of cards should come down pretty quickly then lol...

I have a feeling we're going to rollover after this quarter ends... so early April... actually, now that I think about it, I believe we're going to be hearing about a bunch of problems from Ireland in April also... it'll be Greece Part 2!

That should at least take the market (and commodity currencies) down with it for a few days at least, it's just too hard to keep this beast of a market down any longer than that.
  • #149
  • Mar 24, 2010 2:58pm Mar 24, 2010 2:58pm
Here we go! Market short NZDUSD @0.7020 stop loss @ 0.7080 and take profit @0.6600.
Good luck for all! I will be posting a chart later.
  • #150
  • Mar 24, 2010 4:48pm Mar 24, 2010 4:48pm
Head & Shoulders reversal in A/U and U/Cad
Long USD seems good to go
Attached Image(s) (click to enlarge)
Click to Enlarge Name: uc4a.gif Size: 16 KB
Click to Enlarge Name: au4a.gif Size: 16 KB
  • #151
  • Mar 24, 2010 11:03pm Mar 24, 2010 11:03pm
sell Kiwi at S>R / 23% fib at .7030 SL=.7100 TP=.68
Attached Image (click to enlarge)
Click to Enlarge Name: nu2.gif Size: 20 KB
  • #152
  • Mar 25, 2010 2:01am Mar 25, 2010 2:01am
Quoting shahab8b
Head & Shoulders reversal in A/U and U/Cad
Long USD seems good to go
Beautiful charts there! ... now let's see if the USD can rally for more than a day; looks to still be resting as of now lol.
  • #153
  • Mar 25, 2010 7:57am Mar 25, 2010 7:57am
what are your positions in Au???

Ub
  • #154
  • Mar 25, 2010 3:07pm Mar 25, 2010 3:07pm
Quoting ubaidahsan
what are your positions in Au???

Ub
I'm A/U short from .9130 SL=.9210 TP= 90, 8850
Attached Image (click to enlarge)
Click to Enlarge Name: au4e.gif Size: 20 KB
  • #155
  • Mar 29, 2010 9:50pm Mar 29, 2010 9:50pm
Heads up!

Check out the daily chart for AUD/CAD guys, we may finally have a break to the upside out of the triangle (I've been watching this for a while now... I'll likely go long on the first decent pullback after a breakout is indeed confirmed; it's literally perched there ready to move (or just go right back down to the lower range of the triangle at 0.9285ish.
  • #156
  • Mar 30, 2010 8:25am Mar 30, 2010 8:25am
what are your trades now??

Ub
  • #157
  • Mar 30, 2010 8:45am Mar 30, 2010 8:45am
Quoting ubaidahsan
what are your trades now??

Ub

I don have any open trade on commodity currencies atm.
  • #158
  • Mar 30, 2010 8:50am Mar 30, 2010 8:50am
Quoting thadakman
Heads up!

Check out the daily chart for AUD/CAD guys, we may finally have a break to the upside out of the triangle (I've been watching this for a while now... I'll likely go long on the first decent pullback after a breakout is indeed confirmed; it's literally perched there ready to move (or just go right back down to the lower range of the triangle at 0.9285ish.
hi thadakman, interesting pattern , but I think breakout might be in any direction.
Attached Image (click to enlarge)
Click to Enlarge Name: ac.gif Size: 14 KB
  • #159
  • Mar 30, 2010 9:40am Mar 30, 2010 9:40am
Quoting shahab8b
hi thadakman, interesting pattern , but I think breakout might be in any direction.
Yeah, can definatley break out in either direction; it looked to be poking out (possibly starting a breakout) on the topside but since has pulled back 20-30 pips... looking at the price of the CAD to the USD and the AUD to the USD, it's hard to say which can fall more... 300 pip moves would but USD/CAD around 1.05 and the AUD/USD around 0.89 (both seem about right right when USD gets a good pop and I don't really see one breaking away a lot further from the USD than the other; unless bad news comes out of China (which would likely affect the AUD more).

Thanks for posting that chart for everyone else to see what I was talking about btw... I haven't been including any charts in my posts yet but may in the future.
  • #160
  • Mar 31, 2010 10:51pm Mar 31, 2010 10:51pm
Quoting thadakman
Yeah, can definatley break out in either direction; it looked to be poking out (possibly starting a breakout) on the topside but since has pulled back 20-30 pips... looking at the price of the CAD to the USD and the AUD to the USD, it's hard to say which can fall more... 300 pip moves would but USD/CAD around 1.05 and the AUD/USD around 0.89 (both seem about right right when USD gets a good pop and I don't really see one breaking away a lot further from the USD than the other; unless bad news comes out of China (which would likely affect the AUD...
Hi thadakman, I try to post here from time to time but I mainly post on my other thread "Weekly COT analysis+Trade ideas" ,you can take a look at that thread and post your charts whenever you get a good trade set up so everyone can see.
1 trader viewing now