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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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FXHandler
Norway
Posts: 195
13 years ago
Sep 21, 2011 16:38
Catnip, I did EVERYTHING wrong. I am a hopeless trader. But my morgage loan was in CHF/NOK, so I went in on 6.25 last New Year. It was a good top then.
However, it got really fucked up. And with advice from Alaidi, it got worse. Did you see EUR/CHF from 1,102 drop to 1.21 in some minutes. Well, Ashraf never beleived in it.

So.... I should never have contacted him about this in front.
He do not know nothing about NOK currency.
He know ALLOT, He is extremly good in what he do. But, that is only for the major currencies and also the market in general.

I don't know why I ever listened to him and others when it came to NOK.
But now it is done, so now I am done also.
I give up.

Good luck Catnip and others.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Sep 21, 2011 14:00
while risk wains in the wind, as is the eur and other risk currancies chk out $cad 9975 level this is the only thing that concerns me.either risk will get destroyed by fed or dollar is coming down fast??gl/gt:)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Sep 21, 2011 6:16
something to watch for.. could a good short trade..

"..At 1200GMT, the Norges Bank announces its latest monetary policy
decision, followed at 1245GMT with their press conference.."
Alan111S
Melbourne, Australia
Posts: 18
13 years ago
Sep 21, 2011 4:15
@chloethebull My 2c worth. I think this is a combination of short covering and the market positioning itself ready to go either way post-FOMC. If they announce QE3 and it's big enough, we'll see a risk rally (USD lower). If not and they announce something else e.g. Operation Twist, the market will likely be disappointed and USD will rally.

I'm interested to see that the current prices of EUR, GBP, AUD versus the dollar are at levels which are confusing the Elliot Wavers. For example, according to EW services I use, EURUSD should have spiked 1.3445 by now. GBPUSD and AUDUSD could go higher or lower from here.
chloethebull
halifax, Canada
Posts: 1183
13 years ago
Sep 21, 2011 0:54
somthing has to give lol usdcad pressing the highs of the day and eur$ tryn to regain 137xx??risk trying to move back up towards 1209-11 area mayb 1223..good chance if no other news comes out then $$ might go under pressure into fomc but are we seeing a change in bias for remaindr of the yr??ok gl/gt:)
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Sep 21, 2011 0:17
nope.. gap still stands in aussie.. good to short scalp again.. stops should be obvious..
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Sep 20, 2011 23:01
yeap.. buying an leveraged option gives you an automatic stop but for a price of course..
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Sep 20, 2011 22:34
It depends on the instrument you are using and how many percent of your trade account you invest. When you trade leveraged options you can loose 100% but no margin calls. I have never traded NOK in fx only leveraged options in the money.
jacek
Melbourne, Australia
Posts: 2579
13 years ago
Sep 20, 2011 22:25
good point Cat! i would add that either trading fundamental or technical, you must have a stop if you are leveraged!.. for even very good advice can go wrong..
cat0nip
Frankfurt, Germany
Posts: 1632
13 years ago
Sep 20, 2011 22:25
Trading USDNOK you could have made more than 300 pips in just 2 days. Economy in question
NOK falls USD up. EUR in question NOK up. Its simple. I almost every time make money with NOK because I don't care for charts. Only fundamentals.
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