I noticed a strong correlation with EUR/AUD-AUD/USD in the past week, until today, when I played a long on A-U, and both pairs went short. (see Ivans thread for gory details).
Idea Origination
- Thread starter btowntrader54
- Start date
Here's the link for that overlay tool...
http://codebase.mql4.com/2757
Oanda's quotes are garbage today
http://codebase.mql4.com/2757
Oanda's quotes are garbage today
A couple charts to follow up on ideas.
Long EURAUD with a tight stop on a breakout play.
Short NZDUSD on a trend-following play.
Long EURAUD with a tight stop on a breakout play.
Short NZDUSD on a trend-following play.
Hi
Any thoughts on the loony. Its gone up a little maybe a better entry for a short??
I closed my NZD short GDP wa better than expected, I will re-enter on a pullback to new resistance 5150. Hopefully it will get there.
Any thoughts on the loony. Its gone up a little maybe a better entry for a short??
I closed my NZD short GDP wa better than expected, I will re-enter on a pullback to new resistance 5150. Hopefully it will get there.
I closed out all my positions until Sunday. NZD and EURAUD.
Looney wants to appreciate... it's begging to. I'd prefer to see a close above 2375 on a daily but I'm probably going to enter a short on Sunday once I see where it opens. I like the looney against the USD for a long term holding as well.
After taking a look on a weekly chart I'm a heavy short.
GBP is ridiculously overextending itself on 2 fronts GBP/AUD, GBP/NZD. Those are serious short candidates (if you can handle whipsaws)
Thanks for the heads up....
GBPNZD looks ripe up in the 2.88 - 2.90 range
Mark my words, within the next week, GBP/NZD will touch (or be very close to or even below) 2.70.
I'd be surprised to see 2.70 but I could definitely see mid-70s. I'm opening a short once I watch it open, hopefully run up a few hundred pips to 287.