FX:AUDNZD   Australian Dollar / New Zealand Dollar
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$AUDNZD: Entry, SL, Target as per posted parameters.

- Check link: for recent analysis.

- On record: Trade #xxxx1236 in MT4/FXCM accnt.

- Not published on Twitter or any other social media)

David Alcindor
19 DEC 2014 - Quick Note:

Although price initially reacted well to Point-5 of the pattern, and remained above the tight SL, this one example proved the pattern invalid.

A tight SL made this a not-so-painful trade.


David Alcindor
+3 Reply
02 DEC 2014 - Update:

Another downer for $NZD: Milk price fall for a third consecutive times. This is viewed as a $NZD bearish fundamental event, as it negatively impact the export revenue of the country:


$NZDUSD = Bearish




$AUDNZD = Bullish




David Alcindor

(Source: https://www.globaldairytrade.info/en/product-results/)
Reply
30 NOV 2014 - Fundamental news:


* * * Bearish for $XAU / $Gold and positively correlated Forex pairs: $AUD, $CAD * * *


From Twitter:
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77% Swiss rejected plan to force CB to buylarge $gold quants at 20% reserve.

Bearish pressure on commodity #forex pairs:

$AUD and $CAD vs. $USD
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David Alcindor
+2 Reply
kmk.msp 4xForecaster
@David. Whats new about this AUDNZD and GBPCAD
+1 Reply
Hello @kmk.msp - $AUDNZD:

Waiting for 1.07398. Stop-lossed on (too) tight Entry parameters.

Outlook remains bullish ONCE 1.07398 gets hit. If price falls and continues below my SL, I'll move on.

FYI - SL can only be defined based on the percentage of trader's risk of loss/risk tolerance, which is a function of the trader's total asset and risk perception. I recommend a standard 1.414 extension from prior swing as my parameter, then define a position size based on the acceptable loss.


David Alcindor
+3 Reply
IvanLabrie 4xForecaster
Great insights on SL placement and position size, thanks David.
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27 NOV 2014 - Update:

From Twitter:
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$AUDUSD completes geometry at Point-5; Favors Bulls; Target intact:



via @tradingview | $AUD $USD $XAU $Gold #forex
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David Alcindor
+1 Reply
27 NOV 2014 - Update:

From Twitter \ $NZDUSD Thread:
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$NZDUSD Bearish - Weakness in $NZD would certainly help our lofty $AUDNZD forecast:



@tradingview $NZD $USD $forex
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David Alcindor
+1 Reply
27 NOV 2014 - Trade Update:

SL @ BE

David Alcindor
Reply
IvanLabrie 4xForecaster
Beautiful ;)
A rare gem, with SL and TP...thanks David.
+2 Reply
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