Comdoll Trading Kit (February 24-28, 2014): Market Preview

What’s in store for the comdolls this week? If you’re planning on trading AUD/USD, USD/CAD, or NZD/USD, don’t forget to mark these potential inflection points:

Significant Levels to Watch Out For

AUD/USD

USD/CAD

NZD/USD

Week Open (WO) 0.8975 1.1103 0.8285
Previous Week High (PWH) 0.9081 1.1193 0.8393
Previous Week Low (PWL) 0.8937 1.0910 0.8243
Top Weekly ATR (tWATR) 0.9064 1.1182 0.8366
Bottom Weekly ATR (bWATR) 0.8887 1.1025 0.8204
Other significant levels 0.9000, 0.8900 1.1200, 1.1100 0.8400, 0.8150

In case you’re wondering what ATRs are all about and how I computed those figures, make sure you check out my entry explaining my trading strategies. And if you’re planning on trading the news for the comdolls, better mark these events on your economic calendars as well:

calendar

Got any comdoll trade ideas you’d like to share? Post ’em right here!

Cheers,

Happy time

Other Popular Articles:

What is the STA strategy? Q2 2013 in Review Comdoll Trading Kit AUD/USD Trade

  • Jake

    I can see the AUD/USD re-testing resistance at .9080 before it moves down again, whilst the NZD/USD to move downwards after getting to the 76% Fib retracement level at .8356. The USD/CAD I don’t see moving above it’s trading high from last Friday.

    • Happy Pip

      Looks like AUD/USD did make a nice run up in the US session and it’s down again because of weak Aussie data. Think my stop at .9100 on my short trade is wide enough?

  • Jake

    .9100 looks like a great place to have a stop taking into consideration the daily high of 13/01/14 which was just under that significant level.

    Good luck 🙂 I think the downward trend should continue over the longer term.

    • Happy Pip

      Phew! Good call on that downtrend, looks like it’s got momentum now. Thanks for sharing your thoughts!