DislikedPanicked? Hmm.. or simply a technique to move the currency lower, so that its a BUY on dip?Ignored
- Joined Mar 2007 | Status: Fundamentally Technical | 4,446 Posts
Patience + Humility + Study = Success
Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies
How to find out why the euro is strong or why the dollar is weak? 8 replies
Gbp/nzd,gbp/usd,nzd/usd analysis 3 replies
trading gbp/nzd with nzd/usd overlay 6 replies
NZD/JPY AUD/NZD basket 3 replies
DislikedPanicked? Hmm.. or simply a technique to move the currency lower, so that its a BUY on dip?Ignored
DislikedDid you have a good reason for doing this? Carry trades are still going to be pretty strong with NZ interest rates as high as they are.Ignored
Dislikedrbock
Good points all, but saying it's "only the carry trade" is like the captain of the Titanic saying "Its only the iceberg". So long as carry is king the NZD will skyrocket, we need BoJ hikes, and risk aversion to sweep the globe. Otherwise, lather, rinse, repeat.Ignored
DislikedSo, Are you still short at 46 going for distant thunder with wide SL or did you get stopped out on the rise back to 70? Looking at the 1H chart, it all seems to be bouncing between the top and bottom Fib retracements from the .7784 slide to .7714, which are .7769 and .7741.
Am I reading that right? I'm pretty new at all this so excuse me for asking ignorant questions.Ignored