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riclater211 May 17, 2019 10:49pm | Post# 13461

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{quote} Hey All, OK, price is still creeping downward. It is getting really crushed. Downside potential is looking good. Just waiting for that break. - Ric {image}
Hey All,

So price broke my trend line and closed inside my trade box. So I am taking a shot but it is high risk. Went Short and was filled @ 0.65399. Stop and TP are equal @ 65 pips with SL @ 0.66049 % TP @ 0.64742. That target is just above the Powerful October 26th 2018 low that catapulted the NZD up nearly 450 pips.

Fingers crossed.

Have a great weekend,

- Ric
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riclater211 May 20, 2019 7:34pm | Post# 13462

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{quote} Hey All, So price broke my trend line and closed inside my trade box. So I am taking a shot but it is high risk. Went Short and was filled @ 0.65399. Stop and TP are equal @ 65 pips with SL @ 0.66049 % TP @ 0.64742. That target is just above the Powerful October 26th 2018 low that catapulted the NZD up nearly 450 pips. Fingers crossed. Have a great weekend, - Ric {image}
My current trade is stalling. Not sure which way it want to go so for now I will hold on.

- Ric
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elbert3 May 21, 2019 5:51pm | Post# 13463

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riclater211 May 21, 2019 6:56pm | Post# 13464

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{quote} My current trade is stalling. Not sure which way it want to go so for now I will hold on. - Ric {image}
Price pushed to the downside today, helping me secure 4 pips to make this a risk free trade. Now the hope is price makes it down to 0.64742 to net me 65 pips. Today's down move on NZD was partly a result of the -1.2% loss in the average price of dairy products sold at auction. Dairy is a major part of New Zealand's economy at roughly 13 billion NZD (8.5 Billion USD). That is Nearly 18% of the NZD's overall GDP. A drop of 1.2% in dairy is a 1/3 of 1% of GDP which is huge for the NZD. Retail Sales and Core Retail Sales did not fair much better. Although they did not surprise, they are both a lot lower than before. Price should be pushing down further.

- Ric
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KiwiTrada May 22, 2019 1:28am | Post# 13465

agreed 65 is showing weakenss, if it breaks could be good movement south

hayanidania May 22, 2019 2:05am | Post# 13466

Im entered long
TP open

riclater211 May 22, 2019 6:57pm | Post# 13467

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{quote} Price pushed to the downside today, helping me secure 4 pips to make this a risk free trade. Now the hope is price makes it down to 0.64742 to net me 65 pips. Today's down move on NZD was partly a result of the -1.2% loss in the average price of dairy products sold at auction. Dairy is a major part of New Zealand's economy at roughly 13 billion NZD (8.5 Billion USD). That is Nearly 18% of the NZD's overall GDP. A drop of 1.2% in dairy is a 1/3 of 1% of GDP which is huge for the NZD. Retail Sales and Core Retail Sales did not fair much better....
Another down move today helped me secure about 20 pips in my trade. As of this posting I am up 42 pips. I'm about 25 pips from my target. We shall see.

- Ric
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genzo May 22, 2019 10:13pm | Post# 13468

{quote} Another down move today helped me secure about 20 pips in my trade. As of this posting I am up 42 pips. I'm about 25 pips from my target. We shall see. - Ric {image}
might go down for ever, to 0

fxwinnerz May 22, 2019 10:21pm | Post# 13469

Ready to bounce, I am just long@ .6485, S.L .6474

Expo33 May 22, 2019 11:08pm | Post# 13470

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Live scalp: SL 2 PIPS TP 6 PIPS

Try and get a little something in the bank before London.

Timing for Trading triangles.

NU 15MIN
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Expo33 May 23, 2019 1:21am | Post# 13471

Live scalp: SL 2 PIPS TP 6 PIPS Try and get a little something in the bank before London. Timing for Trading triangles. NU 15MIN {image}
Wow, over 2 hours SL/TP not hit. Manually out at BE, too close to Frankfurt. See what develops.

CactusFund May 23, 2019 10:35am | Post# 13472

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I have been in this trade for 2 days, I went short primarily because of the dovish RBNZ, I feel this could go as low as 0.645. Right now my stop is at BE and I'm letting this run.

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riclater211 May 23, 2019 6:16pm | Post# 13473

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{quote} Another down move today helped me secure about 20 pips in my trade. As of this posting I am up 42 pips. I'm about 25 pips from my target. We shall see. - Ric {image}
Price shot up today and closed me out with +20. Price is in need of a retrace to about 0.6620 -00.6640. Waiting for a chance for another entry.

- Ric
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fxwinnerz May 23, 2019 8:22pm | Post# 13474

Ready to bounce, I am just long@ .6485, S.L .6474
Target .6544(+59 pips), New S.L is .6504(+20 pips)

DailyChart May 23, 2019 9:31pm | Post# 13475

I have been in this trade for 2 days, I went short primarily because of the dovish RBNZ, I feel this could go as low as 0.645. Right now my stop is at BE and I'm letting this run. {image}
6218

CactusFund May 24, 2019 4:41am | Post# 13476

{quote} 6218
Possible, but there is at least to technical tests it will need to pass before that becomes a viable target

riclater211 May 25, 2019 5:35pm | Post# 13477

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{quote} Price shot up today and closed me out with +20. Price is in need of a retrace to about 0.6620 -00.6640. Waiting for a chance for another entry. - Ric {image}
Price ends the week by breaking the trend line to the upside. I don't really think it means much yet. Profit taking is most likely. I will keep my trade box for now. See how it goes starting on Tuesday.

Have a good weekend.

- Ric
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MrPresident May 25, 2019 5:58pm | Post# 13478

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{quote} 0.65 should be solid support {image}
more downside to come, get ready once 0.65 is cracked

i'm in since way higher

0.69 might be hard to exceed 0.694 is another resistance i went short, stop above 0.694, target open
don't be a noob and buy just yet

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htcone May 25, 2019 8:27pm | Post# 13479

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{quote} more downside to come, get ready once 0.65 is cracked i'm in since way higher {quote} don't be a noob and buy just yet https://www.youtube.com/watch?v=o3Z8...&start_radio=1 {image}
Weekly has printed bullish hammer/pinpar. It coupled the fact that daily trend line has broken too. If we check 4h chart it is clear that daily trend line would be tested again(another confirmation that it is not fake out). 38% retracement 6660 minimum target imo. Fundamentally Trump has warned that he would impose trade tariffs on weaker currencies. Also, current statement of Finance minister of nzd is relevant too. Trend is Bearish without doubt but retracement is a thing. We shall see who is knob...
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DailyChart May 27, 2019 4:19am | Post# 13480

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