Okay...here it goes

ahhhhhh... wish I had waited a little before going back in to an early short. Towel going in at 0.6657, lets hope is doesn't come to that. Makes sense about the Americans closing positions, thanks.

Okay...so NZD hasn't dropped.....yet. Looks like it'll limp into the weekend. If it drops to, oh, say 0.6600 before close I'll get out and try and catch the gap on Sunday. If not, I'll just stay in.

Having said that here is the news:

(a) baby seems to be feeling better (most important)

(b) My account, which around the middle of last week reached a low near $200 now stands back above $1k.

Okay...not in the black yet ($1800 to go), but the number seemed important.

Thank you bobz, thank you money_talks, thank you efex. The last four days I have closed (appx.) +$250,+$100,+$200,+$285, and you guys are a large part of it.

Yup...if your wondering...I'm feelin the forex love and on my way to drunk. Baby boy is goin to his moms and then I'm gettin plastered.

a nice little gap to begin the week. Since my average position is 0.6613 I might exit, take a few free pips, expect the gap to close up and re-enter short. I'll give it a few minutes before deciding....if it keeps going down and break 0.6600 it might be a different story.

Not expecting miracles.

isn't in a hurry to close the gap...though its drifting. Might be interesting to let this one ride rather than exiting and see what develops.

still strong despite weaker GBP, EUR and JPY

perhaps when Asia comes in full may see something?

otherwise, current account data in less than 24 hours could push it

i think we are getting whipped by a forecast of improved trade data

whipped is an understatement, I got killed wow, never thought it would get this much support. I am sooooo out for now. hit my SL already... Hope you guys have better luck. Am gonna spend some time reflecting and further tuning my trading systems. Best way to lick a wound

yah man..

here's where I see it going before NZD bears can try to control

...hard.

I'm also sick as a dog.

I'm out for now. This one hurt really bad. It also means my wave count is totally wrong. I really need to buffer the count with something else. This is probably a good week for that because:

(a) I'm sick

and

(b) There is a lot of NZD and USD data releases that will be a minefield this week.

I'm also contemplating the rule: don't trade Sundays. Not because of market behavior but because in the days off my imagination (greed) runs wild and I overplay weak positions.

yah man...

it's like suddenly everything i try is not working...

no longer sure what works and what doesn't anymore.........

Hey Rince,

Just to let u know I read ur posts and watch carefully ur performance.
Hope you keep doing well until now.
Please make your rules and stick to them!! Otherwise it will be ME the one who will slap u in public lol

Wish u best of lucks!!

Is that my daily wave count must be dead wrong. Shame...it looked like such a clean five leg cycle.

We just had a five wave impulse and are correcting. So, after CPI release wasn't dollar negative, I just shorted Kiwi.

Shooting for mid 0.6600's

Just got out. Okay, I admit I scalped this one and made twenty pips. So not much gain. I think It will go to 0.6650, but figured take my gains here at 0.6660 and run until I get my legs back under me.

Account balance now back to breathing room status....but still tight.

I cannot seem to keep my account above $600 for more than a day or two without getting overconfident and blowing it.

every little bit helps

just need to be more cautious

i agree we should see 0.665+ levels before a retrace to 0.67 again

probably long it in Asia tomorrow

So I'm staying away from my beloved currency pair. I'm dabbling at the moment with waves and MA's on AUD. I've shorted this pair. If it breaks 0.75 things could get messy.

Just as I typed that last message we broke 0.75 and hit 0.749. I'm looking for 0.7475, but will get out early if things stall.

0.749 looks like a temp support. If we break through we might plummet to 0.7450. So at the moment I'm riding this one.

Problem is I'm familiar with Kiwi's price action, but not so with AUD-USD (does this currency have a nickname?). So I'm watching and learning.

Well...I blew that. I set my stop too tight (0.7514) on AUD-USD and blew a perfectly good position by 2 pips.

Oh well. That sort of thing happens when your less familiar with a currency pair, so I'll chalk the loss up to a learning experience.

I still think AUD is coming down, so I'm in again.

Well, some call it Aussie, some Ozzie

there used to be a good degree of correlation between AUD and NZD but that's been blown apart in March

I am a bit cautious about going long Dollar on anything man...

durable goods was weaker and we have housing at 10pm

so tough man...