hi
hehe same here watching
hehe same here watching
1
- #18,467
- Edited May 10, 2018 12:45am May 9, 2018 11:49pm | Edited May 10, 2018 12:45am
- Joined Jan 2010 | Status: Trader | 2,021 Posts
Hi, I am following this thread since March. I like to learn more. This pair NU has reached several times in the last 2-3 weeks the 61-100 zone. What was that holding you back to step in long position? If I check the TDI I see some crossing up & PA between 61-100 zone (M30). But after 40-60 pips the pair is continuing its path to down. What do I ignore? I am waiting for answer specially from: MrAussieFX, snail69, PayItForward, vickym ... Thanks Regards Gabor
I am not so experienced but will share my opinion and ask little more:
this pair is completely bearish on highier timeframes, but perfectly taken longs would give you 50-70% from 50 pips retracements, which as Davits wrote are good enough. I saw similar entries on the bearish trend on EURUSD by Davits (few days ago, take a look, he put some screens). But when I would take the next retracements there would be only some 20 pips or less to take so I also do not know how he found this perfect entry
so some swing is good, some is too small I suppose.
- #18,471
- May 10, 2018 1:11am May 10, 2018 1:11am
- Joined Aug 2010 | Status: absolute beginner | 5,464 Posts
trading is like dancing, don't think and just listen to the music!
Hi, I am following this thread since March. I like to learn more. This pair NU has reached several times in the last 2-3 weeks the 61-100 zone. What was that holding you back to step in long position? If I check the TDI I see some crossing up & PA between 61-100 zone (M30). But after 40-60 pips the pair is continuing its path to down. What do I ignore? I am waiting for answer specially from: MrAussieFX, snail69, PayItForward, vickym ... Thanks Regards Gabor
Although, Mark Douglas said, "Anything can happen in the market" but if you are equipped with fundamentals you will be a step ahead of someone who just comes to their computer screen every day without any knowledge of what's going on around them in the economic world.
There is so much goes behind in taking a trade and when you are aware of the fundamentals you add to your positions on pullbacks while people who are unaware of fundamentals they see pullbacks as market making a turn and move their stop losses to break even and get out with a BE trade.
Looking at the overall picture of a pair and fundamentals you will see that minor pullback are just the break and test of levels and spikes are big players entering at the price where they want to enter.
Look at AUDCAD and EURCAD from past 2 months. It seems like most of the pullback was just another opportunity to sell.
I was doing some reading on Westpac NZD forecast last night which I shared here. Below is the snippet
See the highlighted sections. The Westpac Bank people are forecasting that the next Official Cash Rate change is expected to be around December 2019 and NZDUSD could be around 0.65 level at that time.
Will this happen, I don't know. But keeping myself aware of what big banks are thinking helps in a little bit. Can NZDUSD shoot up before December 2019, Of course, it can if USD keep printing bad numbers and there is no Interest Rate Hike which at the current stage doesn't seem to be happening.
You can always trade the pullbacks which is the best thing about having pivots on your charts because you can see where PA is going.
Best regards
- #18,476
- May 10, 2018 4:25am May 10, 2018 4:25am
- | Commercial User | Joined Feb 2015 | 1,380 Posts
{quote} Looking into the hindsight we can always make a point of should have, could have or would have.
I trust that you don't mind that I have copied and pasted much of your input for future reference ... thanks again!
When you are successful perhaps give a thought to others ... Kiva dot org
- #18,480
- May 10, 2018 7:18am May 10, 2018 7:18am
- Joined Jan 2010 | Status: Trader | 2,021 Posts
{quote} what a timing! I thought that it will go highier but you took it all
