Menu
Sister Sites

Options

Bookmark Thread

First Page First Unread Last Page Last Post

Printable Version

Similar Threads

Trading is this Simple? Finally Explained simple and clearly! 39 replies

Trade Naked Candlesticks strategy 15 replies

Naked price trades 11 replies

Trading naked or keep it simple stuff.... 20 replies

SIMPLE EA for a simple method needed!! 1 reply

Nearly Naked (Simple Trades)

Quoting prashfx
{quote} I am thinking the 6570 - 6600 +/- area can push kiwi back to 6430-40 levels trigger being FOMC/EU IR rate decision (in absence of any major kiwi data) and mid dec we have kiwi gdp etc which can decide how it moves from there. around 6600 area was significant hurdle when it was moving down too. ofcourse lots of +ve news on kiwi (fiscal stimulus / good cpi / rates on hold/ etc) but question is how much of that is already priced in. also on a longer term basis on weeklies ... kiwi is still on a downtrend.
further i expect kiwi gdp (to be released 19 dec) to disappoint in line with aussie gdp .. which should put back some pressure on N$
Quoting prashfx
{quote} I am thinking the 6570 - 6600 +/- area can push kiwi back to 6430-40 levels trigger being FOMC/EU IR rate decision (in absence of any major kiwi data) and mid dec we have kiwi gdp etc which can decide how it moves from there. around 6600 area was significant hurdle when it was moving down too. ofcourse lots of +ve news on kiwi (fiscal stimulus / good cpi / rates on hold/ etc) but question is how much of that is already priced in. also on a longer term basis on weeklies ... kiwi is still on a downtrend.
NFP came in strong on Friday - looking for a follow through this week in the $ index. I will also be looking at how the pair reacts to noise from US data releases. As you say the downtrend is still intact which is at present the overriding factor in my decision making on this pair. 0.6600 is a significant area of S/R allowing a good risk reward entry.
Nil desperandum
Quoting prashfx
{quote} further i expect kiwi gdp (to be released 19 dec) to disappoint in line with aussie gdp .. which should put back some pressure on N$
short NU position going as planned. 6570 proved to be resistance till now on dailies. will see how FOMC/EU IR decision affects it.
Short setup on the AUD/USD fading resistance as follows;

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 46 KB
Nil desperandum
Quoting vincentprice
Short setup on the AUD/USD fading resistance as follows; {image}
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDailyc.png Size: 46 KB


AUD/USD reversed aided by geopolitics, however it clipped my stop before doing so!

Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSDDaily.png Size: 74 KB
Nil desperandum
Positive ZEW economic sentiment data is significantly more upbeat than expected, making increasingly less probable that price will break current support around 1.108 in the near term.

4h trailing stop loss.

Attached Image (click to enlarge)
Click to Enlarge Name: EURUSDH4.png Size: 41 KB
Nil desperandum
0 traders viewing now