Kroner Update (SEK, DKK, NOK) | Forex Factory

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Attachments: Kroner Update (SEK, DKK, NOK)
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Kroner Update (SEK, DKK, NOK)

  • #1
  • First Post: May 1, 2009 9:58pm May 1, 2009 9:58pm
HI,

Please discuss about the Kroner pair here.
Looking forward to some kroner trading fans here like me,
Cheers,
Tony
prepare for worst & expect the best
  • #2
  • May 3, 2009 8:18pm May 3, 2009 8:18pm
Interesting , I'm in

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Butterfly Patterns

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  • #3
  • May 5, 2009 4:54am May 5, 2009 4:54am
Hi! I've shorted usd/[email protected] with [email protected] and [email protected]. The reason is that brent oil is going like crazy although there is some resistance at $54.8-$54.9 per barrel.
  • #4
  • May 5, 2009 5:28am May 5, 2009 5:28am
I just want to advice you guys who want to trade intraday on those Scandinavian rates; If you compare the spread vs average daily range (60 periods) you'll see the transaction-cost (spread) is almost 5% of the average daily range.
Measure twice, cut once
  • #5
  • May 6, 2009 1:12am May 6, 2009 1:12am
Quoting janad
Hi! I've shorted usd/[email protected] with [email protected] and [email protected]. The reason is that brent oil is going like crazy although there is some resistance at $54.8-$54.9 per barrel.
SL [email protected]. Was as low as 6.45 when oil hit $54.9 but everything turned when Dow Jones opened...
  • #6
  • May 12, 2009 6:29am May 12, 2009 6:29am
You're right about spreads, they're high. Taking my cue from weekly chart I'm short on this pair from 10.6500 and 10.5000

Looking for 10. or lower. Once my stops are on the right side I'll sit on it.

Read somewhere the Swedes are miffed its over 10 have intervened and may do so again. Watch this one.
  • #7
  • May 15, 2009 10:27pm May 15, 2009 10:27pm
Quoting Aesculus
You're right about spreads, they're high. Taking my cue from weekly chart I'm short on this pair from 10.6500 and 10.5000

Looking for 10. or lower. Once my stops are on the right side I'll sit on it.

Read somewhere the Swedes are miffed its over 10 have intervened and may do so again. Watch this one.
100pips of kroner = 10 normal pips in value. whats exciting about kroner is that you could simply pull out a dollar index and u will find kroner following it. when it trends it just goes buzzaa, no scalpers to stall the trends because its not a scalping pair.

Ive found very easy money from usdnok, usdsek.... I highly recommend these pairs for newbies looking for easy forex income.
prepare for worst & expect the best
  • #8
  • May 16, 2009 5:58am May 16, 2009 5:58am
Quoting tony_dtrader
Ive found very easy money from usdnok, usdsek.... I highly recommend these pairs for newbies looking for easy forex income.
That's a typical illusionary perception after a lucky strike. An easy forex-income doesn't come from choosing a magical pair to trade.
Measure twice, cut once
  • #9
  • May 18, 2009 1:25pm May 18, 2009 1:25pm
I love trading the Norwegian krone Because I´m Norwegian

Just shorted EURNOK at 8.87 on the 14th at the yellow line and following it down to 8.66.
Attached Image (click to enlarge)
Click to Enlarge Name: EURNOK_18may09.png Size: 58 KB
"White collar crime deserves a blue collar beating!" - 8fingers
  • #10
  • May 18, 2009 1:35pm May 18, 2009 1:35pm
Hello Folks!

Me also from Norway.

DramaKing det er godt at noen som er Norsk her. Me also entered the EURNOK but quit out too fast. Think it is still time to Enter?

Let me know something about GBPNOK ? I think it is also at top.
  • #11
  • May 18, 2009 2:40pm May 18, 2009 2:40pm
Hyggelig å "treffe" deg

I´m letting the EURNOK run, but I wouldn´t enter now. Not after this drop. If it goes up again, maybe.

Remember; Profit is profit!

I don´t have any experience with GBPNOK, but my first thought was that I´d feel safer going long on the dips.
"White collar crime deserves a blue collar beating!" - 8fingers
  • #12
  • May 19, 2009 2:10am May 19, 2009 2:10am
Testing the 10.40 level I notice. Locked in stops with profits and will now follow the trade for all its worth. One of those good days, love this pair.
  • #13
  • May 19, 2009 11:05am May 19, 2009 11:05am
Official: Norway is in recession.

And the krone drops... I'm closing my EURNOK short so I can get some sleep tonight

My balance is up 2,42% after this trade... got to be happy about that
"White collar crime deserves a blue collar beating!" - 8fingers
  • #14
  • May 22, 2009 2:34am May 22, 2009 2:34am
Check out UDSNOK. I´ll let the chart speak for itself.
Attached Image (click to enlarge)
Click to Enlarge Name: USDNOK_22may09.png Size: 60 KB
"White collar crime deserves a blue collar beating!" - 8fingers
  • #15
  • May 22, 2009 4:15am May 22, 2009 4:15am
DramaKing,

If you buy here so where do you place stoploss? I am alway confused with placing stoploss
  • #16
  • May 22, 2009 10:30am May 22, 2009 10:30am
Usually under/over last low/high. I placed this one under march low...

And unfortunately, I was out during mid day on this trade. If not, I would have closed the trade for a sure profit.
"White collar crime deserves a blue collar beating!" - 8fingers
  • #17
  • May 22, 2009 10:34am May 22, 2009 10:34am
It could be smart to wait for a confirmation candle for the change in direction. And not trade the daily bar this early
"White collar crime deserves a blue collar beating!" - 8fingers
  • #18
  • May 22, 2009 6:38pm May 22, 2009 6:38pm
Thanks guys, I look forward to reading and partiipating in this thread.
Pips are like cabbage, the green ones are the tastiest!
  • #19
  • May 23, 2009 8:32am May 23, 2009 8:32am
DramaKing,

For me now GBP/NOK looks more interested out. Give it a try and see how it works.
  • #20
  • May 24, 2009 6:19am May 24, 2009 6:19am
Looking to enter a trade on EUR/NOK. short from 8.8590 , looks good on weeklies. Still in EUR/SEK short, same reason.
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