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Attachments: Grashid -GBPNZD and GBPAUD (Any GBP pair also welcome)
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Grashid -GBPNZD and GBPAUD (Any GBP pair also welcome)

  • #301
  • Mar 10, 2010 3:26am Mar 10, 2010 3:26am
Quoting grashid
...monthly n weekly still have a room for down side..let c how US session will bring us then i'll post some update later....

good luck
======================
Hi
Herebelow is one of the important possibility for adding on BUY
rgds
Attached Image (click to enlarge)
Click to Enlarge Name: 10-gbpnzd-for ff t 207582.gif Size: 19 KB
  • #302
  • Mar 10, 2010 3:38am Mar 10, 2010 3:38am
Quoting chehab
======================
Hi
Herebelow is one of the important possibility for adding on BUY
rgds
..
but i saw below 2 area ~ 1.8945 also possible by end March ...

let watch tonight then i will decide my position to stay away or will keep it..

anyway good job mate
  • #303
  • Mar 10, 2010 5:20pm Mar 10, 2010 5:20pm
does the daily close look bullish to you? closed above 2.13 with a long lower wick.
similar candle on 13/10/09, followed by strong bullish move.
cheers
Attached Image (click to enlarge)
Click to Enlarge Name: gbp nzd daily.jpg Size: 139 KB
  • #304
  • Mar 10, 2010 11:55pm Mar 10, 2010 11:55pm
Quoting jimbo86
does the daily close look bullish to you? closed above 2.13 with a long lower wick.
similar candle on 13/10/09, followed by strong bullish move.
cheers
agreed...

with at least 2.15 where may seen a few entry for this both GAUDn GNZD to be close...where am still holding it
Attached Image (click to enlarge)
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  • #305
  • Mar 11, 2010 3:21am Mar 11, 2010 3:21am
do you think it could go up from here or there is more down to come?
im think that at some point NZD will weaken a lot, as i think it is mostly being dragged along by Aud, but it isnt as strong as Australia
  • #306
  • Mar 11, 2010 3:33am Mar 11, 2010 3:33am
Quoting jimbo86
do you think it could go up from here or there is more down to come?
im think that at some point NZD will weaken a lot, as i think it is mostly being dragged along by Aud, but it isnt as strong as Australia
I saw :-

short term=bull
medium term = bull
long term= unclear but atm bear
  • #307
  • Mar 11, 2010 7:52pm Mar 11, 2010 7:52pm
Quoting grashid
agreed...

with at least 2.15 where may seen a few entry for this both GAUDn GNZD to be close...where am still holding it
let c whats next......
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd-H4.JPG Size: 72 KB
  • #308
  • Mar 11, 2010 7:54pm Mar 11, 2010 7:54pm
Quoting grashid
let c whats next......
Hi Grashid,

How is your forex cross trading going matey.
Not heard from you in a long time..just wanted to catch up as I am planning to change pairs now from to majors to crosses...

Just wanted to know average pips...

Take care
GeppyG
Let Price determine your future!
  • #309
  • Mar 11, 2010 8:03pm Mar 11, 2010 8:03pm
Quoting Geppyg
Hi Grashid,

How is your forex cross trading going matey.
Not heard from you in a long time..just wanted to catch up as I am planning to change pairs now from to majors to crosses...

Just wanted to know average pips...

Take care
GeppyG
Hey mate..

http://forex-grashid.blogspot.com/20...ate-intra.html

i just took 124.11 short on EY and Gy am still in the rest mood...UJ am playing EA

now am seldomly in FF, maybe june-july i will just focus in my trade and a few client acc and will post at my blog or a few thread like gold n here...

hows ur life mate?..doing good
  • #310
  • Mar 12, 2010 11:06am Mar 12, 2010 11:06am
Dear Grashid,

You are a wonderful trader and I like reading your posts. I also trade GBPNZD and I have similar views on it as yours. I just don't have a good vision on where to put my take profit orders. You said that you see bull trend - short and medium term, can you tell me at what levels as short term, medium term ?

Thank you in advance,

Sincerely,
Octacomm
  • #311
  • Mar 12, 2010 12:07pm Mar 12, 2010 12:07pm
Quoting octacomm
Dear Grashid,

You are a wonderful trader and I like reading your posts. I also trade GBPNZD and I have similar views on it as yours. I just don't have a good vision on where to put my take profit orders. You said that you see bull trend - short and medium term, can you tell me at what levels as short term, medium term ?

Thank you in advance,

Sincerely,
Octacomm
short term =H4
medium term =daily chart n weekly chart
long term = monthly chart

n now look like daily=weekly(nice pin last week) n if this month close above 2.19...then 2.3-2.4-2.5 is my long term target....i could see all GU pair started to bullish after March...but let c what happen...n unmake to fast to the conclusion

good luck

g
  • #312
  • Mar 12, 2010 3:31pm Mar 12, 2010 3:31pm
I am bullish the pair. NZD is weakening, as shown by the AUD/NZD.
there was a nice pinbar on the daily chart a couple of days ago, and now also on the weekly, the candles from the last two weeks both have long tails. The weekly is also above the october weekly low close (red line).
Areas i will be watching are 2.27 (blue trend line), 2.3-2.31, 2.42, 2.5.
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: gbp nzd weekly.jpg Size: 128 KB
  • #313
  • Mar 13, 2010 12:40pm Mar 13, 2010 12:40pm
[quote=jimbo86;3547812]I am bullish the pair. NZD is weakening, as shown by the AUD/NZD.
there was a nice pinbar on the daily chart a couple of days ago, and now also on the weekly, the candles from the last two weeks both have long tails. The weekly is also above the october weekly low close (red line).
Areas i will be watching are 2.27 (blue trend line), 2.3-2.31, 2.42, 2.5.[/QUOTE]

  • #314
  • Mar 13, 2010 4:20pm Mar 13, 2010 4:20pm
Hi

New idea
We missed the Sell from and also the buy 1 and 2
Rgds
Attached Image (click to enlarge)
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  • #315
  • Mar 15, 2010 12:44pm Mar 15, 2010 12:44pm
thanks for the help bro....God Bless You
Regards
  • #316
  • Mar 15, 2010 4:07pm Mar 15, 2010 4:07pm
Any ideas what's happening? Grashid, do you still have a short and medium term bullish view on the pair? Thank you in advance for your answer.

Just for your reference
I have longs - 50k at 2.21 and 25k at 2.11
I have the feeling that the GBP is undervalued in the long-term +2 years.
But I'm not quite sure when we should expect a good return of the GBP strengths because of the current economic issues in UK and also the strong AUD/NZD economies. I feel that the New Zealand is also facing some issues so I guess that there must be some long trend, I just don't know when.

I usually trade long-term but I also do some short-term take profits. I have already took 2.5k eur. I also think that this pair can go down up to 1.9 which I hope won't happen but in case it does, I'm really to do adds and my risk is limited to about 15k loss which is something I can take to stay with.

I would be happy to hear your strategies here.
  • #317
  • Mar 16, 2010 4:51am Mar 16, 2010 4:51am
Hi Otacomm
I agree with you that the GBP is undervalued, at the moment i think its a case of giving a currency a hard time for a bit, then moving on to the next one. The uk is in bad shape, but so are a lot of other countries, i think this will pull back the commodity currencies as people need to buy the produce.
I also think that the NZD is overvalued, gaining its strength from the correlation with AUD. as shown by the strength in the aud/nzd pair that aud is becoming stronger and nzd is getting left behind a bit now.
on the charts 2.13 has acted as strong support, there could be a possible inverse head and shoulders forming?
Attached Image (click to enlarge)
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  • #318
  • Mar 16, 2010 5:10am Mar 16, 2010 5:10am
Quoting octacomm
Any ideas what's happening? Grashid, do you still have a short and medium term bullish view on the pair? Thank you in advance for your answer.

Just for your reference
I have longs - 50k at 2.21 and 25k at 2.11
I have the feeling that the GBP is undervalued in the long-term +2 years.
But I'm not quite sure when we should expect a good return of the GBP strengths because of the current economic issues in UK and also the strong AUD/NZD economies. I feel that the New Zealand is also facing some issues so I guess that there must be some long trend,...
my long term bias going to be bull bias...60% bias atm...look at ur daily n H4 where inverted H&S formation where i may seen this to spiking up tomorrow london...1.66 for GAUD and 2.16-2.17 for GNZ..will update my chart later mate....
  • #319
  • Mar 16, 2010 10:15am Mar 16, 2010 10:15am
hey grashid just a quick question for you since u know alot about the gbp/nzd. what two currency pairs make up gbp/nzd? just like gbp/yen has two currency pairs to make up the price of it. thanks in advance
  • #320
  • Mar 16, 2010 10:29am Mar 16, 2010 10:29am
Quoting treadline
hey grashid just a quick question for you since u know alot about the gbp/nzd. what two currency pairs make up gbp/nzd? just like gbp/yen has two currency pairs to make up the price of it. thanks in advance
Am not saying i know a lot, that is why the purpose of this threat for this both pair discussion in order for us to share what we should...

Anyway I base on GBPUSD & NZDUSD...how about you?
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