apparently there is news of some bug killing off nzd crop which accounts for alot of their gdp. Doesnt sound good.
Advanced Manual Stop Loss Strategy 2 replies
Advanced Strategy Tester 12 replies
DanUK's Intraday Experiment 279 replies
DanUK Simple EUR/USD Trading Journal 2009 1,005 replies
DanUK Trend Trading Journal 2010 433 replies
DislikedHi NaughtyPip, I too have been keeping my eye on the NU and waiting for the new D1 candle to form to see if we'd get a candlestick formation that we could go long off of. I didn't include the NU in my last analysis video because it got too long, so I just made a dedicated short (less than 3 minutes) video for the NU to comment on your setup which I also have been watching for some time.
NU Analysis.
Kind Regards
NeoIgnored
DislikedI'm considering going long the AU in about an hour when the new D1 candle opens (and *if* it breaks the high of the previous candle).
However, the H4 is showing me somewhat of an opposite setup (see below), with Stochastic in OB and with the 50% fib retracement level posing potential resistance for a possible continuation to the down side.
NeoRioIgnored
DislikedI look at the Daily and see a possible long entry and the H4 looks like it is retracing for another swing down. The only clues I have is the 200 ema is under price on the daily and the H4 , daily , weekly and monthly RSi's are positive meaning bias toward a long position. ?? Keep us in the loop to what you do. One other thing that might be a negative to entry is lack of volume I have noticed this week. Seems like everyone decided to take December off.
Good Luck either way.Ignored
DislikedI jumped the gun a bit and took a NU long last night. It's been sitting at +10 - +20 for the past 12 hours. Ideally the D1 candle (current one) should break the high of yesterday's candle for it to be a good trade. The NU is considered the "little brother" of the AU. It mimics the AU pretty closely...and since we're getting potential signals on both pairs, it's possibly a better strategy to choose one or the other to trade and risk one set amount rather than trade them both with double the risk. Just my 2 $0.02
RegardsIgnored
DislikedIm in too on this, entered yesterday, gonna leave it for the long haul and see what happensIgnored
DislikedGood call. So far so good. I'm long the NU and the AU as well. I'm also short the UJ (from the H4 chart), traded the double top which was right around the 50% fib retracement on the D1.
I'm also taking an EU/EJ long for this retracement (which I think will be short-lived) before the EU resumes its down trend again.
RegardsIgnored
DislikedI took a GU long a few hours ago...not a solid entry signal so I entered with a small position. I took the break of the bullish D1 candle right around 1.6000Ignored
DislikedNice to see you using the 200ema, Jay. Your charts look almost identical to mine.Ignored