NZD/USD | Page 28 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

NZD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies

Gbp/nzd,gbp/usd,nzd/usd analysis 3 replies

trading gbp/nzd with nzd/usd overlay 6 replies

NZD/JPY AUD/NZD basket 3 replies

Attachments: NZD/USD
Exit Attachments

NZD/USD

  • #541
  • Jul 22, 2011 12:29pm Jul 22, 2011 12:29pm
are you watching my charts...lol I got one at 0.8664

I likes ur TP, so I got my fingers crossed for you
Though mines a little higher 86 even.

Do good stuff

Steve

Quoting eqshack
im short from 0.8661 my target is 0.8530
if we get thru then 0.8419 but it wont happen today
  • #542
  • Jul 22, 2011 12:31pm Jul 22, 2011 12:31pm
there are just way too many shorts in NZD/USD right now... That means it still has room to go higher.
Trade what you see, not what you think!
  • #543
  • Jul 22, 2011 12:39pm Jul 22, 2011 12:39pm
possibly, however we're overbought on most major pairs, so its gotta drop before going up any more.

The Equilibrium hasn't kicked in yet

Steve

Quoting OMGtrader
there are just way too many shorts in NZD/USD right now... That means it still has room to go higher.
  • #544
  • Jul 22, 2011 1:17pm Jul 22, 2011 1:17pm
Quoting OMGtrader
there are just way too many shorts in NZD/USD right now... That means it still has room to go higher.
what is your source?

have a look at any last COT and then tell me if market is long or short commodities and commodity currencies....
  • #545
  • Jul 22, 2011 1:33pm Jul 22, 2011 1:33pm
Well i'm speaking on the amount of retail shorts that are within my brokers. Current ratio 12:1 shorts to longs



Quoting fammira
what is your source?

have a look at any last COT and then tell me if market is long or short commodities and commodity currencies....
Trade what you see, not what you think!
  • #546
  • Jul 22, 2011 3:46pm Jul 22, 2011 3:46pm
I just found this thread and noticed it has been going for a few years. NZD/USD is the only pair I have traded. Started when it was in the 3000 range. I always went long and usually showed a profit. My last trade was posted July 12th and I closed July 22 at 4AM. 545 pips and 600 pairs (5450 X 600). It is time to say goodby to forex. People ask me how I made money..Easy..the first 4 years I made every mistake in the book and lost my money..friends money..family money and any money that came my way... because I had the answers. Finally there were no more mistakes left. I picked one currency and studied every bit of information I could find on NZD/USD. I was "learning this pair for 8 hours a day and weekends. I now know what will move this pair and what will not. It was the hardest thing I have ever done...and the longest. ( I'm 64 so when I say hard I mean time wise). Well it worked. I only had NZD/USD on my screen and only had the pair in the trading window..I never looked at or purchased another pair..tunnel vision. Considering the amount of my last trade I think I can say this plan is great....and that was my last trade..Forex has been taken off my computer and when I finish this thread ForexFactory will also be gone. So investors try the one pair idea..The way NZD/USD is going some of you will make a million or two..If an old guy can SO can you..
  • #547
  • Jul 22, 2011 4:30pm Jul 22, 2011 4:30pm
Quoting Newstart08
I just found this thread and noticed it has been going for a few years. NZD/USD is the only pair I have traded. Started when it was in the 3000 range. I always went long and usually showed a profit. My last trade was posted July 12th and I closed July 22 at 4AM. 545 pips and 600 pairs (5450 X 600). It is time to say goodby to forex. People ask me how I made money..Easy..the first 4 years I made every mistake in the book and lost my money..friends money..family money and any money that came my way... because I had the answers. Finally there were...
Hi Newstart08,
I would like to congratulate you on your forex success, it must have been a lot of time and effort to get to where you are right now. My story is a little like yours, although a slightly shorter timeframe... i have been solely looking at and trading only the NU for the last 10 months or so. I occassionally look at the AU and EU as they are correlated, but for trading its pretty much just NU only since the last 10 months. I agree with you, i think it is much easier to stick to 1 pair , learn everything about it and trade it confidently. I have studied this pair for a while now, but certainly it would help if you could share some info here on how or what makes the pair move and if there are certain simple tricks and tips to be observing.

Your info would help us all a great deal. Thank you very much and once again, congratulations on a wonderful Forex career !!!
  • #548
  • Jul 22, 2011 7:42pm Jul 22, 2011 7:42pm
so whats coming next? pop or drop? or does hell break lose?
Don't be fooled by randomness
  • #549
  • Jul 22, 2011 8:00pm Jul 22, 2011 8:00pm
It is either NZD/USD or CHF/USD, both are money in the bank!




Quoting Newstart08
I just found this thread and noticed it has been going for a few years. NZD/USD is the only pair I have traded. Started when it was in the 3000 range. I always went long and usually showed a profit. My last trade was posted July 12th and I closed July 22 at 4AM. 545 pips and 600 pairs (5450 X 600). It is time to say goodby to forex. People ask me how I made money..Easy..the first 4 years I made every mistake in the book and lost my money..friends money..family money and any money that came my way... because I had the answers. Finally there were...
Trade what you see, not what you think!
  • #550
  • Jul 22, 2011 8:29pm Jul 22, 2011 8:29pm
Quoting frothy
so whats coming next? pop or drop? or does hell break lose?
Depends if the h1 trendline holds during the sydney open. 15min showed a hanging man, but bulls are fighting it. Any higher and the daily will look like a 90 degree climb.

Possible retracement if us doesnt default.
  • #551
  • Jul 22, 2011 8:32pm Jul 22, 2011 8:32pm
Quoting frothy
so whats coming next? pop or drop? or does hell break lose?
this is going to parity and beyond. start bulding long positions. same happened with AU... last year this time it was around .8 , see where it is now.
  • #552
  • Jul 22, 2011 8:34pm Jul 22, 2011 8:34pm
I dont know....it might just sit there and do nothing? Maybe NZD meeting next week will cause it shoot to the moon? head to par? maybe 1.10? Can you imagine if it hit 1.10? that would mean the little country nzd with a gdp equal to that of lets say boston? montreal? Minneapolis? hell even detroit! is above the usd lol wow that would be amazing.
Don't be fooled by randomness
  • #553
  • Jul 22, 2011 9:37pm Jul 22, 2011 9:37pm
I have to mention this although I don't want it to drive you nuts, you may already know and it sometimes is flat,

But you can get direction from the cross AUD/NZD.

Flat = both usually rise against the dollar and the cross bobs up and down as the two pairs back and fill against the USD.

Sometimes there is a range though, and if the USD is not center stage, between the two, (Australia and New Zealand are close geographically and economically) one pair may rally due to the activity on the cross buying or essentially this type of trade.

Say NZD/USD is rising and AUD/USD is ranging. A large bank or hedge fund may HIDE the large cross trade buy doing the following

LONG NZD/USD
Short AUD/USD

Which in cross terms would = SHORT AUD/NZD. This can sway the pairs against eachother. It is the same thing with E/U G/U and E/G

I don't like to put all my eggs in one basket, although I DO AGREE it is Great to have a pair you know very well. (or two) and focus on them prominently.

One of my favorite trades lately has been this
LONG E/U G/U A/U N/U short U/CHF or U/CAD.

Quoting bravester
Hi Newstart08,
I would like to congratulate you on your forex success, it must have been a lot of time and effort to get to where you are right now. My story is a little like yours, although a slightly shorter timeframe... i have been solely looking at and trading only the NU for the last 10 months or so. I occassionally look at the AU and EU as they are correlated, but for trading its pretty much just NU only since the last 10 months. I agree with you, i think it is much easier to stick to 1 pair , learn everything about it and trade it confidently....
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #554
  • Jul 23, 2011 11:58am Jul 23, 2011 11:58am
Quoting frothy
I just spoke with a good friend who is a currency strategist at a major institution. She says multiple large buyers have been going thru all week, and she expects the buyingto be complete today. Now that is coming from the floor, from a major bank. She was reluctant to share this info. I dont understand why some analyst dont like to share information especially with a retailer. Its almost to the point as do the opposite as the retailer because they know $hit all. Little do they know some retailers have been on the floor for 20 years and now...
can you specify, if you have those infos, if the expected rise in cross will mainly be due to GBP strenght or NZD weakness?
  • #555
  • Jul 23, 2011 2:10pm Jul 23, 2011 2:10pm
Quoting Newstart08
I just found this thread and noticed it has been going for a few years. NZD/USD is the only pair I have traded. Started when it was in the 3000 range. I always went long and usually showed a profit. My last trade was posted July 12th and I closed July 22 at 4AM. 545 pips and 600 pairs (5450 X 600). It is time to say goodby to forex. People ask me how I made money..Easy..the first 4 years I made every mistake in the book and lost my money..friends money..family money and any money that came my way... because I had the answers. Finally there were...

thanks for your post
it poured new blood to my veins....
  • #556
  • Jul 23, 2011 3:49pm Jul 23, 2011 3:49pm
Quoting fammira
can you specify, if you have those infos, if the expected rise in cross will mainly be due to GBP strenght or NZD weakness?

Greetings,

I am assuming the buyer has a specified amount of NZD dollars to buy at whatever price, but the quota has to be met and was put into an algo. It is the same bank (s) that buy the nzd for the clients, and the quota was assumed to be filled by the 22nd of july. I dont know if it was commercial or hedge fund or what, but the buying is complete for these banks..and to me that is pretty valuable information. NOW I dont know if more orders will be coming in to piggy back? But she did say the order was a combination of seasonal and commercial.

Now it is also a good sign that the poster here who only trades nzd/usd has exited his position on friday. I am still cautious and will increase my short only if we see 87 or 88. Hopefully we dont see a copy of aud/usd from march to april...when gravity wasnt an issue, because we just might see 95 maybe par.
Don't be fooled by randomness
  • #557
  • Jul 23, 2011 5:23pm Jul 23, 2011 5:23pm
Are you asking me?

If so it works multiple ways.

But you have not quoted my post so I don't know whether or not to take the time to elaborate.

Quoting fammira
can you specify, if you have those infos, if the expected rise in cross will mainly be due to GBP strenght or NZD weakness?
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #558
  • Jul 23, 2011 5:30pm Jul 23, 2011 5:30pm
Well its a good spot for a long term trade to fill in,also i think everyone seen the rally the aud/usd made in couple days to be in tact with nzd/usd ,so its one follows another case sort of.But to draw a different scenario we could look into usd/chf or usd/jpy and learn that bottom could be a lot deeper then it really looks,and once currency reaches a higher point,it might be months for it to reverse,some thoughts for Saturday night lurkers
  • #559
  • Jul 23, 2011 7:39pm Jul 23, 2011 7:39pm
I have a small long to 8733ish then will short
  • #560
  • Jul 23, 2011 10:55pm Jul 23, 2011 10:55pm
Quoting frothy
Greetings,

I am assuming the buyer has a specified amount of NZD dollars to buy at whatever price, but the quota has to be met and was put into an algo. It is the same bank (s) that buy the nzd for the clients, and the quota was assumed to be filled by the 22nd of july. I dont know if it was commercial or hedge fund or what, but the buying is complete for these banks..and to me that is pretty valuable information. NOW I dont know if more orders will be coming in to piggy back? But she did say the order was a combination of seasonal and commercial....
thank you, considering the downtrend in the cross, the buying you mention could be simple profit taking, let's patiently wait and see
3 traders viewing now