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NZD/USD

  • #781
  • Jan 5, 2012 8:26pm Jan 5, 2012 8:26pm
I wrote it down wrong, your right about Evening Star. As far as which way, I say down but NFP is tomorrow so we shal see.


Quoting Chillypiper
Needs to brake hard resistance line @ 7800 for more down she looks like she is soaking up supply at this area and can resolve either way..

Actually it is Evening star pattern for bearish reversal and Morning star for bullish..

GL!


http://candlesticker.com/Bearish.asp
Please do not vouch for me.
  • #782
  • Jan 5, 2012 8:44pm Jan 5, 2012 8:44pm
Daily stochs crossed & soon to leave >80
  • #783
  • Jan 6, 2012 12:33am Jan 6, 2012 12:33am
shorted this sucker @ .7915 as long as we stay below .8000 we're heading downward, nzd index failed at a monthly resistance. cheers
  • #784
  • Jan 6, 2012 4:13am Jan 6, 2012 4:13am
Nzdusd :

Note : Macd divergence
Attached Image (click to enlarge)
Click to Enlarge Name: 1.gif Size: 37 KB
  • #785
  • Jan 6, 2012 4:22am Jan 6, 2012 4:22am
I'd exert caution with shorts at the moment....but if you must.... think about where you will place your stops.
  • #786
  • Jan 6, 2012 6:09am Jan 6, 2012 6:09am
...........

Attached Image (click to enlarge)
Click to Enlarge Name: nzd.gif Size: 18 KB
  • #787
  • Jan 6, 2012 8:10am Jan 6, 2012 8:10am
Quoting tar
long GBP/NZD hope that NZD weakens here is NZD index chart , choose NZD from the menu it looks strong ...

http://www.forexticket.co.uk/en/forex-charts/c-index
ok GBP/NZD is tanking but here is the thing , NZD wants to drop but it is waiting equities market to drop or it wants to rally but it is waiting the Euro , i would go with the first option
  • #788
  • Jan 6, 2012 8:56am Jan 6, 2012 8:56am
Just got to sit and let the market come to you. like this.
Please do not vouch for me.
  • #789
  • Jan 8, 2012 5:26pm Jan 8, 2012 5:26pm
I am pulling profits on E/U, U/CHF and NZD/USD. Gonna wait for a rally to sell more. Also I am selling USD/MXN immediate entry.
Please do not vouch for me.
  • #790
  • Jan 8, 2012 6:01pm Jan 8, 2012 6:01pm
You have to take full advantage of those gaps. You know they will come back to fill so you pull profits. E/U. U/C and N/U all gapped around 24 pips at the open. Thats 75 pips or so guys. And dont worry, they will be back.


Quoting spillini
I am pulling profits on E/U, U/CHF and NZD/USD. Gonna wait for a rally to sell more. Also I am selling USD/MXN immediate entry.
Please do not vouch for me.
  • #791
  • Jan 9, 2012 8:22pm Jan 9, 2012 8:22pm
KIWI just broke significant resistance @ 7900

Certainly noteworthy, next target is 8000 test.

Aussie kicking some a$$ as well. Good news supports.
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #792
  • Jan 9, 2012 8:28pm Jan 9, 2012 8:28pm
I ALWAYS hear of people "shorting" or "I'm short" - damn half this forum is always SHORT, this foreign currency vs the USD but I NEVER hear any reason as to why you are buying the USD?

Is it just a mindless trade? Where is there strength in the USD atm??
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #793
  • Jan 9, 2012 8:37pm Jan 9, 2012 8:37pm
I try to not counter trend trade. I would rather miss out on 300 pips short to stay flat, then wait for the opportunity to stack longs on a 500 to 1000 pip ride north. But that's me.

I am not saying you can't make money shorting against a trend. But I also don't trade 5 or 15 minute charts.

Here is a naked weekly kiwi chart on my Gold trading acct, which I put small long term currency trades on when I have conviction as to not skew my metals trading.

Since March 2009 this pair has been rising. Why does no one ever buy?

edit: or at least wipe my positions at 5pm EST then buy back at a lower price.
Attached Image (click to enlarge)
Click to Enlarge Name: Kiwi weekly.GIF Size: 23 KB
XAU-XAG/USD_Gold n Silver Trader's Thread = Technicals, Fundamentals & News
  • #794
  • Jan 9, 2012 9:49pm Jan 9, 2012 9:49pm
Quoting XTrade
I ALWAYS hear of people "shorting" or "I'm short" - damn half this forum is always SHORT, this foreign currency vs the USD but I NEVER hear any reason as to why you are buying the USD?

Is it just a mindless trade? Where is there strength in the USD atm??
I agree but also understand... A trend, long term or short is never guaranteed to continue but you can be certain of a reversal although it may take longer than expected sometimes too long.
  • #795
  • Jan 9, 2012 10:29pm Jan 9, 2012 10:29pm
I'm long this pair because the nzd index just broke a demark trendline on the 4 hour. Next supply zone won't be for another 500-1000 pips
  • #796
  • Jan 9, 2012 10:37pm Jan 9, 2012 10:37pm
Quoting Dyekid217
I'm long this pair because the nzd index just broke a demark trendline on the 4 hour. Next supply zone won't be for another 500-1000 pips
Hey be careful dude check the correlation because i know your trading AUD as well.

http://www.forexticket.biz/en/tools/01-01-correlation
  • #797
  • Jan 10, 2012 9:33am Jan 10, 2012 9:33am
I spotted a potential bullish flag in NZD/USD’s daily chart. We need to wait the current bar to be closed for confirmation.
I am doing some homework to decide whether to long NZD/USD, in case the bullish flag is confirmed tomorrow.
As of now, we have few components that make up long signal:

 

  1. bullish breakout from asymmetric triangle
  2. higher lows create an uptrend line.
  3. Bullish flag (yet to confirm, but let’s assume it will happen for study purposes)

On the other hand, there are few obstacles:

 

  1. Daily Chart

    1. NZD/USD is very near to 0.8 round number (resistance)
    2. NZD/USD is also close to 200 SMA (resistance)
    3. 0.7996 is also a resistance level, but I treat it same as 0.8

  2. Weekly Chart

    1. There is a trend fan pattern in this time frame. The 2nd trend line may become a dynamic resistance.

My main concern is whether NZD/USD has sufficient momentum to penetrate 0.8 and 200SMA. Based on the history data, NZD/USD often will get support or resistance on 200SMA. Looking at bright side, NZD/USD has quite a good upside (reward).
This is my dilemma. Perhaps, lets have a good sleep first and may get a vision of NZD/USD’s future movement in dream.


http://lcchong.files.wordpress.com/2...ng?w=837&h=380


http://lcchong.files.wordpress.com/2...ng?w=837&h=380

  • #798
  • Jan 10, 2012 10:14am Jan 10, 2012 10:14am
This is my target for NZD USD for next 3 years.

Quoting clc4x
I spotted a potential bullish flag in NZD/USD’s daily chart. We need to wait the current bar to be closed for confirmation.
I am doing some homework to decide whether to long NZD/USD, in case the bullish flag is confirmed tomorrow.
As of now, we have few components that make up long signal:

 

  1. bullish breakout from asymmetric triangle
  2. higher lows create an uptrend line.
  3. Bullish flag (yet to confirm, but let’s assume it will happen for study purposes)

On the other hand, there are few obstacles:
[list=1][*]Daily...

Attached Image (click to enlarge)
Click to Enlarge Name: usd.jpg Size: 115 KB
" you can't consume more than you produce "
  • #799
  • Jan 10, 2012 7:20pm Jan 10, 2012 7:20pm
Quoting Memnonxxi
This is my target for NZD USD for next 3 years.
hahaha... lets go through 2012 first.
  • #800
  • Jan 11, 2012 9:20am Jan 11, 2012 9:20am
Quoting Memnonxxi
This is my target for NZD USD for next 3 years.

If we break the 75 i would put a short with 3 to 5 times leverage and hold for 3 years. That sounda like a nice strategy. I would add more at 73 and 69 and 65 and a take profit target around 58 ish. It might be quicker then 3 years thou. But I really like that trade. Good post.
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