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  • #751,581
  • Jan 29, 2013 11:56am Jan 29, 2013 11:56am
Hello guys!
Looking up the calendar on forexfactory trying to place my very first real trade :0

I've spotted the official cash rate of NZD tomorrow to be announced. Would you reccomend going in for that one with a Long (assuming it stays the same as it is, 2.5%) ?

Thanks for any input!
  • #751,582
  • Jan 29, 2013 11:59am Jan 29, 2013 11:59am
Quoting All Green
Hello guys!
Looking up the calendar on forexfactory trying to place my very first real trade :0

I've spotted the official cash rate of NZD tomorrow to be announced. Would you reccomend going in for that one with a Long (assuming it stays the same as it is, 2.5%) ?

Thanks for any input!
So you are here for an investment advice...? You will receive plenty of mails in your inbox soon. My advice is never let anyone run your funds... Learned this the hard way
  • #751,583
  • Edited 12:08pm Jan 29, 2013 12:06pm | Edited 12:08pm
Quoting All Green
Hello guys!
Looking up the calendar on forexfactory trying to place my very first real trade :0

I've spotted the official cash rate of NZD tomorrow to be announced. Would you reccomend going in for that one with a Long (assuming it stays the same as it is, 2.5%) ?

Thanks for any input!
how about you write down everything on paper, pros & cons for bulls and bears, wright two scenarios,
one with potential entry points, stop loss and take profits, wright your plan and....do not take that very first real trade just watch reaction to the news and wright down what happend than compare this to your plan.
you are not ready for trading news, this is prolly the hardest way.
ps I accept donations in beer, case of 6 minimum
good luck
swing it!
  • #751,584
  • Jan 29, 2013 12:06pm Jan 29, 2013 12:06pm
There is good pattern here The aim is 1.3515 ! Good luck
  • #751,585
  • Jan 29, 2013 12:10pm Jan 29, 2013 12:10pm
Only SHORT at his level
  • #751,586
  • Jan 29, 2013 12:12pm Jan 29, 2013 12:12pm
Quoting abnormal
There is good pattern here The aim is 1.3515 ! Good luck
It is possible ..Strong SHORT then
  • #751,587
  • Jan 29, 2013 12:20pm Jan 29, 2013 12:20pm
Quoting All Green
Hello guys!
Looking up the calendar on forexfactory trying to place my very first real trade :0

I've spotted the official cash rate of NZD tomorrow to be announced. Would you reccomend going in for that one with a Long (assuming it stays the same as it is, 2.5%) ?

Thanks for any input!
Personally, I prefer to stick with the majors - especially EUR-USD, GBP-USD. Sometimes, if I spot an opportunity, I'll go with AUD-USD. The first two pairs have greater liquidity and generally more movement. EUR-USD tends to have a smaller spread with most brokers - typically 1 or 1.5 pips.

Anyway, I wish you luck with your endeavours.
  • #751,588
  • Jan 29, 2013 12:28pm Jan 29, 2013 12:28pm
Quoting Afarensis
Only SHORT at his level
If you write "short" with 7 fonts, I will...
  • #751,589
  • Jan 29, 2013 12:30pm Jan 29, 2013 12:30pm
  •  orzels
  • | Joined Nov 2011 | Status: Buy at resistance, Sell at support™ | 309 Posts
Quoting math_GB
If you write "short" with 7 fonts, I will...
Good point, math_GB. EU must be submissive with that weight of argue
  • #751,590
  • Jan 29, 2013 12:37pm Jan 29, 2013 12:37pm
Building a base here. Would favor more upside just a matter of time.
rat
  • #751,591
  • Jan 29, 2013 12:38pm Jan 29, 2013 12:38pm
  •  orzels
  • | Joined Nov 2011 | Status: Buy at resistance, Sell at support™ | 309 Posts
Quoting All Green
Hello guys!
Looking up the calendar on forexfactory trying to place my very first real trade :0

I've spotted the official cash rate of NZD tomorrow to be announced. Would you reccomend going in for that one with a Long (assuming it stays the same as it is, 2.5%) ?

Thanks for any input!
Welcome to Hell

For "very first time" don't try to trade news. Some time ago it was my very firest mistake - load funds, looking to calendar and try to make very fast and easy money. My second mistake is trading money. Don't trade cash. Trade pips. If you observe earnings in cash, you probably stick around your fund. Because in another lever (from eg 500$ to 5000$) you still see value of $. And with another level (5000 to 50000$) hands shaking with any trade you make.
With pips and lots it is easier

But, again - don't trade news at start, please.

Best wishes All Green
  • #751,592
  • Jan 29, 2013 12:41pm Jan 29, 2013 12:41pm
Quoting orzels
Welcome to Hell

For "very first time" don't try to trade news. Some time ago it was my very firest mistake - load funds, looking to calendar and try to make very fast and easy money. My second mistake is trading money. Don't trade cash. Trade pips. If you observe earnings in cash, you probably stick around your fund. Because in another lever (from eg 500$ to 5000$) you still see value of $. And with another level (5000 to 50000$) hands shaking with any trade you make.
With pips and lots it is easier

But, again - don't trade news at...
Your get there in the end
rat
  • #751,593
  • Jan 29, 2013 12:54pm Jan 29, 2013 12:54pm
Quoting rattyo
Building a base here. Would favor more upside just a matter of time.
I did notice your trade mate...! Well done...! I was planning today's move yesterday. Anyway, congrats...!
  • #751,594
  • Jan 29, 2013 12:59pm Jan 29, 2013 12:59pm
On the H1 chart, MACD is still decidedly positive; RSI is at around 62 so I reckon there is still plenty of reasons to remain bullish on this pair.
  • #751,595
  • Jan 29, 2013 1:00pm Jan 29, 2013 1:00pm
Anyone else seeing bearish divergence on the last three peaks on a 4 hour chart? Any importance? Thanks!
  • #751,596
  • Jan 29, 2013 1:01pm Jan 29, 2013 1:01pm
Quoting Atlast
Hello all winners and players, my first post for the year. A prediction that the EU will fall rapidl before trading higher, based on indices exhausing point.

Anyone looking at volume on the advance in hourly, please post a chart
and now again market to fall off.
  • #751,597
  • Jan 29, 2013 1:13pm Jan 29, 2013 1:13pm
Quoting All Green
Hello guys!
Looking up the calendar on forexfactory trying to place my very first real trade :0

I've spotted the official cash rate of NZD tomorrow to be announced. Would you reccomend going in for that one with a Long (assuming it stays the same as it is, 2.5%) ?

Thanks for any input!
Sorry to disappoint you, but you are already set for disappointment if you think it is easy to make money during news events.

Let's take a different viewpoint here. And this is only my belief, of course. Let's think that news only complete the bigger technical pattern already in place in larger timeframes. On smaller timeframes, unfortunately, trading news is like buying a lottery ticket.

So, start with the right step and avoid the markets tomorrow. Work on your discipline and just look at prices tomorrow. Start trading the day after the official cash rate.

Good luck.
"markets traded by programs/HFT offer a significant trading edge..."
  • #751,598
  • Jan 29, 2013 1:15pm Jan 29, 2013 1:15pm
A damn good day it was ...



Quoting mercy seat
Lowest ENTRY long from our side been @ 1.34180 until now ...

Done at 12h13 CET






;-|


RECAP:


Quick survey for the EUR/USD (Jan 28, 2012 23:00) ... (Jan 29, 2012 00:00) ...


2013-01-29_00h00 - ZigZag + Pivot Survey _ EURUSD _ Roll Up _ W-05 # FG9 (EN Daily, Weekly).PNG (126.4 KB)


Everything as mentioned in all those summary views before ...



Burst down 1.3370 ...

Elliottwise : impulse wave up 1.3497 or 1.3504 or 1.3538 in case of an extention ...

Key-point : 1.3505 ...

###

Further upside - then down ... upside more likely and valid as long as above 1.3430 or 1.3415 / 1.3370 zone ...

Otherwise correction down to below 1.3337 / 1.3290 ...







;-|
2013-07-31 Today's Phrase of the Day: Hold off from any recycle bin experts
  • #751,599
  • Jan 29, 2013 1:26pm Jan 29, 2013 1:26pm
adding to position now. target. 1.3338, then 1.3208
  • #751,600
  • Jan 29, 2013 1:31pm Jan 29, 2013 1:31pm
One piece of shit trade..

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