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NZD/USD

  • #1,241
  • Apr 4, 2013 1:17am Apr 4, 2013 1:17am
Quoting fxtyrant
dont like counter trend trading
Its not counter trading if you are entering end of one and beginning of another trend.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,242
  • Apr 4, 2013 2:37am Apr 4, 2013 2:37am
Quoting Davit
Its not counter trading if you are entering end of one and beginning of another trend. Regards
it is when you enter to soon ... like u did .. your entries made no sense when prices started moving higher instead of doing it on meaningful levels you just did it randomly ... you get lucky but how many times will ya.
  • #1,243
  • Edited 10:45am Apr 4, 2013 10:25am | Edited 10:45am
Quoting acidburn123
it is when you enter to soon ... like u did .. your entries made no sense when prices started moving higher instead of doing it on meaningful levels you just did it randomly ... you get lucky but how many times will ya.
I don't trade randomly!thanks for your unwanted wisdom...
In trading, you have to be defensive and aggressive at the same time
  • #1,244
  • Apr 4, 2013 10:29am Apr 4, 2013 10:29am
+35 pips closed my previous 4 shorts for modest +34 total this month +118 pips shorting this pair.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.m5.png Size: 42 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,245
  • Apr 4, 2013 11:38am Apr 4, 2013 11:38am
Gidday

I read your posts

yeah NZ went higher then i expect

i got in 84.4 an had a string of shorts around there

All hit profit as always

I got pending short set again 84.4 an did another 85.0

not sure if it will get up there

Good luck
  • #1,246
  • Apr 4, 2013 11:51am Apr 4, 2013 11:51am
Quoting eliteincome
Gidday I read your posts yeah NZ went higher then i expect i got in 84.4 an had a string of shorts around there All hit profit as always I got pending short set again 84.4 an did another 85.0 not sure if it will get up there Good luck
my tactics the same
Pending shorts 34 3440 8390
regards
In trading, you have to be defensive and aggressive at the same time
  • #1,247
  • Apr 4, 2013 2:06pm Apr 4, 2013 2:06pm
Quoting Davit
my tactics the same Pending shorts 34 3440 8390 regards
Trend tradign rules...
Attached Image (click to enlarge)
Click to Enlarge Name: 20130404.1904.gmt.chfjpy.h4.png Size: 47 KB


PS. if NZDUSD goes lower, im looking to reload longs
We live in a finite world with infinite possibilities.
FxTyrant M-Series (Live - Darwinex) All Time Return: 0.7%
  • #1,248
  • Apr 5, 2013 3:05am Apr 5, 2013 3:05am
+27 pips Just for the record that person who said I trade randomly obviously is missing a lot or not seeing the obvious.
I shorted Top of daily R1 significant resistance level.And as pictured price turned around and I exited at RN another significant factor.
I find it unusual someone criticizing another trader without knowing much about his experience,knowledge,background,dedication etc.I guess its the beauty of internet some feel entitled to judge and often make simpletons of themselves.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.m15.png Size: 48 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,249
  • Apr 5, 2013 9:01am Apr 5, 2013 9:01am
NZDUSD
For this pairs my thoughts are below. Using D1 and H1 timeframe I’ve made combine forecast. I am going to BUY if the price upper than 0.83920 and take profit in this case will be 0.84714.
  • #1,250
  • Edited 9:16am Apr 5, 2013 9:01am | Edited 9:16am
+32pips closed all my shorts
+204 pips for 1st week of April 100% shorting the Kiwi.3 very small losses on this period.78% win ratio
Attached Image(s) (click to enlarge)
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Click to Enlarge Name: Capture.PNG Size: 16 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,251
  • Edited 1:06pm Apr 5, 2013 12:46pm | Edited 1:06pm
I often look for channels to trade.Most traders like trends I like channels.Price is in the channel 8360 and 8440-50 zone.
Unlike lot of other pairs Kiwi has a limited range.Its up to you how you trade this range.
One only has to look monthly and weekly to see where the bottom and tops have been in the past.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.h1.png Size: 51 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,252
  • Apr 7, 2013 9:42pm Apr 7, 2013 9:42pm
short 2lots at 8430
1x8410
1x8400
TP 8365
Looking to collect 200pips.Price is in the upper channel (see my previous post)
Currently up 34pips but holding for max profit.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.h1.png Size: 53 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,253
  • Apr 7, 2013 10:42pm Apr 7, 2013 10:42pm
Quoting Davit
I often look for channels to trade.Most traders like trends I like channels. {image}

Davit my friend, always agree with your logic

Many can learn from your posts, your missed on the Cable thread, aint seen you over there for a while.

Hope its going well my brother
Money never sleeps...
  • #1,254
  • Apr 7, 2013 10:44pm Apr 7, 2013 10:44pm
Channels or ranges give you not only a clear entry point but also suggest an exit too. Easier to spot than trends (which I often jump on too late or exit too early).
Money never sleeps...
  • #1,255
  • Apr 7, 2013 10:59pm Apr 7, 2013 10:59pm
Quoting inpatient
Davit my friend, always agree with your logic Many can learn from your posts, your missed on the Cable thread, aint seen you over there for a while. Hope its going well my brother
Hi bro I have been so consistent trading the Kiwi that I stopped trading other pairs.Kiwi 's limited range is actually a plus not a negative.It tops out 85-88 88 in 2011 and after that tops 85 so in theory one can sell this pairs above 84 "safely" and take regular profits.
This is exactly what I have been doing.Netted 200+pips shorting in UP trending pair.
Anyway I will visit Cable thread since its very lonely here.
In trading, you have to be defensive and aggressive at the same time
  • #1,256
  • Apr 7, 2013 11:11pm Apr 7, 2013 11:11pm
Lonely but seemingly more predictable, Cable has been good to me this year and I got it right when playing the range over the last few weeks too. Like you I like to find safe channels and enter in the buy/sell zone and exit in the opposite. However, got myself caught on the wrong side of the Euro surging last week. (learned a lesson to not trade when Draghi speaks)

Nothing I cant handle and I think it will come back to me soon,

Good luck to you, will look into this pair, I like things easier to predict!

At first glance I see the appreciation in the NZD throughout the period from when the US starting dropping rates. It seems to have found a top limit like you have said. Suppose you can accurately predict a continuance somewhat until the US begin to address this and increase rates (no time soon),,,,
Money never sleeps...
  • #1,257
  • Apr 7, 2013 11:26pm Apr 7, 2013 11:26pm
okay I have 2 positions opened at 0.84 and 0.835 for "sell" . Both are in red. I am new to channel so can you suggest the TP for both of these? They are opened since last 2 weeks!
  • #1,258
  • Apr 7, 2013 11:42pm Apr 7, 2013 11:42pm
Quoting namitak007
okay I have 2 positions opened at 0.84 and 0.835 for "sell" . Both are in red. I am new to channel so can you suggest the TP for both of these? They are opened since last 2 weeks!
You had numerous opportunities to close those trades with profit I know I did.I just wondering why you left 8350 to run red?
You must be aware of price momentum.If the current drive is UP then you should not hang on and collect losses.You can always enter short with better number to recoup previous losses.
1st you must establish your default amount that you are willing to risk.Without this you can easily blow your account.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,259
  • Apr 7, 2013 11:46pm Apr 7, 2013 11:46pm
Quoting Davit
You had numerous opportunities to close those trades with profit I know I did.I just wondering why you left 8350 to run red? You must be aware of price momentum.If the current drive is UP then you should not hang on and collect losses.You can always enter short with better number to recoup previous losses. 1st you must establish your default amount that you are willing to risk.Without this you can easily blow your account. Regards
Well at 0.835 the trend was bearish. So I was expecting a profit at 0.82 but I misjudged and caught into red. Well any chances it will break 0.835 sooner or later?
  • #1,260
  • Apr 7, 2013 11:47pm Apr 7, 2013 11:47pm
Quoting Davit
I don't trade randomly!thanks for your unwanted wisdom...
ohh I recall those nonsense trades / zones you did , which just blew 50 pip over you ... god bless you
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