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NZD/USD

  • #1,481
  • Apr 18, 2013 11:44am Apr 18, 2013 11:44am
Quoting namitak007
let's celebrate .84
I very much wants you to win.You seem to need more since you have been waiting for some time.I have no live orders now.
In trading, you have to be defensive and aggressive at the same time
  • #1,482
  • Apr 18, 2013 12:48pm Apr 18, 2013 12:48pm
Morning All. Interesting to see where to from here.
Attached Image (click to enlarge)
Click to Enlarge Name: nz 194.jpg Size: 83 KB
FF journal: Peaks and Troffs
  • #1,483
  • Apr 18, 2013 12:55pm Apr 18, 2013 12:55pm
I'm long @ .8410 with a break even sl. Expecting aus and Nzd to shoot north a little. Aiming for 30 pips but might let it run to .8480.

Just got stopped. Will probably see price rocket upwards again now.
  • #1,484
  • Edited 11:33pm Apr 18, 2013 11:18pm | Edited 11:33pm
Took a short at 8450 TP 8410
Attached Image (click to enlarge)
Click to Enlarge Name: Capture3.PNG Size: 50 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,485
  • Apr 18, 2013 11:27pm Apr 18, 2013 11:27pm
I highly recommend to read this Harmonic concepts by Scott Carney
Free PDF book top left
http://www.harmonictrader.com/htpdfdld.htm
If you got Amazon kindle paperwhite or previous readers you can convert to mobi file by free software called Calibre and read it at your pleasure without pc.I do all my reading on paperwhite.
In trading, you have to be defensive and aggressive at the same time
  • #1,486
  • Apr 18, 2013 11:35pm Apr 18, 2013 11:35pm
Quoting Davit
Took a short at 8450 TP 8410 {image}
same here! Short at 8450 TP 8405
Also look at AUD/USD. NU and AU are parallel. I opened short there to at 1.0350 to tp 1.0295
  • #1,487
  • Apr 18, 2013 11:49pm Apr 18, 2013 11:49pm
Quoting namitak007
same here! Short at 8450 TP 8405 Also look at AUD/USD. NU and AU are parallel. I opened short there to at 1.0350 to tp 1.0295
did you close your previous shorts? at 84?
In trading, you have to be defensive and aggressive at the same time
  • #1,488
  • Apr 19, 2013 12:16am Apr 19, 2013 12:16am
Quoting Davit
did you close your previous shorts? at 84?
closed 2 but at 0.8406 as it failed to touch 0.84 for me. And 3 were TP 0.8395 so missed them. But still I hope they will touch TP. Right now opened one short at 0.845 and one is ordered at 0.847
  • #1,489
  • Apr 19, 2013 12:24am Apr 19, 2013 12:24am
Quoting namitak007
closed 2 but at 0.8406 as it failed to touch 0.84 for me. And 3 were TP 0.8395 so missed them. But still I hope they will touch TP. Right now opened one short at 0.845 and one is ordered at 0.847
Just be aware so you don't over trade and be forced to take a loss at much bigger number.Sometimes taking a loss is the right thing.
last 3 months I took 25% loss 75% win and those 25% losses were small but could of become ugly.
Its all about Money management.How much your account can handle.
In trading, you have to be defensive and aggressive at the same time
  • #1,490
  • Apr 19, 2013 12:36am Apr 19, 2013 12:36am
Quoting Davit
Just be aware so you don't over trade and be forced to take a loss at much bigger number.Sometimes taking a loss is the right thing. last 3 months I took 25% loss 75% win and those 25% losses were small but could of become ugly. Its all about Money management.How much your account can handle.
Yeah! My 2 are still opened at 0.84 and 0.835. I am hoping to close them with profit by the end of april. These faced historic 0.86 too I had to make choice either to close them with loss or hold them for more time and I chose to hold and now under affordable loss. Still kept them on Hold till end of the april. If May looks bullish then will close them at loss!
  • #1,491
  • Apr 19, 2013 1:36am Apr 19, 2013 1:36am
1 opened manually at 0.847, just got up to feed the babies and couldn't resist....

Pending @

0.85
0.855
0.86
0.865
0.87

hope to get at least 1 more, going back to bed

Good luck guys
Money never sleeps...
  • #1,492
  • Apr 19, 2013 1:58am Apr 19, 2013 1:58am
this pair is ridiculously interesting! Since last week it's hovering in between 0.84 to 0.85
Really great for scalping!
  • #1,493
  • Apr 19, 2013 5:35am Apr 19, 2013 5:35am
opened short at 0.8485 closed 0.845
yeah! +35

0.847 was triggered when I was sleeping. Having TP 0.841 lets hope we can touch this again today in late US session! If it does, it will be a great week for me.
  • #1,494
  • Apr 19, 2013 8:38am Apr 19, 2013 8:38am
Quoting namitak007
this pair is ridiculously interesting! Since last week it's hovering in between 0.84 to 0.85 Really great for scalping!

What is particularly interesting is that this consolidation in the range you have mentioned is somewhat higher than has been seen in the pair. It gives me more hope that we could see at least one more strike upward and allow me to get some decent trades opened as it climbs. Also the weakness in the S&P has seemingly not been enough to drag this pair down any lower.

If we can set a new high with the pair it could be the only trade I need to complete my annual goals within the first half of the year!
Money never sleeps...
  • #1,495
  • Apr 19, 2013 8:46am Apr 19, 2013 8:46am
I would tend to agree inpatient. Combination of rising support, inability to get price below 84 for any meaningful time indicate that it's possible for a price reversal. I need to take 3 or 4 days out to clear my head. Changed my stops again last night so what should have been a 60 pip win overnight became breakeven. Keep changing my mind and have missed about 3 or 4 great trades the last few days. Must be on tilt.

Will revisit next week.
  • #1,496
  • Apr 19, 2013 9:14am Apr 19, 2013 9:14am
Well actually it's been overbought since last month. So it will fall. I was expecting it will fall in mid April but history shows April boosts NU. So May will be the target for more shorts. As the NU pair moves upwards with literally any movement in market. JPY fall, NU rises, Gold raised NU rises! so I am just working on shorts. I just made one long last week at 0.8425 and closed in 0.847 but all other are shorts only as I am not sure when this pair will fall!
  • #1,497
  • Apr 19, 2013 9:49am Apr 19, 2013 9:49am
Closed my 3 shorts 1 triggered at 8480
total + 98pips
+1016 pips total this month on kiwi bird
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.m15.png Size: 36 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,498
  • Apr 19, 2013 9:52am Apr 19, 2013 9:52am
Quoting inpatient
What is particularly interesting is that this consolidation in the range you have mentioned is somewhat higher than has been seen in the pair. It gives me more hope that we could see at least one more strike upward and allow me to get some decent trades opened as it climbs. Also the weakness in the S&P has seemingly not been enough to drag this pair down any lower. If we can set a new high with the pair it could be the only trade I need to complete my annual goals within the first half of the year!
lets load it up this baby once goes up again.
Truth is Kiwi above 85 is unsustainable on economical terms as well.
In trading, you have to be defensive and aggressive at the same time
  • #1,499
  • Apr 19, 2013 10:40am Apr 19, 2013 10:40am
Quoting Davit
Closed my 3 shorts 1 triggered at 8480 total + 98pips +1016 pips total this month on kiwi bird {image}
You did just awesome!! I made 600+ and still 100 or even 150 will come if it hits 0.841 again by the end of week as per last few days!

I wish we will grab more from this bird next week! I wish you all very happy weekend!
  • #1,500
  • Apr 19, 2013 10:48am Apr 19, 2013 10:48am
Quoting namitak007
You did just awesome!! I made 600+ and still 100 or even 150 will come if it hits 0.841 again by the end of week as per last few days! I wish we will grab more from this bird next week! I wish you all very happy weekend!
Thank you friend.Great results on your part as well.I post my orders because I want people to notice that pairs like NZ UC Aussie can be lot more profitable then Euro,Yen because those pairs are highly munipulated spikes, stop hunts etc.
Fact is if you find a pair like Kiwi and you know before hand its range historically then you can trade with confidence knowing its limits.
I can say categorically that one can sell the Kiwi above 85 with confidence.This is great opportunity to increase your account.
Enjoy your weekend as well.
In trading, you have to be defensive and aggressive at the same time
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