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NZD/USD

  • #1,541
  • Apr 24, 2013 9:42pm Apr 24, 2013 9:42pm
61.8 Fib exactly
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 26 KB
In trading, you have to be defensive and aggressive at the same time
  • #1,542
  • Apr 24, 2013 9:45pm Apr 24, 2013 9:45pm
Quoting namitak007
Currently I have added 6 shorts and all are red right now so I am keeping my money to change SLs if this bubble wants to expand more!
Just know your limit so you don't over-trade.
In trading, you have to be defensive and aggressive at the same time
  • #1,543
  • Apr 24, 2013 9:52pm Apr 24, 2013 9:52pm
Quoting Davit
{quote} Just know your limit so you don't over-trade.

Yeah! MM is the key! Even if I see a lot of scalping opportunity, I will stay away because this pair is currently volatile!
  • #1,544
  • Apr 24, 2013 9:56pm Apr 24, 2013 9:56pm
Quoting namitak007
{quote} Yeah! MM is the key! Even if I see a lot of scalping opportunity, I will stay away because this pair is currently volatile!
how about your cad shorts
In trading, you have to be defensive and aggressive at the same time
  • #1,545
  • Apr 24, 2013 10:07pm Apr 24, 2013 10:07pm
Quoting Davit
{quote} how about your cad shorts
one closed @239 which was opened @265 and one is till open which was opened @280 with SL @247 and TP @219 Let's see what hit 1st! I can see SL will hit 1st but no problem, victory is confirmed! If NU was under control I was planning for long on Cad here but right now no new trades! BTW I was sleeping while market made this massive move. Can you tell me why USD turned out weak against all it's rival within last 6-7 hours? Was there any attack on white house (lolz! ) or any news that I missed?
  • #1,546
  • Apr 24, 2013 10:23pm Apr 24, 2013 10:23pm
Quoting namitak007
{quote} one closed @239 which was opened @265 and one is till open which was opened @280 with SL @247 and TP @219 Let's see what hit 1st! I can see SL will hit 1st but no problem, victory is confirmed! If NU was under control I was planning for long on Cad here but right now no new trades! BTW I was sleeping while market made this massive move. Can you tell me why USD turned out weak against all it's rival within last 6-7 hours? Was there any attack on white house (lolz! ) or any news that I missed?
Place this on your chart and you will always know about news.
On option page allow DLL
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.PNG Size: 4 KB
Attached File(s)
File Type: ex4 FFCal Headlines.ex4   36 KB | 206 downloads
In trading, you have to be defensive and aggressive at the same time
  • #1,547
  • Apr 24, 2013 10:25pm Apr 24, 2013 10:25pm
Quoting Davit
{quote} Place this on your chart and you will always know about news. On option page allow DLL {file} {image}
I was there when this happened and till next 3 hours there was no movement on NU pair. Well maybe I am dumb!
  • #1,548
  • Apr 24, 2013 10:33pm Apr 24, 2013 10:33pm
Quoting namitak007
{quote} I was there when this happened and till next 3 hours there was no movement on NU pair. Well maybe I am dumb!
sometimes its combination of lot of factors including GOLD,S&P,DOW and Euro so news can be a catalyst for a move and sometimes it could take time to influence the markets.
I am still learning and will continue to learn so your are not dumb at all.On the contrary you have good instincts and that is to me more important.
In trading, you have to be defensive and aggressive at the same time
  • #1,549
  • Apr 24, 2013 10:59pm Apr 24, 2013 10:59pm
Quoting Davit
{quote} sometimes its combination of lot of factors including GOLD,S&P,DOW and Euro so news can be a catalyst for a move and sometimes it could take time to influence the markets. I am still learning and will continue to learn so your are not dumb at all.On the contrary you have good instincts and that is to me more important.
hahaha! Sounds nice when some one appreciate you. Isn't it? Well Forex market is a unlimited source of knowledge! One can only pretend to be a Master of market!
  • #1,550
  • Apr 24, 2013 11:07pm Apr 24, 2013 11:07pm
I highly suggest to learn Gartley patterns.It shows market dynamics
I already posted my charts about this few posts back.Point is that we are in Bullish Gartley hence down leg from C to D won't go deep that is why I have 84 even as TP
Attached Image (click to enlarge)
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In trading, you have to be defensive and aggressive at the same time
  • #1,551
  • Apr 24, 2013 11:10pm Apr 24, 2013 11:10pm
Quoting Davit
I highly suggest to learn Gartley patterns.It shows market dynamics {image}
Thanks! I will surly learn that! Do you have any ebook on this? Or any suggestions? Or can you share your knowledge source?
  • #1,552
  • Apr 24, 2013 11:20pm Apr 24, 2013 11:20pm
Quoting namitak007
{quote} Thanks! I will surly learn that! Do you have any ebook on this? Or any suggestions? Or can you share your knowledge source?
http://www.harmonictrader.com/
excellent book by one of the best Harmonic experts.
Top Left free to download
In trading, you have to be defensive and aggressive at the same time
  • #1,553
  • Apr 24, 2013 11:28pm Apr 24, 2013 11:28pm
Quoting Davit
{quote} http://www.harmonictrader.com/ excellent book by one of the best Harmonic experts. Top Left free to download
Thanks a lot!
  • #1,554
  • Edited 1:17am Apr 25, 2013 12:42am | Edited 1:17am
Quoting Davit
{quote} how about your cad shorts
closed last one @235 Now complete concentration on NU pair. Well if you want take a look at USD/Chf my short triggered at 0.9465 I see a good pip there with target .93
  • #1,555
  • Apr 25, 2013 2:07am Apr 25, 2013 2:07am
sold half lot at 0.8530, but i feel we can go a bit higher.. especially with todays dollar weakness.
  • #1,556
  • Apr 25, 2013 4:18am Apr 25, 2013 4:18am
Quoting Caa
sold half lot at 0.8530, but i feel we can go a bit higher.. especially with todays dollar weakness.
yup! Another news "unemployment data" may boost this bubble. I wish now this time the data come positive !
  • #1,557
  • Apr 25, 2013 5:35am Apr 25, 2013 5:35am
Some relief after good US data but still NU managed to break resistance of 0.855. I wish it will not reach .86
  • #1,558
  • Apr 25, 2013 6:07am Apr 25, 2013 6:07am
i half wish for the opportunity to short at .86, but already short at .85, hope to see you well after it is all said and done at .82
  • #1,559
  • Apr 25, 2013 8:35am Apr 25, 2013 8:35am
interesting how price turned around exactly at 61.8
This is still valid
Important to understand Harmonics.Once Price reaches at 100% it can do 2 things bounce back this negates harmonic pattern or continue pass 100% hence form the pattern so at 100% retrace 8360 is key number to watch
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In trading, you have to be defensive and aggressive at the same time
  • #1,560
  • Apr 25, 2013 10:34am Apr 25, 2013 10:34am
  •  Noeliu
  • | Joined Apr 2013 | Status: Hit SL?? Clicked the wrong button | 51 Posts
Hey mates! I'm here with a theory for the next NZD Trade Balance released today.

The kiwi has been raising, so companies may have been delaying the imports from NZ in need of a weaker NZD, so they get cheaper.
My point is that the Trade balance will be far less than expected, causing the NZD to fall, at least 2 lines of resistance, until 0.84 again.

What do you think? Please share your experience!
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