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NZD/USD

  • #1,881
  • May 15, 2013 8:41pm May 15, 2013 8:41pm
  •  Noeliu
  • | Joined Apr 2013 | Status: Hit SL?? Clicked the wrong button | 51 Posts
Got 2 longs at 8200 and 8220, SL at 8222 for both, just in case

Thanks Davit for your advice. I would have never considered longing at 82 if you didnt say it here.
Lets see what NZDAnnual Budget Release has to do with NZD tofay... hope we get to 84 soon
Whats you expectations?
Thanks guys!
  • #1,882
  • May 15, 2013 11:07pm May 15, 2013 11:07pm
Quoting Noeliu
Got 2 longs at 8200 and 8220, SL at 8222 for both, just in case Thanks Davit for your advice. I would have never considered longing at 82 if you didnt say it here. Lets see what NZD Annual Budget Release has to do with NZD tofay... hope we get to 84 soon Whats you expectations? Thanks guys!
you are already in profit and if you don't feel good about the orders just close them.Should be around 60pips.
I trade weekly chart so I am holding for 84 or higher.
Its hard telling others what to do I only trade what makes sense to me in trading style that I have developed.I don't over trade so I can sleep peacefully.
Remember the pillow test.If you can't sleep then you are over trading.
I'll say hold for at least 83 but I can't make that call for you.
Here is my logic.I set out to make 10% or higher each month and last 4 I hit way over that so logically price needs time to move and getting positive swap is nice so there is no pending stress.I can hold my longs entire month without wavering unless something dramatic happens.Your account size vs your position size determine how you manage your trades.I risk 10% of my account and I know common norm is 2%.That is just me.Please don't copy what I am doing without understanding trading better.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #1,883
  • May 16, 2013 3:12am May 16, 2013 3:12am
Today reinforces why I don't trade fundys. Had a great budget, country is doing well comparatively, and the currency goes down the crapperBest to just trade the charts
FF journal: Peaks and Troffs
  • #1,884
  • May 16, 2013 3:17am May 16, 2013 3:17am
i'm long now! enjoy those positive swaps for a while!
  • #1,885
  • May 16, 2013 3:27am May 16, 2013 3:27am
Quoting iNZane
i'm long now! enjoy those positive swaps for a while!
Maybe it is still too early for that, but I am also waiting for long entry chance!
  • #1,886
  • May 16, 2013 3:36am May 16, 2013 3:36am
Quoting tommytimms
{quote} Maybe it is still too early for that, but I am also waiting for long entry chance!
true, but even if the account turns red for a while, those swaps are green. much easier to wait it out than if you're paying that swap every day.
  • #1,887
  • May 16, 2013 3:51am May 16, 2013 3:51am
strong support right now at MA 100 in weekly chart and it will retrace.we go long 8154
  • #1,888
  • May 16, 2013 3:54am May 16, 2013 3:54am
Quoting khol_hands
strong support right now at MA 100 in weekly chart and it will retrace.we go long 8154
nonono i think nzd/usd and aud/usd today -200 / -300 pips , no doubt about this
  • #1,889
  • May 16, 2013 4:00am May 16, 2013 4:00am
Quoting Foxikus
{quote} nonono i think nzd/usd and aud/usd today -200 / -300 pips , no doubt about this
we never doubt.usually 5% and now we use 15% from my accouts big frame big oppurtunity.as we know she got tired enough.
  • #1,890
  • May 16, 2013 4:14am May 16, 2013 4:14am
Quoting bogus
Today reinforces why I don't trade fundys. Had a great budget, country is doing well comparatively, and the currency goes down the crapperBest to just trade the charts
its not a about NZD weakness, its about dollar strength!!
plossers remarks are been given more weight than Nzd budget.
  • #1,891
  • May 16, 2013 4:14am May 16, 2013 4:14am
Weird crap happening.Price keep dropping for no real reason.
Closed 30% of my longs with a loss.
-77pips
Sometimes you must get lean to have a shot at rebound.Funny thing after taking Aussie loss -230pips and Kiwi loss -77pips I am still up +14pips for the month.
Not deterred by losses its part of the game.
In trading, you have to be defensive and aggressive at the same time
  • #1,892
  • May 16, 2013 4:15am May 16, 2013 4:15am
Quoting Foxikus
{quote} nonono i think nzd/usd and aud/usd today -200 / -300 pips , no doubt about this
no doubt you're short with all you got? i wish i ever had a trade without doubt, never has happened, never will
  • #1,893
  • May 16, 2013 4:40am May 16, 2013 4:40am
Quoting Davit
Weird crap happening.Price keep dropping for no real reason. Closed 30% of my longs with a loss. -77pips Sometimes you must get lean to have a shot at rebound.Funny thing after taking Aussie loss -230pips and Kiwi loss -77pips I am still up +14pips for the month. Not deterred by losses its part of the game.
You lose some and win some, all good as long as the outcome is income. i think buying AUD and NZD at this week is not a good time except for scalping because no news for these pairs..just my thought.. good luck for you sir
  • #1,894
  • May 16, 2013 4:40am May 16, 2013 4:40am
Quoting Foxikus
{quote} nonono i think nzd/usd and aud/usd today -200 / -300 pips , no doubt about this
Totally agree, as now is bull for USD, means others will heading south.
  • #1,895
  • May 16, 2013 4:56am May 16, 2013 4:56am
Quoting Davit
Weird crap happening.Price keep dropping for no real reason. Closed 30% of my longs with a loss. -77pips Sometimes you must get lean to have a shot at rebound.Funny thing after taking Aussie loss -230pips and Kiwi loss -77pips I am still up +14pips for the month. Not deterred by losses its part of the game.
Davit,


the crap happening is not weird, the reason is QE unwind being priced into the market.. Look at the debt market and you will see people front running fed and yields spiking up across the yield curve..


Markets price in approx 6 months worth of information today, even though tapering might be small in the beginning but markets are pricing in year end QE tapering effect..


Thanks
  • #1,896
  • May 16, 2013 5:03am May 16, 2013 5:03am
agree my friend...

the drop is too fast.. i like the drops... but i don't like the straight line ...........


someone is cooking the situation...........


Quoting Davit
Weird crap happening.Price keep dropping for no real reason. Closed 30% of my longs with a loss. -77pips Sometimes you must get lean to have a shot at rebound.Funny thing after taking Aussie loss -230pips and Kiwi loss -77pips I am still up +14pips for the month. Not deterred by losses its part of the game.
not euphoria follower
  • #1,897
  • May 16, 2013 5:39am May 16, 2013 5:39am
waiting for buy..
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  • #1,898
  • May 16, 2013 7:47am May 16, 2013 7:47am
Quoting akki300986
{quote} Davit, the crap happening is not weird, the reason is QE unwind being priced into the market.. Look at the debt market and you will see people front running fed and yields spiking up across the yield curve.. Markets price in approx 6 months worth of information today, even though tapering might be small in the beginning but markets are pricing in year end QE tapering effect.. Thanks


Bro, if 'people' were starting to price in the end or tapering of QE then US Equities would have been down by at least 10%
Money never sleeps...
  • #1,899
  • May 16, 2013 7:54am May 16, 2013 7:54am
Quoting inpatient
{quote} Bro, if 'people' were starting to price in the end or tapering of QE then US Equities would have been down by at least 10%
Sir, your point is valid but yield curve is a leading indicator of pricing effect.. equities are usually are a bit lagged!!


wait for sometime and you will get your 10% in equities too
  • #1,900
  • May 16, 2013 9:07am May 16, 2013 9:07am
reentered another long at 8190
With all negative data I am surprised this thing is not shooting up.Absolutely negative everything
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In trading, you have to be defensive and aggressive at the same time
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