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NZD/USD

  • #1,901
  • May 16, 2013 9:09am May 16, 2013 9:09am
Quoting akki300986
{quote} 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
drop the attitude.You may be right but I suspect wrong.
In trading, you have to be defensive and aggressive at the same time
  • #1,902
  • May 16, 2013 9:23am May 16, 2013 9:23am
sometimes we have to see the actual market, commodity price down, metal price down, gold price down, AUD & NZD are both commodity currencies, how it can go up against the present market.people now buy US equities means USD up ...and others risky currencies like AUD and NZD are affected.
Sell from 0.8220 .expect 0.80XX. let see
  • #1,903
  • May 16, 2013 10:22am May 16, 2013 10:22am
Quoting Davit
{quote} drop the attitude.You may be right but I suspect wrong.
Davit, i'm curious why do you think buying NZD is safer than AUD?
  • #1,904
  • May 16, 2013 10:25am May 16, 2013 10:25am
Quoting Davit
reentered another long at 8190 With all negative data I am surprised this thing is not shooting up.Absolutely negative everything {image}
Hello Davit. I have two micro lots at 8180. Hope you dont mind me askingbut not sure where to put my first TP. At nearest S/R?
Thanx
  • #1,905
  • May 16, 2013 10:36am May 16, 2013 10:36am
Quoting Davit
reentered another long at 8190 With all negative data I am surprised this thing is not shooting up.Absolutely negative everything {image}
i'm also long from 8190..Hopefully Green Pips Mate...
  • #1,906
  • May 16, 2013 10:43am May 16, 2013 10:43am
Quoting Davit
reentered another long at 8190 With all negative data I am surprised this thing is not shooting up.Absolutely negative everything {image}
Checkout Gold! That must be the reason!
  • #1,907
  • May 16, 2013 12:14pm May 16, 2013 12:14pm
Quoting akki300986
{quote} 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


Global Central Banks are not put off buying NZD bonds given the interest rate being at the top (including AUD) of the list. Once price reaches a decent level for them they will be jumping back on board. NZD economy is fairly risk free in comparison to most places and i dont see the end of QE being a concern just yet.

Maybe in the coming weeks months but not quite yet. With the Japanese jumping on the prinitng wagon and likely the UK and EU to follow this has time left IMO.
Money never sleeps...
  • #1,908
  • May 16, 2013 12:18pm May 16, 2013 12:18pm
Eur goes UP, nice bulls momentum at m1.
  • #1,909
  • May 16, 2013 12:56pm May 16, 2013 12:56pm
Hi everybody, I'm new here.
NzdUsd is a very technical pair, and if chart is read properly quite profitable.
In my opinion to tell what's next, you need to see a broader market.
Usd was getting stronger till today, and it will again in a few weeks I think, but after a break.
Now it should be time to sell higher Euro accumulated by smart money recently. This means it should get higher, making wave C in 2 wave of the downtrend. It is possible that it will reach 61,8% fibo of the fall since Jan (wave 1). This could be also reflected in NzdUsd pair by getting back to 38-50% fibo of last down wave. And then, fundamentally Euro n Nzd should fall with the most agressive wave no. 3. It's just my scenario, and I wonder what do you think abut this one. Now I'm long with a small position as I think I'm playing a contrary to to valid downside trend.


Regards!
  • #1,910
  • May 16, 2013 1:09pm May 16, 2013 1:09pm
Quoting mr.thinker
{quote} Davit, i'm curious why do you think buying NZD is safer than AUD?
NZ economy is better in simple terms.
In trading, you have to be defensive and aggressive at the same time
  • #1,911
  • May 16, 2013 1:12pm May 16, 2013 1:12pm
Quoting lukyman
{quote} Hello Davit. I have two micro lots at 8180. Hope you dont mind me askingbut not sure where to put my first TP. At nearest S/R? Thanx
Its up to you.I like to reach maximum potential of the move.That could be 84-85.If short term then 50-60pips is fine.
In trading, you have to be defensive and aggressive at the same time
  • #1,912
  • May 16, 2013 1:13pm May 16, 2013 1:13pm
Quoting ChocoKing
Hi everybody, I'm new here. NzdUsd is a very technical pair, and if chart is read properly quite profitable. In my opinion to tell what's next, you need to see a broader market. Usd was getting stronger till today, and it will again in a few weeks I think, but after a break. Now it should be time to sell higher Euro accumulated by smart money recently. This means it should get higher, making wave C in 2 wave of the downtrend. It is possible that it will reach 61,8% fibo of the fall since Jan (wave 1). This could be also reflected in NzdUsd...
It would of been great if you drew your chart with fib projection.
Picture is worth thousand words
In trading, you have to be defensive and aggressive at the same time
  • #1,913
  • May 16, 2013 1:15pm May 16, 2013 1:15pm
  •  Noeliu
  • | Joined Apr 2013 | Status: Hit SL?? Clicked the wrong button | 51 Posts
Chocoking 1st post welcome to the "learn-a-lot" thread.
  • #1,914
  • May 16, 2013 2:28pm May 16, 2013 2:28pm
Ok now fully loaded....


Will be setting TP at 0.846 on the longs and 0.82 on the pending shorts.

Im going to just let this play out and try to not change this strategy as usually my emotions get the better of me.

looking for up to 0.846 to 0.865

then back down to 0.82

Lets do this MM
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh4.png Size: 51 KB
Money never sleeps...
  • #1,915
  • May 16, 2013 2:51pm May 16, 2013 2:51pm
would you tell me what SL you set mr ?
  • #1,916
  • May 16, 2013 2:52pm May 16, 2013 2:52pm
Quoting Davit
{quote} It would of been great if you drew your chart with fib projection. Picture is worth thousand words
Sure, here we go.
Attached Image (click to enlarge)
Click to Enlarge Name: 87D5E8DD-1B21-4F47-AA31-966AFC1191E4.JPG Size: 311 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AB4A786C-0707-4440-9743-DC701B3B4C6F.JPG Size: 367 KB
  • #1,917
  • May 16, 2013 2:53pm May 16, 2013 2:53pm
Quoting Noeliu
Chocoking 1st post welcome to the "learn-a-lot" thread.
  • #1,918
  • May 16, 2013 4:16pm May 16, 2013 4:16pm
back from hollyd
  • #1,919
  • May 16, 2013 6:14pm May 16, 2013 6:14pm
Quoting Davit
{quote} Its up to you.I like to reach maximum potential of the move.That could be 84-85.If short term then 50-60pips is fine.
Many Thanx. Mostly able to find decent set-ups/entries but still trying to find a consistent strat' for exiting.
Much studying of fibo levels/, S/Rs/, 1/3 ratio but just getting bewildered. So, again thanx.
  • #1,920
  • May 16, 2013 6:17pm May 16, 2013 6:17pm
Anybody on board on the northern train to the North Pole for this currency?
Make your losses in demo. Earn your profits live.
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