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NZD/USD

  • #1,941
  • May 17, 2013 12:31am May 17, 2013 12:31am
one word for this market: Shitty!
  • #1,942
  • May 17, 2013 1:27am May 17, 2013 1:27am
sounds like you're long too! i do not believe the US will quietly stand by as the USD appreciates against JPY, and the Japanese reaping nice growth, the Koreans are fighting back, i am sure the US is not too far away from declaring its currency overvalued, and instigating corrections for a more "realistic valuation".
Quoting namitak007
one word for this market: Shitty!
  • #1,943
  • May 17, 2013 1:30am May 17, 2013 1:30am
Boy when then Kiwi and Aussie sell off it is unmerciful man o man
  • #1,944
  • May 17, 2013 3:12am May 17, 2013 3:12am
Quoting iNZane
sounds like you're long too! i do not believe the US will quietly stand by as the USD appreciates against JPY, and the Japanese reaping nice growth, the Koreans are fighting back, i am sure the US is not too far away from declaring its currency overvalued, and instigating corrections for a more "realistic valuation". {quote}
I am frustrated! 5 times SLs hit in last 5 attempts! I am off for this week! Let them f*ck market. I will enter after their ejaculation! Literally frustrated! Excuse me for my bad words!
  • #1,945
  • May 17, 2013 3:35am May 17, 2013 3:35am
Quoting namitak007
{quote} I am frustrated! 5 times SLs hit in last 5 attempts! I am off for this week! Let them f*ck market. I will enter after their ejaculation! Literally frustrated! Excuse me for my bad words!
your SLs got hit, i'm sitting on the red pips. what is worse? i'm buying the dips, selling the bounces, so i moved my average about 30 pips less red. still i think on a cash position you'd be better off. Unless/until of course this thing turns around....
  • #1,946
  • May 17, 2013 3:45am May 17, 2013 3:45am
Quoting iNZane
{quote} your SLs got hit, i'm sitting on the red pips. what is worse? i'm buying the dips, selling the bounces, so i moved my average about 30 pips less red. still i think on a cash position you'd be better off. Unless/until of course this thing turns around....
hmm! Total loss 250+ pips on NU and 200 on AU. In total almost 500 pips. Busted my last weeks half of profit on these shits. Just trying the AU to minimize any loss. currently longed for 50 pips let's hope for best
  • #1,947
  • May 17, 2013 3:51am May 17, 2013 3:51am
Quoting namitak007
{quote} hmm! Total loss 250+ pips on NU and 200 on AU. In total almost 500 pips. Busted my last weeks half of profit on these shits. Just trying the AU to minimize any loss. currently longed for 50 pips let's hope for best
my profit for the month is gone and then some... ouch
  • #1,948
  • May 17, 2013 3:57am May 17, 2013 3:57am
most promising sign i see it the US 30 year treasury rate dropping again. was 3.19 a couple days ago, now 3.08. that does no look like the big players believe in the US interest rate going up any time soon. as long as we have a nice rate spread, being long on NU will make some money. i do watch the rates, that's what did in the AUD and dragged down the NZD. Once it comes clear that NZ and AU can go different ways, i believe the NZ will be a bit stronger.
  • #1,949
  • May 17, 2013 4:02am May 17, 2013 4:02am
Quoting iNZane
most promising sign i see it the US 30 year treasury rate dropping again. was 3.19 a couple days ago, now 3.08. that does no look like the big players believe in the US interest rate going up any time soon. as long as we have a nice rate spread, being long on NU will make some money. i do watch the rates, that's what did in the AUD and dragged down the NZD. Once it comes clear that NZ and AU can go different ways, i believe the NZ will be a bit stronger.
Well I don't believe US data. They are just manipulating the market by their way. What most scary thing is it's just mid of May. If this continues we may see a worst scenario of sell off that will make a history. You can see after almost weak US data still AU and NU sold more than 100 pips in 2 hours. So it's just manipulation we small traders will never understand. Only hope is 21st May. If RBA can do some positive moves they can keep some life in bulls or we can get more south moves.
  • #1,950
  • May 17, 2013 4:16am May 17, 2013 4:16am
Quoting namitak007
{quote} Well I don't believe US data. They are just manipulating the market by their way. What most scary thing is it's just mid of May. If this continues we may see a worst scenario of sell off that will make a history. You can see after almost weak US data still AU and NU sold more than 100 pips in 2 hours. So it's just manipulation we small traders will never understand. Only hope is 21st May. If RBA can do some positive moves they can keep some life in bulls or we can get more south moves.

Hi, of course that their data are regulated, but what to do... Believe yourself, that usd/nzd is terrible.. to know it at 6am Gmt
  • #1,951
  • May 17, 2013 4:40am May 17, 2013 4:40am
Quoting iNZane
most promising sign i see it the US 30 year treasury rate dropping again. was 3.19 a couple days ago, now 3.08. that does no look like the big players believe in the US interest rate going up any time soon. as long as we have a nice rate spread, being long on NU will make some money. i do watch the rates, that's what did in the AUD and dragged down the NZD. Once it comes clear that NZ and AU can go different ways, i believe the NZ will be a bit stronger.
Just my opinion, but i do not believe that the NZD can ever really move in the opposite direction of the AUD for too long. Australia is New Zealand's biggest market.
  • #1,952
  • May 17, 2013 5:02am May 17, 2013 5:02am
not opposite, just diverge. have a look at the AUDNZD pair, there's lots of room
Quoting Matt.T
{quote} Just my opinion, but i do not believe that the NZD can ever really move in the opposite direction of the AUD for too long. Australia is New Zealand's biggest market.
  • #1,953
  • May 17, 2013 5:09am May 17, 2013 5:09am
Another entry opportunità for AudNzd in area 1.20!!
  • #1,954
  • May 17, 2013 7:18am May 17, 2013 7:18am
I sense price resistance on down side is getting stronger.
from london to NY just 35pips.That is encouraging.I am building shorts on UCAD ideal spot above 280.You got very little fear on upside on UCAD.
I do advise shorting if you got funds left.
In trading, you have to be defensive and aggressive at the same time
  • #1,955
  • May 17, 2013 7:22am May 17, 2013 7:22am
is it only I see completed fifth wave of elliote on H1 ??
  • #1,956
  • Edited 8:01am May 17, 2013 7:34am | Edited 8:01am
Quoting pcca-matrix
back from hollyd
dont know why my post was truncated ...

So , i'm back from hollyday and see 8150 as expected !

My last trade for the year (i'm always stop trading before summer) will be long audusd , eurusd, nzdusd,gbpusd

why ? too much people are confident on the dollard and this is the best time to short USD

Good luck to all this summer.
  • #1,957
  • May 17, 2013 7:57am May 17, 2013 7:57am
Quoting Davit
I sense price resistance on down side is getting stronger. from london to NY just 35pips.That is encouraging.I am building shorts on UCAD ideal spot above 280.You got very little fear on upside on UCAD. I do advise shorting if you got funds left.
Well I will say we need to wait as Bad CAD data + USD bulls = more north!
Correct me if I am wrong! It's Friday and now almost UK is going to close so I don't expect more movement.


Quoting Davit
I do advise shorting if you got funds left.
hahah!
  • #1,958
  • May 17, 2013 8:05am May 17, 2013 8:05am
Quoting namitak007
{quote} Well I will say we need to wait as Bad CAD data + USD bulls = more north! Correct me if I am wrong! It's Friday and now almost UK is going to close so I don't expect more movement. {quote} hahah!
Added another short 3 total on Cad all 3 in profit in 20min.
Fact is price travels faster going down then up.On historical levels anything above 200 on UCAD is short territory.
There is little stress on shorting the Cad on this level.
My strategy is building a position on 2 fronts.Each his own.Good luck
In trading, you have to be defensive and aggressive at the same time
  • #1,959
  • May 17, 2013 8:08am May 17, 2013 8:08am
Anyone still holding Long NZD or AUD at this time? I'm already min 690 pips.my account can only takes 450 pips left or it will RIP..
  • #1,960
  • May 17, 2013 8:15am May 17, 2013 8:15am
Quoting mr.thinker
Anyone still holding Long NZD or AUD at this time? I'm already min 690 pips.my account can only takes 400 pips left or it will RIP..
Me ! but i'm just open NZD Long @ 0.80728 , AUD @.097236 just after the US good news (US bull trap), my SL is @.7780 for NZD and .9410 for AUD and i maybe add one more long if it reach 0.8050 with the same SL.
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