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NZD/USD

  • #2,041
  • May 23, 2013 5:03am May 23, 2013 5:03am
Quoting Pip Anon
{quote} That's great bro, glad you held in.. did you see my aussie drop Yearly targets apparently aren't deep enough lol Edit: I do think a small bump up around .9580-75 {image} {image}
well i was close with the bump up
When the facts change I change my mind, what do you do sir
  • #2,042
  • May 23, 2013 5:15am May 23, 2013 5:15am
good morning guys.Woke up after only 4hr of sleep and pleasantly my red tape is cut in half.
My upper UC is in profit.Hopefully it continues if unemployment numbers are bad we could see real serious reversal.
Cheers everyone who still hanging on.

Steph you should feel little better.
In trading, you have to be defensive and aggressive at the same time
  • #2,043
  • May 23, 2013 5:26am May 23, 2013 5:26am
Week to be closed above 0.8075. If this recovery will not happen, then we are going to face a heavy fall of the Kiwi.
  • #2,044
  • May 23, 2013 5:42am May 23, 2013 5:42am
Quoting Davit
good morning guys.Woke up after only 4hr of sleep and pleasantly my red tape is cut in half.My upper UC is in profit.Hopefully it continues if unemployment numbers are bad we could see real serious reversal.Cheers everyone who still hanging on. Steph you should feel little better.
How red were you? Looking on the daily, potential swing low. If we can close positive tomorrow w/o making a new low, potential 1.006?
When the facts change I change my mind, what do you do sir
  • #2,045
  • May 23, 2013 5:51am May 23, 2013 5:51am
Quoting Pip Anon
{quote} How red were you? Looking on the daily, potential swing low. If we can close positive tomorrow w/o making a new low, potential 1.006?
more like 1200pips now just 600 keep in mind I am shooting for 6k pip profit with 12 orders on Kiwi and UC
In trading, you have to be defensive and aggressive at the same time
  • #2,046
  • May 23, 2013 5:53am May 23, 2013 5:53am
Quoting Davit
{quote}more like 1200pips now just 600 keep in mind I am shooting for 6k pip profit with 12 orders on Kiwi and UC
Christ - 1200 pip drawdown? You sound like SugarPink. I am curious why traders trade against the current? No need to be salmon. You could have cut it at -600 and still made your money back
When the facts change I change my mind, what do you do sir
  • #2,047
  • May 23, 2013 5:59am May 23, 2013 5:59am
Quoting Pip Anon
{quote} Christ - 1200 pip drawdown? You sound like SugarPink. I am curious why traders trade against the current? No need to be salmon. You could have cut it at -600 and still made your money back

My trading style is different.Only person here understands me best is Inpatient.I average 10% a month.Hitting above 82%
total drawdown on 12 orders but when you consider I am aiming for 5k pips profit then the picture clears up.It is always easier to make statements after the fact.I do take losses when I see clear orders that were misplaced.I cut all my losses on Aussie at 1005 so its not that I recklessly trade.
cheers
In trading, you have to be defensive and aggressive at the same time
  • #2,048
  • May 23, 2013 6:09am May 23, 2013 6:09am
Quoting Pip Anon
{quote} Christ - 1200 pip drawdown? You sound like SugarPink. I am curious why traders trade against the current? No need to be salmon. You could have cut it at -600 and still made your money back

i'm a bit lost on how many pips there are. if i have an entry of say 0.8200 and current price is 0.8100 my thinking would be 100pips. it does not matter if you're big time in the millions or small with a single 10k position.
  • #2,049
  • May 23, 2013 6:13am May 23, 2013 6:13am
Quoting iNZane
{quote} i'm a bit lost on how many pips there are. if i have an entry of say 0.8200 and current price is 0.8100 my thinking would be 100pips. it does not matter if you're big time in the millions or small with a single 10k position.
What are you talking about? I was addressing the AUDUSD. My thinking would be if you're wrong, cut the position and reevaluate. Not hope that it returns, and even if it does it just takes you out of other opportunities.

If I am 100 pips down on a 10K or 500K account is still 100 pips. Odds are 500k accounts aren't trading with .1 lots.
When the facts change I change my mind, what do you do sir
  • #2,050
  • May 23, 2013 6:14am May 23, 2013 6:14am
Quoting Davit
{quote} My trading style is different.Only person here understands me best is Inpatient.I average 10% a month.Hitting above 82%total drawdown on 12 orders but when you consider I am aiming for 5k pips profit then the picture clears up.It is always easier to make statements after the fact.I do take losses when I see clear orders that were misplaced.I cut all my losses on Aussie at 1005 so its not that I recklessly trade.cheers
I am not attacking you or anything. I am just trying to figure your rationale is all. Good trading to you
When the facts change I change my mind, what do you do sir
  • #2,051
  • May 23, 2013 6:20am May 23, 2013 6:20am
Quoting Pip Anon
{quote} What are you talking about? I was addressing the AUDUSD. My thinking would be if you're wrong, cut the position and reevaluate. Not hope that it returns, and even if it does it just takes you out of other opportunities. If I am 100 pips down on a 10K or 500K account is still 100 pips. Odds are 500k accounts aren't trading with .1 lots.

that's what i thought, but on this forum i often see pip numbers reported that are far in excess of what happened in the market
  • #2,052
  • May 23, 2013 6:21am May 23, 2013 6:21am
Quoting Pip Anon
{quote} I am not attacking you or anything. I am just trying to figure your rationale is all. Good trading to you
I was just explaining did not perceive you were attacking.
green pips
In trading, you have to be defensive and aggressive at the same time
  • #2,053
  • May 23, 2013 6:25am May 23, 2013 6:25am
Quoting iNZane
{quote} that's what i thought, but on this forum i often see pip numbers reported that are far in excess of what happened in the market

when you have multiple orders then same 100pip move can become 800pips if you had 8orders.So its relative how many orders.
In trading, you have to be defensive and aggressive at the same time
  • #2,054
  • May 23, 2013 8:45am May 23, 2013 8:45am
Quoting Davit
good morning guys.Woke up after only 4hr of sleep and pleasantly my red tape is cut in half.My upper UC is in profit.Hopefully it continues if unemployment numbers are bad we could see real serious reversal.Cheers everyone who still hanging on. Steph you should feel little better.

Yes sir, trades are at roughly break even right now on both pairs, another push and I will be happy,

11 trades total 6 on NZD and 5 on UCAD, I actually feel more confident with the UCAD trades.

Margin is at 8% of balance which is a little high for me so im keen to drop a few soon.
Money never sleeps...
  • #2,055
  • May 23, 2013 8:59am May 23, 2013 8:59am
if we poke through yesterdays candle top and have a bullish engulfing then it might pay to let this ride, great positive swaps.
Money never sleeps...
  • #2,056
  • May 23, 2013 9:46am May 23, 2013 9:46am
Quoting inpatient
Question for me now is 'where is the exit' Initially yesterday based mainly on fibs and daily range averages I was at 0.835 but now I have lost some nerve I think and im thinking anything above my top order 0.821 Already have my 10% now from these and the UCAD trades so its time not to be greedy (or is it). Developing a split personality

Keep the UC shorts.They have way more to go.I am keeping mine for sure for another 200pips down
In trading, you have to be defensive and aggressive at the same time
  • #2,057
  • May 23, 2013 10:29am May 23, 2013 10:29am
  •  Noeliu
  • | Joined Apr 2013 | Status: Hit SL?? Clicked the wrong button | 51 Posts
Hi everybody! I have a question for you guys. How do you find the best entries for NZDUSD and USDCAD? do you rely on indicators, just every 25pips or do you tweak them somehow?
Thanks!

I think USDCAD is going down big time next week, and NZDUSD could be ranging .80-.83 for quite some time. Take care!
  • #2,058
  • May 23, 2013 10:58am May 23, 2013 10:58am
deleted my response.I am getting increasingly nervous new traders doing things when they are not ready.
Trading is 80% psychology and self control.Before asking any questions I suggest to work on self.
In trading, you have to be defensive and aggressive at the same time
  • #2,059
  • May 23, 2013 11:05am May 23, 2013 11:05am
Quoting Davit
deleted my response.I am getting increasingly nervous new traders doing things when they are not ready.Trading is 80% psychology and self control.Before asking any questions I suggest to work on self.

Hey Davit, how are you doing this week? I am sure you banked some great pips.
  • #2,060
  • May 23, 2013 11:09am May 23, 2013 11:09am
Quoting namitak007
{quote} Hey Davit, how are you doing this week? I am sure you banked some great pips.

I did not close any orders.Positive news is I was -1200 pips in red and now only -160 and only in 24hrs.
Looking for 5k pip gain on UC and Kiwi
In trading, you have to be defensive and aggressive at the same time
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