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NZD/USD

  • #2,061
  • May 23, 2013 1:14pm May 23, 2013 1:14pm
Quoting Davit
{quote} 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
Wow! Big account! I made +230 pips and almost done for the week. It wasn't for me. Hardly dared to enter. Hope for more stability next couple of weeks. Just curious to know your holding limit. Means you said -1200 pips already, so how much you can hold roughly if market goes against you?
  • #2,062
  • May 23, 2013 1:18pm May 23, 2013 1:18pm
Quoting namitak007
{quote}Wow! Big account! I made +230 pips and almost done for the week. It wasn't for me. Hardly dared to enter. Hope for more stability next couple of weeks. Just curious to know your holding limit. Means you said -1200 pips already, so how much you can hold roughly if market goes against you?

I make that decision "how much" before entering.on UC up for 10800 500pips above 10300 on Kiwi 74
account size is irrelevant.You can always reduce your lots to maximize mileage.Important factor for weekly trading.
In trading, you have to be defensive and aggressive at the same time
  • #2,063
  • May 23, 2013 1:20pm May 23, 2013 1:20pm
Quoting Davit
{quote} I make that decision "how much" before entering.on UC up for 10800 500pips above 10300 on Kiwi 74
Great but doesn't that a "risk" if breakout happens? Means take an example of 2008
  • #2,064
  • May 23, 2013 1:25pm May 23, 2013 1:25pm
Quoting namitak007
{quote}Great but doesn't that a "risk" if breakout happens? Means take an example of 2008
I do consider historical extremes.2008 was the housing bubble collapse.Nothing of sort now. Every country is more or less in rescission.Parity globally
To protect the account one can place emergency stops for extremes.Trading is inherently risky but risk has been exaggerated greatly.Read about supply and demand.We are simply selling or buying a product and no product now is more valuable to cause extremes.
Attached File(s)
File Type: pdf BRV_S+R_Trading.pdf   652 KB | 430 downloads
In trading, you have to be defensive and aggressive at the same time
  • #2,065
  • May 23, 2013 1:35pm May 23, 2013 1:35pm
Quoting Davit
{quote}I do consider historical extremes.2008 was the housing bubble collapse.Nothing of sort now. Every country is more or less in rescission.Parity globallyTo protect the account one can place emergency stops for extremes.Trading is inherently risky but risk has been exaggerated greatly.Read about supply and demand.We are simply selling or buying a product and no product now is more valuable to cause extremes. {image}
Thanks
  • #2,066
  • May 23, 2013 2:06pm May 23, 2013 2:06pm
All green now! within plan (but not as planned) and within limits. loaded up just above 0.8020 which brought my average down to 0.8135. Sold 3/4 of the position. There may be another long entry coming.
  • #2,067
  • May 23, 2013 4:02pm May 23, 2013 4:02pm
Closed out all profitable trades (left with two on NZD and 2 on UCAD)

Put me up a good chunk but holding the negative still. Will either get them off on further dollar weakness or reload the ones i closed at the bottom (or top) of the range,

Happy times
Money never sleeps...
  • #2,068
  • May 23, 2013 4:07pm May 23, 2013 4:07pm
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
Pips are nice but it's only a unit of measurement. A guy w .1 lot may outlast the guy with 1 lot but it is all relative to the account, margin etc.

Quoting Davit
{quote}I was just explaining did not perceive you were attacking.green pips
You too
When the facts change I change my mind, what do you do sir
  • #2,069
  • May 23, 2013 6:54pm May 23, 2013 6:54pm
next stop .7911
  • #2,070
  • May 23, 2013 7:01pm May 23, 2013 7:01pm
Anyways with Aussie. Currently at 78% Fib, which is acting like resistance. May was to retest. My swing low theory is void if it fails to break this resistance. Target 1 .9665 hit. Next .955

Kiwi targets in blue. Potential topside white.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 2013-05-23-TOS_Aussie.png Size: 173 KB
Click to Enlarge Name: 2013-05-23-TOS_Kiwi.png Size: 162 KB
When the facts change I change my mind, what do you do sir
  • #2,071
  • May 25, 2013 11:20am May 25, 2013 11:20am
Take a look at AudChf: the long term head and shoulder has been formalized.
Attached Image (click to enlarge)
Click to Enlarge Name: audchf.gif Size: 28 KB
  • #2,072
  • May 27, 2013 3:38am May 27, 2013 3:38am
Strong resistance for NzdUsd
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd.gif Size: 54 KB
  • #2,073
  • May 27, 2013 4:30am May 27, 2013 4:30am
Just a two cent opinion of mine on the NU pairs
On the major trend, the NZDUSD broke past its 100SMAs (significant movement) and seems to be on the way of a reversal movement. Daily & H4 definitely shows of a downtrend movement. The question is probably how much more downtrend before we see a reversal. Trading in the short term we should be expecting the NZDUSD to hit once more 0.8000 level and it would determine the direction of the NZDUSD pair.

As attached is my analysis.
Please feel free to comment on my blog --> http://alternateforexiew.wordpress.com
Attached File(s)
File Type: pdf NZDUSD 26MAY.pdf   318 KB | 321 downloads
Knowledge is powerful tool that we can ever have.
  • #2,074
  • May 27, 2013 11:00am May 27, 2013 11:00am
Quoting elisab
Strong resistance for NzdUsd {image}


EURNZD?
Money never sleeps...
  • #2,075
  • May 27, 2013 8:31pm May 27, 2013 8:31pm
Still waiting for some movement,

expecting us to play in the range from 0.80 to 0.825 this week.

In the event of a drop beneath 0.80 i have a pending order also at 0.79 and will likely add a couple manually between .79 and 0.8.

Deending on the speed of any proposed move south i will adjust the bottom buy order to be just above the top of the 3 lines (wherever that may be).

Not expecting to see price break 0.80 though on this bear trend. Dollar is already out of its comfort zone.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdweekly.png Size: 55 KB
Money never sleeps...
  • #2,076
  • Edited May 28, 2013 2:17am May 27, 2013 10:25pm | Edited May 28, 2013 2:17am
Waiting on US news Wednesday am ( NZ time) and Stats this Friday (NZ time). Treading water currently waiting for news - support found, or down to .76 -> news will the driver.
Attached Image (click to enlarge)
Click to Enlarge Name: Image1.png Size: 15 KB
  • #2,077
  • May 28, 2013 3:59am May 28, 2013 3:59am
Quoting inpatient
{quote} EURNZD?

Yes, exactly, EurNzd… a very liquid cross to diversify the bear market of the Kiwi.
  • #2,078
  • May 28, 2013 4:09pm May 28, 2013 4:09pm
Appears Kiwi looking at down leg - unless news proves otherwise.
  • #2,079
  • May 28, 2013 10:01pm May 28, 2013 10:01pm
Quoting Pip Anon
Anyways with Aussie. Currently at 78% Fib, which is acting like resistance. May was to retest. My swing low theory is void if it fails to break this resistance. Target 1 .9665 hit. Next .955 Kiwi targets in blue. Potential topside white. {image} {image}
Man I'm good!
When the facts change I change my mind, what do you do sir
  • #2,080
  • May 28, 2013 10:02pm May 28, 2013 10:02pm
Quoting Davit
{quote} 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

Soooo whats your time frame?
When the facts change I change my mind, what do you do sir
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