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NZD/USD

  • #2,121
  • Jun 4, 2013 5:23am Jun 4, 2013 5:23am
Quoting iNZane
my remaining longs NU got stopped out early today, locking in nice profit. the kiwi held above the 80, so i'm adding longs again here. at this point i'm trading strictly off past resistance levels, ignoring apparent momentum. that has worked best for me with this pair.
well what are your Sls? Because I don't think it's a proper time to say bullish. I will long only after .82 is broken. till then I will short only. As far as my concern I shorted @.81 and still kept it open. TP is open. another short is pending @.799

here is my analysis and it worked good till now: http://www.forexfactory.com/showthre...66#post6722666
  • #2,122
  • Jun 4, 2013 6:24am Jun 4, 2013 6:24am
Quoting namitak007
{quote} well what are your Sls? Because I don't think it's a proper time to say bullish. I will long only after .82 is broken. till then I will short only. As far as my concern I shorted @.81 and still kept it open. TP is open. another short is pending @.799 here is my analysis and it worked good till now: http://www.forexfactory.com/showthre...66#post6722666
i was long for weeks, but when it hit .7960 late friday after us business hours i added logs to the limit. i thought the amount of drop at that time was just too much, you know no actual business gets done, only traders playing, and big players moving the market to scoop up stops. Market went up monday i closed out 1/5 fo the longs at .81 then set the SL to 0.8090, which of course got triggered not long after that.

on principal i agree with you that the overall picture for this market is still down. long term i think the kiwi is better managed than the USD. I went long again expecting to capture the 38% of the last drop from 0.81 to 0.8007, TP at 0.8045. almost there now.....
  • #2,123
  • Jun 4, 2013 9:06am Jun 4, 2013 9:06am
Quoting iNZane
{quote} i was long for weeks, but when it hit .7960 late friday after us business hours i added logs to the limit. i thought the amount of drop at that time was just too much, you know no actual business gets done, only traders playing, and big players moving the market to scoop up stops. Market went up monday i closed out 1/5 fo the longs at .81 then set the SL to 0.8090, which of course got triggered not long after that. on principal i agree with you that the overall picture for this market is still down. long term i think the kiwi is better managed...
got really close, did not make it, closed position.

i'll keep watching here, waiting for a better entry point, long or short...
  • #2,124
  • Jun 4, 2013 9:10am Jun 4, 2013 9:10am
Quoting iNZane
{quote} i was long for weeks, but when it hit .7960 late friday after us business hours i added logs to the limit. i thought the amount of drop at that time was just too much, you know no actual business gets done, only traders playing, and big players moving the market to scoop up stops. Market went up monday i closed out 1/5 fo the longs at .81 then set the SL to 0.8090, which of course got triggered not long after that. on principal i agree with you that the overall picture for this market is still down. long term i think the kiwi is better managed...
yup! well my short is still open. I will be in sleep when AUD puts GDP tomorrow so I will not be there. So I will move my SL in green before going to bed to avoid any spike up. Tomorrow we may see some 100 pips rally if AUD data misses the forecast. So open TP and green SL will result in profit only. Let's see what happens!
  • #2,125
  • Jun 4, 2013 9:32am Jun 4, 2013 9:32am
Quoting namitak007
{quote} well what are your Sls? Because I don't think it's a proper time to say bullish. I will long only after .82 is broken. till then I will short only. As far as my concern I shorted @.81 and still kept it open. TP is open. another short is pending @.799 here is my analysis and it worked good till now: http://www.forexfactory.com/showthre...66#post6722666
2nd short got triggered! Added tight SL and again open TP till I go to bed! 1st short in good +110 pips
  • #2,126
  • Jun 4, 2013 10:45pm Jun 4, 2013 10:45pm
Quoting namitak007
{quote} 2nd short got triggered! Added tight SL and again open TP till I go to bed! 1st short in good +110 pips
okay! SLs got hit. Total +120 Pips. Not bad! Happy. But just disappointed how it reacted to bad data. Expected to see .795 today but it's around .805 Well anyways it will give me another chance to short. Waiting for .807 to load .2 lot short!
  • #2,127
  • Jun 5, 2013 5:21am Jun 5, 2013 5:21am
Just shorted NZDUSD @ 0.8045 with a tight SL at 0.8060. TP target was 0.7960.
Here's my analysis on why so.
More CCY pairs at http://alternateforexiew.wordpress.c...ployment-next/
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD 5JUNE.jpg Size: 204 KB
Knowledge is powerful tool that we can ever have.
  • #2,128
  • Jun 5, 2013 5:28am Jun 5, 2013 5:28am
Quoting rikusks
Just shorted NZDUSD @ 0.8045 with a tight SL at 0.8060. TP target was 0.7960. Here's my analysis on why so. More CCY pairs at http://alternateforexiew.wordpress.c...ployment-next/ {image}


I reentered @.805
  • #2,129
  • Jun 5, 2013 8:26pm Jun 5, 2013 8:26pm
Quoting rikusks
Just shorted NZDUSD @ 0.8045 with a tight SL at 0.8060. TP target was 0.7960. Here's my analysis on why so. More CCY pairs at http://alternateforexiew.wordpress.c...ployment-next/ {image}

thanks to your analysis there i did re-consider a long position at 0.8010. your nice work, and posting it here helped me make a better decision!
  • #2,130
  • Jun 6, 2013 12:36am Jun 6, 2013 12:36am
Quoting namitak007
{quote} I reentered @.805
so far so good!!!
  • #2,131
  • Jun 6, 2013 12:37am Jun 6, 2013 12:37am
Quoting namitak007
Hello, Well it's been almost month I have not touched NU. Don't know why but I am not feeling comfortable. Now it's May end so we can expect some bullish movement but if I look at my charts, I feel still it can touch bottoms. I have attached my weekly,daily and h4 charts. Weekly: {image} I have added fib from lowest of 2008 and to the highest of 2011. I suppose it's enough time frame for analysis. We know the 2008 collapse had some different reasons but still I will consider it. So looking at fib, RSI and AC I can see a probability of drop around...
I guess I did good here! Everything was so perfect! Like a crystal ball!
  • #2,132
  • Jun 7, 2013 1:23pm Jun 7, 2013 1:23pm
for the record I closed all my Kiwi longs -960pips but gained +1250pips on UC short.
Just so people don't get the impression I only post the winners.
Taking a loss is part of trading.I am ok.Another day,another battle.
In trading, you have to be defensive and aggressive at the same time
  • #2,133
  • Jun 8, 2013 7:54am Jun 8, 2013 7:54am
An extremely negative sentiment on the Kiwi, but I prefer the long on the Aussie.
  • #2,134
  • Jun 10, 2013 5:27am Jun 10, 2013 5:27am
watch out for Wheeler ... we may see an interest rate hike up .25 ... house prices are still increasing ... NU is way down which means inflationary pressure on the consumer goods sector .... the NZRB may just act
  • #2,135
  • Jun 10, 2013 2:19pm Jun 10, 2013 2:19pm
buy .7885
target .8190
stop .7795
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh4.png Size: 48 KB
  • #2,136
  • Jun 10, 2013 10:31pm Jun 10, 2013 10:31pm
At the point of many of my lines, if we drop through here we could then open up 0.745

Imagine we all held our shorts from 0.86
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdmonthly.png Size: 46 KB
Money never sleeps...
  • #2,137
  • Jun 10, 2013 11:45pm Jun 10, 2013 11:45pm
Quoting inpatient
At the point of many of my lines, if we drop through here we could then open up 0.745 Imagine we all held our shorts from 0.86 {image}

Nice
FF journal: Peaks and Troffs
  • #2,138
  • Jun 11, 2013 3:44am Jun 11, 2013 3:44am
A support for the Kiwi, but the fall is not yet so extreme...
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.gif Size: 41 KB
  • #2,139
  • Jun 12, 2013 5:32am Jun 12, 2013 5:32am
with rate of 2.50 expected o hold this afternoon look for another rally

http://i.imgur.com/C2YEJPz.png
  • #2,140
  • Jun 14, 2013 9:35am Jun 14, 2013 9:35am
The announced end of the bull market of NzdJpy.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdjpy.gif Size: 72 KB
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