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NZD/USD

  • #3,101
  • Feb 26, 2014 3:02pm Feb 26, 2014 3:02pm
Quoting Pharm0r
{quote} Yes, but the reaction is rather muted compared to the news. I'll be holding my shorts still. We'll see how this daily candle closes tonight...but without a weekly HH- I'll hold.
Oh yeah the bias is still shorting.. I was just looking forward to the elevator down as opposed the stairs.
There are those who know, and there are those who don't know.
  • #3,102
  • Feb 26, 2014 3:03pm Feb 26, 2014 3:03pm
Quoting palabara
{quote} my 2 cents look for a position around Resistance if it goes back up like that its good R:R If it breaks Resistance close if it bounces back.. You'll have green pips.
Couldn't agree more. Shorted 3 positions at resistance.
  • #3,103
  • Feb 26, 2014 3:26pm Feb 26, 2014 3:26pm
My TP is down at 0.8252 I still think the Kiwi is overvalued vs the USD. I think I may have to hold on a few more days
  • #3,104
  • Feb 26, 2014 3:58pm Feb 26, 2014 3:58pm
F*ck the widened spreads!

I entered short at 0.83084, and got stopped out because of widened spread at 0.83212 and my target was 0.83018.

I would have won the trade if not for the fkin widening of the spread

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdm5.png Size: 28 KB
"There's a sucker born every minute" - P.T. Barnum
  • #3,105
  • Feb 26, 2014 4:09pm Feb 26, 2014 4:09pm
Today's Markets Wrap & Strategy bank report from the Bank of New Zealand
  • #3,106
  • Feb 26, 2014 4:35pm Feb 26, 2014 4:35pm
Quoting palabara
{quote} Lol maybe that invisible hand has more to lose then me, and were just on the same side of the fence.
Only 60 pips to go!!! Go Pala!!! Don't forget say Hi to the Forex Fairies for us when you are in the Great PipsLand!!
Attached Image (click to enlarge)
Click to Enlarge Name: NZ_BigDip.JPG Size: 101 KB
Make your losses in demo. Earn your profits live.
  • #3,107
  • Feb 26, 2014 5:06pm Feb 26, 2014 5:06pm
Quoting Proximus
F*ck the widened spreads! I entered short at 0.83084, and got stopped out because of widened spread at 0.83212 and my target was 0.83018. I would have won the trade if not for the fkin widening of the spread {image}
What broker did you use, and how far did they widen it?
There are those who know, and there are those who don't know.
  • #3,108
  • Feb 26, 2014 5:08pm Feb 26, 2014 5:08pm
Quoting Forexia
{quote} Only 60 pips to go!!! Go Pala!!! Don't forget say Hi to the Forex Fairies for us when you are in the Great PipsLand!! {image}
Lol, its called perseverance.. Definition.. your dumb and hard headed and set your sights on expansive targets! Its almost like running a marathon, and every time you get close they move the finish line.. keep going your almost there!
There are those who know, and there are those who don't know.
  • #3,109
  • Feb 26, 2014 5:09pm Feb 26, 2014 5:09pm
Here is an updated market picture..Notice how close were getting to the squeeze.. Ironically at the rate were going it'll just trade right into.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd.dmah4.png Size: 65 KB
There are those who know, and there are those who don't know.
  • #3,110
  • Feb 26, 2014 5:43pm Feb 26, 2014 5:43pm
Quoting palabara
{quote} What broker did you use, and how far did they widen it?
Deltastock, and it was exactly 56 pipettes (+- slippage), pretty large, but understantable, the pair its not in a very liquid time to scalp

It was my fault so i just better go scalp some pesos and cables
"There's a sucker born every minute" - P.T. Barnum
  • #3,111
  • Feb 26, 2014 6:17pm Feb 26, 2014 6:17pm
Quoting Proximus
{quote} Deltastock, and it was exactly 56 pipettes (+- slippage), pretty large, but understantable, the pair its not in a very liquid time to scalp It was my fault so i just better go scalp some pesos and cables
One of my other brokers is Forex FS and they have a very tight spread throughout the whole precession. Should check them out.
There are those who know, and there are those who don't know.
  • #3,112
  • Feb 26, 2014 6:32pm Feb 26, 2014 6:32pm
Quoting Proximus
{quote} Deltastock, and it was exactly 56 pipettes (+- slippage), pretty large, but understantable, the pair its not in a very liquid time to scalp It was my fault so i just better go scalp some pesos and cables
NZDUSD's spread can get pretty wide sometimes especially during the daily cut-off but still a 17+ spread is unacceptable. Is your trading account Delta Trading or Delta Trading ECN? And cables spread can get pretty large too.
Make your losses in demo. Earn your profits live.
  • #3,113
  • Feb 26, 2014 6:35pm Feb 26, 2014 6:35pm
Quoting Forexia
{quote} NZDUSD's spread can get pretty wide sometimes especially during the daily cut-off but still a 17+ spread is unacceptable. Is your trading account Delta Trading or Delta Trading ECN? And cables spread can get pretty large too.
Throughout the whole time.. Forex FS was less then 1 pip spread ECN..
There are those who know, and there are those who don't know.
  • #3,114
  • Feb 26, 2014 6:40pm Feb 26, 2014 6:40pm
Quoting palabara
{quote} Lol, its called perseverance.. Definition.. your dumb and hard headed and set your sights on expansive targets! Its almost like running a marathon, and every time you get close they move the finish line.. keep going your almost there!
Well it's all gonna be worth it at the end!! That's why ppl are so hooked on marathons. Wow!! 100+ pips in just FOUR days!! We'll be cheering for you at the finish line!!
Make your losses in demo. Earn your profits live.
  • #3,115
  • Feb 26, 2014 6:48pm Feb 26, 2014 6:48pm
Quoting Forexia
{quote} Well it's all gonna be worth it at the end!! That's why ppl are so hooked on marathons. Wow!! 100+ pips in just FOUR days!! We'll be cheering for you at the finish line!!
You got a picture of a cat..

You'll appreciate this.

http://www.tickld.com/x/this-ladys-c...pthis-happened
There are those who know, and there are those who don't know.
  • #3,116
  • Feb 26, 2014 6:50pm Feb 26, 2014 6:50pm
Quoting palabara
{quote} Throughout the whole time.. Forex FS was less then 1 pip spread ECN..
Where is this broker? With my broker, all the pairs' spread are good except the NZDUSD pair, it can get to as wide as 3 pips especially during the 5:00 PM EST cut-off on Friday. Plus, that pair stops trading altogether at around 1:00 PM EST for like 15 minutes everyday; the quotes for the NZDUSD pair would completely disappear from the platform. I asked my broker about this and they claimed that this is something that is set in New Zealand and it applies to all banks. When I asked further, another CSR or my broker stated to me is because it's due to the forex futures for this pair shuts down for 15 min. during that time so the spot forex has to match it.

I have since demo'ed with lots of other brokers and none of the brokers seem to have this rule. The NZDUSD trading is seamless everywhere for 6 days a week except my broker. Pala, since you are from New Zealand, I would really love to hear from you on this.
Make your losses in demo. Earn your profits live.
  • #3,117
  • Feb 26, 2014 6:53pm Feb 26, 2014 6:53pm
Quoting Forexia
{quote} Where is this broker? With my broker, all the pairs' spread are good except the NZDUSD pair, it can get to as wide as 3 pips especially during the 5:00 PM EST cut-off on Friday. Plus, that pair stops trading altogether at around 1:00 PM EST for like 15 minutes everyday; the quotes for the NZDUSD pair would completely disappear from the platform. I asked my broker about this and they claimed that this is something that is set in New Zealand and it applies to all banks. When I asked further, another CSR or my broker stated to me is because...
They are from Australia, they are regulated by Australia and been around since 2008.

I'm not from New Zealand lol. I'm from New York.

http://forexfs.com/
There are those who know, and there are those who don't know.
  • #3,118
  • Feb 26, 2014 7:04pm Feb 26, 2014 7:04pm
Quoting palabara
{quote} You got a picture of a cat.. You'll appreciate this. http://www.tickld.com/x/this-ladys-c...pthis-happened
That guy is an azz!! But the woman is dumb though. Is this a real story? Why couldn't she just put up the poster with the picture of her cat herself? Hasn't she heard of the saying "if you want something done right, you have to do it yourself"? I just saw that question on one of the "Who Wants to be a Millionaire? Fails" video.
Make your losses in demo. Earn your profits live.
  • #3,119
  • Feb 26, 2014 7:06pm Feb 26, 2014 7:06pm
Quoting palabara
{quote} They are from Australia, they are regulated by Australia and been around since 2008. I'm not from New Zealand lol. I'm from New York. http://forexfs.com/
Oh WHY did I think you are from New Zealand???!!! Because you are trading the NZD pair so well?
Make your losses in demo. Earn your profits live.
  • #3,120
  • Feb 26, 2014 7:07pm Feb 26, 2014 7:07pm
Quoting Ken A
Looks like against the odd being the only long {image}
Looks like you've got an opponent, Pala. Bull against Bear, Here we go!!!
Make your losses in demo. Earn your profits live.
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