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NZD/USD

  • #3,261
  • Mar 4, 2014 4:59pm Mar 4, 2014 4:59pm
This month so far is as bad as the previous one. This whole year, in fact is starting out lot worse than last year.
Make your losses in demo. Earn your profits live.
  • #3,262
  • Mar 4, 2014 4:59pm Mar 4, 2014 4:59pm
I've got 3 shorts with profit right now- since Friday and one on demo from today. Just playing.
Panamera Lifestyle
  • #3,263
  • Mar 4, 2014 5:00pm Mar 4, 2014 5:00pm
Quoting Forexia
This month so far is as bad as the previous one. This whole year, in fact is starting out lot worse than last year.

What do you speak of? Your performance in the market and profits? Or NZD or USD?
  • #3,264
  • Mar 4, 2014 5:00pm Mar 4, 2014 5:00pm
Quoting Rizmeister
{quote} What do you speak of? Your performance in the market and profits? Or NZD or USD?
The amount of available pips up for grabs in the market everyday. Everything is in ranges and nothing moves. You short, you lose money. You long, you lose money too. It's UNREAL. It's like they move 2 pips up, they have to move 2 pips down.
Make your losses in demo. Earn your profits live.
  • #3,265
  • Mar 4, 2014 5:08pm Mar 4, 2014 5:08pm
Quoting Forexia
{quote} The amount of available pips up for grabs in the market everyday. Everything is in ranges and nothing moves. You short, you lose money. You long, you lose money too. It's UNREAL.

Very interesting point....though I do have another opinion on this.....Many of the pairs have been ranging with plenty of opportunity to scalp. You are right when it comes to true trend direction on many pairs....seems pretty flat.
  • #3,266
  • Mar 4, 2014 5:11pm Mar 4, 2014 5:11pm
Quoting Forexia
{quote} The amount of available pips up for grabs in the market everyday. Everything is in ranges and nothing moves. You short, you lose money. You long, you lose money too. It's UNREAL. It's like they move 2 pips up, they have to move 2 pips down.



Perfect Words
Always looking the GREAT, never left GOOD Point...
  • #3,267
  • Mar 4, 2014 5:15pm Mar 4, 2014 5:15pm
Since October, and some times earlier, every time we reach this zone the market reacts with nice bearish candle almost immediately on daily chart. Well, this time the show is either postponed or cancelled.
Panamera Lifestyle
  • #3,268
  • Mar 4, 2014 5:30pm Mar 4, 2014 5:30pm
Quoting Rizmeister
{quote} Very interesting point....though I do have another opinion on this.....Many of the pairs have been ranging with plenty of opportunity to scalp. You are right when it comes to true trend direction on many pairs....seems pretty flat.
You know maybe this is why they have 66% of trading done by electronics and algorithms. I remember reading an article somewhere that Goldman Sachs's trend-following trading forex fund in one year lost $75 million!!! I can't find the article now and will try to post it here once I find it. Imagine that, $75 million gone just by following trends and this is Goldman Sach, supposedly the most prestigeous brokerage house that has the most stringent entrance requirement that only accepts 1 out of like 1000 or something of job applicants!! So not sure trend is really your friend, maybe we should replace ourselves with robots. Gained 1 pip and get out and then go in for another 1 pip and then get out... LOL
Make your losses in demo. Earn your profits live.
  • #3,269
  • Mar 4, 2014 5:37pm Mar 4, 2014 5:37pm
Quoting Forexia
{quote} You know maybe this is why they have 66% of trading done by electronics and algorithms. I remember reading an article somewhere that Goldman Sachs's trend-following trading forex fund in one year lost $75 million!!! I can't find the article now and will try to post it here once I find it. Imagine that, $75 million gone just by following trends and this is Goldman Sach, supposedly the most prestigeous brokerage house that has the most stringent entrance requirement that only accepts 1 out of like 1000 or something of job applicants!! So not...
i've ever seen the robot that you mean "samurai robot"
  • #3,270
  • Mar 4, 2014 5:46pm Mar 4, 2014 5:46pm
The major reason why NZD can stay such high this time is too many Japanese funds buy NZD for positive swap.
  • #3,271
  • Mar 4, 2014 5:53pm Mar 4, 2014 5:53pm
Quoting zew
The major reason why NZD can stay such high this time is too many Japanese funds buy NZD for positive swap.
Why don't these Japanese just short the kiwi and collect the profits with which to buy even more nzd at lower price for the dang swap?
Panamera Lifestyle
  • #3,272
  • Mar 4, 2014 5:54pm Mar 4, 2014 5:54pm
Quoting zew
The major reason why NZD can stay such high this time is too many Japanese funds buy NZD for positive swap.
And if they REALLY want to collect swaps, why don't they go for AU instead? AU pays lot higher interest than NZ?
Make your losses in demo. Earn your profits live.
  • #3,273
  • Mar 4, 2014 5:55pm Mar 4, 2014 5:55pm
Quoting Drizzt
{quote} Why don't these Japanese just short the kiwi and collect the profits with which to buy even more nzd at lower price for the dang swap?
Or better yet buy AU with the profit and then collect the swaps on AU.
Make your losses in demo. Earn your profits live.
  • #3,274
  • Mar 4, 2014 6:01pm Mar 4, 2014 6:01pm
Quoting Forexia
{quote} And if they REALLY want to collect swaps, why don't they go for AU instead? AU pays lot higher interest than NZ?
Perhaps because the NZ economy is doing much better than the AU economy, and (consequently) the NZD is doing much better than the AUD?

That marginal yield advantage ain't gonna feel so good if your Aussie dollars depreciate by 5 per cent.
I have no clue what I'm talking about.
  • #3,275
  • Mar 4, 2014 6:02pm Mar 4, 2014 6:02pm
Quoting Forexia
{quote} You know maybe this is why they have 66% of trading done by electronics and algorithms. I remember reading an article somewhere that Goldman Sachs's trend-following trading forex fund in one year lost $75 million!!! I can't find the article now and will try to post it here once I find it. Imagine that, $75 million gone just by following trends and this is Goldman Sach, supposedly the most prestigeous brokerage house that has the most stringent entrance requirement that only accepts 1 out of like 1000 or something of job applicants!! So not...
People tend to think that just because you have #1 lots of money or #2 a big firm that you must be GOD, and if your wrong then GOD is wrong and how can GOD be wrong?!

No one is above the Market no matter how much money you got, even if you have enough to go to the sky.. More money you have more money you make more money you risk!

The real thing is you can be right 99% of the time but if the 1% your wrong can destroy you, then does the 99% count?

If you want to survive in here.. The shark tank -- THE REAL Shark tank.. Not the crap they put on TV -- Not the rich successful person, but this here is the Shark tank! You need to have nerves of steel, you have to have GOOD money management! You need to not feel that you are right and everyone else is wrong, your opinion is worth as much as the money were trading ZILCH!

Nothing is guaranteed, nothing is set in stone.. The better you react, the better you face the facts and the better you adopt -- the quicker you'll break through the glass of the Shark Tank get up to be one of this rich people where everyone will look at you and be like OOohhhh.

How many people over the years came to Forex Factory and gone.. I'm like one of the VERY few who has been and still is around since 2005 - Can't say that for many that have survived.

You take the punches and you keep going.. oogling and googling the rich and famous hasn't made anyone rich or famous lol. Its like traders are celeburtards for the successful people, and this people did things right, fixed mistakes.. Used money management -- risked it and made it.

You want to be successful -- Take the Risk use proper money management stick to your plan -- and if it don't work change it adjust it tweak it fix it.
Then go on ahead, but all I see all the time on here is people coming in gungho (I used to be like that) Over leveraging every single dollar going bust and crying OMG OMG I lost all my money OMG What happened, why?! WHYYYYYY everyone said it was going to go up it didn't why? why? WHY!!

But everyone said, everyone said soooo..

Want success want to make money.. Head out of clouds into the screen.. Don't listen to EVERYONE. Be Rational, have a plan, have an exit and see it through. Adjust it tweak it, and keep rolling with the punches.

This has been Palabaras moments of truth please tune in next time at 10 PM Eastern standard time.
There are those who know, and there are those who don't know.
  • #3,276
  • Mar 4, 2014 6:20pm Mar 4, 2014 6:20pm
Quoting Forexia
{quote} And if they REALLY want to collect swaps, why don't they go for AU instead? AU pays lot higher interest than NZ?
please google Mrs Watanabe.
  • #3,277
  • Mar 4, 2014 6:25pm Mar 4, 2014 6:25pm
Quoting Boy Wonder
{quote} Perhaps because the NZ economy is doing much better than the AU economy, and (consequently) the NZD is doing much better than the AUD? That marginal yield advantage ain't gonna feel so good if your Aussie dollars depreciate by 5 per cent.
  • #3,278
  • Mar 4, 2014 6:31pm Mar 4, 2014 6:31pm
Quoting palabara
{quote} ....................... Don't listen to EVERYONE. Be Rational, have a plan, have an exit and see it through. Adjust it tweak it, and keep rolling with the punches.
That post, in most of its entirety, is likely one of the better ones I've seen.

All the best !
When the Joker is in the deck.. fear not and play it well
  • #3,279
  • Mar 4, 2014 7:07pm Mar 4, 2014 7:07pm
Quoting Forexia
{quote} And if they REALLY want to collect swaps, why don't they go for AU instead? AU pays lot higher interest than NZ?
It is certain that Chinese economic growth will not be as fast as years ago.
And this was the reason for hedge fund to take a negative view on AU.

But for NU,just as some guy said,has being a perfect retirement village for the rich Chinese.
That's the difference.

Maybe it wasn't the right reason to explain to the phenomenon,
but enough for hedge fund to buy NU.
no other killers to me but emotion
  • #3,280
  • Mar 4, 2014 7:09pm Mar 4, 2014 7:09pm
Quoting Slim Buffett
{quote} That post, in most of its entirety, is likely one of the better ones I've seen. All the best !
Thanks hehe

Painful lessons, but maybe if someone will find merit from it. Will see that to survive in this game need to look at the big picture. The big picture you don't put all your chips on one number and hope it hits and then keep playing like that, until the end comes and its like how did it happen? Its a such a shocking surprise, but when your looking from the outside all you can do is wonder, how did you not see it coming.
There are those who know, and there are those who don't know.
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