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NZD/USD

  • #3,641
  • Mar 12, 2014 8:10pm Mar 12, 2014 8:10pm
Quoting palabara
{quote} Nothing makes sense anymore logic is out the window.
Yup that's why I say: Go with the flow!!! If the market is mad, go mad! Being sane in an insane market is very dangerous. It's like being the only insane person in a mental asylum. You think you will survive being logical there? LOL
Make your losses in demo. Earn your profits live.
  • #3,642
  • Mar 12, 2014 8:29pm Mar 12, 2014 8:29pm
I s there any chance for NZD/USD coming down today?
I am F**ked by it -130pips.
  • #3,643
  • Mar 12, 2014 8:42pm Mar 12, 2014 8:42pm
  •  Owl
  • | Joined Dec 2012 | Status: FX Siphoner Of Symphonies | 435 Posts
woo hoo!! I held onto it for certain reasons I knew not to liquidate it just yet!
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh4.png Size: 79 KB
One Must Use A Noble Rapier To Pierce The Veil Of Mystery
  • #3,644
  • Mar 12, 2014 8:44pm Mar 12, 2014 8:44pm
Quoting Forexia
{quote} Yup that's why I say: Go with the flow!!! If the market is mad, go mad! Being sane in an insane market is very dangerous. It's like being the only insane person in a mental asylum. You think you will survive being logical there? LOL
No I think it's more of different philosophy.

If u long NZD, means u believe in trend and want to jump the raid while it's fun and willing to quit when it's over.
If u short NZD, means u believe in ur sanity and wait patiently for time to prove ur right or wrong.

As long as proper risk management is done, I think both are fine.

to make an example:I myself is holding NU short at 0.8511 and AN long at 1.056, all together 1:5 leverage and suffering around 1% dd.
Have seen today's hammer, I still feel confident and willing take my chance betting on reversal next week. If not, ok, small loss it is, last time UC betting long gave me 200 pips 16% return.

I am more concerned with my EURCHF long position tho.
  • #3,645
  • Mar 12, 2014 8:48pm Mar 12, 2014 8:48pm
how can we hear rbnz governor wheeler speaks
does any one know what did he say
i check the news page several time but i did not find comment from him
  • #3,646
  • Mar 12, 2014 9:04pm Mar 12, 2014 9:04pm
Quoting ARouND
{quote} No I think it's more of different philosophy. If u long NZD, means u believe in trend and want to jump the raid while it's fun and willing to quit when it's over. If u short NZD, means u believe in ur sanity and wait patiently for time to prove ur right or wrong. As long as proper risk management is done, I think both are fine. to make an example:I myself is holding NU short at 0.8511 and AN long at 1.056, all together 1:5 leverage and suffering around 1% dd. Have seen today's hammer, I still feel confident and willing take my chance betting...
Yeah but if you are the only one who's believing in sanity and everyone else is "jumping in the raid" and going crazy, you are not going to get far. LOL That's all I am saying.

As for EURCHF, I dunno. Always seems to me that EUR and CHF are really substitute of each other so thats why EU and UCHF are mirrors so if one is strong, the other one will also be strong. But if you long in EURCHF or short in EURCHF, that means you are implying that when one is going up, the other one is getting weaker or you are speculating that one is stronger/weaker faster than the other one. I dunno how that works out. I don't trade in crosses much.
Make your losses in demo. Earn your profits live.
  • #3,647
  • Mar 12, 2014 9:19pm Mar 12, 2014 9:19pm
I think it all comes down to risk management -- Taking the consequences good and bad. As long as we don't let the losses get to us, and control and manage and do good in the long run, that's what matters.
There are those who know, and there are those who don't know.
  • #3,648
  • Mar 12, 2014 9:23pm Mar 12, 2014 9:23pm
Quoting Forexia
{quote} Yeah but if you are the only one who's believing in sanity and everyone else is "jumping in the raid" and going crazy, you are not going to get far. LOL That's all I am saying. As for EURCHF, I dunno. Always seems to me that EUR and CHF are really substitute of each other so thats why EU and UCHF are mirrors so if one is strong, the other one will also be strong. But if you long in EURCHF or short in EURCHF, that means you are implying that when one is going up, the other one is getting weaker or you are speculating that one is stronger/weaker...
No, you have a great point here. Form a trend point of view, I cant see any reason why u need to quit long and turn into short.


I am just saying it is somehow related to the trader's characteristic rather than the strategy per se.

some tend to take potentially high risk for greater return, while some make stable gains;
some tend to trade what they believe, some tend to trade what they see.

Btw did u see today's AUD? Big reverse that would cover longing all the way down this week, and the the prevailing down trend it was a direct reverse since last Friday.
So go against the trend is not a big deal, as long as you understand how much risk to take.
  • #3,649
  • Mar 13, 2014 1:56am Mar 13, 2014 1:56am
Quoting Spik
{quote} RBNZ will raise it almost without doubt, plus possibly announce further raises. I expect it to propel NZDUSD some 70-80 pips up and AUDUSD some 100 pips up.
After few hours NZDUSD is up 100 pips and AUDUSD 70 pips, they kinda messed up numbers But... both with room for more. I would like to see a 10-20 pip retrace in NZDUSD to buy some more, same in AUDUSD.
  • #3,650
  • Mar 13, 2014 2:49am Mar 13, 2014 2:49am
Now the only question is if NZDUSD is shooting to 0,8600+ in one leg or with retrace in-between.
  • #3,651
  • Mar 13, 2014 3:40am Mar 13, 2014 3:40am
Quoting Spik
Now the only question is if NZDUSD is shooting to 0,8600+ in one leg or with retrace in-between.
if NZD/USD reverse, what price will we seen?
  • #3,652
  • Mar 13, 2014 3:47am Mar 13, 2014 3:47am
Quoting Care forex
{quote} if NZD/USD reverse, what price will we seen?
Whatever happens... we will stay above 0,85 line for a while now. It would be healthy if we come close to 0,85 mark in next 3-4 days in order to proceed firmly above 0,86 towards 0,87. I expect healthy green daily candle today and small red daily candles Friday and maybe Monday with further firm greens in next week. All-in-all we are in upside game towards 0,8700+. One should adapt strategy to that.
  • #3,653
  • Mar 13, 2014 3:59am Mar 13, 2014 3:59am
Quoting Care forex
{quote} if NZD/USD reverse, what price will we seen?
my take for today - we may see reversal as we NZD is running out of steam going down to .8523 (previous resistance, now support, at the same time 38.3 fib retracement of last move up) then possible continuation of move up.
Attached Image (click to enlarge)
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  • #3,654
  • Mar 13, 2014 4:04am Mar 13, 2014 4:04am
Quoting ArekJP
{quote} my take for today - we may see reversal as we NZD is running out of steam going down to .8523 (previous resistance, now support, at the same time 38.3 fib retracement of last move up) then possible continuation of move up. {image}
hi. May i ask what if broke 0.85, will it go further down? As i saw on the D1 chart is at the least top already.
  • #3,655
  • Mar 13, 2014 4:11am Mar 13, 2014 4:11am
Quoting Care forex
{quote} hi. May i ask what if broke 0.85, will it go further down? As i saw on the D1 chart is at the least top already.
personally i don't see it happening, but i would be keeping close eye on fib levels of recent move up - 50% fib = .8505~ - thats still possible but i don t see it going below .85 - there is no reason...
  • #3,656
  • Mar 13, 2014 4:19am Mar 13, 2014 4:19am
Quoting ArekJP
{quote} personally i don't see it happening, but i would be keeping close eye on fib levels of recent move up - 50% fib = .8505~ - thats still possible but i don t see it going below .85 - there is no reason...
ok thanks. Appreciated
  • #3,657
  • Mar 13, 2014 7:54am Mar 13, 2014 7:54am
Morning guys. Still holding long.
  • #3,658
  • Mar 13, 2014 9:49am Mar 13, 2014 9:49am
Quoting Spik
{quote} Fair enough. Green trade is a good trade. Yet i hold average from 0,8290 and have TPs scattered few 10 or 100 pips higher. Good luck!
First 1/3 closed @0,8603, healthy +313 pips.

Second and third 1/3 should meet their respective TPs next week, i don't expect much movement this week anymore.
  • #3,659
  • Mar 13, 2014 9:56am Mar 13, 2014 9:56am
Quoting Spik
{quote} First 1/3 closed @0,8603, healthy +313 pips. Second and third 1/3 should meet their respective TPs next week, i don't expect much movement this week anymore.
Nice 1!!! i've added more shorts in .86 area, going for TP .8566+/- (23.6 fib retracement)
  • #3,660
  • Mar 13, 2014 9:58am Mar 13, 2014 9:58am
slapped the aussie here @0.9089. techs wanted 0.9107. aussie is rejecting. might fall like a tank now
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