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NZD/USD

  • #3,881
  • Mar 27, 2014 3:53am Mar 27, 2014 3:53am
Quoting giveachance
{quote} I don't know but kiwi is linked to the aussie. aussie falls. kiwi falls
China is NZs biggest trading partner not Oz. I remember getting 21% interest on my money back in '87 (before the crash), rates aren't high now.
FF journal: Peaks and Troffs
  • #3,882
  • Mar 27, 2014 3:54am Mar 27, 2014 3:54am
Quoting giveachance
{quote} I don't know but kiwi is linked to the aussie. aussie falls. kiwi falls
I just put that to. one is breaking weekly highs, other isn't .. which one will pull and which one will push.

Dollar maybe staging for a huge rally. I wouldn't short the Dollar right now, I bought the dollar on a few pairs for scalps over last 1/2 day (sold eur, aud, nzd(now)).
Attached Image (click to enlarge)
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  • #3,883
  • Mar 27, 2014 3:55am Mar 27, 2014 3:55am
Attached Image (click to enlarge)
Click to Enlarge Name: kiw.gif Size: 37 KB
  • #3,884
  • Mar 27, 2014 3:56am Mar 27, 2014 3:56am
It is running non-stop since last few days, not even resting a bit... Whats going on!!!
  • #3,885
  • Mar 27, 2014 4:01am Mar 27, 2014 4:01am
Quoting Noob Trader
It is running non-stop since last few days, not even resting a bit... Whats going on!!!
When NZD is in a trend (bull or bear) small intraday retraces are normally 30-45 pips, and intraweekly retraces are 100ish pips. We are in normal uptrend. there have been miner retraces (to get out of losing shorts and into 'buy-the-dip' longs).

normal retrace now would be .8620-.8630 (orange box on chart), that is where I am closing my counter short (if not stopped out) and waiting for further que's. If we bounce there by NY open, I may add to long to test highs again.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-m15-oanda-corporation.png Size: 85 KB
  • #3,886
  • Mar 27, 2014 4:08am Mar 27, 2014 4:08am
Short NZDCAD at .9625, SL .9665 ... Manual TP but wating .9575 and .9530.
  • #3,887
  • Mar 27, 2014 4:08am Mar 27, 2014 4:08am
small short
Attached Image (click to enlarge)
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  • #3,888
  • Mar 27, 2014 4:14am Mar 27, 2014 4:14am
Quoting slow-trader
Short NZDCAD at .9625, SL .9665 ... Manual TP but wating .9575 and .9530.
yeah I have 4 lots short on this sucker too, starting to give way I want 9500 though.. almost had it today before trade balance, also got a nzdjpy short not liking too much
All posts are my personal opinion
  • #3,889
  • Edited 4:25am Mar 27, 2014 4:15am | Edited 4:25am
Quoting slow-trader
{quote} I am sorry, but I honestly don't believe that unless you posts your trades. With that said, I don't care if you posts your trades. but when someone claims to make 400% in one month and then post a 1:3 ratio with 20% gains per day, I have to call BS without evidence.
It doesn't match my calculations, but it's close, here are my trades from the beginning of Feb till now. http://www.forexfactory.com/jaws810?__r=8124#81
My current account balance is 4.46 times my balance on 2-22, not sure why the trade explorer doesn't match.
  • #3,890
  • Mar 27, 2014 4:18am Mar 27, 2014 4:18am
Quoting slow-trader
{quote} When NZD is in a trend (bull or bear) small intraday retraces are normally 30-45 pips, and intraweekly retraces are 100ish pips. We are in normal uptrend. there have been miner retraces (to get out of losing shorts and into 'buy-the-dip' longs). normal retrace now would be .8620-.8630 (orange box on chart), that is where I am closing my counter short (if not stopped out) and waiting for further que's. If we bounce there by NY open, I may add to long to test highs again. {image}
Its rising in a scary path. I mean non-stop is question. Not tracked much but it should retest around 0.84-0.85
  • #3,891
  • Mar 27, 2014 4:22am Mar 27, 2014 4:22am
Quoting jaws810
{quote} It doesn't match my calculations, but it's close, here are my trades from the beginning of Feb till now. http://www.forexfactory.com/jaws810?__r=8124#81
okay, unless I am mistaken, that is showing you had some hefty losses in months prior, and most likely your wins are the results of you waiting out bad trades?

correct me if I am wrong.

And that is only one account, its Oanda, which means you were probably hedging trades and taking losses on other accounts.

what about the image? showing you had 2135 lost and 1193 gained?
Attached Image
  • #3,892
  • Mar 27, 2014 4:22am Mar 27, 2014 4:22am
Quoting Noob Trader
{quote} Its rising in a scary path. I mean non-stop is question. Not tracked much but it should retest around 0.84-0.85
nzdcad has literally been straight up on a weekly chart! I am Canadian and im in new Zealand writing this, go figure!
All posts are my personal opinion
  • #3,893
  • Edited 4:45am Mar 27, 2014 4:29am | Edited 4:45am
Quoting slow-trader
{quote} okay, unless I am mistaken, that is showing you had some hefty losses in months prior, and most likely your wins are the results of you waiting out bad trades? correct me if I am wrong. And that is only one account, its Oanda, which means you were probably hedging trades and taking losses on other accounts. what about the image? showing you had 2135 lost and 1193 gained? {image}
No the losses weren't really that big I was playing with the USD/MXN which has a 900+ pip daily range and I didn't do good with it but the actual % losses were small my biggest loss was under 5%. It's my only account no hedges, I tried that in the past it ended badly. As for bad trades they haven't hit the 60 pip SL.
  • #3,894
  • Mar 27, 2014 4:32am Mar 27, 2014 4:32am
Quoting Rtm
{quote} nzdcad has literally been straight up on a weekly chart! I am Canadian and im in new Zealand writing this, go figure!
Cad isn't bouncing much off the (USDCAD) trendline. If commodities rally (nzd, cad, aud) I expect CAD to gain over NZD short term.

Assuming CAD test lows, that would be 1.1020 and 1.0950, and NZD ranges at the top. that would put NZDCAD at .9499-.9560

(1.102* .8675) and (1.0950 * .8675).
Attached Image (click to enlarge)
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  • #3,895
  • Mar 27, 2014 4:34am Mar 27, 2014 4:34am
added a little more (.20% of account) to NZDUSD short. stop will be manual (above highs).

These are the trades I don't like, entering manual, but it is at the top of range/highs ...
  • #3,896
  • Mar 27, 2014 4:48am Mar 27, 2014 4:48am
Quoting slow-trader
{quote} http://www.nzherald.co.nz/business/n...ectid=10893074 Note the date! (hint: last time this was said marked a bottom after forming a base: same story this time would put a base in over the next few weeks for a run up a few hundred pips higher!) 10:30 AM Wednesday Jun 26, 2013
I think the up move is done ... it might not touch the highest high of all times 0.88, let's don't forget NewZealand is a small island of 4.4 m population can't survive with a strong nzd ... it's a matter of survival to fall
Forex
  • #3,897
  • Mar 27, 2014 4:54am Mar 27, 2014 4:54am
Quoting Prochartist
{quote} I think the up move is done ... it might not touch the highest high of all times 0.88, let's don't forget NewZealand is a small island of 4.4 m population can't survive with a strong nzd ... it's a matter of survival to fall
agreed high nzd is gonna impact at some point. 4.4mil popn and only $200bn or so gdp.
  • #3,898
  • Mar 27, 2014 5:24am Mar 27, 2014 5:24am
Quoting Prochartist
{quote} I think the up move is done ... it might not touch the highest high of all times 0.88, let's don't forget NewZealand is a small island of 4.4 m population can't survive with a strong nzd ... it's a matter of survival to fall
You read the article? Lol, exactly what he is saying now and it called a market bottom!

"matter of survival"

your ur accounts survival? Lol
  • #3,899
  • Mar 27, 2014 6:20am Mar 27, 2014 6:20am
Quoting Halba
{quote} agreed high nzd is gonna impact at some point. 4.4mil popn and only $200bn or so gdp.
What if the London boys just do not give a f***?
Fix up, trade sharp ...
  • #3,900
  • Mar 27, 2014 6:22am Mar 27, 2014 6:22am
Quoting slow-trader
{quote} LoL, i didn't say it wouldn't drop several hundred pips, I actually said a correction can happen but I expect .8050 to hold. What I said, is that if it starts dropping, don't get complacent. US Session may want to test the highs (again). If often happens, if highs are retested and don't break ... then chances are better for a short.
closed NZD shorts for + 15, going to test highs now ... if we don't break highs ... will short again. Flat on NZD
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