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NZD/USD

  • #3,981
  • Mar 29, 2014 4:05am Mar 29, 2014 4:05am
Quoting palabara
{quote} I tried many strategies the loss is higher then reward so you need to have a high win ratio because each loss takes out 3 wins.. so if you have 30 wins and 10 losses you Broke even.. Not so good when you look at it from that point. I calculated data, because my system easy brings 20-30 pips but if my stop is even 1:2 its still difficult means you have to have a high win ratio ALL the time.
I do realize that the risk reward ratio is uncomfortable and unworkable for most strategies but ATM it's working, so far with this strategy I have 12 wins and 0 losses since I started using it at the beginning of the month. Although I'm comfortable with the r/r ratio for this system, I'm not so comfortable with losing 1/3 of a large account on trade so I will begin to reduce my leverage as soon as my account balance gets to where I want it and when the market changes and this stops working I'll revise my strategy, but hopefully that isn't for a year or two.
  • #3,982
  • Mar 29, 2014 5:14am Mar 29, 2014 5:14am
sure looks like a correction to the downside is in order. but LT I remain bullish on this pair, mostly due to a silly bias (bad) that economically the US is in the drink and I dont see things getting better for the US as the massive #federal #fraud plays out.
  • #3,983
  • Mar 30, 2014 8:45am Mar 30, 2014 8:45am
Quoting iqyu5an
not sure but start thinking on Bearish Shark at the moment brother.. what d u think ? looking for some opinion here ... *** the ew is not so perfect also for 1 & 4 rule {quote} {image}
Hello bro
Yes I'm very interested to this pair and waiting to sell it but i thought it can go another 150 pip up
Daily and 4h screaming for drop
Lower TF still room to up but not much
Will watching it and tell when market open
  • #3,984
  • Mar 30, 2014 6:27pm Mar 30, 2014 6:27pm
Good monday guys. Some NZ bank reports today:

Bank of New Zealand: Daily
Westpac Bank: Weekly
  • #3,985
  • Mar 31, 2014 3:36am Mar 31, 2014 3:36am
Quoting slow-trader
{quote} I dont' care about the news at all, I purchased an eco book for every year with the events, I look at it once a week. wiat, I do pay attention, but it doesn't determine my trades. I simply dont care. If I am wrong in my trade, and it is losing money, I close it.
it's a small island ... nzdusd it's destiny is to fall from that level
Forex
  • #3,986
  • Mar 31, 2014 5:54am Mar 31, 2014 5:54am
Quoting EmeraldEyes
Good monday guys. Some NZ bank reports today: Bank of New Zealand: Daily Westpac Bank: Weekly
How much this website did cost http://www.orderflowtrading.com/...
10$ domine name
50$ template
100$ one year hosting
hahaha now everyone want to make smart websites about forex
Forex
  • #3,987
  • Mar 31, 2014 10:01am Mar 31, 2014 10:01am
Aside from me making another 22 pips , what just happened to cause that price spike, it was looking like I'd be waiting till tomorrow morning to get my pips and then BAM a 35 pip spike out of nowhere.
  • #3,988
  • Mar 31, 2014 10:40am Mar 31, 2014 10:40am
Fed Chair Yellen's comments about continuing stimulus sent stocks, and currencies soaring..
  • #3,989
  • Mar 31, 2014 10:53am Mar 31, 2014 10:53am
i think 8730 is good area to sell, wait and see what happen in next few hours
  • #3,990
  • Mar 31, 2014 11:50am Mar 31, 2014 11:50am
Quoting Prochartist
{quote} it's a small island ... nzdusd it's destiny is to fall from that level
I scalped a long and it got stopped at BE; I am now short at .8680, manual stop above .8700 (if it is a stop hunt, I won't close) and especially if we test highs without breaking this week, I will add more.

I don't think it is destined to fall, I think it is destined to be at .90+, but I expect multi-month/year consolidation of course and that includes pullbacks. closer to .8050 for me, the better for my future longs.

Future carry trades, if inflation kicks up, will be great!
  • #3,991
  • Mar 31, 2014 3:24pm Mar 31, 2014 3:24pm
Quoting Prochartist
{quote} it's a small island ... nzdusd it's destiny is to fall from that level
cyprus was smaller and the cypriot pound at its time was 2.35 usd (2007)
  • #3,992
  • Mar 31, 2014 6:47pm Mar 31, 2014 6:47pm
Quoting Prochartist
{quote} How much this website did cost http://www.orderflowtrading.com/... 10$ domine name 50$ template 100$ one year hosting hahaha now everyone want to make smart websites about forex
Idk. you can message Darkstar on here. The 'news feed' is what I watch.
  • #3,993
  • Apr 1, 2014 2:15am Apr 1, 2014 2:15am
up 6 weeks in a row. longest run since 2011.

its still going, another positive start to this week. one wonders if there will ever be a retrace.
  • #3,994
  • Apr 1, 2014 7:09am Apr 1, 2014 7:09am
Quoting Halba
up 6 weeks in a row. longest run since 2011. its still going, another positive start to this week. one wonders if there will ever be a retrace.
It's looking precariously dangerous with the last leg of an Ending Diagonal extending further up as if it's going to drop anytime.
But, at the same time it's great downside opportunity, that the whole Ending diagonal will be retraced completely in very short time.
Elliott Wave for optimum entry, exit and risk management of trades
  • #3,995
  • Apr 1, 2014 7:50am Apr 1, 2014 7:50am
Still holding to my shorts.
may exit at 86 giving it 2-3weeks time
In trading, you have to be defensive and aggressive at the same time
  • #3,996
  • Apr 1, 2014 8:16am Apr 1, 2014 8:16am
Managed with a bit of luck to exit my shorts from 0.8668 and 0.8690 at 0.8643, and now reopened them at 0.8681. SL at 0.8710, no tp, will observe and close manual, for nor area 0.864x looks like first lvl which need to be breached on the way down. GL to all.
  • #3,997
  • Apr 1, 2014 3:07pm Apr 1, 2014 3:07pm
How's everyone doing, I got a nice start for the month, got my 20 pips this morning before the drop and I just went long again at 8650 looking for another 20 pips tonight.
  • #3,998
  • Apr 1, 2014 4:22pm Apr 1, 2014 4:22pm
Quoting jaws810
How's everyone doing, I got a nice start for the month, got my 20 pips this morning before the drop and I just went long again at 8650 looking for another 20 pips tonight.

today was close and there is bearish pinbar at monyhly resistence area. i enter sell limit orders. (maybe touch .8675) with SL .8710.
  • #3,999
  • Apr 1, 2014 4:27pm Apr 1, 2014 4:27pm
Quoting jaws810
How's everyone doing, I got a nice start for the month, got my 20 pips this morning before the drop and I just went long again at 8650 looking for another 20 pips tonight.
Be careful with longs; I don't understand the risk of 20 pips and buying at the highs.

and why not wait for the low .8500's or a break and close above highs to long?
  • #4,000
  • Apr 1, 2014 4:34pm Apr 1, 2014 4:34pm
Yea, I probably should have waited till NY close. I bought it after it flattened out for over an hour I thought it was getting ready for another bull run. I think I'll be ok, it'll probably go back up enough overnight for me to get my pips.
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