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NZD/USD

  • #4,281
  • Apr 8, 2014 7:36pm Apr 8, 2014 7:36pm
It seems it just doesn't want to fall!! patience I guess..
  • #4,282
  • Apr 8, 2014 7:39pm Apr 8, 2014 7:39pm
Quoting skyhok
{quote} Technically, it's at the tail end of a large pattern and hasn't got much room to move further up, unless that pattern is invalidated.
Mind sharing your analysis with us? I would like to see which pattern you are referring to.
Regards
- Sail
  • #4,283
  • Apr 8, 2014 7:40pm Apr 8, 2014 7:40pm
Quoting skyhok
{quote} Technically, it's at the tail end of a large pattern and hasn't got much room to move further up, unless that pattern is invalidated.
...just another approximately 150 pips to 0.8845 the August 2011 old time high..
  • #4,284
  • Apr 8, 2014 7:40pm Apr 8, 2014 7:40pm
she is so cute when she flying high
Forex as Leverage
  • #4,285
  • Apr 8, 2014 7:40pm Apr 8, 2014 7:40pm
Just had a surge of buy orders run up price.
NZDUSD – Breaks 0.8700, tripping previously noted buy stops above. Shorts rush to exit upon break.

Quoting EmeraldEyes
{quote} There's a lot of stop orders exactly where you placed yours. Free liquidity for dealers.
Cant hate the player, gotta hate the game!
  • #4,286
  • Apr 8, 2014 7:51pm Apr 8, 2014 7:51pm
Quoting SaiLyfee
{quote} Mind sharing your analysis with us? I would like to see which pattern you are referring to. Regards - Sail
From the low of Jul2013 it's on an Elliott Wave pattern they called an Expanding Diagonal. That red line on top is the Jul2011 top or 0.8843. I believe this pattern shouldn't get near that line otherwise invalidated, as you said all hell break lose.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusddaily.png Size: 42 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #4,287
  • Apr 8, 2014 8:06pm Apr 8, 2014 8:06pm
carry trade bubble continues today. almost non stop rise in carry pairs since march 2014. no attention to any sort of risk at these prices.
  • #4,288
  • Apr 8, 2014 8:12pm Apr 8, 2014 8:12pm
Gidday NZ

 

  1. Strategy: Flat
  2. Support: 0.8513 (Oct 22 close), 0.8452 (38.2% Fib ret.)
  3. Resistance: 0.8662 (trend line), 0.8675 (Apr’13 high)


New Zealand Dollar turned lower as expected against its US namesake after prices completed a Bearish Engulfing candlestick pattern below resistance at the April 2013 high (0.8675). The pair has since bounced from support at 0.8513, the October 22 close, and is now retesting 0.8675 anew. A break above this barrier initially targets the 38.2% Fibonacci expansion at 0.8762. Negative RSI divergence continues to warn of ebbing upside momentum however, pointing to the possibility of a Double Top in the works. Turning lower from here and pushing below 0.8513 will clear a path for a test of the 38.2% Fib retracement at 0.8452. We will stand aside for now, waiting for confirmation of reversal to enter short.

  • #4,289
  • Apr 8, 2014 8:22pm Apr 8, 2014 8:22pm
Quoting skyhok
{quote} From the low of Jul2013 it's on an Elliott Wave pattern they called an Expanding Diagonal. That red line on top is the Jul2011 top or 0.8843. I believe this pattern shouldn't get near that line otherwise invalidated, as you said all hell break lose. {image}
Appreciate the analysis skyhok, it should be very interesting indeed
  • #4,290
  • Apr 8, 2014 8:28pm Apr 8, 2014 8:28pm
Quoting SaiLyfee
{quote} Appreciate the analysis skyhok, it should be very interesting indeed
No worries, as long as the Kiwis keep winning the HK Rugby 7s , they will be all right.
Elliott Wave for optimum entry, exit and risk management of trades
  • #4,291
  • Apr 9, 2014 12:56am Apr 9, 2014 12:56am
Quoting bogus
{quote} Time will tell.
My stop on this entry has been brought to B,E at .8685 because of the time of day. The other longs have stops at .8657
FF journal: Peaks and Troffs
  • #4,292
  • Apr 9, 2014 12:58am Apr 9, 2014 12:58am
Quoting dimosar
{quote} ...just another approximately 150 pips to 0.8845 the August 2011 old time high..
Were thinking along the same line.
Elliott Wave for optimum entry, exit and risk management of trades
  • #4,293
  • Apr 9, 2014 1:19am Apr 9, 2014 1:19am
Attached Image (click to enlarge)
Click to Enlarge Name: AUD.JPG Size: 42 KB

Attached Image (click to enlarge)
Click to Enlarge Name: NZD.JPG Size: 43 KB


will it be similar in the following months?
if that,.70 can also be taken in consider...
no other killers to me but emotion
  • #4,294
  • Apr 9, 2014 1:53am Apr 9, 2014 1:53am
Quoting Mr Mao
{image} {image} will it be similar in the following months? if that,.70 can also be taken in consider...
Woahh! This is a great comparison, very interesting..thanks for sharing
  • #4,295
  • Apr 9, 2014 2:05am Apr 9, 2014 2:05am
Quoting jose.
{quote} Hi Bogus if you have a little time, please check my channel (we are in the channel again?) channel's top 8870-8890 this time im waiting some fly too what is your TP {image}
Why do you have placed so many orders at this level ?
Now it seems that the cross has crashed against the resistence !!
Don't you think about a retracement ?

let's me understood ur logic. THX

Regards
  • #4,296
  • Apr 9, 2014 2:40am Apr 9, 2014 2:40am
Quoting jose.
{quote} Hi Bogus if you have a little time, please check my channel (we are in the channel again?) channel's top 8870-8890 this time im waiting some fly too what is your TP {image}
those are pretty bad entries around huge resistance. rather go long if we open day above 0.8700
im playing against you big time almost 12lots short from 0.8698-99

i hope we going to get something big from FOMC today- like interest rate hike time. If US throw their rates up i bet carry traders will close their huge positions..we never know how much US will raise rates
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #4,297
  • Apr 9, 2014 2:43am Apr 9, 2014 2:43am
Quoting eqshack
{quote} those are pretty bad entries around huge resistance. rather go long if we open day above 0.8700 im playing against you big time almost 12lots short from 0.8698-99 i hope we going to get something big from FOMC today- like interest rate hike time
12 standard lots or 120 dollars/pip????
  • #4,298
  • Apr 9, 2014 2:44am Apr 9, 2014 2:44am
Quoting jose.
{quote} Hi Bogus if you have a little time, please check my channel (we are in the channel again?) channel's top 8870-8890 this time im waiting some fly too what is your TP {image}
from where do you get such targets??
  • #4,299
  • Apr 9, 2014 2:47am Apr 9, 2014 2:47am
Quoting giveachance
{quote} 12 standard lots or 120 dollars/pip????
yes 120 dollars pip. I usually trade 5-6 lots im not afraid to lose 1k-3k if i can make 30-40k. tryin to find the top and let it go towards 0.8190 area
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #4,300
  • Apr 9, 2014 2:48am Apr 9, 2014 2:48am
Quoting eqshack
{quote} yes 120 dollars pip. I usually trade 5-6 lots
how long do you hold such positions?? 30-40 pips???
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