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NZD/USD

  • #4,461
  • Apr 10, 2014 7:28am Apr 10, 2014 7:28am
Quoting eqshack
{quote} It was and is 0.8706

Its not anymore....its now a resistance
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #4,462
  • Apr 10, 2014 7:32am Apr 10, 2014 7:32am
Quoting Nocturnes
{quote} Its not anymore....its now a resistance
that's what we are talking about..
  • #4,463
  • Apr 10, 2014 7:36am Apr 10, 2014 7:36am
Quoting dimosar
{quote} that's what we are talking about..
Ok, got it
A word to the wise ain't necessary - it's the stupid ones that need advice
  • #4,464
  • Apr 10, 2014 8:14am Apr 10, 2014 8:14am
Quoting jaws810
{quote} It was such a nice ride back up to 87 that I stayed on till 8735, getting back all my losses and a nice profit. I love green pips. I'll be looking for some more after NY open.
Elliott Wave for optimum entry, exit and risk management of trades
  • #4,465
  • Apr 10, 2014 8:16am Apr 10, 2014 8:16am
8678 is breakdown level for bulls. I am short 8690 and will heavily load @8666
  • #4,466
  • Apr 10, 2014 9:28am Apr 10, 2014 9:28am
Add more short..
Hope it will drop like a stone..
Attached Image (click to enlarge)
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Forex as Leverage
  • #4,467
  • Apr 10, 2014 9:28am Apr 10, 2014 9:28am
Quoting giveachance
{quote} This is your real account.. be careful abt your nzd options because even if QE infinity comes I don't see NZD closing above 0.8700 on May 18
thanks for the recommendation. I'm already positioned and no changes planned. NU high is projected to be printed in range of 8880-8920 before expiry of my option. Some volatility is actually a good thing, as this will in turn result in higher premium.

RR
  • #4,468
  • Apr 10, 2014 10:38am Apr 10, 2014 10:38am
Quoting ruffryders
{quote} thanks for the recommendation. I'm already positioned and no changes planned. NU high is projected to be printed in range of 8880-8920 before expiry of my option. Some volatility is actually a good thing, as this will in turn result in higher premium. RR
ok let me take that as a challenge. NU will be dumped when the euro correction starts.
  • #4,469
  • Apr 10, 2014 10:59am Apr 10, 2014 10:59am
Hello Ruffry
When option expire?
depends on what u pointing about this zone?

Thanks
  • #4,470
  • Apr 10, 2014 11:29am Apr 10, 2014 11:29am
With GU EU and NU shorts
Seating at 17% DD
Sometimes you just have to wait.Recent unemployment was green 300k.USD is not dead guys.
I was thinking when NU was at 7760 how many went long then? How many thought bottom was falling out? To act on contrary is always counter intuitive.
Same situation now but inverse.Why buy at this historical high prices.We are basically at top 10% of historical NU range.
I am firmly short and not wavering in fact I lowered my tp from 86 to 8530
In trading, you have to be defensive and aggressive at the same time
  • #4,471
  • Apr 10, 2014 11:41am Apr 10, 2014 11:41am
Its not hitting 0.88 this month guys sorry gonna need a correction back down to 0.84
  • #4,472
  • Apr 10, 2014 12:34pm Apr 10, 2014 12:34pm
Quoting ffleo
sell the fucking rally on kiwi: http://www.forexfactory.com/showthre...96#post7382296 {image} the weekly divergence rarely fail: http://www.forexfactory.com/showthre...56#post7223656 http://www.forexfactory.com/showthre...87#post7296487
I told you guys sell the fucking rally on kiwi. Mark this post, and come back to check in a few weeks.
ignore wackos and psychos, including myself. But I can't add myself to iggy
  • #4,473
  • Apr 10, 2014 12:58pm Apr 10, 2014 12:58pm
Market is topping it needs patience,
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #4,474
  • Apr 10, 2014 1:36pm Apr 10, 2014 1:36pm
market is not topping. In fact NU's done pretty much the same before.

Here's the H6 NU chart, with highlighted points of interest. Naturally, shorters will get excited, to see pin-bar like candles near recent highs.
However, price been there done that before.

Price came from below, broke the 8700 psycho level and moved +40 pips above it. Now price retracing back to previous area of interest @ 8680-90.
This could be considered technically a retest of previous resistance and now could become support, could be actually a buying opportunity now.

Also AUs trading above psycho 9400 level and bear unable to put up a show is telling too. Other final hint: check UJ charts.

Me's not interested in adding, already positioned. Just 2 cents from my side here.
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  • #4,475
  • Apr 10, 2014 1:41pm Apr 10, 2014 1:41pm
Quoting giveachance
{quote} ok let me take that as a challenge. NU will be dumped when the euro correction starts.
what's yous going to challenge me with? Your demo dollars? Funny kid.
  • #4,476
  • Apr 10, 2014 1:53pm Apr 10, 2014 1:53pm
Quoting ruffryders
market is not topping. In fact NU's done pretty much the same before. Here's the H6 NU chart, with highlighted points of interest. Naturally, shorters will get excited, to see pin-bar like candles near recent highs. However, price been there done that before. Price came from below, broke the 8700 psycho level and moved +40 pips above it. Now price retracing back to previous area of interest @ 8680-90. This could be considered technically a retest of previous resistance and now could become support, could be actually a buying opportunity now. Also...
Prolly milkman Helba waking up soon, and will deliver more milk for us and news from the dairy industry.
Attached Image
  • #4,477
  • Apr 10, 2014 2:02pm Apr 10, 2014 2:02pm
Davit, yous seem to be pretty onto it bro, do you see that GUs setting up for a test run @ 7000? It's building base currently at previous
resistance level, now becoming support. Clearly, EUs can test run for 4040 and GUs for 7000.

Obviously, AU/NU rally will be cut short at some point, but currently we are in the middle of it, no point jumping on the rail tracks.

At least get hedged for a possible rally, I sure hope that you take care (no pun intended!).
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  • #4,478
  • Apr 10, 2014 2:22pm Apr 10, 2014 2:22pm
Quoting ffleo
{quote} I told you guys sell the fucking rally on kiwi. Mark this post, and come back to check in a few weeks.
That Divergence is weak http://www.forexfactory.com/attachme...3&d=1396551066 (by the way I am short) In fact a regular standard lot would have a draw of minus $1500 plus in the hole. Not many traders would have held that. Even small traders would gotten out with heavy losses

The best divergence are the Hidden Divergence - The HD are not easily seeing
  • #4,479
  • Apr 10, 2014 3:29pm Apr 10, 2014 3:29pm
Quoting ruffryders
market is not topping. In fact NU's done pretty much the same before. Here's the H6 NU chart, with highlighted points of interest. Naturally, shorters will get excited, to see pin-bar like candles near recent highs. However, price been there done that before. Price came from below, broke the 8700 psycho level and moved +40 pips above it. Now price retracing back to previous area of interest @ 8680-90. This could be considered technically a retest of previous resistance and now could become support, could be actually a buying opportunity now. Also...
having reviewed the NU H6 charts once again, 8670-90 is the key area currently, and all the price action will focus on testing/rejecting this area.

having said that, the scenario on NU remains bullish. The pair won't do much this week, so if there are any takers to go LONG, I'd recommend doing so next Tuesday - Mondays are usually corrective moves / non-performers. Get in LONG if price closes with decent H4 candle above 8700. good luck traders!
Attached Image (click to enlarge)
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  • #4,480
  • Apr 10, 2014 3:40pm Apr 10, 2014 3:40pm
price action is mellow near current levels. Prolly price will consolidate for a few sessions and send proceed with the UP move.

let's see. Risk zone revised to 8660-90 area. I'd prefer this area to provide support for price action, to have a go at 8880.
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