Sustains below 0.8640 would open for 0.86 & 0.852, God bless bulls below that.
- #4,505
- Apr 10, 2014 8:25pm Apr 10, 2014 8:25pm
- | Joined Aug 2011 | Status: Trader | 2,640 Posts
{quote} so as a result gbp nzd.g-u n-u are in same family with G-N
Yeah love that pair also GBP/NZ
been doing EUR/NZ also
right place right time
have to be carefull
its come from 2.05 etc to nearly 1.907 in one move
Just longing from the lower levels
- #4,507
- Apr 10, 2014 8:45pm Apr 10, 2014 8:45pm
- Joined Apr 2011 | Status: Free Palestine.. | 1,567 Posts
{quote} yes weekly close is so important. like i said yesterday(chart is below.). if close below 8675 bear will appear. in that situation control triangle TL. that level is .8580(this week'open.) if next week close below or near that level. there will be railway track pattern. and big drop begins. action and reaction rule. {image}
Pullback is likely for good entry
..
If skills could be acquired by watching, every dog would be a butcher. Turk
- #4,509
- Apr 10, 2014 11:26pm Apr 10, 2014 11:26pm
- Joined Feb 2012 | Status: Trader | 21,377 Posts
How are my fellow Bears
TP 8530 16 shorts on NU
TP 8530 16 shorts on NU
In trading, you have to be defensive and aggressive at the same time
- #4,510
- Apr 10, 2014 11:28pm Apr 10, 2014 11:28pm
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,050 Posts
{quote} what's yous going to challenge me with? Your demo dollars? Funny kid.
- #4,511
- Apr 10, 2014 11:35pm Apr 10, 2014 11:35pm
- Joined Jun 2013 | Status: Trader by hobby not by profession | 7,050 Posts
How are my fellow Bears
- #4,512
- Edited Apr 11, 2014 12:07am Apr 10, 2014 11:36pm | Edited Apr 11, 2014 12:07am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} how are you my friend?? shorts from 8705 cleared at 33. one more open at 8642. I said yesterday 8678 was line of sand for the bulls and bears took it. now techs have taken it to 8622. they could have stopped at 8628 but they didn't that means there is more pain on the downside
I am not guru but based on economics and 200 GDP NZ can't survive above 85. Its matter of time.I gave it max 2weeks to hit my TP 8530Profit potential is massive for me.
Stay on course.Don't listen "sky is falling" types
In trading, you have to be defensive and aggressive at the same time
- #4,513
- Apr 11, 2014 12:15am Apr 11, 2014 12:15am
- Joined Jul 2011 | Status: Lord Of War | 1,853 Posts
{quote}
Early to bed, early to rise, keeps you healthy, wealthy and wise.
- #4,515
- Apr 11, 2014 12:36am Apr 11, 2014 12:36am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
{quote} Im looking at 0.8398 area :/ anyways... how many standard lots u open?
I always measure profits in % and not lots or pips.
If I hit my 16 shorts TP it would be around 20% equity profit.Unlike lot of traders I risk more then 2% I often risk as much as 30%
Myth of 2% is coming from guys whose equity is above 100k.If you are less , only way to build account faster is risking more.Sure is risky but that's my preference.
Regards
In trading, you have to be defensive and aggressive at the same time
- #4,518
- Apr 11, 2014 12:46am Apr 11, 2014 12:46am
- Joined Feb 2012 | Status: Trader | 21,377 Posts
In trading, you have to be defensive and aggressive at the same time
