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NZD/USD

  • #4,801
  • Apr 17, 2014 3:07pm Apr 17, 2014 3:07pm
Quoting Davit
{quote} Problem of NZ is out of control housing market so banks want to cool it off. I am sure it will get to 80-82 but not when Aussie is still climbing. Will short NU hard once it goes 87-88 zone again. regards
Hi Dave

Have been observing your style from technical to economics reasoning, must say it is close to me and I have similar positions as you in NZD and EUR.

The play up of the NZD in the exchange market was to deter the CHinese from speculating property market. However, imho it has adverse effect on the dairy market as well as its prices wont be favourable as to its competitors from Aussie, CHina and even malaysia. I think the raise in NZD is only temporary.. what matters most is INTERST RATES.. that is next week to look out for.

Well done Dave, stick to your principle and believe..

PS: my take is that NZD will hit 8520 and probably stay there.. this is the day it took its reversal to the uptrend.
  • #4,802
  • Apr 18, 2014 12:17am Apr 18, 2014 12:17am
Gidday NZ

A we burst to clear the chart

0.87 would be nice

Thought we might see

some crazy moves with low liquidity

Remember the old days,end off week spikes

Big boys would try an clean out all the peasants

an blow there accounts
  • #4,803
  • Apr 18, 2014 4:21am Apr 18, 2014 4:21am
Im Still Have 1 Small Short Positions Here ..

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Making Ordinary To Be Extraordinary .
  • #4,804
  • Apr 18, 2014 6:35am Apr 18, 2014 6:35am
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  • #4,805
  • Apr 19, 2014 5:37am Apr 19, 2014 5:37am
12 Reasons Why New Zealand's Economic Bubble Will End In Disaster:
http://www.forbes.com/sites/jessecol...y-as-possible/
  • #4,806
  • Apr 19, 2014 12:36pm Apr 19, 2014 12:36pm
Quoting sgnemo
{quote} Hi Dave Have been observing your style from technical to economics reasoning, must say it is close to me and I have similar positions as you in NZD and EUR. The play up of the NZD in the exchange market was to deter the CHinese from speculating property market. However, imho it has adverse effect on the dairy market as well as its prices wont be favourable as to its competitors from Aussie, CHina and even malaysia. I think the raise in NZD is only temporary.. what matters most is INTERST RATES.. that is next week to look out for. Well done...
Hi Friend
To me trading is about controlling risk.My exposure was too big and in light of April 24 rate event I had to close my orders.
I could of stayed made lot more money or risk going up and seating on lot of red orders.Between these 2 scenarios I closed the books until next week.
Knowing how big guns push price up to take weak shorts I anticipate another drive to 87.Interest rate may increase .25 and if they do we could see 88 or close to it.Then my plan is to short aggressively from upper zone.
Should price continue going south then I'll look another opportunity elsewhere.I don't chase pairs.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #4,807
  • Apr 19, 2014 12:38pm Apr 19, 2014 12:38pm
Quoting SaiLyfee
12 Reasons Why New Zealand's Economic Bubble Will End In Disaster: http://www.forbes.com/sites/jessecol...y-as-possible/
Hi friend
Yes its a bubble to me as well however in forex time table is important.If you short early and this continues to go up and stay up for say 1month -swap alone will minimize any gain.
In trading, you have to be defensive and aggressive at the same time
  • #4,808
  • Apr 19, 2014 1:08pm Apr 19, 2014 1:08pm
Meh...they are supplying China with tons of food/milk...population is too large...NOT ENOUGH FOOD YO!
  • #4,809
  • Apr 19, 2014 1:42pm Apr 19, 2014 1:42pm
Quoting Rizmeister
Meh...they are supplying China with tons of food/milk...population is too large...NOT ENOUGH FOOD YO!
Report I read China is having strong local production of milk products and warehouses are full of milk.
This is why price of milk plummeted.
In trading, you have to be defensive and aggressive at the same time
  • #4,810
  • Apr 19, 2014 9:07pm Apr 19, 2014 9:07pm
Quoting Davit
{quote} Hi friend Yes its a bubble to me as well however in forex time table is important.If you short early and this continues to go up and stay up for say 1month -swap alone will minimize any gain.
Totally agree with you buddy, I think with this being so close to the all-time highs now its safe to assume that the banks will want to see 88 for themselves as shorting grounds. This may be as a result of rising rates which we know is in the works..
Heck a break of 88 might even see this baby hit 90 or so. I would see anywhere short between 88-90+ as really rewarding trades in the mid to long term however since NZ having a high dollar just isn't sustainable for us as an export-based economy. For now I'm going to sit this one out, wait until we hit 88-90 and then ride it all the way down to 40 I figure this will be inevitable by the time the world economy collapses any day now..
  • #4,811
  • Apr 19, 2014 9:18pm Apr 19, 2014 9:18pm
Quoting SaiLyfee
12 Reasons Why New Zealand's Economic Bubble Will End In Disaster: http://www.forbes.com/sites/jessecol...y-as-possible/

written by a permabear.....
  • #4,812
  • Apr 19, 2014 11:12pm Apr 19, 2014 11:12pm
Quoting SaiLyfee
12 Reasons Why New Zealand's Economic Bubble Will End In Disaster: http://www.forbes.com/sites/jessecol...y-as-possible/

I realised I put the wrong link in by accident!!
This is what I was meaning to have posted....:
http://www.forbes.com/sites/jessecol...d-in-disaster/
  • #4,813
  • Apr 20, 2014 4:00pm Apr 20, 2014 4:00pm
what do you think about 3.00% rate decision expected this wednesday? go high or down!!
  • #4,814
  • Apr 20, 2014 4:34pm Apr 20, 2014 4:34pm
If I was betting money on it I would be betting up although betting isn't really my style..
  • #4,815
  • Apr 20, 2014 8:42pm Apr 20, 2014 8:42pm
got in adds to shorts at 0.8600

want to see if we can trade into 4hr support at 0.8520
Twitter: @TrendersGame
  • #4,816
  • Apr 20, 2014 11:13pm Apr 20, 2014 11:13pm
Quoting Citiboy
got in adds to shorts at 0.8600 want to see if we can trade into 4hr support at 0.8520
missed the spike
In trading, you have to be defensive and aggressive at the same time
  • #4,817
  • Apr 21, 2014 1:58am Apr 21, 2014 1:58am
Quoting Davit
{quote} missed the spike
Don't worry Davit...
Forex as Leverage
  • #4,818
  • Apr 21, 2014 2:26am Apr 21, 2014 2:26am
entered long at 0.85830. will see what happens. thursday should be interesting.
  • #4,819
  • Apr 21, 2014 3:08am Apr 21, 2014 3:08am
Quoting Davit
{quote} missed the spike

davit please stay away and let shorts succumb over longs.
  • #4,820
  • Apr 21, 2014 3:12am Apr 21, 2014 3:12am
The spike was bad for business
The fragrance remains in the hands of those that gves the rose
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