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NZD/USD

  • #5,041
  • May 5, 2014 2:39pm May 5, 2014 2:39pm
Quoting Kmb Finance
There was one spike all day long and Hungry OAaNDA widened the spreads , thieves , this should be illegal
15-30pip SL is general retail trader's SL hence easily taken out.You should devise strategy to overome this.Lot of professorial traders do have SL in mind but do not place on platform for this reason alone..
I have US Oanda and MBtrading and Oanda do show lot of spikes
Luckily my main account is on MBtrading

Oanda showing multiple spikes.....yeahh broad day light robbery
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusd.m5.png Size: 32 KB
Click to Enlarge Name: nzdusdm5.png Size: 32 KB
In trading, you have to be defensive and aggressive at the same time
  • #5,042
  • May 5, 2014 3:02pm May 5, 2014 3:02pm
Quoting Davit
{quote} 15-30pip SL is general retail trader's SL hence easily taken out.You should devise strategy to overome this.Lot of professorial traders do have SL in mind but do not place on platform for this reason alone.. I have US Oanda and MBtrading and Oanda do show lot of spikes Luckily my main account is on MBtrading Oanda showing multiple spikes.....yeahh broad day light robbery {image} {image}
I don't use stop loss , I don't trust oanda just saying how crooked they can get sometimes
  • #5,043
  • May 5, 2014 3:31pm May 5, 2014 3:31pm
Quoting Kmb Finance
There was one spike all day long and Hungry OAaNDA widened the spreads , thieves , this should be illegal

Gidday

I traded with quiet a few accounts

an had my fair share of

liquidity in the market

when the spikes take out trades.

Chart glitch etc

you moan your ass off

an have to prove what just happened

to reinstate the trades,or loss of income.

Who needs the broker working against you.

Please download the new platform

An remember its not are fault that you are

a real shitty trader
  • #5,044
  • May 5, 2014 7:29pm May 5, 2014 7:29pm
Kiwi seems to be building monthly levels on the back of the rate hike.

I'll be curious to short if we get up there.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusdmonthly.png Size: 33 KB
Click to Enlarge Name: nzdusdmonthly1.png Size: 31 KB
Come with me if you want to live....
  • #5,045
  • May 5, 2014 7:35pm May 5, 2014 7:35pm
weekly and monthly look bullish off local support
Attached Image(s) (click to enlarge)
Click to Enlarge Name: nzdusdweekly.png Size: 42 KB
Click to Enlarge Name: nzdusdmonthly.png Size: 36 KB
Come with me if you want to live....
  • #5,046
  • May 5, 2014 8:07pm May 5, 2014 8:07pm
Keeping NZD short, Will close on a spike above .87 and will reenter if we sink back under .87
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-h1-oanda-division1.png Size: 99 KB
  • #5,047
  • May 5, 2014 10:49pm May 5, 2014 10:49pm
added short 8697
  • #5,048
  • May 5, 2014 11:21pm May 5, 2014 11:21pm
Quoting khol_hands
added short 8697
Gidday NZ

Retrace would be good

been out played again

One long left

to high to enter any more.

hell 0.87

Wish I had let the trades run instead

off being Greedy Bastard an taking profit to early
  • #5,049
  • May 5, 2014 11:41pm May 5, 2014 11:41pm
It's not going any where but south now.
Elliott Wave for optimum entry, exit and risk management of trades
  • #5,050
  • May 5, 2014 11:44pm May 5, 2014 11:44pm
Quoting skyhok
It's not going any where but south now.
What makes you think that...... Still looks like an upward trend .
  • #5,051
  • May 6, 2014 12:11am May 6, 2014 12:11am
Quoting zen252
{quote} What makes you think that...... Still looks like an upward trend .

This pair completed the correction since 21April, under the resistance of yellow channel line, now resume original trend down.

Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdh1 01.png Size: 45 KB
Elliott Wave for optimum entry, exit and risk management of trades
  • #5,052
  • May 6, 2014 12:26am May 6, 2014 12:26am
Quoting skyhok
{quote} This pair completed the correction since 21April, under the resistance of yellow channel line, now resume original trend down. {image}
You don't think the job numbers tomorrow could push this up further?
Cheers
  • #5,053
  • May 6, 2014 12:29am May 6, 2014 12:29am
some kiwi analysis. I am stopped out of my shorts at 8662 but I still think its worth shorting here. markets are going in pretty buoyant into this number. anything less than 1% in employment change will cause the kiwi to give 50 pips with support at 8598 the first target. anything more than 1% will cause the kiwi to touch 8728 and I still don't think 8744 will be taken out. it is ignoring all fundamentals and rallying. milk prices falling down. china gdp slow down. china manufacturing PMI negative. aussie growth still punctured.
  • #5,054
  • May 6, 2014 12:45am May 6, 2014 12:45am
Quoting zen252
{quote} You don't think the job numbers tomorrow could push this up further? Cheers
Tell me more, I'm a technical person.
Elliott Wave for optimum entry, exit and risk management of trades
  • #5,055
  • May 6, 2014 12:47am May 6, 2014 12:47am
Just waiting to see how the four hour candle finishes at 7 tonight nz time
  • #5,056
  • May 6, 2014 12:51am May 6, 2014 12:51am
Quoting skyhok
{quote} Tell me more, I'm a technical person.
To be honest I'm a newbie at this, but a few articles are mentioning that if the numbers a good tomorrow then this could give good reason for a possible interest rake height next month. Do you think this has been priced in?
  • #5,057
  • May 6, 2014 12:53am May 6, 2014 12:53am
Quoting zen252
Just waiting to see how the four hour candle finishes at 7 tonight nz time
I'll be watching it.
Elliott Wave for optimum entry, exit and risk management of trades
  • #5,058
  • May 6, 2014 1:00am May 6, 2014 1:00am
Quoting zen252
{quote} To be honest I'm a newbie at this, but a few articles are mentioning that if the numbers a good tomorrow then this could give good reason for a possible interest rake height next month. Do you think this has been priced in?
Welcome to the thread, zen252 !
Anyone help out on the fundamentals, here. Because I'm only good on technicals.
Elliott Wave for optimum entry, exit and risk management of trades
  • #5,059
  • May 6, 2014 1:58am May 6, 2014 1:58am
Okay lets put the facts on the table!

Market is currently expecting a great employment report from NZ. Unemployment Rate is expected to fall below 6% for the first time in 5 years. Thats what currently is pushing NZD higher BUT at the same time we have a big risk if the unemployment report disappoints this expectations market will rush down in a hurry again. Further on i just read this article http://news.yahoo.com/china-tightens...040419588.html
Seems that china wants to tighten imports on milk so people will be forced to buy the domestic brands. Thats a very sensitive topic for the NZD, and once the unemployment dust settles eyes will turn on this story, thats why i decided to start buying the GBPNZD from 1.9380 on targeting 2.0000
consistency wins
  • #5,060
  • May 6, 2014 2:02am May 6, 2014 2:02am
Gidday NZ

Yip same trade GB/NZ long to 2.04

One to hold
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