- #5,323
- May 20, 2014 5:13am May 20, 2014 5:13am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
- #5,324
- May 20, 2014 5:16am May 20, 2014 5:16am
- Joined Feb 2014 | Status: Trader | 1,796 Posts
{quote} I got 7500-7700 for end of August 2014. AMR is 320 points, so enough time to get there with that range.
I've got 0.7680 bottom of the Ending Diagonal by middle of September.
Elliott Wave for optimum entry, exit and risk management of trades
- #5,325
- May 20, 2014 5:17am May 20, 2014 5:17am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} I agree with you that we will get there. USD is gonna plunge and thats when we will see it a reality..
- #5,326
- May 20, 2014 5:19am May 20, 2014 5:19am
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
{quote} yeah OK guys, let's check back on this in August 2014.
As NZD rises, especially as interest rate hikes take place offering more attractive yields and USD begins to collapse NZD/USD easily could reach 0.90
- #5,328
- May 20, 2014 5:34am May 20, 2014 5:34am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} Can't agree more. I've got 0.7680 bottom of the Ending Diagonal by middle of September. {image}
- #5,330
- Edited 6:52am May 20, 2014 6:42am | Edited 6:52am
NU bond yields are going down. so not sure where yous getting higher yields from. {image}
I see your point though i would like to mention that positive correlation between 10Y NZbond and NZDUSD is rather weak, if there is any at all. Below is chart for last 23 years to compare both.
- #5,331
- May 20, 2014 7:23am May 20, 2014 7:23am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} I see your point though i would like to mention that positive correlation between 10Y NZbond and NZDUSD is rather weak, if there is any at all. Below is chart for last 23 years to compare both. {image}
NZD USD technically got a major WW pattern on weekly charts, so this is a strong indicator of a reversal as well.
I'm in this trade with 200+ lots. lets see what gives.
- #5,332
- May 20, 2014 7:29am May 20, 2014 7:29am
{quote} Spik, my trade is not based on bond yields, it's based on COT data and mean reversion. Bond yields do have an impact however, since it's obvious that less demand for gvt bonds results is smaller inflows hence it won't support the currency overall. NZD USD technically got a major WW pattern on weekly charts, so this is a strong indicator of a reversal as well. I'm in this trade with 200+ lots. lets see what gives.
lots (!!). Big time trader there 
- #5,333
- May 20, 2014 7:47am May 20, 2014 7:47am
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} Your stance is completely valid, no doubt. Though long-term i see it differently, i sincerely wish you the best luck with - ehm - 200+
- #5,335
- May 20, 2014 12:18pm May 20, 2014 12:18pm
- | Commercial User | Joined Jan 2011 | 4,044 Posts
Bad news for the NZD: http://www.agriland.ie/news/global-d...8-fall-prices/ Down to 8500 we go.....
- #5,336
- Edited 3:19pm May 20, 2014 12:30pm | Edited 3:19pm
- Joined Oct 2013 | Status: Trader | 3,656 Posts
- #5,340
- May 20, 2014 2:56pm May 20, 2014 2:56pm
- | Commercial User | Joined Jan 2011 | 4,044 Posts
{quote} Well, how are you, 5th wave soldier? I too, hope you WERE NOT all in on being bullish on AUD/CHF...lol Shalom,
