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NZD/USD

  • #5,621
  • Jun 11, 2014 8:30pm Jun 11, 2014 8:30pm
Quoting Davit
{quote} its 8637 8640 not broken "amidst all the "Short!" shouts" Does not matter what others call here including me.You want to go long?Please do.
I will, once you Shorts push the price down a little bit. After all "The Bank does not believe the exchange rate is sustainable at current levels". LOL

So c'mon, get to work!! Short, short, short!!

Quoting Davit
Short 6x {image}
You only shorted with 6 positions??!! That's NOT enough!! Short more! I want to see a red candle all the way down to 0.85 with your shorts! You can do it!! Work that price there so I can get in with my Long!
Make your losses in demo. Earn your profits live.
  • #5,622
  • Jun 11, 2014 8:39pm Jun 11, 2014 8:39pm
AUD numbers were less then stellar which helps my over 20 positions on 3 different AUD crosses
In trading, you have to be defensive and aggressive at the same time
  • #5,623
  • Jun 11, 2014 8:45pm Jun 11, 2014 8:45pm
Quoting Davit
Its forming classic Gartley {image}
David,

Can you explain what is the "B form yet " means in ur chart ?

i sell GN, wanna know how is GN going to be lately....
pending lossing trade now (
  • #5,624
  • Jun 11, 2014 8:53pm Jun 11, 2014 8:53pm
Quoting waifong
{quote} David, Can you explain what is the "B form yet " means in ur chart ? i sell GN, wanna know how is GN going to be lately.... pending lossing trade now (
Just harmonic pattern
http://ournifty.com/wp-content/uploa...rn-300x257.jpg
http://www.forexfactory.com/attachme...5&d=1363930974
Its a general pattern that occurs often in different number configurations which have different names but idea is based upon Elliot Wave of Impulse wave correction and so on.Most HT sell at D but not B but I am little aggressive.
In trading, you have to be defensive and aggressive at the same time
  • #5,625
  • Jun 11, 2014 9:01pm Jun 11, 2014 9:01pm
Quoting Davit
{quote} its 8637 8640 not broken "amidst all the "Short!" shouts" Does not matter what others call here including me.You want to go long?Please do.
Just broke the 0.8640 level! C'mon, where were your Shorts???!! Still waiting for the red candle.
Make your losses in demo. Earn your profits live.
  • #5,626
  • Jun 11, 2014 9:04pm Jun 11, 2014 9:04pm
Quoting waifong
{quote} David, Can you explain what is the "B form yet " means in ur chart ? i sell GN, wanna know how is GN going to be lately.... pending lossing trade now (
You should not trade any GBP crosses without sufficient experience.
Average ADR 100pips more or less you have no business trading GN period!
Even I years of experience don't trade GBP crosses (few exceptions)
Worst when newbies trade G/J and get their asses kicked hard

Stick with low ADR pairs
In trading, you have to be defensive and aggressive at the same time
  • #5,627
  • Jun 11, 2014 9:09pm Jun 11, 2014 9:09pm
I closed my longs too early. and sell it at 0.8610.

I think short this pair above 0.87 is safe.

This pair has potential to challenge prev high 0.8750+
  • #5,628
  • Jun 11, 2014 9:11pm Jun 11, 2014 9:11pm
Quoting Forexia
{quote} Just broke the 0.8640 level! C'mon, where were your Shorts???!! Still waiting for the red candle.
don't become a nuisance
In trading, you have to be defensive and aggressive at the same time
  • #5,629
  • Jun 11, 2014 9:29pm Jun 11, 2014 9:29pm
Quoting Forexia
{quote} I will, once you Shorts push the price down a little bit. After all "The Bank does not believe the exchange rate is sustainable at current levels". LOL So c'mon, get to work!! Short, short, short!! {quote} You only shorted with 6 positions??!! That's NOT enough!! Short more! I want to see a red candle all the way down to 0.85 with your shorts! You can do it!! Work that price there so I can get in with my Long!
Kiwi is bearish... But it doesn't mean there is no bull in bearish trend. was in bull camp from 842x and clear in 860x

Any bull is a "correction" for bear fans. bull should put SL on tight

why bearish ? look at monthly and it's still in below quarterly open line...and once quarterly open line broke....big dogs will prepare for it (look at the wick of the prev monthly )

there is always bull and bear ......just keep on our own MM to survive

All and all.. yes already Long in EU ( coz am bearish in kiwi ) with tight SL ( green already coz buy on dip eh... ) hmmm carry trade is over ?? dunno
not euphoria follower
  • #5,630
  • Jun 11, 2014 9:32pm Jun 11, 2014 9:32pm
without intervention or rate cut NZD will keep going up, usdchf dropped like a stoneuntil the moment the eurchf floor was set
  • #5,631
  • Jun 11, 2014 9:33pm Jun 11, 2014 9:33pm
Quoting Davit
Its forming classic Gartley {image}
did u see 5:0 bearish pattern after bullish shark dude ?
not euphoria follower
  • #5,632
  • Jun 11, 2014 9:37pm Jun 11, 2014 9:37pm
Quoting dodoei
without intervention or rate cut NZD will keep going up, usdchf dropped like a stoneuntil the moment the eurchf floor was set
carry trade ??? but market is always looking for equilibrium ... still potential UP but dunno till where ... so better flat and wait till all clear for setup
not euphoria follower
  • #5,633
  • Jun 11, 2014 9:45pm Jun 11, 2014 9:45pm
Quoting Davit
{quote} 30% NZ economy is depended on dairy products and milk prices are all time low. I will continue selling even at 87-88
I cant see bearish right now even with time frame M30.
so dramatic davit but you are always good trader.
tp 866xx
  • #5,634
  • Jun 11, 2014 9:49pm Jun 11, 2014 9:49pm
I am gonna go take a nice hot shower, when I get back I want this at 0.8515x
  • #5,635
  • Jun 11, 2014 10:00pm Jun 11, 2014 10:00pm
Dreamin' ..

c ya ..
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusddailydreaming.png Size: 39 KB
not euphoria follower
  • #5,636
  • Jun 11, 2014 10:08pm Jun 11, 2014 10:08pm
Quoting Davit
{quote} don't become a nuisance
Just a joke, geez. Don't like it? Just ignore me like before. I won't mind.
Make your losses in demo. Earn your profits live.
  • #5,637
  • Jun 11, 2014 10:12pm Jun 11, 2014 10:12pm
Quoting Davit
{quote} 30% NZ economy is depended on dairy products and milk prices are all time low. I will continue selling even at 87-88
But those prices are lower because of a stronger NZD. As the currency strengthened inflationary pressure reduces as prices fall more in line with wages...

get food and energy costs more in line with wages and you have more disposable income available for consumer spending, investment, business growth, employment, etc..
"Holy Grail" exists - accepting where is the first step.
  • #5,638
  • Jun 11, 2014 10:18pm Jun 11, 2014 10:18pm
Quoting strat1x
I am gonna go take a nice hot shower, when I get back I want this at 0.8515x
0.861x maybe. 0.8515x? Not sure after this rate increase AND statements like "More recently, growth has become more self-sustaining and very low interest rates are no longer appropriate given the rise in inflationary pressures. Consequently, the Bank expects to raise the OCR towards a more neutral level."

Just my two cents.
Make your losses in demo. Earn your profits live.
  • #5,639
  • Jun 11, 2014 10:31pm Jun 11, 2014 10:31pm
Gidday NZ Traders

Mean while down on the farm

My GBP/NZ EUR/NZ

kicked in nice in low

sure can go down some more but

but come down 5 cents
Attached Image
  • #5,640
  • Jun 11, 2014 11:03pm Jun 11, 2014 11:03pm
It should be down by now. It's 120 pips away from 90EMA and RSI is above 70. I'm expecting for it to consolidate 15-30 pips from where it is now until the EMA goes higher and push it up again. According to some interviews, "RBNZ: Doesn’t see NzdUsd exchange rate maintaining at these lvls; Bank aims at lower exchange rate & higher interest rates. Declines to comment on Intervention.". But that's a bullshit. Who the hell will increase rates if they want the exchange rates low? Ofcourse that wouldn't happen. However, what big boss say I say. So I still believe that there's going to be very strrooooong, I say, stronngg resistance somewhere there, Maybe at this level on where it is standing now. I used to trade in our local spot market in treasury, our brokers usually say volumes ranging $0.5-$5. But when we hear $8-$15. That's the time we square off, that's a signal when the central bank is interfering.
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