NZD/USD

Quoting Rtm

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The problem with NZD being strong and almost like a reserve currency is that it hurts the economy because then the goods and services and everything becomes expensive. I was there in april and I witnessed it first hand. Blew way more money than I thought I would when there as NZD and AUD are the same in that sense. NZD willl just need to find a balance against USD and for time being it is just chasing yield so there will come a time when you might see some intervention and that will likely be after the data numbers suffer for a while.

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Quoting slow-trader

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{quote} High currency can also drive down the costs of food & energy, so if input are cheaper, you can charge less for the output. Strong wages from inflation in some cases help with higher costs. zoom out on any NZD pair, go to monthly or weekly bars, look at the trend. The trend is up, and now look at the economies of all those other nations currencies ... Still looking ... NZD has had one of the strongest currencies for years AND has one of the strongest economies ... Hmmm

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Quoting slow-trader

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{quote} High/strong currencies also drive down the costs of food & energy, so if input are cheaper, you can charge less for the output, in business&/economics, this is called "economies of scale". Strong wages from inflation in some cases help with higher costs. zoom out on any NZD pair, go to monthly or weekly bars, look at the trend. The trend is up, and now look at the economies of all those other nations currencies ... Still looking ... NZD has had one of the strongest currencies for years AND has one of the strongest economies ... Hmmm

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Quoting Rtm

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{quote} Okay you can go ahead and buy at the top! All I am trying to say is better to buy on dip or at least see if we come down a bit now NZD coming into winter season.

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Quoting slow-trader

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{quote} Oh I am already in, as In May, I said I was going to buy the .85 and lower level for a run at highs, I was buying big in the upper .70's ... I am just bullish, Of course I wouldn't buy up here ... BUT I wouldn't advise big sells here either. When AUD and/or NZD break out, they often make a couple hundred pip blowouts within days, if that happens here, we can easily take .90 before a selloff ... seen it plenty of times, I am going to take a counter short just to take a few pips near the top. to be...

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Quoting iqyu5an

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Dreamin' .. c ya .. {image}

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Quoting Davit

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{quote} No you did not see it many times because NU never hit .90 and also it is not "easily take.90"

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Quoting slow-trader

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{quote} Oh I am already in, as In May, I said I was going to buy the .85 and lower level for a run at highs, I was buying big in the upper .70's ... I am just bullish, Of course I wouldn't buy up here ... BUT I wouldn't advise big sells here either. When AUD and/or NZD break out, they often make a couple hundred pip blowouts within days, if that happens here, we can easily take .90 before a selloff ... seen it plenty of times, I am going to take a counter short just to take a few pips near the top. to be clear, I am not bearish until below .8050,...

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Quoting 2012mysterio

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Too strong a Directional Bias often hurt people more than help. Once I realized that, my trading steadily improved. A few good traders pointed that out to me, after many good debates we had for shorting or buying a pair at any given time. Both make pips. And that is my honest opinion.:nerd:

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Quoting 2012mysterio

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Too strong a Directional Bias often hurt people more than help. Once I realized that, my trading steadily improved. A few good traders pointed that out to me, after many good debates we had for shorting or buying a pair at any given time. Both make pips. And that is my honest opinion.:nerd:

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Quoting iqyu5an

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getting closer to prev extreme supply... Time to focus on #KIWI {quote}

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Quoting iqyu5an

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{quote} {image}

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Quoting slow-trader

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{quote} .
And ... I have all the old screen shots since you asked me to delete my comments and you deleted yours. So please, buddy, put me on ignore again ... for the third time ...

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