NZD/USD | Page 290 | Forex Factory

Options

Go to
Permalinks
Print Thread

Related Instruments

NZD/USD

Similar Threads

EUR/GBP, EUR/USD, GBP/USD, AUD/USD, CAD, NZD, JPY, and more... 15 replies

Milking 4 pairs AUD/NZD, EUR/GBP,NZD/CAD & AUD/CAD for a living 38 replies

Gbp/nzd,gbp/usd,nzd/usd analysis 3 replies

trading gbp/nzd with nzd/usd overlay 6 replies

NZD/JPY AUD/NZD basket 3 replies

Attachments: NZD/USD
Exit Attachments

NZD/USD

  • #5,781
  • Jun 24, 2014 7:41am Jun 24, 2014 7:41am
Quoting Davit
{quote} Price has very little to do with Trend Lines.Price can break TL then bounce up on same probability as continuing direction of BO This is kind of analyses everyone is used to seeing and sort of brainwashed.Majority of people trading TL break out lose just as same as using any other traditional TA On any given moment Price is battle between bulls and bears and one side wins.True on all TF.Example why depending TL break might of cost you lot of money. Regards {image}
But this could be avoided by experienced trader, when price just break trend line, it's time to close order, not to open order. loss can be totally avoided, but can avoid risks in most of time.
  • #5,782
  • Jun 24, 2014 7:59am Jun 24, 2014 7:59am
Quoting zew
{quote} But this could be avoided by experienced trader, when price just break trend line, it's time to close order, not to open order. loss can be totally avoided, but can avoid risks in most of time.
True.I am just trying to enlist the idea that trading is simple probability.One should have the mindset anything can happen.Once this is excepted then one can exploit the edge on series of trades and not just few.
Break out trading is very profitable Donchian proved that (Donchian channel) if one accepts multiple false BO's and cuts the losers quick.
In the end its all about MM.

For the Record I don't draw trend lines at all.This is one overemphasized part of TA I gladly avoid.
Regards
Worth watching from 25yrs experienced old veteran trader
Inserted Video

Understanding the Limitations of Technical Analysis
In trading, you have to be defensive and aggressive at the same time
  • #5,783
  • Jun 24, 2014 8:04am Jun 24, 2014 8:04am
Quoting zen252
{quote} That would be a good start if your right.... just so hard to break .87 at the moment though.

go go go
  • #5,784
  • Jun 24, 2014 8:08am Jun 24, 2014 8:08am
Quoting Davit
{quote} True.I am just trying to enlist the idea that trading is simple probability.One should have the mindset anything can happen.Once this is excepted then one can exploit the edge on series of trades and not just few. Break out trading is very profitable Donchian proved that (Donchian channel) if one accepts multiple false BO's and cuts the losers quick. In the end its all about MM. For the Record I don't draw trend lines at all.This is one overemphasized part of TA I gladly avoid. Regards
I am also not a big friend of trend lines. You have to draw them very accurately in order to work, otherwise they can be deceiving. But if one likes them and knows how to work with them there is really nothing to say about it. Same with a lot of methods. Just because something makes me 5 millions it does not necessarily have to have the same outcome for another trader. Whatever works.
Fix up, trade sharp ...
  • #5,785
  • Jun 24, 2014 8:09am Jun 24, 2014 8:09am
Quoting Davit
{quote} Price has very little to do with Trend Lines.Price can break TL then bounce up on same probability as continuing direction of BO This is kind of analyses everyone is used to seeing and sort of brainwashed.Majority of people trading TL break out lose just as same as using any other traditional TA On any given moment Price is battle between bulls and bears and one side wins.True on all TF.Example why depending TL break might of cost you lot of money. Regards {image}
I Agree
  • #5,786
  • Jun 24, 2014 8:17am Jun 24, 2014 8:17am
Quoting Hickson
{quote} I am also not a big friend of trend lines. You have to draw them very accurately in order to work, otherwise they can be deceiving. But if one likes them and knows how to work with them there is really nothing to say about it. Same with a lot of methods. Just because something makes me 5 millions it does not necessarily have to have the same outcome for another trader. Whatever works.
True.In most basic form if majority of traders lose lets say 80-90% using same traditional Technical analyses
then we should ask what and how does 10-15% winners think and use.
From video I posted Jason tries to explain that one can use TA to know where the losers are and this is what market does.
20pips above/below round numbers reside most stop losses and price usually takes them out easily because its so damn predictable location.
To me Stop loss is key to become successful.Its not about profits but controlling risk.
In trading, you have to be defensive and aggressive at the same time
  • #5,787
  • Jun 24, 2014 8:22am Jun 24, 2014 8:22am
Lets hope news is green.USD got tired of being oversold.
In trading, you have to be defensive and aggressive at the same time
  • #5,788
  • Jun 24, 2014 8:25am Jun 24, 2014 8:25am
Quoting Davit
{quote} To me Stop loss is key to become successful.Its not about profits but controlling risk.
I have never seen a consistently profitable trader without SL. Go to Mql5 and view the signal section. Lots of free signals with amazing win rates of hundreds to thousand percents using some Martingale or whatever. Then look at their open trades and the percentage of draw down ... then come back some weeks or months later. They will not be there. I once saw a guy offering a signal service on a real account whose draw down was something about 200 k.
Fix up, trade sharp ...
  • #5,789
  • Jun 24, 2014 8:30am Jun 24, 2014 8:30am
On the daily chart, we see a bat pattern and from june 22 to july 4 its time will be fulfilled. We will observe a drop if a negative hidden divergence happens.


http://forex-fa14.blogspot.com/


Attached Image (click to enlarge)
Click to Enlarge Name: nzd usd.gif Size: 25 KB
  • #5,790
  • Jun 24, 2014 8:35am Jun 24, 2014 8:35am
Bring on .89
  • #5,791
  • Jun 24, 2014 8:36am Jun 24, 2014 8:36am
CB Consumer Confidence and New Home Sales at 6pm.
She has to go down this time
Stay Hungry Stay Foolish
  • #5,792
  • Jun 24, 2014 8:38am Jun 24, 2014 8:38am
Did you guys noticed when price drops before a news significantly its almost as though market knows the outcome.
I am letting this run down
In trading, you have to be defensive and aggressive at the same time
  • #5,793
  • Jun 24, 2014 8:39am Jun 24, 2014 8:39am
Why would you want that? Us economy is a piece of shit they deserve to be sold into the ground. Hehehheeh
  • #5,794
  • Jun 24, 2014 8:40am Jun 24, 2014 8:40am
Quoting Hickson
{quote} I have never seen a consistently profitable trader without SL. Go to Mql5 and view the signal section. Lots of free signals with amazing win rates of hundreds to thousand percents using some Martingale or whatever. Then look at their open trades and the percentage of draw down ... then come back some weeks or months later. They will not be there. I once saw a guy offering a signal service on a real account whose draw down was something about 200 k.
Very true or they have over-leveraged position showing 800% return and next day 250% and week later done.
Here is something lot of new traders don't get
If I have 500 to burn and don't care if I lose it all then I might be tempted going it all and if get lucky double my money on 1 trade.
Would same trader do with 20k account? I don't think so. 800% return on 100 account means nothing.
In trading, you have to be defensive and aggressive at the same time
  • #5,795
  • Jun 24, 2014 8:57am Jun 24, 2014 8:57am
Quoting Davit
Did you guys noticed when price drops before a news significantly its almost as though market knows the outcome. I am letting this run down

I think, it happens because "BSDs", as you say, know the outcome and they are closing their longs (in our case), what causes "nice" drop-downs.
Stay Hungry Stay Foolish
  • #5,796
  • Jun 24, 2014 9:04am Jun 24, 2014 9:04am
Nice green numbers at least shorts have a chance.
Looking to get out of Aussie shorts
In trading, you have to be defensive and aggressive at the same time
  • #5,797
  • Jun 24, 2014 9:05am Jun 24, 2014 9:05am
Quoting Davit
Nice green numbers at least shorts have a chance. Looking to get out of Aussie shorts
Amen! Davit. Been holding these too long for my tastes. lol
Ghost Rider - WWTBMD?
  • #5,798
  • Jun 24, 2014 9:19am Jun 24, 2014 9:19am
Quoting albchr
{quote} Amen! Davit. Been holding these too long for my tastes. lol
I hate the swap.I did get out of Aussie shorts in nice profits so my swap on NU is reduced.
Need GU to hit 6950 and I may get out of that as well.
Regards
In trading, you have to be defensive and aggressive at the same time
  • #5,799
  • Jun 24, 2014 9:28am Jun 24, 2014 9:28am
Quoting Davit
{quote} I hate the swap.I did get out of Aussie shorts in nice profits so my swap on NU is reduced. Need GU to hit 6950 and I may get out of that as well. Regards
Still holding AU and GU shorts. AU to about 9364ish first target. GU already banked a small portion and looking at 693x. Good luck brother
Ghost Rider - WWTBMD?
  • #5,800
  • Jun 24, 2014 9:34am Jun 24, 2014 9:34am
Quoting albchr
{quote} Still holding AU and GU shorts. AU to about 9364ish first target. GU already banked a small portion and looking at 693x. Good luck brother
AU is tough cookie.Might not get any lower but I could be wrong as well.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.h4.png Size: 32 KB
In trading, you have to be defensive and aggressive at the same time
5 traders viewing now