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  • #80,621
  • Jun 24, 2014 8:46pm Jun 24, 2014 8:46pm
Quoting Ken A
No theories why A/U is moving down? Iron ore, kangaroo price or MACD says so?
pretty sure its cause of the World Cup

  • #80,622
  • Jun 24, 2014 8:47pm Jun 24, 2014 8:47pm
what do you think Ken, i'm seeing some demand...
  • #80,623
  • Jun 24, 2014 8:50pm Jun 24, 2014 8:50pm
Quoting nealpek
what do you think Ken, i'm seeing some demand...
Don't looks like it's done yet.

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  • #80,624
  • Jun 24, 2014 8:51pm Jun 24, 2014 8:51pm
Quoting InnerSong
{quote} pretty sure its cause of the World Cup
Aussie and Kiwi lost the world cup?
  • #80,625
  • Jun 24, 2014 8:53pm Jun 24, 2014 8:53pm
Quoting Davit
{quote} Barev Arman 90% trading is psychological.You need to work on it.You had blown accounts before therefore you have fear factor built in. Please read this book I changed the title.....for obvious reasons regards {image}
Shnorhagal davit!
  • #80,626
  • Jun 24, 2014 9:34pm Jun 24, 2014 9:34pm
Probably because of Crude price going up, AUD and NZD are going down? Or because of CAD too? Maybe?

Crude Daily
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  • #80,627
  • Jun 24, 2014 10:18pm Jun 24, 2014 10:18pm
Vely quiet

Who killed the thread
  • #80,628
  • Jun 24, 2014 10:21pm Jun 24, 2014 10:21pm
I thought I did it with my directional speedometers..
"Holy Grail" exists - accepting where is the first step.
  • #80,629
  • Jun 24, 2014 10:34pm Jun 24, 2014 10:34pm
Quoting Ken A
No theories why A/U is moving down? Iron ore, kangaroo price or MACD says so?
I'm going with Gold.

PA pulled back from a 90 week descending TL the same time AU began its fall.


My EA trade is on its last line of defense. There will likely be a BO on the top side if it makes a new high imo. Hoping for some signs of exhaustion from the bulls but this pair can be relentless.
As the lights go by so too do the shadows move
  • #80,630
  • Jun 24, 2014 10:36pm Jun 24, 2014 10:36pm
Quoting Ken A
Vely quiet Who killed the thread
I see the next leg moving to today's S1 @ 0.9345
And decent topside support around 0.9370
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  • #80,631
  • Jun 24, 2014 10:37pm Jun 24, 2014 10:37pm
Quoting Davit
{quote} Since I have little time (sick at home) I will expend more 1.Position size 2.Leverage 3.Stop loss To me any system must address risk stop loss 1st.If you have poor psychological training you might let losers get out of control or cut the winners short. There is 2 options for Stop loss Hard stop or mental stop.If you don't have strong psychology about trading chances are mental stop wont work. Hard stops must be logical.Can't be 20pips above/below round numbers and numbers 00 20 50 80 00 because price gets triggered on stop losses and limit...
This is priceless. Thanks Davit. I have been trading for many years but yet very weak in managing risk. My SL are basically major SR lines which sometimes are too huge. Any further recommended reading on managing risk?
The true fact is market doesn't care, risk mgt is important.
  • #80,632
  • Jun 24, 2014 10:39pm Jun 24, 2014 10:39pm
Quoting Matts Micro
{quote} I'm going with Gold. PA rebound from a 90 week descending TL the same time AU began its fall. My EA trade is on its last line of defense. There will likely be a BO on the top side if it makes a new high imo. Hoping for some signs of exhaustion from the bulls but this pair can be relentless.
Not going to mislead you. The real reason was the event following bad German IFO. I didn't stay up to watch it so completely missed E/A long trade.

Say if you were right because of Gold why would it impact NZD?

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  • #80,633
  • Jun 24, 2014 10:42pm Jun 24, 2014 10:42pm
Quoting Davit
{quote} You welcome There is a beautiful chapter on forgiveness We should not punish ourselves for mistakes (I made plenty this month) but learn from them.We often beat ourselves and think loss as failure when in fact losing is business by product just as same as winning. I ride sport motorcycle for fun and one thing they teach in racing schools never to look at the object you are trying not to hit but instead look at exit. Staring at object almost always ends up hitting it. In trading focusing fixating on a loss in vivid mental picture creates...
This is indeed good. I ride sport bike (Yamaha R1) for fun as a hobby too, but never really thought of linking them to trading. This is really an eye opener in relating them to trading.
The true fact is market doesn't care, risk mgt is important.
  • #80,634
  • Jun 24, 2014 10:45pm Jun 24, 2014 10:45pm
I think the real reason is buyers weren't strong enough or confident enough to push this above the 9440's
  • #80,635
  • Jun 24, 2014 10:47pm Jun 24, 2014 10:47pm
< ----- do you like my smile?
  • #80,636
  • Jun 24, 2014 10:49pm Jun 24, 2014 10:49pm
Nice smile ken.. how you going today mate
  • #80,637
  • Jun 24, 2014 10:52pm Jun 24, 2014 10:52pm
Quoting RBlackburn
Nice smile ken.. how you going today mate
My E/A, E/N shorts and U/N longs are depreciating but still far from entry points so just wait for another cycle. Other than those trades the rest are doing fine. Got couple S/O on E/A shorts yesterday. Annoying for being wrong. Oh well, ...
  • #80,638
  • Jun 24, 2014 10:53pm Jun 24, 2014 10:53pm
Quoting Ken A
{quote} Not going to mislead you. The real reason was the event following bad German IFO. I didn't stay up to watch it so completely missed E/A long trade. Say if you were right because of Gold why would it impact NZD? {image}
Are you referring to EA or AU? I don't understand why Euro data would affect AU so drastically?

NZD is reliant on AUD (correlated) just because of zone and Aus being its major trading partner.
As the lights go by so too do the shadows move
  • #80,639
  • Jun 24, 2014 10:55pm Jun 24, 2014 10:55pm
Quoting Matts Micro
{quote} Are you referring to EA or AU? I don't understand why Euro data would affect AU so drastically? NZD is reliant on AUD (correlated) just because of zone and Aus being its major trading partner.
No Matts, it's the carry unwinding. Check your news feed around the time of German IFO and massive inflow to EUR.

That includes EUR/NZD and direct impact to USD/NZD.
  • #80,640
  • Jun 24, 2014 10:57pm Jun 24, 2014 10:57pm
supply and demand,supply and demand, supply and demand....price drops until it hits demand then changes direction, price rises then turns when it hits supply. Ken is basically the only one i've heard from that can put together a coherent fundamental reason for price going up or down. I'm not nearly as savy as Ken is with fundamentals, but your charts do contain all the info you will ever need to make a trade. 500 people can give 500 different reasons for price action. you can't all be right!! that's why its probably worth your while to
"understand the chinese" you all see on your charts everyday! this particular trade may not work out, but i know i'm in the right "zone",
probably! If it goes lower and takes me out, i'll try again lower, because it is highly probable that this zone is a turning zone.
if not, so be it, this is trading.... have a reason..if you don't see it, don't trade it. you can make up any reason you like, but to speak chinese, you have to learn chinese...
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