DislikedI have ~-5% DD on NU floating, and I am calm. https://www.wholesale.nabgroup.com/s...14%5D12941.pdfIgnored
are you short too ?
- #5,903
- Jun 25, 2014 2:49pm Jun 25, 2014 2:49pm
Poor US GDP took the sail out of USD Bulls8660 is defended pretty strongly.
More opportunity for me to add shorts, what I do is look at H!, for possible exits, then re entries based on daily trend.....
- #5,904
- Jun 25, 2014 3:27pm Jun 25, 2014 3:27pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
I have ~-5% DD on NU floating, and I am calm. https://www.wholesale.nabgroup.com/s...14%5D12941.pdf
Ghost Rider - WWTBMD?
- #5,905
- Jun 25, 2014 3:44pm Jun 25, 2014 3:44pm
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
Tomorrow we have the NZD Trade Balance with the forecast substantially lower than what it has been this year. Not sure if this will prove beneficial to shorts or longs when this does come out but as it remains I'm still short @0.87000 and will continue to hold. RBNZ intervention is becoming more and more a likelihood as this continues to climb. Something similar to 2011 could just as easily be around the corner without us even knowing it yet. Bottom line, I'd rather be short in this pair when there is more downside than upside to come along. Just my 2 cents.
- #5,906
- Jun 25, 2014 3:54pm Jun 25, 2014 3:54pm
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
I feel it noteworthy to add also that this could just as easily hit 0.88 before breaking down.
- #5,908
- Jun 25, 2014 4:14pm Jun 25, 2014 4:14pm
- Joined Nov 2013 | Status: Trading Chaos | 1,133 Posts
{quote} I can't see in calendar. Please tell me corect time, when?
10:45 GMT +12 (NZ Local Time)
- #5,909
- Jun 25, 2014 4:24pm Jun 25, 2014 4:24pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #5,910
- Jun 25, 2014 4:25pm Jun 25, 2014 4:25pm
- Joined Apr 2012 | Status: Trader | 1,054 Posts
When Scalpers win, I lose and Vice varsa... 
- #5,912
- Jun 25, 2014 7:06pm Jun 25, 2014 7:06pm
- | Joined Nov 2013 | Status: Trader | 1,222 Posts
Could go even higher than 88, NZD just never stops
- #5,914
- Jun 25, 2014 7:18pm Jun 25, 2014 7:18pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
NU - What I once was dreading I'm beginning to see as opportunity here. Yep! I got in WAY to early. Yep! I bailed on my two lowest entries and took a little hit. Yep! I added another at the top here this morning. Yep! this may be a sad excuse for a shark pattern on the 4H 
... lol
There are other fib confluences but it's just too messy to leave them. (Even this is ugly...lol) Between the rate hike and the coming trade balance tomorrow, I see every chance for this to reach 88 and possibly even spike the high of 8840ish. But I believe beyond that would take an act of God (or politicians) to achieve. My current DD on this is net 2.15%. After being here so long, I figure wait till she tumbles. Nothing goes up forever or in a straight line. The multi year high should be at least a serious pivot. I shall ....
4H - Daily
... lolThere are other fib confluences but it's just too messy to leave them. (Even this is ugly...lol) Between the rate hike and the coming trade balance tomorrow, I see every chance for this to reach 88 and possibly even spike the high of 8840ish. But I believe beyond that would take an act of God (or politicians) to achieve. My current DD on this is net 2.15%. After being here so long, I figure wait till she tumbles. Nothing goes up forever or in a straight line. The multi year high should be at least a serious pivot. I shall ....
4H - Daily
Ghost Rider - WWTBMD?
NU - What I once was dreading I'm beginning to see as opportunity here. Yep! I got in WAY to early. Yep! I bailed on my two lowest entries and took a little hit. Yep! I added another at the top here this morning. Yep! this may be a sad excuse for a shark pattern on the 4H
we both will be fine i guess. we go down soon now. it was enuff.
- #5,917
- Jun 25, 2014 7:35pm Jun 25, 2014 7:35pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
Ghost Rider - WWTBMD?
- #5,919
- Jun 25, 2014 7:42pm Jun 25, 2014 7:42pm
- Joined Mar 2009 | Status: Trader | 25,480 Posts
{quote} we both will be fine i guess. we go down soon now. it was enuff.
I'm with you albchr
{quote} It would certainly appear that we are going to .88.... now we need to see if RBNZ will step in.
And Amen zen ...
...lolAdded one more at 0.87641 ...
.. What's the old saying? The farther they climb the farther they can fall?
Ghost Rider - WWTBMD?
- #5,920
- Jun 25, 2014 7:48pm Jun 25, 2014 7:48pm
{quote} {quote} {quote}
There was an article in New Zealand saying the RBNZ trying to sell down the Kiwi dollar in the market place is like bringing a pee-shooter to an elephant hunt.
What we really need is some bad data to come out of NZ, wheeler not to increase interested rates (though we already know how that Muppet works), or the US to start indicating the they may increase interest rates sooner than later.
So maybe all the people talking this up to .89 maybe not be wrong after all.