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NZD/USD

  • #5,961
  • Jun 26, 2014 1:41am Jun 26, 2014 1:41am
Quoting Fadadio
lol RBNZ is concerned about Kiwi strength yet they keep raising interest rates
Raising the interest rates is in response to inflation, the housing market, wages and salaries etc etc.

The strength of the Kiwi is an unfortunate by product of raising the interest rates as far as Mr Wheeler is concerned, but the money coming into NZ because of the strong economy is something he fails to mention.

Raising and lowering interest rates is not a tool to set the value of the Kiwi.

The value of the Kiwi is determined by the market.
Doing what you like is Freedom. Liking what you do is Happiness.
  • #5,962
  • Jun 26, 2014 1:41am Jun 26, 2014 1:41am
What looks unconquerable I see as opportunity.
EN is coming into strong demand zone. 1.54 I will start buying aggressively.
Attached Image (click to enlarge)
Click to Enlarge Name: eurnzd.weekly.png Size: 49 KB
In trading, you have to be defensive and aggressive at the same time
  • #5,963
  • Jun 26, 2014 1:41am Jun 26, 2014 1:41am
Quoting Davit
{quote} There is expected Interest rate increase at July 23rd. They could choose not to if price continues to climb. That's action that they can do.
Yes, exactly. This does not cost them treasure or credibility the way that trying to bring a knife to an FX intervention gun fight would.
  • #5,964
  • Jun 26, 2014 1:42am Jun 26, 2014 1:42am
Quoting giveachance
{quote} 8.36 billion cannot move the kiwi by more than 300 pips. I suspect bulk of that is used in the last fall. this time it will rise.
8.4 billion is 5.1 billion more than total NZD in circulation (not including 0.1 billion in form of coins or whatever was added to circulation after 2007).
Someone knows how many NZD are in the world (in or not in circulation)?
The Thief of Wall Street
  • #5,965
  • Jun 26, 2014 1:44am Jun 26, 2014 1:44am
Quoting realjumper
{quote} The value of the Kiwi is determined by the market.
Yes, there is a point at which Wheeler and Stevens look like whiners who are upset that all economic variables are not simultaneously to their liking.
  • #5,966
  • Jun 26, 2014 1:44am Jun 26, 2014 1:44am
Quoting abhijityad
SL at R2 should be enough for now, Sell when its high, Buy when its low, can go both ways but things always try to reach balance, NZD is high and USD is suffering, if not today or tomorrow, NZDUSD will come down as USD strengthens
SL hit Thank you, may be a short at 8800
  • #5,967
  • Jun 26, 2014 1:46am Jun 26, 2014 1:46am
market players, Wheeler, Stevens and Erdem Basci's does not take into account
  • #5,968
  • Jun 26, 2014 1:56am Jun 26, 2014 1:56am
Bearish abcd pattern

risky...but cant let it go...

short with tight stop

Venceremos
Attached Image (click to enlarge)
Click to Enlarge Name: sAbOyFS.png Size: 71 KB
The good thing with the future is that it is progressively approaching...
  • #5,969
  • Jun 26, 2014 2:02am Jun 26, 2014 2:02am
Long AUD/NZD here looks interesting - not as volatile as AU or NU, and less need to babysit the trade.
  • #5,970
  • Jun 26, 2014 2:10am Jun 26, 2014 2:10am
Quoting bartholemew
Long AUD/NZD here looks interesting - not as volatile as AU or NU, and less need to babysit the trade.
not yet another 100pips south to me
You want price inside BB 2nd 3rd deviation for max edge
Attached Image (click to enlarge)
Click to Enlarge Name: audnzd.daily.png Size: 44 KB
In trading, you have to be defensive and aggressive at the same time
  • #5,971
  • Jun 26, 2014 2:13am Jun 26, 2014 2:13am
Quoting spinozagr
Bearish abcd pattern risky...but cant let it go... short with tight stop Venceremos {image}
short 8774 8770
  • #5,972
  • Jun 26, 2014 2:18am Jun 26, 2014 2:18am
Omg, Gold crash....
  • #5,973
  • Jun 26, 2014 2:20am Jun 26, 2014 2:20am
Quoting bogus
{quote} If I was a betting man, I'd say .88

trade balance, If there is a sharp sell bad start,

Let's see the data before
  • #5,974
  • Jun 26, 2014 2:25am Jun 26, 2014 2:25am
what hell should i do short or buy lol and lol and lol
  • #5,975
  • Jun 26, 2014 2:33am Jun 26, 2014 2:33am
Quoting Davit
{quote} not yet another 100pips south to me You want price inside BB 2nd 3rd deviation for max edge {image}
I see that. You would not begin to even scale in yet? (I never take full positions all at once, in time or price).
  • #5,976
  • Jun 26, 2014 2:42am Jun 26, 2014 2:42am
Quoting bartholemew
{quote} I see that. You would not begin to even scale in yet? (I never take full positions all at once, in time or price).
likewise I always scale in.Sure you can do it now but there is no consolidation pause.Its just straight dropping.
In trading, you have to be defensive and aggressive at the same time
  • #5,977
  • Jun 26, 2014 5:01am Jun 26, 2014 5:01am
If this isnt a double top I dont know what is
  • #5,978
  • Jun 26, 2014 5:19am Jun 26, 2014 5:19am
Quoting strat1x
If this isnt a double top I dont know what is
This is spartaAAA!
Stay Hungry Stay Foolish
  • #5,979
  • Jun 26, 2014 5:22am Jun 26, 2014 5:22am
Is it safe to post?

Posted my view in my thread about an hour and half ago.

I'm still liking this for a drop although still upward pressure at this time. Almost identical 4H spinners at the same place with one distinct difference as I see it. The approach between last time and this time. Last time a parabolic run and slapped down hard for almost 400 pips. This time what appears to be a weaker, albeit more structured approach.

4H - 1.5 hours to close.
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusdmh4.png Size: 76 KB
Ghost Rider - WWTBMD?
  • #5,980
  • Jun 26, 2014 5:22am Jun 26, 2014 5:22am
My recomendations : wait, until unemployment claims and than and only than go short with SL above 0.8780
Stay Hungry Stay Foolish
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