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NZD/USD

  • #6,521
  • Jul 10, 2014 9:43am Jul 10, 2014 9:43am
Quoting Fx_Anil
NZDUSD is on the way to re-test 0.8760 as the pair recently broke ascending trend line. Upside resistance of 0.8810 and 0.8830 remains there for the pair. {image}
agree at least going to weekly resistance become support at 8784
  • #6,522
  • Jul 10, 2014 4:15pm Jul 10, 2014 4:15pm
Gidday NZ

3 Shorts 0.88 an it climbs

got another pending at

0.886

Now thinking end off week

you would think profit taking.
  • #6,523
  • Jul 10, 2014 5:54pm Jul 10, 2014 5:54pm
Looks like a little bit of risk-off care of our friends in Portugal, will be interesting to see if this holds and potentially takes off the peak here...

I wonder if a bit of risk might up RBNZs chances of being able to clip a few retreating bulls in the tail with their pea shooter?

Some interesting thoughts from ANZ morning report regarding potential of a rate hike: http://www.voxy.co.nz/business/anz-n...brief/5/195941
  • #6,524
  • Jul 10, 2014 6:29pm Jul 10, 2014 6:29pm
Quoting Fx_Anil
NZDUSD is on the way to re-test 0.8760 as the pair recently broke ascending trend line. Upside resistance of 0.8810 and 0.8830 remains there for the pair. {image}
I naturally hope you're correct ... . Shorts of this are a poor carry trade, so I'd prefer not carrying mine over the weekend, but you do what you gotta do ... . Got a modest TP 'cuz I just wanna bail out of the short (at .877).

Tested .88 in early New York sesh, but bounced modestly off that level ... .
Fireworks are fun ... as long as you don't blow your fingers off.
  • #6,525
  • Jul 10, 2014 11:23pm Jul 10, 2014 11:23pm
Quoting giveachance
{quote} are you sure???? think again before you say that??? this pair has been frustrating bears even more than before
Yes, dear.
  • #6,526
  • Jul 10, 2014 11:28pm Jul 10, 2014 11:28pm
Quoting khol_hands
{quote} agree at least going to weekly resistance become support at 8784
Right, 0.8780 seems my TP.
  • #6,527
  • Jul 10, 2014 11:29pm Jul 10, 2014 11:29pm
Quoting ZebraSquirl
{quote} I naturally hope you're correct ... . Shorts of this are a poor carry trade, so I'd prefer not carrying mine over the weekend, but you do what you gotta do ... . Got a modest TP 'cuz I just wanna bail out of the short (at .877). Tested .88 in early New York sesh, but bounced modestly off that level ... .
I'm going to hold the position til 0.8780 or the day end (whichever comes earlier)
  • #6,528
  • Jul 11, 2014 12:31am Jul 11, 2014 12:31am
Yesterdays daily candle close was spining top,we could see a bearlish friday.
  • #6,529
  • Jul 11, 2014 1:20am Jul 11, 2014 1:20am
Quoting Fx_Anil
{quote} Right, 0.8780 seems my TP.
its another thing to have a target in mind and another thing to fight the trend and keep on losing your account. unless it breaks 8735 it does not get bearish.
  • #6,530
  • Jul 11, 2014 1:59am Jul 11, 2014 1:59am
Quoting giveachance
{quote} its another thing to have a target in mind and another thing to fight the trend and keep on losing your account. unless it breaks 8735 it does not get bearish.
I'm not bearish on NU. However, i feel that there is a chance for witnessing a pull-back.
  • #6,531
  • Jul 11, 2014 3:14am Jul 11, 2014 3:14am
I have been Selling in the past couple days with big lot of $50 and target only 10pips. Think the trend will try to reach .8846 (trend up), that is why I just play like little chicken, selling for short target. At least I already got $2500 in this week by doing that way. Huhuhuhuhu.

New position;

Sell $50 @ 0.8825 T/P 0.8810 with no stop lost.
  • #6,532
  • Jul 11, 2014 3:51am Jul 11, 2014 3:51am
Just add another Sell $10 @ 0.8835 T/p 0.8810 with no stop lost. Perhaps I could take $1000 out before market close. That will be my weekend pocket money... =)
  • #6,533
  • Jul 11, 2014 4:16am Jul 11, 2014 4:16am
Quoting nafham
I have been Selling in the past couple days with big lot of $50 and target only 10pips. Think the trend will try to reach .8846 (trend up), that is why I just play like little chicken, selling for short target. At least I already got $2500 in this week by doing that way. Huhuhuhuhu. New position; Sell $50 @ 0.8825 T/P 0.8810 with no stop lost.
Good job on the profits. Just curious what your DD comfort level is?
  • #6,534
  • Jul 11, 2014 4:28am Jul 11, 2014 4:28am
Quoting 2012mysterio
{quote} Good job on the profits. Just curious what your DD comfort level is?
What is DD?
  • #6,535
  • Jul 11, 2014 4:37am Jul 11, 2014 4:37am
Quoting nafham
{quote} What is DD?
In the context of this message its your Drawdown while in a trade. (unrealized loss)..
  • #6,536
  • Jul 11, 2014 4:50am Jul 11, 2014 4:50am
Quoting 2012mysterio
{quote} Good job on the profits. Just curious what your DD comfort level is?
U must have a serious account to run 5 lots and no SL.
  • #6,537
  • Jul 11, 2014 5:14am Jul 11, 2014 5:14am
Quoting duderoo1
{quote} U must have a serious account to run 5 lots and no SL.
Hi Duderoo, its his trade not mine. But yes, ideally he might be running a very large account to trade that large size, with no SL and "all in" trade from a percieved top, which as we all know could go up another 50-100 pips or more easily with no retrace, hence why i asked what his comfort level for his drawdown would be..
  • #6,538
  • Jul 11, 2014 5:25am Jul 11, 2014 5:25am
Quoting 2012mysterio
{quote} Hi Duderoo, its his trade not mine. But yes, ideally he might be running a very large account to trade that large size, with no SL and "all in" trade from a percieved top, which as we all know could go up another 50-100 pips or more easily with no retrace, hence why i asked what his comfort level for his drawdown would be..
I think if you look at his trade explorer, and notice previously deleted explorer, you can put the pieces of the puzzle together
Pride always comes before destruction.... -Proverbs 16:18
  • #6,539
  • Jul 11, 2014 6:01am Jul 11, 2014 6:01am
Quoting BogiFX
Yesterdays daily candle close was spining top,we could see a bearlish friday.
I think this is their last trick for collect shorts before boosting this pair to the moon. Today we have cad news.. And if cad news will be good USD/CAD will be drop so fast .. (Its going down 2 days and strong down trend) So... If UC drops NU will go to opposite way.. I added more longs for NU but this is just my toughts we will see in one and half hour
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Neural Network Algorithm and Econophysics
  • #6,540
  • Jul 11, 2014 6:05am Jul 11, 2014 6:05am
Quoting nafham
{quote} What is DD?
If you don't know, you will soon.
Fix up, trade sharp ...
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