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NZD/USD

  • #6,781
  • Jul 16, 2014 9:39pm Jul 16, 2014 9:39pm
Just got to break this double bottom to clear the way south.
Attached Image (click to enlarge)
Click to Enlarge Name: dbl bt.jpg Size: 19 KB
FF journal: Peaks and Troffs
  • #6,782
  • Jul 16, 2014 10:00pm Jul 16, 2014 10:00pm
Quoting bogus
Just got to break this double bottom to clear the way south. {image}

what type of chart is this hmmm
  • #6,783
  • Jul 16, 2014 10:56pm Jul 16, 2014 10:56pm
Quoting cobracoder
{quote} what type of chart is this hmmm
It's just a 1 hour NU chart with the direction of PA I marked with the black line, and the X's marking the last swing high. As you can see the X's are getting lower.
FF journal: Peaks and Troffs
  • #6,784
  • Jul 17, 2014 10:26am Jul 17, 2014 10:26am
For obvious reasons NZD got hammered this week after setting its highs. The fact the matter is it has a huge short positions as well. Any surprises and this think could hit 89 before it hits back to mid 80's. People are just too intimidated to hold long because of carry and don't want to be stuck.
  • #6,785
  • Jul 17, 2014 11:11am Jul 17, 2014 11:11am
Wow this is a real fight here at .8690. Is it going to hold back over the psychological 87 or not. Do people want to sell now before the overnight carry?? Thoughts?
  • #6,786
  • Edited 2:15pm Jul 17, 2014 1:30pm | Edited 2:15pm
Quoting Msis125125
{quote} ... There is a saying about KIWI going up the stars and falling down the elevator shaft. Guess where are we now?
Don't you think it'll retrace just a little bit so I can close a long at 0.8768?

Edit: lol kingleeny just answered
  • #6,787
  • Jul 17, 2014 3:18pm Jul 17, 2014 3:18pm
Quoting number15
{quote} Don't you think it'll retrace just a little bit so I can close a long at 0.8768? Edit: lol kingleeny just answered
I have long position at same spot with you... Already -$4500 and thinking if I should close it or not before it wipe off my account. I still have another $3000 to breath for now. I made $2500 this week and don't mind if I loss that amount back but I will be really devastated if my account get cleaned!!!
  • #6,788
  • Jul 17, 2014 3:42pm Jul 17, 2014 3:42pm
Quoting nafham
{quote} I have long position at same spot with you... Already -$4500 and thinking if I should close it or not before it wipe off my account. I still have another $3000 to breath for now. I made $2500 this week and don't mind if I loss that amount back but I will be really devastated if my account get cleaned!!!
Very similar situation here. 40% DD on my account. But H4 looks like a bullish flag, and there is confluence with D1 38.2 Fib retracement. I'm staying in. TP just below 0.875
  • #6,789
  • Jul 17, 2014 3:54pm Jul 17, 2014 3:54pm
Its going down and people still longing
  • #6,790
  • Jul 17, 2014 3:56pm Jul 17, 2014 3:56pm
http://www.forexfactory.com/attachme...&d=1405510448:)
  • #6,791
  • Jul 17, 2014 3:59pm Jul 17, 2014 3:59pm
Quoting cobracoder
Its going down and people still longing
This seems to be the preferred method of most people on FF...
Anything can happen.
  • #6,792
  • Jul 17, 2014 4:05pm Jul 17, 2014 4:05pm
This is for you two up there stubbornly holding your disastrous longs : NZDUSD just broke the 50d MA without a bounce, QE is shrinking every month, the likely hood of a sooner than expected rate hike, dairy prices are collapsing,RBNZ likely holding off on a rate hike, and now with this Malaysian airlines situation potentially triggering an international crisis leading to risk off sentiment.

This is my amateur analysis but you guys could be on the wrong side of a potentially epic collapse in the kiwi.



Edit: Long time lurker, this is my first post on FF.
  • #6,793
  • Jul 17, 2014 4:12pm Jul 17, 2014 4:12pm
Next stop .8640 ish.
FF journal: Peaks and Troffs
  • #6,794
  • Jul 17, 2014 4:17pm Jul 17, 2014 4:17pm
Quoting barrett
{quote} Very similar situation here. 40% DD on my account. But H4 looks like a bullish flag, and there is confluence with D1 38.2 Fib retracement. I'm staying in. TP just below 0.875
I don't see it. I just see price making new lows.
Attached Image (click to enlarge)
Click to Enlarge Name: pui.jpg Size: 35 KB
FF journal: Peaks and Troffs
  • #6,795
  • Jul 17, 2014 4:20pm Jul 17, 2014 4:20pm
Gidday NZ

Nafham if you are $4500 ahead

Why would you leave it sitting on the table over the weekend

The NZ pairs are risky as

better to start again next week
  • #6,796
  • Jul 17, 2014 4:23pm Jul 17, 2014 4:23pm
Quoting nafham
{quote} I have long position at same spot with you... Already -$4500 and thinking if I should close it or not before it wipe off my account. I still have another $3000 to breath for now. I made $2500 this week and don't mind if I loss that amount back but I will be really devastated if my account get cleaned!!!
Quoting barrett
{quote} Very similar situation here. 40% DD on my account. But H4 looks like a bullish flag, and there is confluence with D1 38.2 Fib retracement. I'm staying in. TP just below 0.875
Sorry mates I panicd a while ago, closed position 4% drawdown
Attached Image (click to enlarge)
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  • #6,797
  • Jul 17, 2014 4:44pm Jul 17, 2014 4:44pm
So, was back the other day. Watching NZDUSD for a while waiting for a call.

Just entered long trade @0,8665 with 7 lots; SL 0,8615, TP 0,8765 (1/3), 0,8780 (1/3), 0,8795 (1/3). RR 1:2 as usual.
  • #6,798
  • Jul 17, 2014 4:52pm Jul 17, 2014 4:52pm
Quoting Spik
So, was back the other day. Watching NZDUSD for a while waiting for a call. Just entered long trade @0,8665 with 7 lots; SL 0,8615, TP 0,8765 (1/3), 0,8780 (1/3), 0,8795 (1/3). RR 1:2 as usual.

its going down and u buying good luck to u ..
  • #6,799
  • Jul 17, 2014 5:07pm Jul 17, 2014 5:07pm
Attached Image (click to enlarge)
Click to Enlarge Name: kiwh1.gif Size: 127 KB
  • #6,800
  • Jul 17, 2014 5:07pm Jul 17, 2014 5:07pm
This was my first kiwi trade.
I checked it was climbing since June, didn't see it was at Aug/2011 level.
Saw it fell the day before and was going sideways. I thought it was time for another step up.
The second I hit buy, it fell 40 pips lol
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