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NZD/USD

  • #6,801
  • Jul 17, 2014 5:08pm Jul 17, 2014 5:08pm
Quoting lefpaz
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...
Pretty much agree with all that.

Trading eh. It's a tough old game.
I have no clue what I'm talking about.
  • #6,802
  • Jul 17, 2014 6:03pm Jul 17, 2014 6:03pm
Quoting eliteincome
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
Just checked again the graph and now my equity is down to $2500. And yes, I will close my account with big loss but that's ok. Last week I made a profit over $3000 and this week another $2500. This if I close my position with -$5000, I just back to where I start before. Not win neither loss. I will wait for next couple hours to see if the graph goin up a bit just so I could close with -$4000 or less.

Then next week, I will pump again the won profit that I withdraw $3000 last week into this account and start doing some recovery again. Think that is the smart way without wiping off my account.
  • #6,803
  • Jul 17, 2014 6:07pm Jul 17, 2014 6:07pm
I think the smarter way would be to play with less money.

Still in my shorts +15% so far. I'm temped to jump out, regardless I wont be holding this over the weekend, since tomorrow is Friday, and there isnt really any news scheduled...I expect flat or continued down trend. Regardless- we'll get more than one chance to get out at these levels.

Good luck.
  • #6,804
  • Jul 17, 2014 6:34pm Jul 17, 2014 6:34pm
entering potential strong support ........but still waiting for a good time to load bullish bullet.
not euphoria follower
  • #6,805
  • Jul 17, 2014 6:43pm Jul 17, 2014 6:43pm
Quoting Pharm0r
I think the smarter way would be to play with less money. Still in my shorts +15% so far. I'm temped to jump out, regardless I wont be holding this over the weekend, since tomorrow is Friday, and there isnt really any news scheduled...I expect flat or continued down trend. Regardless- we'll get more than one chance to get out at these levels. Good luck.
of cos the smarter way is playing with a small money. Sometime we all facing a shit situation and this time is my turn. So to be positive with my current bad situation, I will accept to lose half of my capital and will try to recovery again the lose money in the next couple weeks.

There are several times I double/triple up my capital within one week. Wheel always rotating, sometime we at the top and sometime we at the bottom. It just a normal games here.

I don't mind to lose big money but I do mind if my account get wiped off. As I rather to have some money in my capital to roll over next week.
  • #6,806
  • Jul 17, 2014 7:01pm Jul 17, 2014 7:01pm
Quoting nafham
{quote} of cos the smarter way is playing with a small money. Sometime we all facing a shit situation and this time is my turn. So to be positive with my current bad situation, I will accept to lose half of my capital and will try to recovery again the lose money in the next couple weeks. There are several times I double/triple up my capital within one week. Wheel always rotating, sometime we at the top and sometime we at the bottom. It just a normal games here. I don't mind to lose big money but I do mind if my account get wiped off. As I rather...
Hey it's your money, only you know your financial situation.

I wish you luck, there's enough money for everyone
  • #6,807
  • Jul 17, 2014 7:13pm Jul 17, 2014 7:13pm
Quoting Pharm0r
{quote} Hey it's your money, only you know your financial situation. I wish you luck, there's enough money for everyone

Indeed. money always there for all of us.

Seem like turning point just setting up.

Wish you luck too with your positions.
  • #6,808
  • Jul 17, 2014 7:21pm Jul 17, 2014 7:21pm
Quoting iqyu5an
entering potential strong support ........but still waiting for a good time to load bullish bullet.
i did a few mins ago... direct above weekly S2
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD.PNG Size: 32 KB
just do it
  • #6,809
  • Jul 17, 2014 7:29pm Jul 17, 2014 7:29pm
Quoting nafham
{quote} Just checked again the graph and now my equity is down to $2500. And yes, I will close my account with big loss but that's ok. Last week I made a profit over $3000 and this week another $2500. This if I close my position with -$5000, I just back to where I start before. Not win neither loss. I will wait for next couple hours to see if the graph goin up a bit just so I could close with -$4000 or less. Then next week, I will pump again the won profit that I withdraw $3000 last week into this account and start doing some recovery again. Think...
start doing some recovery???? or going away forever??? some weeks just don't present a decent entry for any trader. Try skipping those weeks. Only trade when the setup has you convinced - not because of some arbitrary schedule and desire to make up for losses. Relax; wait for the opportunity; then cash in.
  • #6,810
  • Edited 8:01pm Jul 17, 2014 7:44pm | Edited 8:01pm
Quoting iNZane
{quote} start doing some recovery???? or going away forever??? some weeks just don't present a decent entry for any trader. Try skipping those weeks. Only trade when the setup has you convinced - not because of some arbitrary schedule and desire to make up for losses. Relax; wait for the opportunity; then cash in.
yup. like I said, we all not always be lucky here.

I will close my open position with big lost but I'll wait until I get the minimal loses.
  • #6,811
  • Jul 17, 2014 8:39pm Jul 17, 2014 8:39pm
Quoting nafham
{quote} yup. like I said, we all not always be lucky here. I will close my open position with big lost but I'll wait until I get the minimal loses.

what happens you never receive your minimum loss and it keeps falling from here
  • #6,812
  • Jul 17, 2014 9:25pm Jul 17, 2014 9:25pm
NU on sale tonight! 200 pips off! Nice buy opportunity still in line with bull trend here.
All posts are my personal opinion
  • #6,813
  • Jul 17, 2014 9:31pm Jul 17, 2014 9:31pm
Quoting Rtm
NU on sale tonight! 200 pips off! Nice buy opportunity still in line with bull trend here.
i hope you're right. i want another sort entry at 88xx.
  • #6,814
  • Jul 17, 2014 9:33pm Jul 17, 2014 9:33pm
Notice the blue line and the blue boxes on the weekly.

(ignore the red lines, they are different time frame)
Attached Image (click to enlarge)
Click to Enlarge Name: nzdusd-w1-oanda-division1.png Size: 61 KB
  • #6,815
  • Jul 17, 2014 9:34pm Jul 17, 2014 9:34pm
Quoting Rtm
NU on sale tonight! 200 pips off! Nice buy opportunity still in line with bull trend here.
Gidday RTM

Yes in that trade also

to 0.884
  • #6,816
  • Jul 17, 2014 9:42pm Jul 17, 2014 9:42pm
Collapse of this country is very difficult. It is a very small country and well regulated due to the size of the population. It is very similar in sense to Singapore. When government takes action it can be done in a rather quicker way than opposed to USA or Europe. My thought is...Dead cat bounce back up today...Then people building massive positions for either before the speech.
  • #6,817
  • Jul 17, 2014 9:48pm Jul 17, 2014 9:48pm
Quoting Matts Micro
{quote} Just watching the NU that is doesn't make a weekly double top, though is unlikely imo. EN is in a falling wedge and could be due for a correction but wouldn't be surprised if a further break lower comes.
Should of traded this, were low R:R trades. Imo the pullback/reversal may continue but the other NU formation maybe a weekly "handle" like formation from cup&handle PA.
As the lights go by so too do the shadows move
  • #6,818
  • Jul 17, 2014 9:52pm Jul 17, 2014 9:52pm
Coming in massively on the NZD. The chart for now says its a bear sentiment with lots of correction coming. But psychologically and view of the Kiwi.....They are hungry for yield yield yield....when is there going to be an action on the way from USA. I am bear long but this short one I think it will me a melt up and take a lot of the shorts down. Currently this is heavily shorted, and with the liquidity of Kiwi being mild, we can see a huge squeeze beyond the 88.41 before the meeting. Good luck
  • #6,819
  • Jul 17, 2014 9:55pm Jul 17, 2014 9:55pm
Quoting cobracoder
{quote} what happens you never receive your minimum loss and it keeps falling from here
nah, you could say anything but your words never bought my believing in myself.

When you said this before, I was at -$5500 and right now the graph going up make my profit at -$4300. I could close this position right now with this loss and think its better than losing -$5500 right?

Always stay positive and believe with our own skills and perceptions.
  • #6,820
  • Jul 17, 2014 9:57pm Jul 17, 2014 9:57pm
Quoting nafham
{quote} nah, you could say anything but your words never bought my believing in myself. When you said this before, I was at -$5500 and right now the graph going up make my profit at -$4300. I could close this position right now with this loss and think its better than losing -$5500 right? Always stay positive and believe with our own skills and perceptions.
Very nice! Not about the money as much as it is your mindset and you seem to have that in a good place. Nice job!
All posts are my personal opinion
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