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NZD/USD

  • #6,961
  • Jul 24, 2014 12:29am Jul 24, 2014 12:29am
Shorted AUDNZD @ 1.1008. Please don't let me down lol.
  • #6,962
  • Jul 24, 2014 12:32am Jul 24, 2014 12:32am
Quoting iqyu5an
potential bottom range but still waiting for a good time ...too many breakdown follower at the moment....

Hi, iqyu5n, you think it will going to .8740? Like the chart you showing before..?
  • #6,963
  • Jul 24, 2014 12:32am Jul 24, 2014 12:32am
Quoting champoooy
Shorted AUDNZD @ 1.1008. Please don't let me down lol.

probably good for a scalp, wouldn't get too attached to that one as it's likely to break the highs and head to 1.1175 in coming days
  • #6,964
  • Jul 24, 2014 12:33am Jul 24, 2014 12:33am
Quoting SammyD
{quote} Still assuming the dollar stays level that's only 3.5% return - once you knock off inflation (say a modest 2% - unless you live in the eurozone) that leaves you with 1.5% which isn't much of a profit. If you then take into account the possibility of the NZD dropping then you're basically treading water or going backwards. Pension funds in NZ have been returning 10 - 20% over the past three years and wall street has been doing quite well post GFC as well. Then there's property and emerging markets... Even if you drop it in USD at 0% the USD...
2% inflation. they are barely reaching the unemplyment target. anyways no more discussion. lets see what is in store for us when europe opens. if I am not wrong aussie, kiwi and cad go up. euro comes down
  • #6,965
  • Jul 24, 2014 12:37am Jul 24, 2014 12:37am
Quoting giveachance
{quote} 2% inflation. they are barely reaching the unemplyment target. anyways no more discussion. lets see what is in store for us when europe opens. if I am not wrong aussie, kiwi and cad go up. euro comes down
Can't imagine you make money trading
  • #6,966
  • Jul 24, 2014 12:42am Jul 24, 2014 12:42am
Quoting Ck87
{quote} Can't imagine you make money trading
I don't need to tell you what I make and what not. idiots like you come and go everyday.
  • #6,967
  • Jul 24, 2014 12:46am Jul 24, 2014 12:46am
Quoting giveachance
{quote} I don't need to tell you what I make and what not. idiots like you come and go everyday.
ok ego boy
  • #6,968
  • Jul 24, 2014 1:01am Jul 24, 2014 1:01am
Quoting iqyu5an
potential bottom range but still waiting for a good time ...too many breakdown follower at the moment....

Morning iqyu5an, I also want to go long but around .085400, what do you think ?


Cheers and green pips,
VladG
  • #6,969
  • Jul 24, 2014 1:05am Jul 24, 2014 1:05am
Time for kiwi to face reality I guess

Inserted Video
Come with me if you want to live....
  • #6,970
  • Jul 24, 2014 1:24am Jul 24, 2014 1:24am
Gidday NZ traders

Well another day over

Been out talking people into

buying loads off crap that they really don't need.

Still somebody has do it

Had to laugh this morning

Plenty off traders would be having trouble

standing up straight today
Attached Image
  • #6,971
  • Jul 24, 2014 1:24am Jul 24, 2014 1:24am
what is the biggest drop one saw in currency?
  • #6,972
  • Jul 24, 2014 1:27am Jul 24, 2014 1:27am
Quoting Ck87
{quote} probably good for a scalp, wouldn't get too attached to that one as it's likely to break the highs and head to 1.1175 in coming days

You're right. But I'm still wonderring when the NZ hikes and AU cuts
  • #6,973
  • Jul 24, 2014 1:27am Jul 24, 2014 1:27am
im going long - would like to steal ca.30-45 pips (hedge) run towards 0.8615-34 is normal before lower levels.
Early to bed, early to rise, keeps you healthy, wealthy and wise.
  • #6,974
  • Jul 24, 2014 1:30am Jul 24, 2014 1:30am
People who have short positions still open. What is a good key point your looking for in exit?
  • #6,975
  • Jul 24, 2014 1:38am Jul 24, 2014 1:38am
Quoting kingleeny
People who have short positions still open. What is a good key point your looking for in exit?
I never doubt myself if I exit a position in a lot of profit.
Profit is profit! That is a good problem to have my man!

I look at simple trends. If I'm short and I've gained 50+ pips and it is retracing I exit immediately. If it is still going down I can re-enter my short once it spikes a little. If I'm long and I sense a downtrend emerging I exit unless there's prior resistance at a number that I feel it could bounce off and go back up.

it's all situational and based on prior trading experience. IT's one of those things that takes time and trading mistakes too learn. That's how I've learned when to exit
  • #6,976
  • Jul 24, 2014 1:39am Jul 24, 2014 1:39am
Quoting kingleeny
People who have short positions still open. What is a good key point your looking for in exit?
I think we are approaching it today.

A retrace to 8650 looks on the cards though before more follow through
Attached Image(s) (click to enlarge)
Click to Enlarge Name: NZDUSDDaily.png Size: 33 KB
Click to Enlarge Name: NZDUSDWeekly.png Size: 37 KB
Come with me if you want to live....
  • #6,977
  • Jul 24, 2014 1:43am Jul 24, 2014 1:43am
Quoting MisterSpread
{quote} Morning iqyu5an, I also want to go long but around .085400, what do you think ? Cheers and green pips, VladG
better looking for rejection first , at least to confirm "bottom" to measure the risk

imho ...

green pips for you too
not euphoria follower
  • #6,978
  • Jul 24, 2014 1:44am Jul 24, 2014 1:44am
your reward planning of course


Quoting kingleeny
People who have short positions still open. What is a good key point your looking for in exit?
not euphoria follower
  • #6,979
  • Jul 24, 2014 1:55am Jul 24, 2014 1:55am
Quoting kingleeny
People who have short positions still open. What is a good key point your looking for in exit?
Price action from whatever higher TF chart you use if you're in the direction of the same TF trend.
If countertrend, usually lower TF PA.
  • #6,980
  • Jul 24, 2014 2:11am Jul 24, 2014 2:11am
http://www.efxnews.com/story/25355/n...p-it-down-bnpp
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