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NZD/USD

  • #7,181
  • Edited 3:51pm Aug 5, 2014 3:40pm | Edited 3:51pm
Quoting yeniful
I'm doing the same here for nzd. .8700 is in the next 1-2 months........just watch.
I see similar setup within next two months. Most likely would be immediate descend to 0,840Xs region now, then sharp turn towards 0,855X, retest of 0,847X again (in H&S manner) and then gradually zigzaging towards 0,88 barrier.
  • #7,182
  • Aug 5, 2014 3:45pm Aug 5, 2014 3:45pm
Quoting yeniful
I've been trading forex for 13 years. I am new to this forum though. Still this being said you only lose in forex if you exit a position. As long as you have enough margin you should hold onto the currency even if it goes the opposite way.....long term it will come back and make you money. I held the yen long for over a year and made almost 100k on it. I'm doing the same here for nzd. .8700 is in the next 1-2 months........just watch. it doesn't matter what happens short term. monthly and longer term charts are what you look at.
That sounds like a good idea but I was once short The Eur/Usd some time back when the price was 1.20 or 1.22 something like that.......anyway Dragi said he was going to save the Euro and price continued all the way up to 1.3900, good US news bad Euro news and nothing was stopping it for months!!!!! Had I held that trade it would have blown my account!!!! I used to trade the way you are talking and its works till one day....!
  • #7,183
  • Aug 5, 2014 4:29pm Aug 5, 2014 4:29pm
What are your expectations for the New Zealand News
Capital management
  • #7,184
  • Aug 5, 2014 5:33pm Aug 5, 2014 5:33pm
Quoting Spik
{quote} I see similar setup within next two months. Most likely would be immediate descend to 0,840Xs region now, then sharp turn towards 0,855X, retest of 0,847X again (in H&S manner) and then gradually zigzaging towards 0,88 barrier.
NZDUSD wastes no time descending to 0,840X area. The move is needed to eradicate 0,8500-0,8530 longs that stacked in previous days.
  • #7,185
  • Aug 5, 2014 5:40pm Aug 5, 2014 5:40pm
Target .8300 for august
All posts are my personal opinion
  • #7,186
  • Aug 5, 2014 5:48pm Aug 5, 2014 5:48pm
Quoting irongoose
{quote} ...I used to trade the way you are talking and its works till one day....!


Let me add to that. It works until it doesn't"

I'm not a favorite of Keynes but he once remarked and it could not be more true, "...“The market can stay irrational longer than you can stay solvent.” I've margined out more than once with that strategy. If you are a daily trader the trend is in the daily chart and position on the 15 or 30 minute charts. The trend is your friend. If your more long term then the weekly or monthly charts should be given more weight in your consideration. Over the years, I have gone more long term since I don't have to stare at the computer as often. Also, as I continue to position, the pips are paid for by my current pips. I'm finding it less stressful.
Taigen Profit This Month: na
  • #7,187
  • Aug 5, 2014 5:59pm Aug 5, 2014 5:59pm
Quoting Spik
{quote} NZDUSD wastes no time descending to 0,840X area. The move is needed to eradicate 0,8500-0,8530 longs that stacked in previous days.
Hi Spik - Have you closed off your longs, or holding on?
  • #7,188
  • Aug 5, 2014 6:03pm Aug 5, 2014 6:03pm
Quoting zen252
{quote} Hi Spik - Have you closed off your longs, or holding on?
Longs? I closed 0,850sth longs while ago with minor loss (think i posted it) and gained some with shorting. Flat now after last short. Waiting for low 0,84XXs to enter longterm longs.
  • #7,189
  • Aug 5, 2014 6:11pm Aug 5, 2014 6:11pm
waiting for signal to go long .... hope this is true

http://www.fxstreet.com/analysis/exp...ry/2014/08/05/
  • #7,190
  • Aug 5, 2014 6:14pm Aug 5, 2014 6:14pm
Quoting sethsera
waiting for signal to go long .... hope this is true http://www.fxstreet.com/analysis/exp...ry/2014/08/05/
Wow .... that's the totally opposite of what the economist are saying in NZ..... they are at the belief this could finish around the .81 by year end.

I'll try and find the article that I read.
  • #7,191
  • Aug 5, 2014 7:02pm Aug 5, 2014 7:02pm
closed! no way they going to raise the rate this month.

Quoting zen252
{quote} Hi Spik - Have you closed off your longs, or holding on?
  • #7,192
  • Aug 5, 2014 7:39pm Aug 5, 2014 7:39pm
Quoting bluetoss
closed! no way they going to raise the rate this month. {quote}
Would you tell me what the reason they rise hike the rate? Is it possible rate hike twice in no more than 2 month?
  • #7,193
  • Aug 5, 2014 7:53pm Aug 5, 2014 7:53pm
RBNZ did good job. It can be done to raise rate and slam NZD down.

I still hold my long entered at 0.8450. NZ is still one of the strongest economy entity and its interest rate still much higer than usd and aud.
  • #7,194
  • Aug 5, 2014 8:10pm Aug 5, 2014 8:10pm
I have literally just been pressing the short button all day. Feel like such a monkey, just clicking a mouse getting paid
All posts are my personal opinion
  • #7,195
  • Aug 5, 2014 8:22pm Aug 5, 2014 8:22pm
Not good for spreads adding up however this will allow me flexibility to exit the market in scaling fashion and avoid going back into a negative and paying swap. (EG scale out 1/4 on 50pip retrace+locks in some profit and reduces swap payment)
All posts are my personal opinion
  • #7,196
  • Aug 5, 2014 8:55pm Aug 5, 2014 8:55pm
Quoting zew
RBNZ did good job. It can be done to raise rate and slam NZD down. I still hold my long entered at 0.8450. NZ is still one of the strongest economy entity and its interest rate still much higer than usd and aud.
exactly!

I'm down 56 pips right now and I'm still holding on. I see this long on NZD as a 300+ pip investment over the next 2-3 months
  • #7,197
  • Aug 5, 2014 8:57pm Aug 5, 2014 8:57pm
Daily chart of NZD USD shows support @.84200.
It has been 6 months since it has been below .84200

There is a yearly rising trend on this as well.
RSI daily chart shows the lowest point all year long!

LONG LONG LONG LONG LONG LONG!
  • #7,198
  • Aug 5, 2014 9:07pm Aug 5, 2014 9:07pm
For all the sellers for this pair, hold on. dont listen to what people say. look at your charts and apply the fibonacci on monthly timeframe, and youll see that this pair is a very bearish now.... 0.767 is the target of monthly candles.... 1100 pips from 0.8834
Attached Image (click to enlarge)
Click to Enlarge Name: nzd.jpg Size: 526 KB
There is Time for Bull, and Time for Bear. and so be the Wolf.
  • #7,199
  • Aug 5, 2014 9:13pm Aug 5, 2014 9:13pm
Quoting bdsilvano
For all the sellers for this pair, hold on. dont listen to what people say. look at your charts and apply the fibonacci on monthly timeframe, and youll see that this pair is a very bearish now.... 0.767 is the target of monthly candles.... 1100 pips from 0.8834 {image}
100% AGREE!
All posts are my personal opinion
  • #7,200
  • Aug 5, 2014 9:20pm Aug 5, 2014 9:20pm
the chances nzd usd falls below .8400 area is slim.
tons of people thought aud usd was going to fall through and hit less than .90 area but it rebounded back up. PEople thought yen would rise to above 110 once it hit 100.......
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