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GBPNZD trading calls

  • #441
  • Sep 24, 2014 9:49pm Sep 24, 2014 9:49pm
Short @ 2.0370, lets see..
lots of movement..
  • #442
  • Sep 24, 2014 9:50pm Sep 24, 2014 9:50pm
Quoting 2012mysterio
Short @ 2.0370, lets see.. lots of movement..
TP?
  • #443
  • Sep 24, 2014 9:56pm Sep 24, 2014 9:56pm
Quoting chiyuy
{quote} TP?
First scaled in position- Open TP, will move stop to BE+ and see how far we go..
1.9990 in sight as a target in any case..
  • #444
  • Sep 24, 2014 10:23pm Sep 24, 2014 10:23pm
Quoting 2012mysterio
{quote} First scaled in position- Open TP, will move stop to BE+ and see how far we go.. 1.9990 in sight as a target in any case..
hope 0.800 support for nzd/usd would hold for a while. otherwise nzd in plummet mode.
  • #445
  • Sep 24, 2014 10:38pm Sep 24, 2014 10:38pm
Quoting chiyuy
{quote} hope 0.800 support for nzd/usd would hold for a while. otherwise nzd in plummet mode.

Yes I see that, I may just let myself get stopped here, instead.. and enter first position higher. This could technically get hundreds of pips higher. (Don't want big drawdown out of control).

We'll see, I'll let the market take me out. (if it will)..
  • #446
  • Sep 25, 2014 9:09am Sep 25, 2014 9:09am
Quoting 2012mysterio
{quote} Yes I see that, I may just let myself get stopped here, instead.. and enter first position higher. This could technically get hundreds of pips higher. (Don't want big drawdown out of control). We'll see, I'll let the market take me out. (if it will)..
how's going now? i strongly feel that we'll reach 2.1000 pretty soon.
  • #447
  • Sep 25, 2014 10:40am Sep 25, 2014 10:40am
GBP/USD should move further down..
NZD/USD should move further down..

GBP/NZD => weak NZD
  • #448
  • Sep 25, 2014 3:27pm Sep 25, 2014 3:27pm
Gidday Traders

Wow

NZ blitzed the charts

Its smoking hot
  • #449
  • Sep 25, 2014 3:45pm Sep 25, 2014 3:45pm
Hello NZ

Anybody

Any ideas on GBP/NZ

Following it up tried shorting

Opened up longs to higher levels etc
  • #450
  • Sep 25, 2014 3:54pm Sep 25, 2014 3:54pm
Quoting eliteincome
Hello NZ Anybody Any ideas on GBP/NZ Following it up tried shorting Opened up longs to higher levels etc
GBPNZD shoots up 300+ pips today! Just waiting for confirmation to short this with tp 1.90
Money never sleeps I can hear the dollar calling me
  • #451
  • Sep 25, 2014 4:40pm Sep 25, 2014 4:40pm
so much for a 2.330 short today. lol glad i had a small scale in
  • #452
  • Sep 25, 2014 5:17pm Sep 25, 2014 5:17pm
I have a small short position at 2.04473 which I intend to use as a bookmark of sorts for a carry trade (great positive swap on the short side).

However, I don't think that the Kiwi decline is necessarily over. It's awfully hard to tell where the top of this when you have to zoom out to the weekly to tell, but there is a Double Top at 2.1000 even that is an area of interest:

Attached Image (click to enlarge)
Click to Enlarge Name: GBP:NZD Double Top.jpg Size: 185 KB
Fireworks are fun ... as long as you don't blow your fingers off.
  • #453
  • Sep 25, 2014 9:02pm Sep 25, 2014 9:02pm
RBA / RBNZ
wants cheap NZ,
so they are doing what ever it takes to make their money cheaper..

technically it should go down below 2.00 at least
but every week there is an occasion which prevents that.

last week FOMC minutes,
this week RBNZ speech...

for GBP/NZD using SL doesn't mean much as slippage is considered normal,
my 3 SLs for 3 different shorts slipped past SL yesterday...

so hold small lots,
don't add more before (for example I add to my lot size whenever price changes for delta0.05)
  • #454
  • Sep 25, 2014 9:46pm Sep 25, 2014 9:46pm
On 4H chart, there are 3 tops @2.0590 as Resistance-1. At the moment, the 4th candle is hovering there.
Let's see if this can hold or break...ain't we all hoping to short this beast and bring to 2.000?
Keep calm and go GREEN...
  • #455
  • Sep 25, 2014 9:56pm Sep 25, 2014 9:56pm
Quoting nofirumi
On 4H chart, there are 3 tops @2.0590 as Resistance-1. At the moment, the 4th candle is hovering there. Let's see if this can hold or break...ain't we all hoping to short this beast and bring to 2.000?
I see that 4H, awaiting to jump on shorts, but this looks like it can move alot higher from here. The roof is open to shoot another 500 pips north easily.. IMO.. just the strong trend since 5th sept..

If I short before it breaks either way at 2.0586 (current price), i'll run a tight SL just above.
Many times i martingale and scale in, but i use stop losses, and don't risk 50% account..so no need for big wide stops up here right now anyway..

friday tomorrow.. hmm..
  • #456
  • Sep 25, 2014 10:00pm Sep 25, 2014 10:00pm
Quoting 2012mysterio
{quote} I see that 4H, awaiting to jump on shorts, but this looks like it can move alot higher from here. The roof is open to shoot another 500 pips north easily.. IMO.. just the strong trend since 5th sept.. If I short before it breaks either way at 2.0586 (current price), i'll run a tight SL just above. Many times i martingale and scale in, but i use stop losses, and don't risk 50% account..so no need for big wide stops up here right now anyway.. friday tomorrow.. hmm..
True, all indicators are still green...
It's already Friday here
I wonder where are the big sellers?
Keep calm and go GREEN...
  • #457
  • Sep 25, 2014 10:24pm Sep 25, 2014 10:24pm
Attachment from "Fibonacci Insights" thread, first post. Recommend this thread.

I use the attached text on my Fibonacci tool and today it worked perfectly to trigger a limit order (for now) - it marked the level nearly to the pip, labeled "Reversal Rejection" on the weekly, daily, and 4 hr where the lines are easier to see. That was 12+ hours ago - I just got home. Of course it depends where you place it. I would try to explain from where I pulled it - but experimenting might be useful and your chart will look different from mine.
Attached File(s)
File Type: txt MT4 Fib Tool Code Settings v. LIGHT.txt   1 KB | 228 downloads
  • #458
  • Sep 25, 2014 11:34pm Sep 25, 2014 11:34pm
Quoting ZebraSquirl
I have a small short position at 2.04473 which I intend to use as a bookmark of sorts for a carry trade (great positive swap on the short side). However, I don't think that the Kiwi decline is necessarily over. It's awfully hard to tell where the top of this when you have to zoom out to the weekly to tell, but there is a Double Top at 2.1000 even that is an area of interest: {image}
Hi Zebra, es, 2.1000 is an interesting number, i suspect being eyed by the big money movers as well..
If/when we get there, there may be a lot of selling pressure, then it should explode..might blast north first
though and take out all the small stops, before the drain plug gets pulled.. but we'll have to see,

all probabilities here..
fun to trade this pair though hey guys?
  • #459
  • Sep 25, 2014 11:37pm Sep 25, 2014 11:37pm
Quoting nofirumi
{quote} True, all indicators are still green... It's already Friday here I wonder where are the big sellers?
Hi Nofirumi, nice avatar..

Yes, big sellers where are you? we are all awaiting patiently.
Just a matter of time- like everything else..
  • #460
  • Sep 25, 2014 11:38pm Sep 25, 2014 11:38pm
Hello Traders

Still carrying some shorts

Man went up heaps

New ball game now

See some posting 2.1 to 2,5

Next few months any ideas
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