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Attachments: NZD/USD
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NZD/USD

  • #8,181
  • Edited Oct 25, 2014 3:07pm Oct 24, 2014 3:11pm | Edited Oct 25, 2014 3:07pm
Final on Saturday 25OCT2014,
Attached Image

The above chart is 15 minute chart for NZD/USD.
golden lines are channel top line and channel floor line.
0.7860 is the current resistance.
0.7844 is the current support.
Orange line is the uptrend line.
Blue line is the downtrend line.

*********
Attached Image

The above chart is 4 hour chart for NZD/USD.
golden lines are the new/current channel top line and the new/current channel floor line.
violet line is the old channel floor line.
the difference between old channel floor line and new/current channel floor line is 0.0035 in value.

*********
Attached Image

The above chart is 4 hour chart for NZD/USD.
golden lines are the new/current channel top line and the new/current channel floor line.
Yellow circles are marked as reference.
  • #8,182
  • Oct 24, 2014 6:19pm Oct 24, 2014 6:19pm
Quoting used
Taking profit at 78647
Got my profit and now don't care how LOW it goes
  • #8,183
  • Edited Oct 26, 2014 4:35am Oct 25, 2014 3:44pm | Edited Oct 26, 2014 4:35am
Quoting used
{quote} Got my profit and now don't care how LOW it goes


*********
Attached Image

The above chart is 4 hour chart for NZD/USD.
golden lines are the channel top line and the channel floor line.
With the situation of the yellow circles and light blue line (the 1st peak on the light blue line after the situation), for the similarity, the current situation will be the orange circle and the pink line (That means the 1st/next peak will be on the pink line for the current situation).

*********
Attached Image

The above chart is 1 hour chart for NZD/USD.
Doji signal occurred so a reversible signal will drive NZD/USD (as the Doji is green so the next candle will be red.)

*********
1. As we all saw NZD/USD started to drop from the UST10:00 24OCT2014 (New home sales affect the NZD/USD to drop).
2. News for jobless claims just looked at the less people on continuous jobless claims only and not on initial jobless claims.
3. Leading indicator matched the expected 0.8% (much more than 0.0% : the last value).
all this 3 reasons may drive NZD/USD on the start of the week (monday).

*********
News :
1. Dairy prices way below 'fair' value, must rebound, says Fonterra's Spierings
https://nz.finance.yahoo.com/news/da...030500140.html

2. New Zealand Dollar at Risk on Dovish RBNZ, Status-Quo FOMC
http://www.dailyfx.com/forex/fundame...t:weekly:title
  • #8,184
  • Oct 26, 2014 6:14pm Oct 26, 2014 6:14pm
Sorry, I am wrong on my previous post about old and new/current channel floor lines.
Update for it,
Attached Image

The above chart is 4 hour chart for NZD/USD.
Yellow circles are marked as reference.
golden line is the current channel floor line.
dark blue line is the old channel floor line.
  • #8,185
  • Oct 26, 2014 6:46pm Oct 26, 2014 6:46pm
My idea for the next couple of days.

Will try to enter after C around 0.79.

Minimum target .7680 area.

See how we go.
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1.png Size: 57 KB
  • #8,186
  • Oct 26, 2014 7:12pm Oct 26, 2014 7:12pm
i went long this pair at 0.7845, t/p 0.7971, s/l open for now
  • #8,187
  • Edited 9:07pm Oct 27, 2014 2:33pm | Edited 9:07pm
Attached Image

The above chart is 2 hour chart for NZD/USD.
In this staircase, each step got 7 candles.

*********
(HKT6:36 28OCT2014)
Attached Image

The above chart is 4 hour chart for NZD/USD.
Orange circles as reference.
If data trend follows the blue line, it will reach the cross-point (yellow circle) with the pink line the resistance 0.7977 as a peak in the near future.

*********
(HKT10:05 28OCT2014)
Attached Image

The above chart is 3 minute chart for NZD/USD.
  • #8,188
  • Oct 27, 2014 6:50pm Oct 27, 2014 6:50pm
i am pissed with tjis pair, open shor after the bad trade balance data, confirming with ema but it went up since last friday...
  • #8,189
  • Oct 27, 2014 7:11pm Oct 27, 2014 7:11pm
1 hour chart
Attached Image (click to enlarge)
Click to Enlarge Name: ghg.jpg Size: 32 KB
FF journal: Peaks and Troffs
  • #8,190
  • Oct 27, 2014 7:16pm Oct 27, 2014 7:16pm
Quoting bluetoss
i am pissed with tjis pair, open shor after the bad trade balance data, confirming with ema but it went up since last friday...
Cant win em all
All posts are my personal opinion
  • #8,191
  • Oct 27, 2014 7:18pm Oct 27, 2014 7:18pm
Quoting bluetoss
i am pissed with tjis pair, open shor after the bad trade balance data, confirming with ema but it went up since last friday...


the best indicator to follow is price - all others will only confirm.......price first.....everything else second.

cheers.

Faller
I don't trust any move - when you have profit...take it.
  • #8,192
  • Oct 27, 2014 7:28pm Oct 27, 2014 7:28pm
Quoting bluetoss
i am pissed with tjis pair, open shor after the bad trade balance data, confirming with ema but it went up since last friday...
Let's see if resistance at 0.791/0.7915 works
  • #8,193
  • Oct 27, 2014 7:30pm Oct 27, 2014 7:30pm
NZ data doesn't look good at all at a whole, i doubt it will go up further.

Quoting Rtm
{quote} Cant win em all
  • #8,194
  • Oct 27, 2014 7:31pm Oct 27, 2014 7:31pm
care to advise so that i can learn, what you mean price?

Quoting Faller
{quote} the best indicator to follow is price - all others will only confirm.......price first.....everything else second. cheers. Faller
  • #8,195
  • Oct 27, 2014 7:32pm Oct 27, 2014 7:32pm
pple were selling after it reach 0.7902 last night..

Quoting Karpa
{quote} Let's see if resistance at 0.791/0.7915 works
  • #8,196
  • Oct 27, 2014 7:33pm Oct 27, 2014 7:33pm
Quoting bluetoss
NZ data doesn't look good at all at a whole, i doubt it will go up further. {quote}
Been saying this since August Sept. Going to .7000
All posts are my personal opinion
  • #8,197
  • Oct 27, 2014 7:34pm Oct 27, 2014 7:34pm
Quoting bluetoss
care to advise so that i can learn, what you mean price? {quote}
hmmm lets see....best way to say it is this..

When buying a new car, what do most people do? Shop around....and look at price. They try to find the best price possible with the most options.

So as traders we must also follow price.....indicators and moving averages just show us what price is doing.

So watch price, learn price and then you can confirm with indicators.....whether it is moving averages, Macd or other....

Good Luck

Faller.
I don't trust any move - when you have profit...take it.
  • #8,198
  • Oct 27, 2014 8:39pm Oct 27, 2014 8:39pm
Quoting bluetoss
pple were selling after it reach 0.7902 last night.. {quote}
we have strong resistance and fibo 50% at 0.791/0.7915
Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSD&H1.png Size: 70 KB
  • #8,199
  • Oct 27, 2014 8:57pm Oct 27, 2014 8:57pm
thxs for the useful advice, i somehow relate this to resistance and support.

Quoting Faller
{quote} hmmm lets see....best way to say it is this.. When buying a new car, what do most people do? Shop around....and look at price. They try to find the best price possible with the most options. So as traders we must also follow price.....indicators and moving averages just show us what price is doing. So watch price, learn price and then you can confirm with indicators.....whether it is moving averages, Macd or other.... Good Luck Faller.
  • #8,200
  • Edited 9:39pm Oct 27, 2014 9:18pm | Edited 9:39pm
Do someone have some ideas on tomorrow data :
1. NBNZ Business Confidence (OCT)
2. ANZ Activity Outlook (OCT)
Or
Some AUS data or speeches will affect NZD/USD in this week

?
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