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NZD/USD

  • #8,481
  • Dec 18, 2014 12:46am Dec 18, 2014 12:46am
Quoting edge540
{quote} Blah,blah,blah,blah,blah.....you sound like the typical FX BS artist,who do you work for and when do you go commercial and start selling your crappy commentary?
Rude. Let the guy have his opinion. Some people appreciate the views that other traders have on which way the market is going to go,
  • #8,482
  • Dec 18, 2014 3:10am Dec 18, 2014 3:10am
Quoting edge540
{quote} Blah,blah,blah,blah,blah.....you sound like the typical FX BS artist,who do you work for and when do you go commercial and start selling your crappy commentary?
Funny. I was never employed by any company. And really, if my commentary is so crappy, you can simply ignore me. I never even meant them towards you specifically, so in terms of verbal linguistics, you have nothing on me. You just butted in from nowhere to criticize me based on assumptions that have no basis at all; did I ever say I was a commercial trader, or have any intentions of doing so?

And if predicting the currency outcome is considered "commercial", then you might as well ban the vast majority of people in Forex Factory, since that's all we do, commercial or not. We speculate on the prices, using whatever tools we have: chart patterns, automated traders, or even just pure guesswork.

I don't even think my predictions will necessarily be right; I share them with the community here in hopes of receiving feedback, and bettering my own trading system. I'm not the only one who does it; there are still plenty of traders here who know more than me. But above all, I'd like to think that I'm far more productive to the Forex Factory community than you, who seems to have lurked on the website for half a decade but made few contributing posts. Honestly, do you have that much free time to waste?

Actually, don't respond. I get the feeling you're just trying to troll me at this rate.

Into the ignore list you go.
  • #8,483
  • Dec 18, 2014 8:17am Dec 18, 2014 8:17am
Positions closed just prior to US unemployment claims. Took profit at 0.7745. Unemployment claim turned out slightly bullish, so I'm staying flat for the most part.

The data might drag the kiwi back to 0.7680 levels, but I don't want to risk it. Currently looking for a breach of that area to short down to 0.76
  • #8,484
  • Dec 18, 2014 10:07am Dec 18, 2014 10:07am
Quoting Vermillion
Positions closed just prior to US unemployment claims. Took profit at 0.7745. Unemployment claim turned out slightly bullish, so I'm staying flat for the most part. The data might drag the kiwi back to 0.7680 levels, but I don't want to risk it. Currently looking for a breach of that area to short down to 0.76
Since it currently touched .7761, i closed for a quick 20pip gain @.7731..

Waiting for my sto. to show a opportunity for a quick 20pip short.
  • #8,485
  • Dec 19, 2014 3:45am Dec 19, 2014 3:45am
Could someone with a REAL ECN broker (this excludes FXCM, Forex.com, Gain, Oanda, Alpari, and others) be so kind as to post a 1 minute chart for the last 120-180 minutes or so of data? A screenshot would be very much appreciated. I am trying to verify my broker's data feed.

If you post a screenshot, please mention who your broker is. Thank you in advance.
Please check out my blog at https://from-zero-to-hero . net
  • #8,486
  • Dec 19, 2014 3:50am Dec 19, 2014 3:50am
Here is NZDUSD 1MIN from MB Trading
Attached Image (click to enlarge)
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  • #8,487
  • Dec 19, 2014 3:54am Dec 19, 2014 3:54am
Broker is listed on chart...
Attached Image (click to enlarge)
Click to Enlarge Name: Capture.JPG Size: 77 KB
  • #8,488
  • Dec 19, 2014 3:57am Dec 19, 2014 3:57am
Thank you guys
Please check out my blog at https://from-zero-to-hero . net
  • #8,489
  • Dec 19, 2014 4:02am Dec 19, 2014 4:02am
I am in the process of verifying, or not verifying, the data, but...

What I am really wondering is -- when are the buyers going to step in?! It should be awfully soon...

It SHOULD BE going parabolic to 0.80000. I think they are trying to suppress the price, still.
Please check out my blog at https://from-zero-to-hero . net
  • #8,490
  • Dec 19, 2014 5:07am Dec 19, 2014 5:07am
We broke out of the descending triangle formed since December 16. I think we're trying to retest the trendline, so I expected to get a long in at around 0.7730/40.

I lost profit on closing my previous long (target 0.7795, TP: 0.7745), but I didn't expect the triangle formation to be broken so quickly. Oh well. Make do with the situation, and grab as many pips as you can.

Currently in the process of rebuilding my account (I lost a hefty sum on the volatility of the GBP/JPY), so I couldn't take the usual risks.
  • #8,491
  • Dec 19, 2014 5:20am Dec 19, 2014 5:20am
Quoting Vermillion
We broke out of the descending triangle formed since December 16. I think we're trying to retest the trendline, so I expected to get a long in at around 0.7730/40. I lost profit on closing my previous long (target 0.7795, TP: 0.7745), but I didn't expect the triangle formation to be broken so quickly. Oh well. Make do with the situation, and grab as many pips as you can. Currently in the process of rebuilding my account (I lost a hefty sum on the volatility of the GBP/JPY), so I couldn't take the usual risks.
Looks to me like it's finally bottomed at 0.776. About frickin time.
Please check out my blog at https://from-zero-to-hero . net
  • #8,492
  • Dec 19, 2014 5:38am Dec 19, 2014 5:38am
Quoting smash1820
{quote} Looks to me like it's finally bottomed at 0.776. About frickin time.
Possibly. I might adjust my limit order. I'm definitely looking at two numbers right now: 0.7800 and 0.8000
  • #8,493
  • Dec 19, 2014 5:40am Dec 19, 2014 5:40am
Kiwi is a short bias including central Bank bias along with AUD central Bank bias to the downside - you should be looking for low risk trades in the holiday liqudity. You should looking to sell on a rally.
Attached Image (click to enlarge)
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  • #8,494
  • Dec 19, 2014 5:46am Dec 19, 2014 5:46am
Quoting adamcox
Kiwi is a short bias including central Bank bias along with AUD central Bank bias to the downside - you should be looking for low risk trades in the holiday liqudity. You should looking to sell on a rally. {image}
Why not sell AND buy on the predictable rallies? Not saying you should just buy every movement up, but, retesting 0.7820/30 is likely, and if you see a bullish momentum, it'd be worth to long. The market rarely just goes straight down.

The thing about the kiwi bearish bias is that while we're going down, there are former supports and resistances in which it simply bounces back up to the trendline. I'd prefer to hold an initial short for a few weeks while buying & selling others to increase intraday profit.
  • #8,495
  • Dec 19, 2014 6:08am Dec 19, 2014 6:08am
You trade as you please, but I trade with both risk and bias in mind. The current situation with RBL, OIl EUR being bid as a consequence, the EURCHF 1.20 being gunned for, all add up to potential off-risk - which puts kiwi only in one direction. The world is not risk neutral, so trade in the direction of the risk, central bank bias and market bias.
  • #8,496
  • Dec 21, 2014 6:05am Dec 21, 2014 6:05am
Look at this! I'm going to open short position with low risk (sl 50 pips)! What do you think that orders?
Attached Image(s) (click to enlarge)
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  • #8,497
  • Dec 23, 2014 12:09am Dec 23, 2014 12:09am
Even with the reduced New-Zealand Trade Deficit, the NZDUSD couldn't sustain enough of strength as the S&P raised its forecast for 2015 US GDP and said that the Fed can raise interest rate by June 2015 and make the bench mark test 1.25% by the end of the 2015.
Attached Image (click to enlarge)
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  • #8,498
  • Dec 23, 2014 12:16am Dec 23, 2014 12:16am
Quoting Fx_Anil
Even with the reduced New-Zealand Trade Deficit, the NZDUSD couldn't sustain enough of strength as the S&P raised its forecast for 2015 US GDP and said that the Fed can raise interest rate by June 2015 and make the bench mark test 1.25% by the end of the 2015. {image}
anil ..what is your view on nuzusd next couple of days
  • #8,499
  • Dec 23, 2014 8:30am Dec 23, 2014 8:30am
triangle in a wedge.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDH1.png Size: 95 KB
  • #8,500
  • Dec 23, 2014 6:03pm Dec 23, 2014 6:03pm
Quoting longshot_nl
triangle in a wedge. {image}
i could go short on retest...
but my wavecount does not approve, i think might be a fake-out.
i am bullish.

Attached Image (click to enlarge)
Click to Enlarge Name: NZDUSDM15.png Size: 81 KB
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