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GBPNZD trading calls

  • #841
  • Mar 11, 2015 3:40am Mar 11, 2015 3:40am
Quoting 2012mysterio
{quote} sounds like a good idea.. if/when we make it up there.. might be soon at this rate.. I can see a big drop from here though.. hmmm..
@2740... Sooner or later a top/big drop comes... very wild pair for now.... with upside bias apparently
  • #842
  • Mar 11, 2015 3:50am Mar 11, 2015 3:50am
Express train to the basement please.. drop it like its hot ..
  • #843
  • Edited 4:20am Mar 11, 2015 3:55am | Edited 4:20am
Quoting 2012mysterio
{quote} sounds like a good idea.. if/when we make it up there.. might be soon at this rate.. I can see a big drop from here though.. hmmm..
Not sure it's ready for that yet.. hope so though. Every time it snap back rallies..
Yep looks like it's bouncing up, yet again, such a surprise.. So many waiting for 2.1...... not sure the market will be that nice to them.... let's hope this lady's got legs.
GBP manufacturing in 10 min were at 2.0733x..... will be key .
  • #844
  • Mar 11, 2015 4:34am Mar 11, 2015 4:34am
Nice to see this heavy resistance at the 2.0800 levels..
  • #845
  • Mar 11, 2015 4:36am Mar 11, 2015 4:36am
I realize GN is a wild moving pair, and I haven't traded it as much as other majors, but would be nice to get this thread going like the EU thread, etc..
lots and lots of pips moves every day..

c/mon traders post, POST..
  • #846
  • Mar 11, 2015 4:43am Mar 11, 2015 4:43am
Quoting 2012mysterio
I realize GN is a wild moving pair, and I haven't traded it as much as other majors, but would be nice to get this thread going like the EU thread, etc.. lots and lots of pips moves every day.. c/mon traders post, POST..
I don't have much experience with the crosses like I do the majors..... but it does seem like GBP bears may take over soon.... this is a bounce or die area pretty much. Based on how it's been trading lately... maybe bounce, then die? Unfortunately looking like bounce again.... I lightened up a bit on my shorts, but still have a strong position... would have done way better on this pair in recent days if I was strictly intraday on it...
  • #847
  • Mar 11, 2015 4:57am Mar 11, 2015 4:57am
If this goes to new highs again on this bounce I'm going to pull my hair out...haha . Knew I should have lightened up more on shorts. Way to play this is intraday for now to short side, it's just to insane how they keep bidding it up to new highs on the current run
  • #848
  • Mar 11, 2015 5:10am Mar 11, 2015 5:10am
Quoting Ck87
If this goes to new highs again on this bounce I'm going to pull my hair out...haha . Knew I should have lightened up more on shorts. Way to play this is intraday for now to short side, it's just to insane how they keep bidding it up to new highs on the current run
I think you'll be okay if you can hold and its not too big a position. just need that intraday patience.
  • #849
  • Mar 11, 2015 5:20am Mar 11, 2015 5:20am
Quoting 2012mysterio
{quote} I think you'll be okay if you can hold and its not too big a position. just need that intraday patience.
Pretty big position, but overall it's very clear that literally every single dip has been bought up and sent to new highs.. there's no way to look at that and be bearish, at least from where I'm sitting. As I've said, intraday, there has been some great short set ups, but as long as we keep making new highs on every single dip, literally every single dip, you just gotta expect that to continue.
All the way back at 2.08 from 2.72 literally like an hour ago, and it bottomed right where it should have bottomed technically, so long as it's going to get sent higher and higher and higher, which it apparently is.
  • #850
  • Mar 11, 2015 5:34am Mar 11, 2015 5:34am
Quoting Ck87
{quote} Pretty big position, but overall it's very clear that literally every single dip has been bought up and sent to new highs.. there's no way to look at that and be bearish, at least from where I'm sitting. As I've said, intraday, there has been some great short set ups, but as long as we keep making new highs on every single dip, literally every single dip, you just gotta expect that to continue. All the way back at 2.08 from 2.72 literally like an hour ago, and it bottomed right where it should have bottomed technically, so long as it's going...
can you add at 2.1 - 2.2? might be risky, but high probability to make back a large chunk, when it drops..
  • #851
  • Mar 11, 2015 5:38am Mar 11, 2015 5:38am
Quoting 2012mysterio
{quote} can you add at 2.1 - 2.2? might be risky, but high probability to make back a large chunk, when it drops..
I'm done with shorting and staying short on this pair until I see lower highs , like right now we're heading to new highs ONCE AGAIN. 2.0825 now and counting, probably goes to 2.085
  • #852
  • Mar 11, 2015 5:56am Mar 11, 2015 5:56am
Quoting 2012mysterio
{quote} can you add at 2.1 - 2.2? might be risky, but high probability to make back a large chunk, when it drops..
If this can hold here, then maybe we're in business for LH LL set up and can go down further, but as long as every dip is bought up and sent to new highs I need to just play this intraday and avoid holding short positions past the intraday dips.
On a lighter note, this does seem to be an excellent intraday pair to trade. Nice 50-100 pip moves pretty quickly, looking forward to scalping it a ton in the future
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  • #853
  • Edited 7:23am Mar 11, 2015 6:46am | Edited 7:23am
Now I want to see a drop below that 2.0706 area and I have real reasons to think this could have topped out for a bigger move and can stay short with my better entries above 2.08x.... bull trends are obvious when they make HL HH over and over...... for instance right now with the euro, on higher time frame of course, LL LH LL LH over and over, super strong trend, so we've had this going on past few days with GN with HL HH HL HH etc, if this can go below 2.0706 this would be the first set up on M15 since this bigger rally that we've seen a LH LL set up and that can be the beginning. Of course even if it does happen, it can be irrelevant and can overshoot to new highs after that. But from a technical perspective, this is important and this is what I'm looking at, There's also the huge resistance level it stopped at, the overbought conditions, etc etc.

update: 2.0751.... best case scenario we see EUR/USD short covering rally EUR/GBP go up AUD/NZD go down and that should make for a big sell off on GN
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  • #854
  • Mar 11, 2015 8:07am Mar 11, 2015 8:07am
Looks like this is about to break. 1.0850 untouched so short is still the way to go, IMO. My cable trade looking pretty. About ready to lower stop and add size on that one.
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  • #855
  • Edited 9:52am Mar 11, 2015 9:41am | Edited 9:52am
Quoting Zappa
Looks like this is about to break. 1.0850 untouched so short is still the way to go, IMO. My cable trade looking pretty. About ready to lower stop and add size on that one. {image}
Nice job on cable buddy.... We still didn't make a LL yet on GN.... was 1.5 pips away... maybe later...
Still kicking myself for getting rid of my GU and EU shorts all the way up there (1.14x -1.13 + 1.54x-1.55) ... I have such a simple strategy overall with sticking with strong trends, following volume, momentum. These markets are trending so great.
A little concerned with GN not making a LL there, but momentum is looking better and we did make a LH and see some GU weakness which I guess is assuring... however there's NZD news coming and they can obliterate NZD causing another spike higher on GN. We'll see, I lightened up positions a bit but still short.
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  • #856
  • Edited 10:55am Mar 11, 2015 10:04am | Edited 10:55am
Launching higher , yet again. absolutely must see a LH here.
Update: First LH LL has been set. GU made a new low by a little bit, NU didn't make a new low... this is seen as supportive, at least by me. Hope this sexy thing moves few hundo pips to the downside in coming days ...
  • #857
  • Mar 11, 2015 11:07am Mar 11, 2015 11:07am
GBPNZD, entered short pos two hours ago at the close of the previous 4h candle.

Leverage 8:1.


http://i.imgur.com/JLyrFPq.jpg
Do not let the cost of being wrong, exceed the prize of beeing right
  • #858
  • Mar 11, 2015 11:09am Mar 11, 2015 11:09am
Quoting Decima
GBPNZD, entered short pos two hours ago at the close of the previous 4h candle. Leverage 8:1. {image}
Nice, we must not make new highs, then it can be a nice move lower....... i have some really good entries, some really bad ones, and have taken some intraday profits off the table, I'm a bit unsure, but everything I'm seeing now on D1 + H4 chart is assuring. NZD news later today will be the big kickstart lower if it's positive for NZD... clearly. or vice versa.
  • #859
  • Mar 11, 2015 12:07pm Mar 11, 2015 12:07pm
Quoting Ck87
{quote} Nice, we must not make new highs, then it can be a nice move lower....... i have some really good entries, some really bad ones, and have taken some intraday profits off the table, I'm a bit unsure, but everything I'm seeing now on D1 + H4 chart is assuring. NZD news later today will be the big kickstart lower if it's positive for NZD... clearly. or vice versa.
D1, H4 and H1 for me indicates bearish move ahead. The same with GBPAUD as well. The correlations between these two pairs are around 86%. Also fundamentals from Australia arriving tonight. The employment numbers will be released. This could be the possible "driver" for short GBPAUD move.
Do not let the cost of being wrong, exceed the prize of beeing right
  • #860
  • Mar 11, 2015 1:18pm Mar 11, 2015 1:18pm
Quoting Decima
{quote} D1, H4 and H1 for me indicates bearish move ahead. The same with GBPAUD as well. The correlations between these two pairs are around 86%. Also fundamentals from Australia arriving tonight. The employment numbers will be released. This could be the possible "driver" for short GBPAUD move.
Yep, agreed, bears have taken over H4 momentum as well, we're likely going to see 2.06 within 24h.
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