Was thinking of shorting if price comes back to that resistance area marked on the chart. Thoughts ?
- #972,562
- Mar 23, 2015 5:26pm Mar 23, 2015 5:26pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
{quote} my thoughts exactly, and its not like they crept up on usof course there are always buy and sell opportunities, but sometimes pays to look at the bigger picture, I thought last months candle could hav been the one, with an inverted hammer above the previous lows, man did that turn to shitty, this months closed candle may prove pivotal, I need another 1000 - 2000 pips higher for May
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- #972,563
- Mar 23, 2015 5:32pm Mar 23, 2015 5:32pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
{quote} whats your rba thoughts tonight?
what drives nzd and aud is yuan and yen, todays yuan data may give a clue albeit one of the most data manipulated around, I have monthly au 7926 and kiwi has already pushed through her 7606 a bit like they are attached by rubber band, one pushes away then twank the other snaps to and vice versa, sometime Im thinking its better (safer) to watch (sideline) the push or pull and try and catch the twang
kiwis next marker is 7915 quite a chunk of pips and if aussie can break 7926 her next marker is 8320 also a chunk of pips
to get any sort of movement to achieve these will require something major or a sync either USD collapse or yuan and or yen pump our piss ant data in the world of forex means very little
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- #972,565
- Mar 23, 2015 5:41pm Mar 23, 2015 5:41pm
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- #972,566
- Mar 23, 2015 5:41pm Mar 23, 2015 5:41pm
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{quote} up till last month we had 7, with closes below the previous wick low. the first time that has happened, as far as i see. last month, #8 was the first not to close below previous wick low
man we been here too long anyway a decent bounce from around here will be good for bears, say to 2131
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- #972,567
- Mar 23, 2015 5:45pm Mar 23, 2015 5:45pm
- Joined Oct 2008 | Status: sideline is a position | 105,127 Posts
{quote} virtually all banks in NZ are aussie owned, so anything to do with aud will be seen in nzd 1st, (we take the hit like puppets
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- #972,568
- Mar 23, 2015 6:00pm Mar 23, 2015 6:00pm
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- #972,569
- Mar 23, 2015 6:01pm Mar 23, 2015 6:01pm
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{quote} I sort of agree but I was reading on CNBC, after some news hit today p/a was supposed to be at $1.13 by the end of the month, maybe that's just an optimistic guess, but I feel the same way. There's been an uptrend for a few days now.
need to be looking everywhere on charts for clues, not just eu, not even euro or usd prs or us or euro currencies, look everywhere
this is swissy daily, she is at important phase, if she breaks south get rid of your eu shorts quick as you can if you can
for those who been around and understand the term "fade" will appreciate the importance, "all" interventions have been faded, boj snb all, so understand "fade" cn make a pip and save a pip
this chart is reverse intervention, eg snb intervened and then put in floor, because it was being faded, boj fades are crystal clear, this one is different sort of, snb were called out and got bitch slapped by market, (not just usd) but by market, and so far now market has almost faded that bitch slapping,
if this thing breaks south it wont be pretty, and accordingly usd prs will rally because usd will be taking a hit,
if this dosnt happen good at least you wont be caught with your pants down
market moving dose not kill accounts of us minions, it big moves that does
i am going to the beach because I have no nerves left for these situations
bbl
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- #972,570
- Mar 23, 2015 6:04pm Mar 23, 2015 6:04pm
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- #972,572
- Mar 23, 2015 6:26pm Mar 23, 2015 6:26pm
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I wouldn't recommend necessarily going long to 1.175 area against the trend. But if we happen to get there and retest the weekly breakout, and monthly resistance, it would be worth a nice short {image} {image}
The thing is the charts hourly 1&4 are showing her bouncing, fomc spike may or may not be faded, chances are she will therefore as we are approach the spike high, it not a buy zone, more of a sell zone but if you go to monthly weekly or even daily the spike is nothing on the charts,
so right now, will wait to see if china has any surprise in 135mins, enough time for quick trip to beach
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- #972,573
- Mar 23, 2015 6:33pm Mar 23, 2015 6:33pm
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- #972,574
- Mar 23, 2015 6:39pm Mar 23, 2015 6:39pm
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- #972,575
- Mar 23, 2015 6:47pm Mar 23, 2015 6:47pm
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{quote} hey bro dont get me wrong Im not saying it will go up more specifically from here, I attacked 0666 and quite happy to wait for now, The thing is the charts hourly 1&4 are showing her bouncing, fomc spike may or may not be faded, chances are she will therefore as we are approach the spike high, it not a buy zone, more of a sell zone but if you go to monthly weekly or even daily the spike is nothing on the charts, so right now, will wait to see if china has any surprise in 135mins, enough time for quick trip to beach
A closed breach above the upper area would negate the downtrend I think.
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- #972,576
- Mar 23, 2015 6:59pm Mar 23, 2015 6:59pm
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- #972,577
- Mar 23, 2015 6:59pm Mar 23, 2015 6:59pm
- | Joined Oct 2008 | Status: Crocodile Trader | 1,127 Posts
Read the entire market, money is made on the main trend not the fluctuation
- #972,578
- Mar 23, 2015 7:08pm Mar 23, 2015 7:08pm
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- #972,580
- Mar 23, 2015 7:34pm Mar 23, 2015 7:34pm
- Joined Oct 2010 | Status: Trader | 21,478 Posts
Intraday only.