{quote} As long as you do understand....no point for everybody to understand it i think Your system, your trades.
{quote} RBA rate tonight...we'll see what the market wants
{quote} movimg stop to 6617 (-5) time for break
{quote} How are things your way? Dont think I've asked in a week or two. Hope all is well!
{quote} RBNZ has stated multiple times that they want their currency to be around .6400-.6500. Big boys listen when these types of things are said because they don't want the central banks intervening, (see the CHF debacle). I'd be mindful of that if you're looking for a long term trade. I'm still holding the last little bit of my short,...looking for at least .6590
watching daily weekly and monthly
{quote} heavy industry such s car building number one cost is energy. energy cost is more than the steel (all raw materials) or labor combined. so economics dictates cars are cheaper to build closer to where the energy is. of course energy can be moved. moving the finished product is more cost effective ??? (possible, not always) early in mass car production history, plants were built near the energy (coal) for the reason. it takes 2 tons of coal, to make 1 ton of steel. less coal today is used. a bunch of recycled steel is melted with arc furnaces...
. Especially when it comes to Eur, it cant be measured, as there was no Eur back then. Kinda implies USD breaking its 40 years devaluation cycle. But everything has to end one day. Should it be valid, we can consider sub par targets (speaking of those targets, I had 1,141 as a decision point if cycle 2000 till now is finished or not. First test was hold and I have thought second test is gonna break to 1,158 + Oil breaking 60s. Since we get a LH, cycle now pointing parity targets with 1,075 as a decision point break or bounce). Still, what is gonna happen with all those bucks US managed to stuff in whole world - especially that Asia. Are they gonna hold as a safe haven deposit with US beeing the very strongest economy in the world? Possibly yes. On the other hand (not like US was any special in this case and is all @ the world the same) the average american is beeing pretty much robbed and your state is no longer the capitalistic paradise it used to be and kinda turning to socialism. As a result your debt is also skyrocketing and hikes aint gonna help it (but speaking of such a long term cycle these hikes are short term). So there is also trouble for US ahead...and we know how leaders solve troubles of common people. Start to wave with flags and attack someone, hunger is forgotten. In the end, it could well end up as WW3, with US beeing the major superpower and world uniting against it to get their debts paid. Kinda sci fi, but maybe not that much. Also, one of the reasons they hold is USD beeing the world reserve currency, but should this scenario take place, they are gonna dump it anyway... but in such scenario, think it wont matter to us.{quote} I'm a chicken, otherwise its good
{quote} fair comment, but im thinking rbnz is small fish in a big tank, pa never has only one direction, I am more concerned with yen and yuan movement than either kiwi or aussie, uj and gj could be in the process of reversing, so strong yen may mean striong kiwi
After successfully running Demo account, I am back with small Live account attached to trade explorer. My new targets are:
{quote} Valid points on all sides, but for my trading style, it's still sell NZD on the retracements. When and if you do catch a long at the right time, it'll be a nice move. Good luck
{quote} You still holding some E/U shorts? I got back in short from the 1.1070s yesterday. USDX has about 30 cents more to go until I take profit, (to $97.78), which will most likely put E/U around the 1.0900 mark. Expecting some kind of a retracement from there and then will reload
{quote} Down to crumbs. Cut the Long, have 1/5 of my old short. Needing a refill.Even so- If we don't get it I'm watching for 1115 in the next leg
{quote} this is gj weekly, looking to left this level right now, bears were absent, perhaps they pulled back to next resistance and entered, looking at previous 2 candles is saying so, so those two candles look pretty ominous, and this weeks is looking same (albeit still open) so very important battle going on right now, Im think primarily yen influenced, longer trade options take time like good cheese
{quote} Selling pressure . A strong breakout can result from here. {image}
