Disliked{quote} Waiting very patiently for 0.6815 again. This could be the final "farewell" point in the NZD before the next mid term leg to sub 0.60 I have large sell orders pending here. One with a 20 pip SL (r/r as much as 1:40 here) and another with a wider stop just above the previous highs.Ignored
- #10,704
- Feb 25, 2016 10:24pm Feb 25, 2016 10:24pm
- | Joined Mar 2014 | Status: Trader | 1,228 Posts
{quote} This is true but I sense a breakout on the topside. Fundamentally its sound despite all the BS negative news being thrown at it. I think the market is positioned short.
If you sense a breakout to the topside, then draw a S/R line at your preferred point "in the sand", drop down to a M15 / M30 time frame, and wait to see if it happens... then jump in on a pullback.
- #10,705
- Feb 25, 2016 10:47pm Feb 25, 2016 10:47pm
- Joined Aug 2008 | Status: Trader | 3,386 Posts
{quote} If you sense a breakout to the topside, then draw a S/R line at your preferred point "in the sand", drop down to a M15 / M30 time frame, and wait to see if it happens... then jump in on a pullback.
Im thinking about long NZD/CAD
The yield on both is too good.
- #10,708
- Feb 25, 2016 11:05pm Feb 25, 2016 11:05pm
- Joined Aug 2008 | Status: Trader | 3,386 Posts
{quote} That's why you have to pick your line and wait and see which direction the market chooses.
- #10,709
- Feb 25, 2016 11:41pm Feb 25, 2016 11:41pm
- | Joined Mar 2014 | Status: Trader | 1,228 Posts
{quote} I picked the trade 19 weeks ago
- #10,712
- Edited 10:48am Feb 26, 2016 6:32am | Edited 10:48am
- Joined Mar 2014 | Status: swimming with floaters and snorkels | 1,157 Posts
I was short too, thought the LON/NY rally was a pump before the dump
found this:
"This metric suggests the NZD is overvalued by 11.6%, which is not all that far below last April's valuation extreme of 16.3%."
http://news.forexlive.com/!/anz-fore...d-nzd-20160226
edit 4h later: it was a pump & dump
found this:
"This metric suggests the NZD is overvalued by 11.6%, which is not all that far below last April's valuation extreme of 16.3%."
http://news.forexlive.com/!/anz-fore...d-nzd-20160226
edit 4h later: it was a pump & dump
- #10,713
- Feb 26, 2016 8:02am Feb 26, 2016 8:02am
I was short too, thought the LON/NY rally was a pump before the dump found this: "This metric suggests the NZD is overvalued by 11.6%, which is not all that far below last April's valuation extreme of 16.3%." http://news.forexlive.com/!/anz-fore...d-nzd-20160226
- #10,714
- Feb 26, 2016 10:45am Feb 26, 2016 10:45am
- Joined Mar 2014 | Status: swimming with floaters and snorkels | 1,157 Posts
{quote} US data, after rising as well, though always necessarily bad though. They do not take into account foreign exchange valuable news. If such space is increased to kiwi
- #10,716
- Feb 26, 2016 2:47pm Feb 26, 2016 2:47pm
I was short too, thought the LON/NY rally was a pump before the dump found this: "This metric suggests the NZD is overvalued by 11.6%, which is not all that far below last April's valuation extreme of 16.3%." http://news.forexlive.com/!/anz-fore...d-nzd-20160226 edit 4h later: it was a pump & dump
- #10,717
- Feb 27, 2016 12:32pm Feb 27, 2016 12:32pm
- Joined Mar 2014 | Status: swimming with floaters and snorkels | 1,157 Posts
{quote} congrats! we have made it, thanks to US GDP, close my trade after taking profit about 30 pips.
I closed a bit early myself but I'm working on that..
- #10,719
- Feb 28, 2016 3:36pm Feb 28, 2016 3:36pm
- Joined Mar 2014 | Status: swimming with floaters and snorkels | 1,157 Posts
