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NZD/USD

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NZD/USD

  • #10,981
  • Mar 30, 2016 10:44pm Mar 30, 2016 10:44pm
Hello kiwi lovers...! Below is my simple chart for today...I will let the screenshot speak for itself...
Trade safely friends!
Attached Image
  • #10,982
  • Mar 30, 2016 11:30pm Mar 30, 2016 11:30pm
I closed half my long last night at .6941 on rebound after first retrace from peak. I have order pending long at .6892 with 13 pip stop. Price has tentatively broken up from sideways consolidation pattern and retraced to break out point. I have been out today and may have missed ideal re-entry but won't chase it because break out does look weak but for a 13 pip risk after already taking good profits, I'm happy to risk entering again on possibility of retest of .6950 +
  • #10,983
  • Mar 31, 2016 12:08am Mar 31, 2016 12:08am
Quoting Karpa
Speculating on a potential retracement, the candles with fibos are all +/- the same size and they retraced at least 61.8% on the following week. Assuming we don't make a higher high and that history repeats itself.. we could still visit 0.6780 {image}
looking for 68 myself
April hike has not been ruled out.
In trading, you have to be defensive and aggressive at the same time
  • #10,984
  • Mar 31, 2016 12:30am Mar 31, 2016 12:30am
Quoting ninner
well look at a daily chart..it just broke out....going to the 2011 highs...that is my contribution...now you show some respect
so what. It also broke out here on Daily in 2013 in fact same period of time and look what happened afterwards.
Attached Image (click to enlarge)
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  • #10,985
  • Mar 31, 2016 12:47am Mar 31, 2016 12:47am
Quoting asgcorp
{quote} so what. It also broke out here on Daily in 2013 in fact same period of time and look what happened afterwards. {image}

Good point. Makes yesterday-today look like Deja-Vu
  • #10,986
  • Mar 31, 2016 2:30am Mar 31, 2016 2:30am
Quoting heispark
NZ is geopolitically stable and has decent rate comparing to the others. Profit taking pull back would be a good oppotunity to buy back if you missed the bus. It's very attractive currency among investors for the time being and therefore won't easily be abandoned. Buy and hold for an extended period time is also a good and safe approach I think....
it sounds savvy
  • #10,987
  • Mar 31, 2016 2:48am Mar 31, 2016 2:48am
Quoting eugenyk
{quote} it sounds savvy
that of course is correct unless of course you happen to live here and view it a little differrently
  • #10,988
  • Mar 31, 2016 2:51am Mar 31, 2016 2:51am
Quoting Mm8
{quote} that of course is correct unless of course you happen to live here and view it a little differrently
why is that? Black Power taking over fx trading in NZ?
  • #10,989
  • Mar 31, 2016 3:59am Mar 31, 2016 3:59am
Quoting asgcorp
{quote} why is that? Black Power taking over fx trading in NZ?
we wish ,there could be a little more honesty in the handling of things here instead were run by an ex banker and that should tell you everything
  • #10,990
  • Mar 31, 2016 4:03am Mar 31, 2016 4:03am
Quoting Mm8
{quote} we wish ,there could be a little more honesty in the handling of things here instead were run by an ex banker and that should tell you everything
good old time )) I've actually lived in Auckland for 4 years, Piha beach surfing was some good stuff. Overall very good impression, NZ is a great place! You guys also whacked the aussies in the rugby world cup recently.
PS: ex-banker just send him to the black power to sort out.
  • #10,991
  • Mar 31, 2016 5:08am Mar 31, 2016 5:08am
Quoting Blackopal
I closed half my long last night at .6941 on rebound after first retrace from peak. I have order pending long at .6892 with 13 pip stop. Price has tentatively broken up from sideways consolidation pattern and retraced to break out point. I have been out today and may have missed ideal re-entry but won't chase it because break out does look weak but for a 13 pip risk after already taking good profits, I'm happy to risk entering again on possibility of retest of .6950 +

Order was filled...closed it at .6921. It could go higher yet, a little show of strength there but the weak daily chart doesn't lend confidence. Happy with another 29 pips
  • #10,992
  • Mar 31, 2016 8:03am Mar 31, 2016 8:03am
Quoting Davit
{quote} looking for 68 myself April hike has not been ruled out.
Thanks for commenting Davit
there's also PMI data from china and the NFP, GDT next week.. let's see
  • #10,993
  • Mar 31, 2016 1:22pm Mar 31, 2016 1:22pm
payday!!!

GBPNZD
short now or never.
Attached Image (click to enlarge)
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  • #10,994
  • Mar 31, 2016 1:54pm Mar 31, 2016 1:54pm
Quoting openyoureyes
payday!!! GBPNZD short now or never. {image}
should work but just be careful, monthly supports close
Attached Image (click to enlarge)
Click to Enlarge Name: Screenshot1.png Size: 49 KB
  • #10,995
  • Mar 31, 2016 2:04pm Mar 31, 2016 2:04pm
GN short should work for sure. Are you using currency strength? On H4 it's triggered a sell signal on GNZ.
  • #10,996
  • Mar 31, 2016 2:07pm Mar 31, 2016 2:07pm
Quoting asgcorp
{quote} should work but just be careful, monthly supports close {image}
Why should one care about monthly on M5 ?
buying tops / selling bottoms
  • #10,997
  • Mar 31, 2016 2:10pm Mar 31, 2016 2:10pm
yeah right m5 scalp should be fine though
  • #10,998
  • Mar 31, 2016 2:34pm Mar 31, 2016 2:34pm
Quoting asgcorp
GN short should work for sure. Are you using currency strength? On H4 it's triggered a sell signal on GNZ.
no manual price action on a naked chart... (MACOSX browser trade )
checked it on 1H / 4H
after that I checked NU / GU

my entry was not good though, I should have waiting 5-10min more minutes for reversal...
  • #10,999
  • Mar 31, 2016 2:49pm Mar 31, 2016 2:49pm
NZ/U TP: 0.6941
G/NZ TP: 2.069

still holding...

my entries were good enough to carry + I'm a relaxed person.
(GU will break bot probably, which will carry G/NZ down - or NZ/U another test)
  • #11,000
  • Mar 31, 2016 2:52pm Mar 31, 2016 2:52pm
Quoting openyoureyes
NZ/U TP: 0.6941 G/NZ TP: 2.069 still holding... my entries were good enough to carry + I'm a relaxed person. (GU will break bot probably, which will carry G/NZ down - or NZ/U another test)
yeah good deal. AUDUSD Daily also looks like topping out price action. So NU should follow since it's correlated.
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