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NZD/USD

  • #11,501
  • May 1, 2016 12:59pm May 1, 2016 12:59pm
Relative weak Chinese numbers. Currently 0.6969 - Where do you guys think we are heading towards the following days?
  • #11,502
  • May 1, 2016 1:44pm May 1, 2016 1:44pm
uptrend still intact
  • #11,503
  • May 1, 2016 5:36pm May 1, 2016 5:36pm
i'm seeing the possibility of a retest of our .7050 area from 2 weeks ago, in which a possible push to 7070. IMO​
  • #11,504
  • May 1, 2016 10:50pm May 1, 2016 10:50pm
Quoting FallingSky
i'm seeing the possibility of a retest of our .7050 area from 2 weeks ago, in which a possible push to 7070. IMO​
The possibility is there; so also is the converse. Let's trade what we see on our charts. Let's be careful in our analysis and watch for the most probable pa for better trading results.

KP
Do your homework, follow the footprints of smart money
  • #11,505
  • May 2, 2016 6:27am May 2, 2016 6:27am
Topping of second shoulder on the 4 hour chart? Busting through NZDUSD .7000 may be a bridge too far or is that just my wishful thinking?
Attached Image (click to enlarge)
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  • #11,506
  • May 2, 2016 6:58am May 2, 2016 6:58am
Quoting KeenPips
{quote} The possibility is there; so also is the converse. Let's trade what we see on our charts. Let's be careful in our analysis and watch for the most probable pa for better trading results. KP
agreed, I was only hoping to stir up discussion since this thread seems to fall asleep pretty often and I'm nowhere near experienced enough to offer charts to debate over. Only offer my conclusions to be trolled over. Have a profitable week
  • #11,507
  • May 2, 2016 7:10am May 2, 2016 7:10am
Quoting FallingSky
{quote} agreed, I was only hoping to stir up discussion since this thread seems to fall asleep pretty often and I'm nowhere near experienced enough to offer charts to debate over. Only offer my conclusions to be trolled over. Have a profitable week
Good spirit. Lol
Do your homework, follow the footprints of smart money
  • #11,508
  • May 2, 2016 8:55am May 2, 2016 8:55am
Quoting Don96
yeah I'm waiting for 0.703/4 and up to 0.707, after ill have to re evaluate... 0.7030 is best shot for me before HL, then I have .7070, .71xx I posted is only invalidated by FOMC spike, ill watching closely tomorrow, Month and week closes and weekly close below 7070 is what I'm after (perhaps monthly increase 0.54 chance, but perhaps not​) {quote}
0.7025 missed by 3 atm, 0.7039 what I'm after for bigger shorts, and biggest at 0.707​
  • #11,509
  • May 2, 2016 10:01am May 2, 2016 10:01am
Is this correct?
Attached Image (click to enlarge)
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  • #11,510
  • May 2, 2016 10:12am May 2, 2016 10:12am
selling 7019
any ideas for GDP tomorrow?
  • #11,511
  • Edited 12:19pm May 2, 2016 11:14am | Edited 12:19pm
Quoting Beerrun
Is this correct? {image}
CCI does show divergence but RSI only on H1, same as Accumulation/Distribution which I've been playing with recently

Bulls seem very tired, if they make it over 7035, I see immediate resistance just above the recent high. Above the red rectangle N/U went chopping in May/June 2015 for 2 weeks.. imho current price is no good to long N/U

On the down side there's confluence of EMA200, daily ADR and Phi Fair Price.. tomorrow's GDP may decide this tug of war

Attached Image (click to enlarge)
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  • #11,512
  • May 2, 2016 3:28pm May 2, 2016 3:28pm
I did not add to my short from .6848 as pair have never looked back after the raging candle on the rate announcement last month. I may still add another lot if this pair ever stops going up and stays below .7100. But I have uncomfortable feeling we will not get normal May cycle this year and USD going down down down. In that case, short is wrong side. I am not sure I will even leave this short on until .710x stop? It may be best to cut the loss here and wait for it to turn.

I won't to go long during month of May as I have been hurt before going against the May cyclicals. I recall May 2010 and the crushing of my account, lol ;-(
Ecclesiastes 1:9
  • #11,513
  • May 2, 2016 3:44pm May 2, 2016 3:44pm
Quoting Don96
{quote} 0.7025 missed by 3 atm, 0.7039 what I'm after for bigger shorts, and biggest at 0.707​
​shorted at 0.7028
  • #11,514
  • May 2, 2016 3:44pm May 2, 2016 3:44pm
Play safe. Before going against the current trend, wait for a clear reversal pa.

KP
Do your homework, follow the footprints of smart money
  • #11,515
  • May 2, 2016 4:19pm May 2, 2016 4:19pm
Attached Image (click to enlarge)
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Feel the force. I am pulling plug on the short now. Will wait for the 38% retrace around .7230 to start short again.

Only other short entry will be a breakout trade, a close below .6940.

Sidelines for now. Happy trading all
Ecclesiastes 1:9
  • #11,516
  • May 2, 2016 4:52pm May 2, 2016 4:52pm
Quoting Don96
{quote} 0.7025 missed by 3 atm, 0.7039 what I'm after for bigger shorts, and biggest at 0.707​
well there it is, got in at 0.70381, high so far 0.70382 - wouldn't be surprised to see 707x though, 0.71 has a valid bull set up as-well
  • #11,517
  • May 2, 2016 4:58pm May 2, 2016 4:58pm
Quoting Don96
{quote} well there it is, got in at 0.70381, high so far 0.70382 - wouldn't be surprised to see 707x though, 0.71 has a valid bull set up as-well
we have +/- the same levels
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  • #11,518
  • May 2, 2016 5:02pm May 2, 2016 5:02pm
Quoting Karpa
{quote} we have +/- the same levels {image}
​haha, not bad eh, USD weakness might prevail though and push everything against it stronger
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  • #11,519
  • May 2, 2016 5:04pm May 2, 2016 5:04pm
Quoting Don96
{quote} ​haha, not bad eh, USD weakness might prevail though and push everything against it stronger :/
impossible mate, I'm selling yen too
  • #11,520
  • May 2, 2016 5:05pm May 2, 2016 5:05pm
Quoting Karpa
{quote} impossible mate, I'm selling yen too
whats impossible?

when I said everything, I mean the majors, EU up UJ down, GU up etc
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