Attachments: NZD/USD

NZD/USD

#11,501
May 1, 2016 2:59pm May 1, 2016 2:59pm

Zerv
| Joined May 2012 | Status: Trader | 120 Posts

Relative weak Chinese numbers. Currently 0.6969 - Where do you guys think we are heading towards the following days?

#11,502
May 1, 2016 3:44pm May 1, 2016 3:44pm

mxb
| Joined Jun 2006 | Status: Trader | 241 Posts

uptrend still intact

#11,503
May 1, 2016 7:36pm May 1, 2016 7:36pm

FallingSky
| Joined Apr 2016 | Status: Trader | 17 Posts

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 2, 2016 12:50am May 2, 2016 12:50am

KeenPips
Joined Dec 2015 | Status: Trader | 8,751 Posts

Quoting FallingSky

Disliked

i'm seeing the possibility of a retest of our .7050 area from 2 weeks ago, in which a possible push to 7070. IMO

Ignored

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 8:27am May 2, 2016 8:27am

idaho19
| Joined Feb 2015 | Status: Trader | 59 Posts

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?

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#11,506
May 2, 2016 8:58am May 2, 2016 8:58am

FallingSky
| Joined Apr 2016 | Status: Trader | 17 Posts

Quoting KeenPips

Disliked

{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

Ignored

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 9:10am May 2, 2016 9:10am

KeenPips
Joined Dec 2015 | Status: Trader | 8,751 Posts

Quoting FallingSky

Disliked

{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

Ignored

Good spirit. Lol

Do your homework, follow the footprints of smart money

#11,508
May 2, 2016 10:55am May 2, 2016 10:55am

Don96
Joined Dec 2015 | Status: Trader | 7,803 Posts

Quoting Don96

Disliked

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}

Ignored

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 12:01pm May 2, 2016 12:01pm

Beerrun
Joined Jan 2016 | Status: Good Coder | Bad Trader | 461 Posts

Is this correct?

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#11,510
May 2, 2016 12:12pm May 2, 2016 12:12pm

Karpa
Joined Mar 2014 | Status: swimming with floaters and snorkels | 1,157 Posts

selling 7019
any ideas for GDP tomorrow?

#11,511
Edited 2:19pm May 2, 2016 1:14pm | Edited 2:19pm

Karpa
Joined Mar 2014 | Status: swimming with floaters and snorkels | 1,157 Posts

Quoting Beerrun

Disliked

Is this correct? {image}

Ignored

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

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#11,512
May 2, 2016 5:28pm May 2, 2016 5:28pm

newbegger
Joined May 2011 | Status: Trader | 1,577 Posts

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 5:44pm May 2, 2016 5:44pm

Don96
Joined Dec 2015 | Status: Trader | 7,803 Posts

Quoting Don96

Disliked

{quote} 0.7025 missed by 3 atm, 0.7039 what I'm after for bigger shorts, and biggest at 0.707

Ignored

shorted at 0.7028

#11,514
May 2, 2016 5:44pm May 2, 2016 5:44pm

KeenPips
Joined Dec 2015 | Status: Trader | 8,751 Posts

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 6:19pm May 2, 2016 6:19pm

newbegger
Joined May 2011 | Status: Trader | 1,577 Posts

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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 6:52pm May 2, 2016 6:52pm

Don96
Joined Dec 2015 | Status: Trader | 7,803 Posts

Quoting Don96

Disliked

{quote} 0.7025 missed by 3 atm, 0.7039 what I'm after for bigger shorts, and biggest at 0.707

Ignored

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 6:58pm May 2, 2016 6:58pm

Karpa
Joined Mar 2014 | Status: swimming with floaters and snorkels | 1,157 Posts

Quoting Don96

Disliked

{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

Ignored

we have +/- the same levels