Gone to a better place
- #12,641
- Apr 13, 2017 4:22am Apr 13, 2017 4:22am
- Joined Mar 2007 | Status: Trader | 8,618 Posts
Gone to a better place
- #12,642
- Apr 13, 2017 11:35am Apr 13, 2017 11:35am
- | Membership Revoked | Joined Aug 2015 | 1,243 Posts
- #12,646
- Apr 24, 2017 1:54am Apr 24, 2017 1:54am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #12,647
- Apr 25, 2017 12:07am Apr 25, 2017 12:07am
- Joined Aug 2009 | Status: Ride the Pig | 31,271 Posts
Look Sharp/Trade Tight
- #12,649
- Apr 25, 2017 11:13am Apr 25, 2017 11:13am
Got back in on a long way too soon 
. Gains from last week's CPI have been erased. Would've expected Euro buoyancy to keep N/U up as well. Wondering if good CPI print from Oz on Wed may help to push this back up...
. Gains from last week's CPI have been erased. Would've expected Euro buoyancy to keep N/U up as well. Wondering if good CPI print from Oz on Wed may help to push this back up...
Enter Signature
- #12,650
- Apr 27, 2017 2:16am Apr 27, 2017 2:16am
- Joined Dec 2015 | Status: Trader | 8,759 Posts
If you are tracking NZDUSD, be aware that the pair is operating within a range of about 160 pips. A scalper's delight? But as a swing trader, I will wait until price action has passed no-man's land before looking for any trading opportunity. See attached chart; the range is mapped with bold saddlebrown horizontal lines.
Trade safe and prosper.
KP
Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money
- #12,651
- Apr 27, 2017 2:37am Apr 27, 2017 2:37am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
Money moves the market, not an indicator.
- #12,652
- Apr 27, 2017 2:57am Apr 27, 2017 2:57am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
{image} {image}
Update : I'm in, took half
Money moves the market, not an indicator.
- #12,653
- Apr 27, 2017 3:38am Apr 27, 2017 3:38am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
{quote} Update : I'm in, took half {image}
Money moves the market, not an indicator.
- #12,655
- Apr 27, 2017 7:01am Apr 27, 2017 7:01am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
{quote} Update : time to lock profit {image}
Money moves the market, not an indicator.
- #12,656
- Apr 27, 2017 7:12am Apr 27, 2017 7:12am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
For long term traders/swing/investors :
Money moves the market, not an indicator.
- #12,657
- Apr 27, 2017 7:14am Apr 27, 2017 7:14am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
{quote} Update : New SL {image} {image} {image}
New SL :
Money moves the market, not an indicator.
- #12,658
- Apr 27, 2017 9:08am Apr 27, 2017 9:08am
- Joined Jun 2011 | Status: Swing trader using Market Cycles | 2,152 Posts
{quote} New SL : {image}
Money moves the market, not an indicator.
- #12,660
- Apr 30, 2017 3:38pm Apr 30, 2017 3:38pm
- Joined Dec 2015 | Status: Trader | 8,759 Posts
If you are tracking NZDUSD this week consider this technical perspective.
On the daily time frame, price action since February 2017 has been on the descent within the channel observed earlier on the weekly time frame. The technicals and order flow context show further bearish move but the spatial relationship of the MAs I use indicate some sluggishness, apparently a decrease in momentum is to be expected. There is likely to be a pullback before any further southward move; particularly as price action is in an area which has acted as a strong support zone for a couple of times in the past and has not been breached since May 2016. A breach to the downside is likely to expose 0.66732, the low of May 2016.
I may be wrong. Trade safe and prosper.
KP
On the daily time frame, price action since February 2017 has been on the descent within the channel observed earlier on the weekly time frame. The technicals and order flow context show further bearish move but the spatial relationship of the MAs I use indicate some sluggishness, apparently a decrease in momentum is to be expected. There is likely to be a pullback before any further southward move; particularly as price action is in an area which has acted as a strong support zone for a couple of times in the past and has not been breached since May 2016. A breach to the downside is likely to expose 0.66732, the low of May 2016.
I may be wrong. Trade safe and prosper.
KP
Do your homework, follow the footprints of smart money