Thanks DA/George,
I am long at the moment, my stop is lower than yours, so I will tighten it as you suggested.
I am also interested in the setting up for the short so I will keep a closer eye out for your posts
thks & rgds
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Thanks DA/George,
I am long at the moment, my stop is lower than yours, so I will tighten it as you suggested.
I am also interested in the setting up for the short so I will keep a closer eye out for your posts
thks & rgds
Hi Roddy, and DA,
Good advice again DA,
Just hit my target T1 and I am out again.
morning guys , bias has now changed to short , correction over at 79 top.
now the tricky thing is to find a short entry with a good risk reward , would expect to see 77 today which may
complete wave 1 down and allow a retracement wave 2 for a short entry .
gl
Hi DA,
just read your post, I have a short in this morning but has not triggered yet...
OK I have been in now for a while and looking good to go to T1 ...
maybe, just maybe a rally of the lower channel up to 78 would make a nice short from there.
http://i183.photobucket.com/albums/x...9999/nzdm5.jpg
I see the low channel clearly in your chart - spooky how it is up 10 pips from the low 7732 ish to 7742 in a few minutes...
hi toulouse , 78- 78.10 has some signiifcant fib numbers.
could be a good place for a short , risk would sit at mid 78s.
http://i183.photobucket.com/albums/x...99/nzdm5-1.jpg
Hi DA,
Firstly thanks for your time posting these charts.
Much appreciated.
Your analysis is excellent.
Today I had three trades, a short first and later two longs.
All were profitable and I am out now.
Yes I certainly will be watching around .78.
All the best.
thks & rgds
hey guys, sorry to jump in, im graham
DA, are you picking a short may happen somewhere around 78-78.5?
im quite a novice in regards to forex, just wondering what indicator you used to pick that up?
cheers,
i generally trade 30m use bbands rsi price osc and of course macd. just keen to see where your coming from, you using fibs?(i havent had much luck with it,truth dont know how to plot it properly),
o also, just a gen question the spot gold price, has this sunk big time from its high only a few days ago due to people perceivng that germany will bail out?and greece will get its 6bil?, imo gold goes up in bad news down in good news?