Xerof
Nice divergence on the ocsillator and that little run
North appears to just have been a test of polarity reversal.
(Positive becomes negative).
The top on NZD has also met the Cup and Handle target.
arco
Printable View
Xerof
Nice divergence on the ocsillator and that little run
North appears to just have been a test of polarity reversal.
(Positive becomes negative).
The top on NZD has also met the Cup and Handle target.
arco
excellent - so are you short now Arco?
stopped on a bulls**t run on stops above 73 to 7330 - lasted all of 1 minute before back below 73. Will reassess Monday.
Xerof
resold at .7319, will add at .7335, .7355 and S/L on the lot above .7380
interesting to see what will happen come thurs
just might join u there xerof...
Good Morning Xerof
Apologies for the delay in replying which was
due to being away over the holiday weekend.
Re NZD. No have not shorted yet, - will revue all
pairs this morning for opportunities.
GBP short position was left on over the w/e with
wide stop and is +45 currently.
arco
Got another unit of Kiwi out at .7335 Monday night (lucky I suspect, as was high bid on Saxo platform)
Need a break below 7260 to add confidence - hearing stops under 7260[:p][:p], but also buy stops above 7340[xx(][xx(]
Xerof
Xerof
All appears to be going well now.......are
you planning to hold these for the long term?
arco
If it can get through tomorrows event risk without too much of a bounce, will be trying to extract maximum value from this trade.
Would like to see AUD clearly break below 7770 as a backup to a general commodity bloc move. USD/CAD is looking supportive already, and a clear break below 7180 will confirm target of circa 67 cents IMO
Also shorted AUD at 7793 (missed your ideal resistance)
But early days...
cheers
Xerof
RBNZ delivered slightly more hawkish statement than expected, but bounce so far has been limited to the 7245 resistance area.
IMO a break above resistance at 7250 would lead to retest of last weeks highs, so have lowered stop on shorts to .7260 for today.
Elsewhere the USD is looking quite bid - note reaction to poor durable goods data saw kneejerk selloff, followed quickly by a turnaround, back to predata levels.
So Kiwi should take next direction from USD/majors from here, once the MPS impact moves into the background.
If we see another retest of the rising trendline off 7015 (currently at last nights low of 7195), then it should break through for a decent downside run
Xerof
Morning Xerof
7202 was an expected support level which
still needs to be broken.
Oscillator still above the zero.
Looking for circa 7263 to contain any upward move.
arco
Arco, have deferred to your excellent fine tuning skills and adjusted stop to 7265 !!
cheers
Xerof
Xerof
That figure is a minor Gann calc which fits in
nicely with the support area from 22nd April.
(i.e - Support can become resistance).
Are you managing the trade with a hard stop
or a mental stop ?
arco
Hard stop - discipline - cash management - live to sell again...etc etc
Xerof
ah i c whats wrong with the programe
on 17th march 2005, the highest price was 1.3480
thats why my graph looks weird wheneva i use a long term graph..
xerof/acro, does ur NZD/USD chart also have that price on 17th march?!