A majestic flight north by the Red Admiral.........action has now entered the red box with a present high of 1.1768 (15.45hrs) GTA - arco
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Hit a year high (or low depending on which way you look at it) today, looks like this one may have a bit further to run.
AUD/NZD on the 5 min candle since 0600 today NZ Time theres a bullish gartly just completed. And a bullish one on the NZD/USD
For clarity, nothing I say is advice....
twas a hard road but think it will pay off.... the momentum gradually waned and now the NZD falls and the AUD/NZd rises.
Bit of resistance overhead to the long from a swathe of moving averages. Therefore possible straddle tactic IMO until this resolves - Go long 1.1481 - potential target 600-900 pips SAR/or stop @ 1.1331 RR 4:1
2/2 Go long 1.1481 - potential target 600-900 pips Just for the record, I got the direction right but unfortunately the driver had the map upside until he found a compass
Last edited by arco; 06-05-2008 at 11:07 PM.
Hi all Good call on the last post arco. My short order got filled over night at 1.24 currently +75 Tight stop as I think it may have another go at 1.246 but hopefully get a retrace first Cheers Slam
Thanks Slam..... Must admit I had a little help from a large green butterfly (or 2) Ya never know there might be a bit more fuel left.... rgds - arco
yeh Max said .73 so thats um 1/.73 = 1.36 from a fundy point of view it would appear our economy is turning down a lot faster than theirs.
Closed short for +62 as it has stalled. Trade was contradicting my others so wasn't that comfortable with it. May still go lower but a bird in the hand and that. Thanks for the comments guys Cheers Slam
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