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06-03-2009, 11:35 AM
#1021
Originally Posted by Dr_Who
Short NZD at .5050?
nzdusd at 4979, very happy with my short position. May cover soon I guess.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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06-03-2009, 12:54 PM
#1022
Originally Posted by roddy
Hi Patsy,
It will be an interesting scenario if RBNZ cuts and we could end up with lower ocr than AUD.I trade solely price and i am still short on the kiwi,and have been trading a simple trend following system which seems to be working okay!
Hi Roddy - long time no see
November 2000 the rate was down to .3900. Currently its retraced nearly 78.6 (Fib) from the high
arco
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06-03-2009, 01:42 PM
#1023
Member
Hi ARCO,
Yes it has been awhile,its raining in the bay today,not to good for this years vintage!
.3900 is where i anticipate things going too as well
cheers
roddy
Last edited by roddy; 06-03-2009 at 02:07 PM.
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11-03-2009, 09:13 AM
#1024
The NZD is surprisingly strong against the USD. Why is it so strong?
Last edited by Dr_Who; 11-03-2009 at 11:35 AM.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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12-03-2009, 09:00 AM
#1025
50 pip spread !!
50 pt cut
perfect bearish gartley at 5128
Last edited by peat; 12-03-2009 at 09:05 AM.
For clarity, nothing I say is advice....
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12-03-2009, 09:58 AM
#1026
Cut my loss and covered my short position this morning. I am glad I did, cos the NZD is trending up.
Having got ourselves into a debt-induced economic crisis, the only permanent way out is to reduce the debt – either directly by abolishing large slabs of it, or indirectly by inflating it away.
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12-03-2009, 10:35 AM
#1027
Member
Hi DR and Peat,
finally got stopped out this morning but have a short in at 5118 for a target of 40 points below
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12-03-2009, 10:48 AM
#1028
Member
Originally Posted by Dr_Who
Cut my loss and covered my short position this morning. I am glad I did, cos the NZD is trending up.
Actually may be to do with the fact that the NZ economy is less negative than other countries and the Govt policy got a good write up in the WSJ and the Australian. 3% is also pretty high. still Bollard should have gone to 2.5% No point is waiting really. Still he is unsure of giving impetus to a dead cat bounce i guess
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12-03-2009, 04:04 PM
#1029
Originally Posted by peat
50 pip spread !!
50 pt cut
perfect bearish gartley at 5128
Also potential Bearish BF forming on the Hour.
.
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12-03-2009, 09:08 PM
#1030
Originally Posted by roddy
Hi DR and Peat,
finally got stopped out this morning but have a short in at 5118 for a target of 40 points below
hey you've justabout got em, i averaged .5120
For clarity, nothing I say is advice....
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