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20-03-2009, 05:20 PM
#1041
Member
Hi ALL,
I was long Nzd,Euro and short Aud/nzd before fomc staement,as i trade 20 day breakout! entries were 1.3003 and a second lot at 1.3484 on the Euro and the kiwi at.5313.my positions weren't that large but nonetheless have still picked up some worthwhile pips
i exited the Aud/nzd as it wasnt going anywhere early last nite tho it since has!The other trades still open i am targeting 1.39 on the Euro and on the kiwi if i get the room will be using ATR to decide my exit
cheers
roddy
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20-03-2009, 06:13 PM
#1042
Originally Posted by roddy
as i trade 20 day breakout!
daily close above SMA?
For clarity, nothing I say is advice....
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20-03-2009, 07:58 PM
#1043
Member
Hi Peat,
no just a price which is either the highest over the last 20 days or the lowest over the last 20 days.just a trend following system,which does have draw downs.
i throw a box at it so i can see at a glance whats happening,if the market isnt trending the system doesnt make money and i have draw down
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25-03-2009, 05:39 PM
#1044
How high will the NZD go against the USD before coming back down to earth?
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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25-03-2009, 06:41 PM
#1045
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30-03-2009, 08:25 PM
#1046
Sorry fella's, I was 14 pips too low
Anyway, good ol' 161.8% held it v nicely
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30-03-2009, 08:52 PM
#1047
Originally Posted by Xerof
Sorry fella's, I was 14 pips too low
Anyway, good ol' 161.8% held it v nicely
Butterflies abound and Fibonacci rules from afar (again)
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02-04-2009, 09:52 AM
#1048
relevant only in the sense that NZD reacted swiftly to Bollards comments y'day - interesting to see Bernard Hickey on interest.co.nz saying that Alan can jawbone the markets all he likes but apart from the OCR (which only affects short term rates) and by selling the Kiwi, the RBNZ has little impact on longer term rates, and that maybe NZ should embrace higher interest rates to encourage savers - after all he says its spenders who got the world into this mess in the first place
I'm sure you can find the vid yourself if you're interested.
me? I still happy to have locked in 6.5 for 5 yrs with current 5 yr rate from Wpac 7.6 and my rollover in 10 days.
For clarity, nothing I say is advice....
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02-04-2009, 02:45 PM
#1049
Tin-foil Hatter
Originally Posted by peat
maybe NZ should embrace higher interest rates to encourage savers - after all he says its spenders who got the world into this mess in the first place
Completely agree.
Unfortunately, Bollard comes from the wet, chardonnay socialist, Keynessian paradigm, which believes that GDP growth should be driven by consumption growth rather than by investment and exporting. If he unconditionally supported the NZD, then exporters would be focusing on productivity, innovation and process redesign rather than begging a weak NZD.
God - Please give us just one more bubble....
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03-04-2009, 01:58 PM
#1050
Member
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