Nzd.usd

[dumbass]

price action running out of steam and being repelled off trendline.
short at 74.65

[Nevl]

Ouch. Got caught with the big bounce in the Kiwi but doing well on the Aussie crosses as I will be long in Aussie against the Eur and US. Also was long in Japan but expect a pull back in the Kiwi as I do not think Bollard will be as hawkish as the market is expecting.

[arco]

PA hesitated at the 2 grey boxes giving nimble fingers perhaps 50 pips if they scalped a short.

For me still no confirmed reversal, although I snaffled 15 pips a few minutes ago short at the higher grey box.

Now looking to see if this is a medium term top.

[blackcap]

From a purely layman perspective, I have watched the Kiwi go up up up and up and feel that it must surely come down sometime? I am considering shorting it at the 75 mark with a long term valuation of 60-65.

What is the risk with this approach? Long term the Kiwi bounces between 40 and 85 cents US. so surely around the 75 cent mark the downside potential outweighs the upside?

[arco]

Blackcap

If you can stand a very large stop loss and time is of no consequence the trade may eventually work out for you.

How do you plan to do the trade?

[arco]

I mentioned on the 18th regarding a potential reversal pattern forming on the Kiwi.


The PA reached the channel line yesterday and at that point it was just a case of waiting for a swing point to form and with additional confirmation from a Chikou break an order could be placed below the that point. (Overnight Max circa 75 pips)

[blackcap]

Blackcap

If you can stand a very large stop loss and time is of no consequence the trade may eventually work out for you.

How do you plan to do the trade?

Quite simply sell 10k of Usd on my trading platform and wait till it goes back to 63-65 cents.

i know, not very sophisticated but...

[slam]

Hi All
Haven't posted for a while
Anyone manage to grab a few of those 350 odd pips in the last few days
Grabbed 180 but extended further than I thought

Hope some of you got them and more

Cheers
Slam

[peat]

volumes are up.
I dont usually see much fx vol information but this is on interest.co.nz
http://www.interest.co.nz/charts/gallery4-40.asp

[miner]

Hi slam good to see you got some pips off this one,looking for a short at the mo but then every time I play this one I usually get shot out of the sky.

Cheers
Miner