Nzd.usd

[roddy]

With volatility dropping and a new low have moved my stop up to 1.2930.i am using a 2*atr as a stop be interesting to see if euro can take out the weekly pivot at 1.2830 which is 32.2 % retracement of the
last push lower

[Pumice]

Looks like you are still on track roddy
Didnt quite make that 1.2830 retacement.

The EUR has been a one way street this year. has been very profitable.

[Pumice]

Another mass downgrade of europe. 200 pip drop overnight.
Thats gotta put a smile on your face roddy.
I didnt catch any of that unfortunately.

[roddy]

Hi Pumice sorry for slow reply havent been on sharetrader for awhile.
yes i have a smile on my face! my stop is at 1.2879 after the drop you
mentioned.The next target is support at 1.25 which is support from 28 august 2010
there is a broadening pattern from 9/01 on the daily which could be a possible base for a retrace up but
as yet its all looking bearish

[roddy]

I got stopped out on the Euro trade last night for 963 pips profit.
the Euro is now outside of its downtrend channel and has already retraced 23.6 of the original down move to 1.2960 the next fib 38.2 comes in at 1.3250.When DA gets back he will be able to give a likely count upward until then happy trading

[Pumice]

Couldnt find it on any NZ media site, but it looks like China are imposing increasing tarrifs on your milk.
up from 5% to 10%

hence the fall in the NZD

Didnt expect that, I thought NZ had a solid relationship with China (in terms of trade anyway)
Payback for Crafer?

[peat]

Couldnt find it on any NZ media site, but it looks like China are imposing increasing tarrifs on your milk.
up from 5% to 10%

hence the fall in the NZD

Didnt expect that, I thought NZ had a solid relationship with China (in terms of trade anyway)
Payback for Crafer?

yeh thats how it initially struck me too Pumice, however an article I read said this was always part of the deal and fully available information and therefore theoretically at least should not have caused the movement - not sure of the link exactly but was probably a nzherald or a stuff article.

[peat]

haha
i think the forex market is saying
sod you Bollard

[Pumice]

100 pis in a few hours!
I think Bollard would have more success saying he wants to see the NZD rise.

I take US GDP or NFP was horrible again this week....

[Pumice]

NZD/USD under 79c AUD/NZD back over 1.28
My student loan just got a whole lot cheaper! wahoo