Nzd.usd

[dumbass]

loaded up big on the risk off long nzd trade, probably more a technical short squeeze but if a sentiment change follows, price may really rally.

[Pumice]

Still holding the long trade DA? Japanese downgrade might knock the wind out of risk a bit.
I still hold a decent NZD short trade. Although i have a very long term goal in mind.

[dumbass]

hi pumice , bailed on this one for a few , i still like the idea of a short squeeze

very high risk but will look to long 75.20 with a tight 40 pip stop , this could be very profitable but risky.

[Pumice]

NZD looks pretty weak to me.
Looks to have broken .7500 as well. More downside I suspect.
I'm not ballsy enough to fight this down trend.

I'm also looking to short gold on a breach of 1500 (If it ever breaks that formidable support)

[dumbass]

hi pumice , bailed on this one for a few , i still like the idea of a short squeeze

very high risk but will look to long 75.20 with a tight 40 pip stop , this could be very profitable but risky.

squeeze it did , 3 long positions on 75,76,76.50 for 450 + 350 + and 300+, i will close all long positions here and look for a short entry

80 should provide heavy resistance so i will short from 79.50 79.70 with a tight stop at 80.25

[Pumice]

Nice trade!

Whats you target on the short, when and if this turns?

[dumbass]

hi pumice , this is an agressive entry and may be a bit premature , if 80 breaks probably have another look around 81 for a short entry target 68

[Pumice]

Cheers DA.
I haven’t jumped in yet, .80 is holding for now. I’m happy to wait for a better signal.
.68 wow that’s a big move. I hope you’re right.

[Entrep]

Hmm 68, you expect the share markets to tank too DA?

[dumbass]

Hmm 68, you expect the share markets to tank too DA?

i think it will but not quite yet.

i will close my short positions in kiwi for a small profit here , uptrend still looks intact for the moment , should find better short levels higher up.
i would now be looking at 80.80 area if seen.