Nzd.usd

[dumbass]

Picked up some respectable pips on a few NZD shorts.
Do you think the the AUD and NZD downtrend will hold over the medium to longer term?

im still following the traingle scenario on the weeklys, which means the aud is going a lot lower.
see previous chart.

normally the e wave of the triangle ( currently unfolding ) is a 3 wave affair.
i would say rally at the moment should be sold.

[miner]

Hi DA sorry for the late reply but been busy with other stuff,just fired up some charts and see that EUR/USD has broken to the top side of my north bound channel on the daily and is now also above a fairly long term downtrend line I have.

Always have a look at what you post,hope all going well.

Cheers
Miner

[Pumice]

im still following the traingle scenario on the weeklys, which means the aud is going a lot lower.
see previous chart.

normally the e wave of the triangle ( currently unfolding ) is a 3 wave affair.
i would say rally at the moment should be sold.

Open ended QE isnt going to help USD long trades.

Will it ever end....

[Fudosan]

Open ended QE isnt going to help USD long trades.

Will it ever end....

The long awaited QE3 is finally here. Isn't it nice these days that you can create prosperity by simply printing more money?

[miner]

Just had a look,held obove my lines and up 300 odd pips .

[dumbass]

Just had a look,held obove my lines and up 300 odd pips .

Spot on and a nice trade. I personally hold a little sceptism about the legs on this move.

It was well telegraphed and with the whole world short usd i like the usd long side , but very

counter trend trade which requires extreme caution.

Gl guys and good to see a few posts

[miner]

Hi DA,just had a look and put on another 200 odd pips, got to get the odd one right,would have taken out a few shorts,with eur/usd it's a bit of a case of which one is further up sh*t creek than the other,so can get a bit dodgy playing it.

[lakedaemonian]

The long awaited QE3 is finally here. Isn't it nice these days that you can create prosperity by simply printing more money?

Although it's worth mentioning QE3 is more of a Mini-QE3...only about a 1/4 to a 1/5 of what many were expecting.

[dumbass]

maybe something significant happening to the downside in the aud.
there is a trendline up there at 1.06 , with a potential double top, dailies posted a bearish evening star and some fib lines too.
like i said before the world is short the usd so plenty of fuel for a good run south .
could QE3 be old news, 2 short trades on for 400+
i suspect with a lot of upperward momentum there may be a few more twists but lets see .
Attachment 4134

[Fudosan]

Although it's worth mentioning QE3 is more of a Mini-QE3...only about a 1/4 to a 1/5 of what many were expecting.

Why mini if QE3 is open-ended? It can go on for years.