Nzd.usd

[zyreon]

put option (i don't care)

(well i do somewhat but not to the extent i would if spot)

The only thing is i forecast that it would go up now like it has, so went long (only 1 contract!) at 7000 for the short term rally and jumped at about 7070 {lacking in committment maybe}

[Xerof]

TRL -

quote:Whilst .7150/7165 caps,risks sell-off back toward Key .7100/7065 Support

Arco, forming any strong views on Kiwi? - I'm mulling selling it around here with a tight stop above 7170.

Xerof

[lakedaemonian]

I'm getting in this elevator........"Going down, ground floor please."

[Xerof]

quote:No indication of Reversal yet.Beyond .7165 & next Resistance at .7200/15

Patience MAY provide a better level....
has the same 'feel' about it as yesterday nearing the London open


Xerof

[arco]

Xerof

IMO this is just a polarity test of the bearish H&S.

My thoughts are still as mentioned previously........

quote:The.... oscillator is below zero and as mentioned
previously I expect a test of the H&S neckline before
NZD continues south. Long term - down

One tactic could be to trail a short entry from behind
the northbound action.

Next Gann resistance is at 7202 which could aid with
resistance at the neckline.

arco

[Xerof]

Arco, put me right - I thought the neckline was 7087...[xx(][xx(]

Could you draw me a little piccy of where you see it? without the spider will suffice

Xerof

[arco]

Zero spiders

[Xerof]

Hmmm, I can see that your chart is based on EOD Arco.

Unfortunately I used a HLC line (using lows) to get a neckline. THATS THE REASON - AAGGHH - makes a significant difference, circa 120 piparoonies.

Back to my books.....now wheres the bit on H&S formations....necklines...ah, here it is...beware of low necklines...they'll leave you feeling a right t!t...Ok - understood

Xerof

BTW I must tell the techie at WPAC to use EOD - it was a graph put out in their weekly that I glanced at to check the neckline !!

[arco]

Xerof

I usually use the close, however others may have
their own ideas. This diagram from Incredible charts....



arco

[arco]

Xerof

A bit of tech info for you........

The line chart provides less information than a bar chart, but is more useful for charting long term trends. It has a line that plots only the closing price against time.



arco