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23-06-2005, 08:52 PM
#211
Member
from a fundamental perspective... tomorrow's NZ GDP is pushing the NZDUSD down a little due to negative expectations... I have no idea what GDP figure will be... though if it's negative or in line with expectations the tone could be set as bearish for the next couple of days.
POSSIBLY (just my thoughts)
as well as that the FOMC meets on 29/30 and may raise interest rates again, which tends to be bearish for the NZDUSD... so pricing of that in could help strengthen the bearish tone. added to that the possibility of stop-loss price cascade we could see some good downward movement over the next few weeks?
(DISC though i own a few puts i.e. i have a bearish bias so i could be unconsciously ignoring the up side, or over imagining the downside)
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23-06-2005, 08:53 PM
#212
Member
by the way, some of today's action was instigated by the current account data for NZ - which was somewhat bearish
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24-06-2005, 08:21 AM
#213
And I was certain it was all Major Gann's fault
If anyone took the low risk trade around the Gann
resistance mentioned 21/6............
General Gann resistance could halt progress circa 7202
...there will be a nice 150 pips in the bag right now.
GTA
arco
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24-06-2005, 08:27 AM
#214
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24-06-2005, 08:37 AM
#215
Good Trading All
good trading ahead
Gann trounces allcomers
That Major Gann deserves a promotion Arco
Xerof
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24-06-2005, 08:41 AM
#216
Member
quote: Originally posted by arco
And I was certain it was all Major Gann's fault
If anyone took the low risk trade around the Gann
resistance mentioned 21/6............
General Gann resistance could halt progress circa 7202
...there will be a nice 150 pips in the bag right now.
GTA
arco
My limit order missed getting triggered by 2 pips
Arggggg!
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24-06-2005, 08:51 AM
#217
Lake
One solution is to scale several orders in at
different rates around the target.
e.g. 7192/7197/7202/7207/7212
Slam
GTA
Gone to Australia
.......will the last person to leave
please switch off the light.
Good Trading All
Great Trousers Arco
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24-06-2005, 08:54 AM
#218
Xerof
Come back....all is forgiven
we miss your FA.
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24-06-2005, 09:25 AM
#219
NZD doing a wee bounce, may provide a sell opportunity if it's decent, for those going short
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24-06-2005, 09:49 AM
#220
quote: Originally posted by slam
NZD doing a wee bounce, may provide a sell opportunity if it's decent, for those going short
And that was it[:0]
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