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Thread: Nzd.usd

  1. #561
    Legend peat's Avatar
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    I dont really know now... so am closing and taking the +80 which was a good reward for risking 18.

  2. #562
    Senior Member slam's Avatar
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    I'd call 80 pips a good ST trade

  3. #563
    Legend peat's Avatar
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    starting to look like theres more for the taking now. if it breaks .6315 I will probably be convinced to continue shorting.

  4. #564
    Legend peat's Avatar
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    aand I did +50 now
    although it seems the Kiwi is tracking the Eur and could of course be dragged up when that continues its climb, my reasoning is that the Kiwi will get punished a lot harder in any corrections.

  5. #565
    Legend peat's Avatar
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    altho fundamentally the kiwi has some major issues... this upside tick happening now (5:30 am) makes me wonder if we might head back up to 66-67 which would complete some sort of bearish gartley. i.e we are at C now.

  6. #566
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    +145

  7. #567
    Senior Member slam's Avatar
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    Hi All (or anyone)
    Been short the Kiwi for a week now, started selling at .6212
    Looking for around .57
    Any other views

    Cheers
    slam

  8. #568
    action-reaction arco's Avatar
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    Hi Slam

    Looks a bit like a possible H & S (going back to late 2003).

    Bit scary for the NZD if this is the case.

    Expect a bit more fall and then perhaps a test of the H & S line.

    Regards to all

    - arco in QLD - blue skies and 23 C





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  9. #569
    Senior Member slam's Avatar
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    Hi arco
    Thanks for the reply.
    Stopped out of FOMC bounce.
    Still picked up a nice load of pips
    If H&S plays out, we are back to 71[:0], is that correct?

    Was on Sunshine Coast a few weeks back, wish I was still there.

    Have a good one
    Cheers
    Slam

  10. #570
    Legend peat's Avatar
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    quote:Originally posted by slam
    If H&S plays out, we are back to 71[:0], is that correct?
    yeh thats what I was thinking when I looked at it, but I didnt have the guts to say it heheh.



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