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Zyreon,
quote:if they raise interest rates, cliterus paribus, the NZDUSD should fall... hmmmm
the threat of another hike in NZ has clouded the issue in the short term, although I firmly believe Fed will hike at least another 5 or 6 times vs RBNZ's possible single hike - "cliterus (sic) paribus" - very good, so you're probably right.
In any event current EW structure is certainly quite bearish, until proven otherwise
Dazza, OHCL = Open/High/Low/Close
regards
Xerof
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Taken Kiwi back at break-even. smell a rat here across the board
Anything in the tea leaves Arco?
Considering going long on a break of 7330 or short on a break of 7200
Xerof
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Xerof
I have triple convergent resistance areas circa
7300-7324,so maybe they will hold.....Just maybe.
I say that because I have a concern with the
oscillator which is still on the positive side
of zero.
When in doubt - I stay out. There are better
fish to fry (or Butterflies to fly).
arco
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Went short at .790
Looking at range, Target .720
See how wee go
Cheers
Slam
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May the force be with you
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Arco, do you use standard oscillator set at 28,14 or have you found a better combo?
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Xerof
My favourites are.....
RSI - default
QStick- 8 expo.
MacD - default
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May I ask what signal are you using for entries?
You seem to be fairly accurate with those.
Regards
arco
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Its the Xerof combo -
I subscribe to TRL, whom I used for many years in my past roles, and is excellent IMO and experience. He is a confirmed TA, and certainly surfs the waves but don't know exactly what other indicators he uses.
I use very simple EMA 10,20; macd - default and bollies - default on my own charts 2, 4 hours and daily, but am the first to admit to not being particularly savvy in this area at this stage and don't yet have a tested and successful combo
I also have contacts in most of the local banks to gain a feel for where stops/bids/offers are. This can sometimes be misleading as the big players just hit the market and don't leave orders. I also still get their commentaries daily, as well as a lot of their Group research papers etc
I have my own experiences to fall back on - gut feel - call it what you want - often just seeing the price action tells me intraday whats going to happen on the close here and into London. NYK is a stunning time zone for volatility, but we have to sleep sometime, so I don't get involved live there, but have found over the years that whatever London have done, NYK will do the opposite - about a 90% correlation on that.
All of the above into the melting pot and bombs away.
Finally, I follow hedge fund models/systems/signals and techniques as well
Xerof
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Not waiting for a break of 7330, gone 1 unit long at .7290
USD looking very offered across the board
Xerof
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Yes, something spooked the herd.
Good Luck with that long Xerof. I am remaining
flat.
Pleasantly pleased with the week overall.
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