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Hi DA,
Excellent advice - didn't read your post till a couple of hours later I tried an entry at .7751 but it had moved up didnt chase it, it went on the 7800 plus as you suggested while I was pre-occupied with a big EURUSD price move up impact on my short. I think that'll do me for today.
Congratulations it looks like you are well in the money with your NZDUSD trade and the analysis behind it.
Thks & rgds
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target hit on long for a total 450+ pips,
there is now a completed corrective pattern , i am now short from 79.25.
will watch how the short unfolds , this maybe a small retracement and could possibly head into the 80s but will be short lived .
big shorts coming up, for target to 72
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Thanks again DA,
Congratulations on the 450+
read your latest post at 10.45am and pulled a few pips ...
looking to go short again ...
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hi toulouse,im expecting this may only be a temporary move back around 78 then may run into the 80s.
that should set up a short and hold to much lower levels.(72)
you can see from the wave personality its a slow drift which hints at a corrective trend( 3 waves lower ) rather than a sharp move to the downside.
im looking at sp500 and gold at the moment.
gold has been a fantastic trade , i shorted up at the 1800 level with a target of 1575 which was hit and then went long with a target of 1790.
its pausing now and may drift lower before moving up. this hints at more usd weakness.
gold if it gets to 1790, should come down in a hurry to 1480 level.
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closed short 85+ pips back long to see if it runs to 80 .
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Hi DA,
Got another NZDUSD short this morning after your post and was in again short and out OK later this afternoon, watching NZDUSD just now.
Have been working with tight stops.
I was going to have a look at S&P500 last night but went to bed instead.
I have not traded gold so far but will have a look at the charts later on.
Good result for you on the short and good luck with your current long...
My CFD provider has 3 pip spreads most of the time with NZDUSD but today it varied with 4, 5 pips from time to time and was at 6 pips at 10.20am.
thks & rgds
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hi DA,
great ANALYSIS WHERE do i sign up for the hedge fund,and great trade on gold
cheers
roddy
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thanks roddy , actually i run a hedge fund called Quantum Hedge Fund you may have heard of it.
cheers george s
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george s I have certainly heard of - great analysis and results - and I certainly know about Quantum Hedge Fund
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just need to be carefull guys , the main trade is setting up for a short.
i like scalping around to maintain my focus but we mustn't lose the big picture.
i still fancy a run higher , just put on another long 78.50 long very tight stop 78 .40