Closed for 28pips
scalping today:D
Cheers
Slam
Edit: Typo 28
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Closed for 28pips
scalping today:D
Cheers
Slam
Edit: Typo 28
Again here, I sold , still in currently +20
but heres an outlook from my platform, that disagrees -
[NZD/USD] has been knocked to sub-0.7000 levels in the Usd's rebound. Technical players will, though, be eyeing the 0.6985 range boundary which appeared to trigger solid gains on Thursday when it gave way. While this level holds intact such players are likely to attempt to establish new longs. While the resurgent Usd is causing the Kiwi problems, support is coming from the Nzd/Jpy cross which is currently around new 8-year highs in the upper 81s as Japanese investors seek yield. Given widespread expectations of an RBNZ rate hike on Oct 27, bidding this latter cross or selling Aud/Nzd would appear to be the best way to play expected Nzd strength.
chopped kiwi short yesterday for a miserable 25 pips - didn't like the fact that only interest in the market yesterday was Uridashi buying interest.
Will look to resell before MPS though, as market has priced 50 point hike in already
Xerof
Gann just above circa 7080 may halt further northbound progress.
Seems Major Gann has enlisted a new recruit, and may be able to stand his men down [8D][8D]
Quote:
quote:10:05 25Oct2005 RTRS-NZ FINMIN SAYS KIWI DOLLAR AT UNSUSTAINABLE LEVEL, SHARP DEPRECIATION POSSIBLE
10:05 25Oct2005 RTRS-NZ FINMIN SAYS OVERSEAS INVESTORS HAVE EXCESSIVE FAITH AND SHOW IRRATIONAL EXUBERANCE IN NZ DOLLAR
10:05 25Oct2005 RTRS-NZ FINMIN SAYS WOULD HOPE TO SEE GRADUAL DEPRECIATION IN NZ DOLLAR
10:05 25Oct2005 RTRS-NZ FINMIN SAYS SEES POSSIBILITY OF A HARD LANDING FOR NEW ZEALAND ECONOMY
10:05 25Oct2005 RTRS-NZ FINMIN SAYS CONTINUED TIGHT GOVT. FISCAL POLICY NEEDED TO COUNTER IMBALANCED ECONOMY
Hi Xerof
It seems to have had an impact aready ......long red candle on the 30 min. I have short orders in above and just below.
arco
Updating the Butterfly position.
The old blue box is working now as resistance and there is the Gann resistance calculation circa 7080, so I dont expect to see any break through that.
2 Butterflies now working back to back, and south bound move imminent IMO.
http://www.khalsaspad.com/files/102505_156.gif
arco
Here's a chart I created yesterday but didn't get time to post.
As you will know, the action has already entered the potential reversal area with a overnight high of 7063.
arco
http://www.khalsaspad.com/files/102505a_202.gif
The Majors new recruit only firing blanks Arco - will now have to rely on Gann's army at 80.
To be fair on NCO Cullen, he has managed to knock the tops of a few of the NZD crosses.
Xerof
One last meagre dash north for freedom perhaps and then Gann may take NZD's guts for garters....
.........starter short on at 7070 in case NZD has the power to get near the major defences.
arco - twiddling my thumbs [^]