but it didnt get me anywhere coz b/e stop got hit lol
kind of looks like therres more life in the beast yet
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but it didnt get me anywhere coz b/e stop got hit lol
kind of looks like therres more life in the beast yet
I was confident - flying without a stop. [:0] + 6
Peat - IMO you shouldnt move a stop to b/e until you have circa 50 pips. At that point you can if you wish also sell half, placing the balance at b/e. Its a guaranteed no loss situation then because even if the stop is hit you still get 25 pips average.
arco
i just wanted to go to bed , and ensure it didnt go bad. (Aint got many pips left to lose) Euro was looking uppish, so there was always the chance of it heading north. Note the Herald today quotes dealers suggesting it will go to .72 and even Max thinks .71 or .712 as likely topsQuote:
quote:Originally posted by arco
Peat - IMO you shouldnt move a stop to b/e until you have circa 50 pips.
Certainly shows there is that possibility on the weekly.........
http://www.khalsaspad.com/files/102805w_200.gif
Morning all
Bit of a tussle going on round the trend tine circa 7020
Need this to break to continue new short, or its back up for another go at it maybe
Cheers
slam
Updating chart of 25th Quote - ...south bound move imminent ......
Here we see the nice fall over the past week giving circa 270 pips so far with more to come IMO.
GTA - arco
http://www.khalsaspad.com/files/110505butt_533.gif
[NZ WEEK AHEAD] Mkt whispers that Gov Bollard will execute an aggressive 50bps hike by year end in light of the recent job data, will be put to the test when REINZ releases its Oct House sales/price data sometime next wk, and Sept/Q3 retail trade data are released on Tues. After Bollard's constant preaching, the housing data will be high on the Gov's radar. Relief will only come from a substantial drop in sales and house price inflation, but we expect the c/bk to become even more frustrated on the day. Meanwhile median f/c's are centered on Sept retail sales correcting for Aug's 0.2% rise by slipping -0.5% on the mth, but with underlying pace to remain robust, and Q3 volumes to rise a solid 1.4% vs 1.3% in Q2.
i've closed out gone flat
Gentlemen, lay your bets....
I thought the blue formation held the most promise, but stumbled across the green formation in the wee small hours last night and now not entirely convinced. Squared up quite a few units I held from .6900,.6884,.6843 and 6817 at .6816 and will watch how this unfolds.
Any strong views out there? (I know the market seems extremely bearish, but......)
http://img398.imageshack.us/img398/7005/nzdusd7sm.png
Xerof
are you trying to be an economist ;)
the question is : will USD strength win out over hawkish Bollard?
On the one hand...I might be....
Well, flat now on Kiwi, and pleased I cut when I did.
I'm still in the bullish USD camp generally, but waiting for clearer signs at this stage in respect of the K1W1.
Xerof
ps, looking back at my second last chart posting 27/10, I got indecisive then too - about 24 hours before it collapsed[:o)][:o)]