hhmmm thats how you fill your time , well how about this one
http://www.youtube.com/watch?v=-prfAENSh2k
Printable View
hhmmm thats how you fill your time , well how about this one
http://www.youtube.com/watch?v=-prfAENSh2k
Nice - safer than trying to catch falling knives......
Long lost Xerof
Welcome Back Xerof
arco
Does anyone have an explanation why there was a big spike in the currency graphs this morning. I thought it may have been just the NB graphs but it appears on NZ Forex as well. The top of the spike is not a logical value but because of it the graph for the rest of the day is very flat.
http://www.nationalbank.co.nz/econom...nge/nzdtwi.htm
777
On Oanda the charts looks OK. There was a move up to fib 618 of
yesterdays NZD.USD down move but it was over a 5 hour period.
rgds - arco
Fed dropped their discount rate
I really was watching the Dow using 2 min candles and it jumped 300 points !
Thank you Arco for your reply. It was a big day for currency on Friday and the graph looked a bit odd to me.
some of you may know the theory that I have worked with from a book called , Fibonacci Applications and Strategies for Traders by Robert Fischer. Essentially it states that retracements from fib extns are tradeable back to the previous fib level. It worked beautifully on the DOW this morning on a 5 minute candle timeframe giving 50 or more points.
http://img403.imageshack.us/img403/4...1082007og6.jpg
Shot at 2007-08-20
and here in the other direction it went thru the 261 a bit, hit the 100 from the previous graph and bounced strongly , the green candle was the signal in at 13053 out at 13079. a smaller movement this time but hey pips is pips.
http://img441.imageshack.us/img441/6...2007re8.th.jpg
DO any of you huys do the carry trade?
Its looks pretty attractive.
The US guys have bailed but the Japanese retail market will probably see it as a good opportunity to buy in cheap.
I read that there were $3.5b Uridashi maturing this month, from the upwards currency move its doesn't look like its unravelling.
Short yen long Aussie may be safer as the Aussie economy is a little more stable the NZ?
Any thoughts?