That's funny. Maybe they are going to peg their currency to the Aussie.

Why is NZD so strong??

You're just figuring this out? image he does have pretty charts though. As I pointed out take a simple 10 & 20 ema on a day chart. It has been 3 months since they have crossed. And has been pointed out to me on a month chart it has been five years ...

USDCAD trend reversal?

8110 today. Thought it would take at least another day or two.

Why is NZD so strong??

I'm long EUR/JPY also. I took it @ 168.61 looking for 168.93. SL @168.37 It seems to to be whip sawing all over the place right now. I messed up my AUD/JPY. only got 20 pips when I could have got 50. Oh well My mistake. I moved my stop loss up too ...

The Mistake Journal: Lost some Pips? wanna talk about it?

Good question. Maybe Cullen & gov buddies are high. image It seems like all they do is complain about how high their currency is & what will they do next week? Probably raise the rates again. Like Burger says, nows the time to buy. Probably by ...

Why is NZD so strong??

heres an interesting statement from Cullen. I got this from Daliy fx In the end, the NZ Dominion Post reports for Friday"s paper that Cullen has now admitted that he was he was aiming to unsettle the "Japanese housewives" by talking down the dollar, ...

Why is NZD so strong??

Ah. I would guess sub prime worries is the biggest factor myself. Karmostaji has it right. Be patient. Go with the flow. Take little bites. 10 20 pips at a time. Once sub prime shakes out with a clearer picture I believe it will sort itself out.

Is this going to be permanent? It has been weeks!

Seems like good advice to me. Waiting for a dip to around 7890/7900 on the way to 8000.

Why is NZD so strong??

I really like the title to your thread here. Judging by my trading it may fill up fast. Haha I lost 23 pips on Tuesday EUR/USD. Sad thing was on Wednesday it did the move I thought it would. Lots of mixed news the last two days. CAD was very wipsaw ...

The Mistake Journal: Lost some Pips? wanna talk about it?

Which pair are you talking about. NZD/USD?

Is this going to be permanent? It has been weeks!

I use/am still learning a system that is quite similar to what you are doing. It is based on PP support & resistance. I use some different indicators. I'm still learning it myself so i don't really want to say much, until I get better, but I will ...

Pivot Point with Money Management Strategy

Well I missed the last two entries I could have had to take this long. Wasn't around when they happened. It seems to have settled around 7910-20 for now. Maybe it will settle here & I can grab another entry for the 8000 hit. Only 75 pips away as I ...

Why is NZD so strong??

I would guess oil. Up over $74 & rising.

USDCAD trend reversal?

Kind of funny. After three months now it is sell sell sell. Hmm. Bad US news later this morning I think will drive it past 0450. I'm going to wait & see. Sell a bounce.

USDCAD trend reversal?

Hmm. Me=1 Iceberg=2 Well maybe I'm trying too push this. You know I have seen talk about this going to 8000, & maybe this is the case. We had three days retracement & a big push up today. The dollar is awfully weak. Assuming no surprise rate hike by ...

Why is NZD so strong??

SL @7780. I'm at the high of the previous 4 hr candle. This is a bit larger stop loss than I usually use but it is very choppy. So far the housewife's haven't bailed it out yet. Well see how the next opening goes. I may tighten this up a bit. This ...

Why is NZD so strong??

This is a very good point, and BOJ could really helps out if they did that, which they won't, but ice bergs do melt. However unlike our good captain I am well aware of the iceberg, & I think fundamentals will ultimately will out. Like I said though, ...

Why is NZD so strong??

Fundamentally I don't think NZ can support rate this high & is only this high because of carry trades and general dollar weakness. I know this is against a very strong trend, but 7800 seems to be a pretty good resistance now and 7830 after that ...

Why is NZD so strong??

Well the bounce of 7750 seems done. I'm short @ 7746

Why is NZD so strong??

Hmm. went to the store when it was 7773 and get home at 7753. Guess I missed my entry. Guess I was really a day early. I thought it might bounce of 7770 before it went further. So now 7750 mark. I would think it might bounce off here for a bit. See ...

Why is NZD so strong??