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newbegger replied Jul 17, 2016Oh, bother. That's not a month to month but a quarter to quarter. So even sustained .4% won't get them to 2% per year. 70 pip drop makes sense. Still, I am sidelined after getting stopped out on longs. Waiting to exhale when the Fedspeak resumes, ...
NZD/USD
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newbegger replied Jul 17, 2016down over 70 pips on miss of CPI from .5% to .4%. A miss is a miss but the reality is a sustained .4% would produce inflation close to 5% per year. Not going to trade this pair as fundamentals and technicals are at odds. There will be some wild ...
NZD/USD
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newbegger replied Jul 12, 2016No fibs on the daily but you can see .7310 area is a level of interest
NZD/USD
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newbegger replied Jul 12, 2016Seems like .7310 area is some serious resistance. I posted a weekly to show no fibs here. But on daily and 4 hr you can see it, solid like a brick wall.
NZD/USD
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newbegger replied Jul 7, 2016About what I expected. We should settle down into the .7170 area for NFP. Covered longs and now short into London close. Will cover scalp shorts after the close or .7180 whatever is first
NZD/USD
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newbegger replied Jul 5, 2016Also watching the carnage in the sterling today, lots of buying USD and JPY... .6900? Maybe?
NZD/USD
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newbegger replied Jul 5, 2016Looks like .7250 area for resistance and support in the .7000 going to be the range until NFP. Anybody got an opinion on the NFP? Good, Bad, or Ugly? Attached Image
NZD/USD
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newbegger replied Jul 4, 2016Does not look like London traders are gunning for stops so for now resistance will remain. Wait and see for tomorrow
NZD/USD
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newbegger replied Jul 1, 2016Looking at this chart, I think we will encounter some resistance around .7250-.7270 area. Have to watch it when price gets here. If it blows through on Monday while the US traders are on holiday, this will become support instead of resistance and ...
NZD/USD
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newbegger replied Jun 27, 2016This is how fortunes are made. You keep selling rallies and I will keep buying dips into the end of the year.
This way, we can work as a team and both can make money. You selling the tops and I will buy the bottoms and no worries on ...NZD/USD
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newbegger replied Jun 23, 2016Looks like the vote going against what was priced. The mad rush into USD and JPY has begun. This is the reason I got out of all positions, not a gambler anymore. I suspect even if the remain vote wins, the margin calls and stop runs will continue ...
NZD/USD
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newbegger commented Jun 23, 2016The people who cast the votes decide nothing. The people who count the votes decide everything.
The day of reckoning has finally arrived as UK voters head to the Brexit referendum polling...
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newbegger replied Jun 23, 2016I will resume trading after vote tonight if UK votes to stay in EU which is already priced in. If UK votes to leave the EU, I will wait until the boards are cleared as there will be a lot of upward pressure on USD and JPY currencies but will be ...
who's trading during the United Kingdom EU Referendum
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newbegger replied Jun 23, 2016Cruising along now, should be good ride until the .75 area. I covered longs yesterday because of the EU Referendum vote and the uncertainty. A remain vote is already priced in so I won't have to wait if UK remains in EU, just jump back into the ...
NZD/USD
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newbegger commented Jun 18, 2016Maybe I am uninformed but I fail to see why Brexit or Bremain will have any significance to the markets. There is no common currency, there is no borders, and the markets are different (Frankfort and London). And the EU and UK don't even drive on ...
What Anxiety Over Brexit Tells Us About the Markets
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newbegger replied Jun 10, 2016image We are in the area for longs but U see no reason to put on a trade over the weekend. Will revisit it after the Tokyo channel sets up Monday morn
NZD/USD
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newbegger replied Jun 9, 2016This question may have multiple answers. I like to see what excuses, other than self discipline, people can conjure up?
If you haven't made it yet, what makes you think you will?
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newbegger replied Jun 9, 2016I had shorts in on .7050 that stopped out. I don't have conviction for counter trend on this pair waiting to get long at .7050 if seen. Will hold long term
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newbegger replied Jun 9, 2016Anybody who takes a long position at this time needs the market to teach them a lesson. It's good for them to lose their money chasing the moonshot.
NZD/USD