Hi NZ Rugby no issues for me. I agree a retrace could be...

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grandcaruso

2,317 Posts.

18/02/15

16:44

Post #: 14778253
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Originally posted by nzrugby ↑

Hi GC,

thanks for replying. I'm wasn't meaning to pry, I'm curios to see how other people trade ...... and I admire how transparent you have been on your trades and the success you have had ... I'm always looking and learning.

Well the overnight dairy auction was good from a NZ farmers viewpoint but this hasn't impacted on the A/N (yet). http://www.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11403351

As you right full y pointed out GC it has had a rapid descent over the last couple of weeks. It would be typical for a bit of a retrace or breather at this point. (It doesn't happen very often for this pair to have a consecutive 6 day Advance / Decline) But how far back of a retrace is the question - hopefully it doesn't go past your stop GC - Is this stop placed at the 23% fib retracement?

I'm still picking parity before the end of April ... and then sometime after parity with confirmation I will be going long.

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Hi NZ Rugby no issues for me. I agree a retrace could be expected but I really go by fundamentals and I can't see much happening over the next few days which could push the Aussies high apart from the fact that the decline has been rapid. Next major data release which will affect the currency is the NZ CPI coming out next Tuesday. Momentum is therefore on the downside although I'll want it to change in my favour before then. Yes your right re: the stop levels I use other sites to set the stop based on fib etc. Would like to say more but have to rush and finish preparations on my property expecting 300mmls of rain tomorrow.

Price at posting: 1.3256 Sentiment: None Disclosure: Not Held
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