REPOST : Still in this beauty....230 pips and counting
Okay so when you have a plan for the trade and it plays out 90% of how your view was, this is the power of trading .
Now alot of you might be saying its 230 pips big deal... It was and still is stress free pips .
RBNZ were neutral to dovish on there statement, and with DT- Trump getting all hot and bothered on a geopolitical level, people are flocking to the safe haven currency (JPY) .
I believe our next key levels are 79.50 then 79.00 however were not going to get greedy so we will be taking half our position off now and letting the rest ride .
Stop moved to 80.50 so if the mood settles on the USD and Trump calms down, then we might have the buyers step in again .
For now keep calm and carry on .........
Aug 2
Okay so this has been on the radar for a while now and we could have entered days ago knowing this , however I wanted to wait for the NZ 0.00% Employment Q/Q results before entering, worth noting labour costs missed too,
NZ 0.00% figs missed considerably last night in the Asia session, you can see by the charts we have enjoyed a nice rally since April 0.94% against the JPY , this has also been held up recently due to Chinese data being good , with this being a commodity linked currency it will swing up and down as a result of this .
My view is this the rally is coming to an end, we have had 4 tops here, and it seems to have become the strong selling area/ Profit taking area .
So :
Going to start selling in slowly and the reason for this is, Oil 0.16% has dropped giving the USD/JPY 0.07% a little boost which will have an effect on our pair.
Entry @ MKT 82.30
Stop loss @ 84.50
TP1 @ 81.00 just above the 0.786 fib line
Happy trading guys ...
Aug 2
Comment: OIL CHART
snapshot
DXY CHART
snapshot
Aug 3
Trade active: Okay so overnight poor Chinese caixan data and the Aussie trade balance hasn't helped the NZD, but its helped our trade as there has been some noted safe haven plays ,
50 pips in profit right now , nothing to do but keep on trucking......
Happy trading people
Aug 4
Trade active: Right so we could lock in 50 pips here ,
Were going to lock in 30 pips , the reason being is we have Asia session data Monday for the NZD inflation expectations Q/Q , then the big finale of the RBNZ cash rate decision Wednesday 9/8/17 .
We will go into this over the weekend with our analysis , but feel they will be Jawboning the currency due to the appreciation this has had recently , so for this reason Im happy to put a stop loss in @ 82.00 and let it ride .
You have to be patient with this pair, as over all its not the fastest mover unless an event is on , so next week will see this pair bounce around .
Happy trading guys have a great weekend ......
Aug 9
Trade active: Okay guys we had to move our stop loss to break even when this was going against us for a short period , but I'm happy to say we have been in since
82.30
and this is working out lovely , still going to hold as we mentioned until post RBNZ meeting ,
Stop has been moved again to
81.30 to lock in 100 pips and let it ride
Happy trading guys
Now alot of you might be saying its 230 pips big deal... It was and still is stress free pips .
RBNZ were neutral to dovish on there statement, and with DT- Trump getting all hot and bothered on a geopolitical level, people are flocking to the safe haven currency (JPY) .
I believe our next key levels are 79.50 then 79.00 however were not going to get greedy so we will be taking half our position off now and letting the rest ride .
Stop moved to 80.50 so if the mood settles on the USD and Trump calms down, then we might have the buyers step in again .
For now keep calm and carry on .........
Aug 2
Okay so this has been on the radar for a while now and we could have entered days ago knowing this , however I wanted to wait for the NZ 0.00% Employment Q/Q results before entering, worth noting labour costs missed too,
NZ 0.00% figs missed considerably last night in the Asia session, you can see by the charts we have enjoyed a nice rally since April 0.94% against the JPY , this has also been held up recently due to Chinese data being good , with this being a commodity linked currency it will swing up and down as a result of this .
My view is this the rally is coming to an end, we have had 4 tops here, and it seems to have become the strong selling area/ Profit taking area .
So :
Going to start selling in slowly and the reason for this is, Oil 0.16% has dropped giving the USD/JPY 0.07% a little boost which will have an effect on our pair.
Entry @ MKT 82.30
Stop loss @ 84.50
TP1 @ 81.00 just above the 0.786 fib line
Happy trading guys ...
Aug 2
Comment: OIL CHART
snapshot
DXY CHART
snapshot
Aug 3
Trade active: Okay so overnight poor Chinese caixan data and the Aussie trade balance hasn't helped the NZD, but its helped our trade as there has been some noted safe haven plays ,
50 pips in profit right now , nothing to do but keep on trucking......
Happy trading people
Aug 4
Trade active: Right so we could lock in 50 pips here ,
Were going to lock in 30 pips , the reason being is we have Asia session data Monday for the NZD inflation expectations Q/Q , then the big finale of the RBNZ cash rate decision Wednesday 9/8/17 .
We will go into this over the weekend with our analysis , but feel they will be Jawboning the currency due to the appreciation this has had recently , so for this reason Im happy to put a stop loss in @ 82.00 and let it ride .
You have to be patient with this pair, as over all its not the fastest mover unless an event is on , so next week will see this pair bounce around .
Happy trading guys have a great weekend ......
Aug 9
Trade active: Okay guys we had to move our stop loss to break even when this was going against us for a short period , but I'm happy to say we have been in since
82.30
and this is working out lovely , still going to hold as we mentioned until post RBNZ meeting ,
Stop has been moved again to
81.30 to lock in 100 pips and let it ride
Happy trading guys
Note
Okay so this has magnated towards the zone we were predicting , I reckon the price has jumped due to some profit taking on the shorts, we are still eyeing up 79.00 so nothing to do other than move our stop to 80.00
TP @ 79.00
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Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.