Bought another 1m NZD sold Yen at 54.50 thus making position long 2m NZD short JPY at an average of 56.10.
Review levels 53.00 and 60.00
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A totally irrelevant view of markets, life, the universe and everything in between.
About Me
- Kiwi Trader
- This blog is about sharing my market trades, as it helps the decision making to write about it first. It will be a bit of market analysis, a bit of trading, a lot of blonde watching, and if I get time, a bit of an opinion on stuff topical at the time....
4 comments:
with me dude, to buy and sell yen after is too late takes about six weeks to get past the banker system,
set up foreign currency accounts,
I look at the market and it gets silly,
I'm back to banking on NZ, I think it will get better,
I think our currency will rise from here on partly because of good conservative government.
Peter I completely agree...just looking for a good level to get back in now.
On daily chart, nzd/jpy formed a head-shoulders pattern. What if the market make a breakdown through the neck line? Seems a little early to make the long commitment.
All good points. I have frozen the trade for now, and will watch how low we drop, and look to reopen in the low 50.00 area if we see it.
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