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Switched to all NZD longs

AdamFx42 Posted 5 July in #Trader's blog #Positioning #NZD Long

I have switched my positions to all Nzd crosses, all long

I was long Aud and Nzd crosses yesterday
My Aud positions were not doing that well and I decided to close them
Nzd seems pretty strong though, so I kept my Nzd longs
In have a few Nzd crosses in the green now,
and have added a GbpNzd short which is doing alright too
I also have a sell limit EurNzd waiting

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Buying retracement AUD and NZD

AdamFx42 Posted 8 June in #Trader's blog #Support #Retracement #Positioning

I am buying Aud crosses today after some good retracement

AudUsd and other Aud crosses have had quite a heavy retracement today
If I look at a longer term prediction and support levels
I have found a couple of good points to buy some crosses
Also found a good point to buy NzdChf
I will be carefull to carry a couple trades through the weekend
without getting stopped out due to margin requirements

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Chinese data release tonight

AdamFx42 Posted 18 Jan. in #Trader's blog #Gdp #Positioning #Chinese Data

Tonight sees the release of Chinese GDP and production over Q4
The Chinese data release tonight is something that could influence the markets
Traders believe the risk is to the downside - meaning the data should come in soft
Positioning over the markets has therefore been selling the commodity currencies
This means that Aud and Nzd have been sold, and are low
I tend to buy Aud and Nzd tonight, and if the data release is better than expected,
we should see the Aud and Nzd go up
gl all

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Difficult to find last minute entry points long USD

AdamFx42 Posted 16 Dec. in #Trader's blog #Positioning #Fed Interest Rate Decision #USD Long

I will be trying to find a good spot to go long Usd before the rate rise today
It will be important to read the market mechanics well today
to see if there are more traders coming in long Usd before the Fed interest rate decision
The technicals call for Usd/Jpy taking out previous highs above 125
This is the US does indeed raise the rate and indicates another rise early next year
I must remind everyone - the rise is no certainty - trade with caution
I will be looking for some surprise in Eur - a…

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Looking to sell against the Yen - crazy, or not?

AdamFx42 Posted 2 Nov. in #Trader's blog #Technicals #Reversal #Major Pairs #Weakness #Pullback #Corrections #Positioning

When the markets open tonight I will be looking for an opportunity to sell one or more currencies
against the Yen - meaning I will be looking to go short Gbp/Jpy, or short Eur/Jpy, Aud/Jpy, Nzd/Jpy etc.
Am I crazy doing this - with all this Usd strength around, and Usd/Jpy sky-rocketing,
the Japan economic easing - weakening their currency ...
you would certainly think that I have lost it, but look at it this way:
Remember a couple of years ago when US QE was the big news,
everyone was looking t…

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AdamFx42's Blog

Switched to all NZD longs

Buying retracement AUD and NZD

Chinese data release tonight

Difficult to find last minute entry points long USD

Looking to sell against the Yen - crazy, or not?