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NZD/CAD - New Zealand Dollar Canadian Dollar

Real-time Currencies
Currency in
CAD
Disclaimer
0.8374
-0.0002(-0.02%)
Real-time Data

NZD/CAD Discussions

Back in the pair, all! How goes... Finally took my TP on AUD/USD... Have I mentioned I hate that pair? Oh well, hurricanes & NK war threats aren\'t my bag for USD.... although I won\'t completely rule it out. I sense a USD burst in the next few months... however, I don\'t think I\'ll be a part of it.\nTrading NZD/CAD & CAD/CHF for the next 3-12 weeks.\nMy analysis on the weekly tells me 0.9327 for NZD/CAD on, or around Feb 16th, with possible retraces to 0.8757 during this process, so make sure you place additional potential orders to kick in for that possibility, and make sure you can sustain those losses as you wait for your direction to turn. Remember, retraces and watching equity decline isn\'t fun, but that\'s not the point...the point is having the equity to trigger more orders if and when things go wrong, and being able to stay in the game until your TP\'s are hit. Of course, I am a longer-term trader, and willing to wait. Took me 6 weeks to make my 23% in AUD/USD. Have fun all!
 thanks for the feedback bro, just curious where did you set up your entry points for long?
My current entry points are at 0. 8897, .8835, .8783, .8738, .8641, .8540, and then between .8400- .8540, I have some larger orders, should it go that far, but I'm not expecting that. My lots are situated such as to endure quite a bit for correction.. I've been enjoying some good gains with CADCHF thus far, as well.. You can probably tell by my entries that I'm usually in for the long-haul, however, like I've always said, my advice is to collect any active trades that are 50% to your TP (if your TP's are all the same as I trade), and then reinstate those orders for double/triple dipping until you eventually collect your last half from 50%-100% your TP.. It's not exactly the most exciting way to trade for most, but the big hitters when things finally go my direction always outweigh any sideways, or losing trades for a full take-profit.. I hope this helps, and good luck!
Also, as I've said in the past, my Daily/weekly indicators are my best friend for longer-term trading. Not as exciting, as collecting a big check for the day, but my TP's are usually 3 weeks to 3 months. I've had as many as 50 open trades moving at once finally get to my targets, but I'm a big believer in the Daily/Weekly charts for my analysis .. As always, a pleasure, MrMoneybanks! =)
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