Inside the Currency Market: Trade Recommendation #13 NZD/USD and #14 NZD/JPY

Trade Rec 13 Long NZD/USD 0.8100 Target = 0.8153, + 53

Mathematical Stops, Benchmarks= 0.8118, 0.8123, 0.8148

Trade Rec #14 Sell NZD/JPY 65.83, Target= 65.05, + 78

Mathematical Stops, Benchmarks = 65.74, 65.62, 65.36,

This is an educational exercise, please manage your own trades as to your own comfort levels. My trades are live here.

11 trades closed since Oct 25, + 900. 1 Trade ongoing.

8 members like this

Comment by Oasis on November 16, 2012 at 1:48am: Trust that all the faithful are aboard. Good Luck and thanks Brian

Comment by Jim Mathis on November 16, 2012 at 2:15am: awesome Brian love your nzdusd trade I am already in at 80835 yes looks ugly I know

on the 15 min if gets through 8127-32 res zone (and not saying it will)

seems would make more no near term structure before 70's at any rate looks good

may take all night (hehe)

I am enjoying your thread

cheers

Comment by Oasis on November 16, 2012 at 2:25am: NZDUSD correlates pretty well with EURUSD most of the time. So likely that EU will rise further and take care of your pending trade too.

Comment by Brian Twomey on November 16, 2012 at 3:26am: Hi Oasis, exactly dead right. EU is on its way to 1.2850 with confirmation from NZD/USD and EJ and GBP/JPY should correct down with NZD/JPY

Comment by Brian Twomey on November 16, 2012 at 3:41am: Hi Jim, When you wrote NU and NJ earlier, I knew that was the next trades to diversify. Both are good trades and I know you like trading both. Always thank you my friend Jim, glad to see you are well

Comment by Deb Roy on November 16, 2012 at 5:56am: Hi Brian, As NZ and AU normally in sync, is it fair to assume that AU-USD can also go long? As a corollary?

Regards

Comment by Serg Шеховцов on November 16, 2012 at 6:36am: Brian? why you change your opinion about EU and go to .2850? 4 open position now?

Comment by Jim Mathis on November 16, 2012 at 6:54am: Brian and all have a great weekend just going to grab a few here n there before London

It has been a pleasure

have some great trades

Comment by Peter jcp on November 16, 2012 at 9:51am: Morning Brian - thanks for the next 3 forecasts. Not checked them all out yet - but have been selling the EU under 2780 and 2750 looking for supports lower to hold. Bearing that in mind would join you in a NU buy only over 8135 - as still think that need stronger supports to hold for a turn up.

Good Luck with your latest 3 - and although I know you will be very confident on reaching your targets - I think traders following might have to allow for up to 50 -100+ pip stops unless support/ resistance levels are found on them in next 2 hrs

Regards

Peter

Comment by Deb Roy on November 16, 2012 at 12:03pm: Hi Peter,

You are absolutely right. If one is confident of Brian's strategies and mathematical trades (which I'm getting inclined to), then it can provide a great guidance for any particular pair. For example, EUR. According to the forecast it's going to go up to 2850 and may be upto 2920. So what it means is one has to look for Price Action Setup at appropriate support level to go long for the EUR-USD.

Maybe one can watch for 2720 - 2735 area for a Price Action setup to go long. The forecast will act as a great direction.

Regards