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Old 07-04-2006, 12:10   #1
trendfriend
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any idea where goes NZD/USD?

Anyone got ideas bout NZDUSD? Been good shorting in March but has bounced off ~0.60 a couple of times. Spot price now above fast moving average. I'm kinda new to this would appreciate advice. Thanks.
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Old 08-04-2006, 01:28   #2
ampris2000
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Re: any idea where goes NZD/USD?

just whittle yourself down the timeframes.

look at the monthly note support resistances then the weekly daily 4 hour etc. until you reach your desired time frame.

i go down to the 30 minute myself. once i have a good trade on the 30 minute i continue to work back up to the higher time frames to see if the 30 minute turns into a 1 hour trend a 4 hour trend on up.
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