Rocketman
Long

AUDNZD Working out as Planned

FX:AUDNZD   Australian Dollar/New Zealand Dollar
108 5 5
3 months ago
If I am wrong on my NZD speculation.. then it will be a loss of $70. If I win...then, I will win three or four times that much. I like those odds!
3 months ago
Comment: Tomorrow's Aussie GDP and Trade balance.... look very terrible now. I expect the negative GDT Milk Price Index NZD data to balance this negative effect in the Aussie Data. Why? Because Aussie is still good fundamentally. We dipped to recession territory. I look to today's interest rate decision in the Australian central bank for guidance. My stops may be hit, but at least I will know what to do next. Everything goes as planned, then money will be rolling in.
3 months ago
Comment:
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3 months ago
Comment:
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3 months ago
Comment: AUDNZD has actually reached a point where I would normally take a profit, but this move has not ended yet. The rate decision is coming in about 2 hours.
3 months ago
Comment: Australia's data is behind us. I am happy with the results so far and what the central bank has said because it gives much clarity about what they like and are expecting. Now, the problem at this point is the GDT Price Index for New Zealand (https://www.globaldairytrade.info/en/product-results/) . WE DO NOT KNOW what it shall be! What will help the move in AUDNZD to go up is for the GDT price index to come out bad. I DO expect it to be not as good as before, that is why I took this trade in the long direction in the first place. This is the reason why I am still holding it.

If the index comes out good, then I will be stopped out NZDUSD and the AUDNZD trade will go sour. I will lose my $35 in both trades, which is something I am prepared for.
3 months ago
Comment: News from the New Zealand Herald: http://m.nzherald.co.nz/business/news/article.cfm?c_id=3&objectid=11703875
3 months ago
Trade active: PERFECT SET UP:
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FrankyFitz
3 months ago
do you have any advice now, after the rate decision? still bullish?
Reply
Rocketman PRO FrankyFitz
3 months ago
Yes, still moderately bullish on Australia as a whole now that I know what to expect from the central bank of AU ad what thy are looking for. I will keep an eye on those things. If you are referring only to AUDNZD, then yes, I am still in this trade. Now, what I am waiting for now is New Zealand's GDT Milk Price index that is coming out TODAY (Tuesday). This i the culprit that will make or break the AUDNZD. Australia's data has passed for now.

We need the GDT Milk Price Index to be bad. No one really knows about this one: https://www.globaldairytrade.info/en/product-results/
Reply
FrankyFitz Rocketman
3 months ago
Thank you for your time and the advice!
Reply
Rocketman PRO FrankyFitz
3 months ago
https://wbponline.com/EconomicCalendar This is a great economic calendar. :)
Reply
FrankyFitz Rocketman
3 months ago
awesome, i will check it
Reply
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