Today's Trade: Thursday 03 October

Jarratt Davis

Special Consultant to the FPA
Messages
1,495
After hawkish comments from the RBNZ overnight about raising interest rates, look for buying opportunities on the NZD/USD during today's London session.
 
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enova

Recruit
Messages
1
After hawkish comments from the RBNZ overnight about raising interest rates, look for buying opportunities on the NZD/USD during today's London session.
Hi what time frame are you looking at?
 
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Jarratt Davis

Special Consultant to the FPA
Messages
1,495
I thought we re gonna get the entry criteria?

cheers
Hi Oraclefusions,

I do try and post exact levels when I can but a lot of the time I will enter or not enter based on how the price is moving and what is happening news wise in real time.

This makes it difficult to select a fixed level that will be relevant over the next 12 hours or so. When I see something really good though I will be sure to point it out :)

J
 
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Jarratt Davis

Special Consultant to the FPA
Messages
1,495
Hi what time frame are you looking at?
Hi Enova,

When I am day trading I generally look at the 5 or 15 minute charts but my bias comes from the sentiment and fundamentals, not the charts.

Hope this helps, but if you have any more questions, please feel free to type them in!

J
 
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yetiman

Private
Messages
19
Hi Jarratt,
there is a tripple top at 0.8340 on the 4h chart is this a good target area to take profit or enter long when price breaks this level?
cheers Brian
 

squidge42

Corporal
Messages
140
Hi Jarratt;

Thanks for sharing your insights.

A quick general question for you. Taking Friday's NFP - The predicted is greater than the previous, I understand that the Market will price this in generally and we can expect the dollar to get stronger (in this case) leading up to consolidation prior to the announcement. When does this generally happen? Would it have already happened or is it something we can look to trade in the next day or so?

Many thanks
Simon
 

squidge42

Corporal
Messages
140
Just after the release of the news I know! But let Jarratt clarify...
thanks but not what I meant, I'm talking about pre news price movements...the market pricing in the predicted figures, not the price action after the news when there's a deviation from the predicted
 

Jarratt Davis

Special Consultant to the FPA
Messages
1,495
Hi Jarratt,
there is a tripple top at 0.8340 on the 4h chart is this a good target area to take profit or enter long when price breaks this level?
cheers Brian

Hi Brian,

That is a solid area of resistance for sure, so you could certainly use it as a target area.

You could trade a break out, and I sometimes do just that but generally I do prefer to buy the dips as it gives you a better chance of not going through draw down periods while you wait for the trade to play out etc...

Hope this helps!

J
 
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