UPDATE: Closed my trade with 102 pips! 
Such a good start for the week. Haha. 
Now I’m feeling more pumped! 
Gonna watch my charts for now and see whether price will really start to move the other way.
2 Likes
Well would you look at that! Haha. 
The red candle has now become green. I guess it was really a good call to close the thread earlier. 
1 Like
nice trade! you stay grabbing hugeee pips lol you’ll be good when you go LIVE. But NZD has some heavy news this week, I’m thinking it will continue down, but let’s see what happens throughout the week
2 Likes
Good moooorning guys! Today, I start (for the nth time) my weightloss journey. 
Haha. So I woke up early to prepare a healthy breakfast, and decided to go online and check on my charts to see if there are any promising trades I could take. Haha.
How are you guys doing? Good luck to us today!
2 Likes
Thanks @justshell! Haha. Well, I try to grab as much as I could, but I still miss out on a lot of good positions. 
I saw that you’re doing great yourself! Haha. Good luck to us this week! And I’ll be anticipating this NZD events in case I decide to open a new trade.
2 Likes
Although the green candle from yesterday went back to being red, today’s candle is looking pretty bullish. 
Since I decided to tighten my stop, I would’ve gotten stopped out if I wasn’t able to exit my trade last night. I’ll probably wait a while before I go in again.
How about you guys? Any open trades?
1 Like
No prob! and yea, things get easier day by day. But, NZD is looking bullish right now,NZDJPY is looking nice right about now
2 Likes
Oh boy! 
Have you seen that recent huge red candle? I was planning to go long since it was still a green candle when I checked it out this morning. I came back to open a trade and BOOM Wow. Good thing I haven’t gone in yet!
Good morning guuuuys! Rainy morning from the Philippines. I still have a cold, but I’m feeling so much better now. Haha. I hope you guys stay healthy! (It’s also my fault for skipping on my vitamins. Haha. )
Anyway, did you guys see that HUGE RED CANDLE for NZDCAD? 
I need to know more about it so I’ll probably scour the net and the forums to find out what happened with that. 
Good luck to us today!
1 Like
@ria_rose Hi Ria, good to see you are still here 
The RBNZ cut the interest rate and it proved a surprise, hence the big NZD drop:
Also, there is a strong correlation between dairy prices and the Kiwi Dollar: your chart starts from the beginning of May, and if you look at the Global Dairy Trade auctions (held every two weeks in Auckland, NZ) since the.second half.of May you will see a lot of negative results:
(See: GDT Events Results » GlobalDairyTrade )
The last thing to look at is dry milk (powdered milk) futures quotes, from CME, as NZ is a massive exporter of dry milk to China (to make baby milk):
In this screenshot from May onward, it is almost impossible not to notice the strong resemblance to the NZD chart that you posted, with the added information of real volume (bars at the bottom of the chart) showing intense selling matched by strong down-trending.
The source was the 2019 September-expiry non-fat dry milk CME Futures contracts, which you can find here:
I hope that this will help you a little bit
PipMeHappy
3 Likes
Thank you so much for these @PipMeHappy! Yeah it’s been a while since we last got to talk, but I’m super happy you dropped by! How are youuuu? 
I kinda had an idea about the interest rates cause I read some articles about it, but I absolutely didn’t know about this. 
I think I might need to check these other commodities out if I wanna know more about trading the kiwi. Thanks again!
1 Like
It’s another rainy morning from the Philippines! Haha. Hi guys. I know I’ve been quiet right after the dip in NZD, but I really meant it when I said that I felt like it was best for me to stay away from the markets right now. I feel like for experienced traders, they’d be able to manage a lot of potentially good setups for the recent events, but I’m not sure I’m there yet. Haha.
But as I’ve been told by my friends here before, sometimes, not taking a trade is the best trade. Haha. But for you guys who have open positions, good luuuck! I hope you grab lots of pips!
2 Likes
Just checked out my NZDCAD chart and for me, it’s still pretty unpredictable.
Might really be best to get back to opening new positions next week. But at least, we got a win this week too! Haha. Yay for the small victories.
1 Like
@ria_rose You are welcome!
I made a few vids about NZD here:
They are 3-4 years old now, but maybe some/part of them may be useful.
1 Like
Agreed, staying away from trading is hard, especially if you are trying to grow a small account.
1 Like
Wooow. These are a lot of (surely helpful) videos PipMeHappy! I’ll look for the ones on NZD over the weekend and maybe I could also check out the others once I’m done. Thank youuuu!
1 Like
Yeah. There’s this feeling that you’re missing out. And I used to hate it. But I’ve come to terms with it now. I’d rather skip a few trades than blow up my account due to my urge to open positions during choppy times. Haha.
1 Like
@ria_rose You are welcome…I am not sure which one talks about the global dairy trade auctions…
Anyway, now you know!
1 Like
I just posted something about Kiwi trading
on the main Trading Discussion forum, @ria_rose, which you may find useful.
PipMeHappy
1 Like
Happy happy Thursday everyone! Haha. I’ve been gone for a few days and I now have lots of notifications! Haha. I missed you guys too. How are you all doing?
I’m suuuper proud to share that I’ve been going to the gym lately. HAHA. I’m trying to really live a happy and healthy life. Any tips for that? Haha. Anyway, I’ll also go to the gym today in a few hours. BUT I’ll definitely be back and update you guys!
Good luck to us for what’s left of the week!
2 Likes