John Kicklighter
Moderator

Hi John. You said in a tweet today "To the programmers out there, if you can make a strategy that uses our calendar to make trades; we can make you famous on Strategy Trader." Were you serious? If you have the tools and platform, I'm sure I could do it. I'm always looking for a challenge, esp. with Forex trading and programming. Let me know... :-)

Bryan
ProTradingTools -- Indicators for Stock Trading, Forex Trading, Technical Analysis, Strategy Testing

HI JOHN

I WANTED TO SUBSCRIBE TO YOUR ALERT RECOMMENDATIONS AND NEWS LETTER . COULD YOU PLEASE POINT ME IN THE RIGHT DIRECTION.

REGARDS

SIMON

Hello Waldo,

I believe you can submit an email to moderator@dailyfx.com and they can switch it back on.

-John

Right now our forum is too small to accommodate that style of thread generation. In allowing each person to create new threads at will, it becomes exponentially harder for the people we have policing to the site to do the jobs. It also creates too many dead end topics that are just left to stagnate which also tends to dampen the kinds of good conversations that we often see in the forum.

I do not know what is going to be done with the forum later down the line, but I have heard that they want to expand it and make it more user friendly.

i don't like the way the forum is set up, can't you do it like all other forums, that is new topic, new thread, rather than all topics bunched together

Paul,

Certainly the health of the agricultural sector of New Zealand has a strong impact on the country's economy; but for the currency market is probably means little.

When considering the market drivers for any currency, we first have to determine what is the most important factor for the market as a whole. Right now, safety of funds is paramount. In this respect, New Zealand and its markets are not considered a safe haven for international investors. Considering how thin the country's markets are, as well as the volatility of its economy and its returns, capital will flow out of the economy in times of panic. Even in good times, capital will only flow in if returns are high (which isn't necessarily guaranteed).

Long-term, it will always be the level of returns in New Zealand that will gauge its appeal from an international level. If risk is high, investors will liquidate and put their capital in something like US Treasuries - or at least into a country that has greater liquidity. If returns are high enough though, investors will brave the risk for the promise of a high payout. When markets are calm or rising, this level of return is essential. If investment is speculative, it will naturally go to the highest rate of return; and in passive markets, the balance between risk and reward will be more difficult to tilt.

Hi John,

I have been trading shorting the NZD for the last 12 months, it would be nice to think that my success has been due to judgement rather than luck but I would suggest the later. I work as a Private Banker in NZ and so I able to access infomation in regarding the performance and state of the NZ ecomony. I have noticed lately that within NZ the data has been very poor and there are trends going (mainly in the farming sector which is a core export revenue stream for NZ) down hill quickly, yet this seems to have little or no impact on the currency movement. My long winded question is in your opinion how much attention do overseas traders pay to infomation released in NZ. Your thoughts would be much appreciated.

I think you have a really good call on the AUDJPY. This pair has a REAL respect for the 34SMA and if you check the daily you will see that it is potentially ready to junp long. Watch for a break above the 34SMA and go long on the first pullback to the line. Set your stop below 4hr 34SMA which is now around 60.5. Add to position on further advances when price pulls back to the daily 34SMA. Remember to raise your stop too.

I think you could then reasonably target the daily 200SMA which is now at a healthy 86.5!!
Steve

David,

It is important to remember that the FX market doesn't actually close over the weekend; it is just illiquid and trading conditions (spreads, volatility, etc) are very difficult to trade. Therefore, open positions are open to more risk than just a single release that can trigger price action before the open.

However, I understand that your question is about orders. When placing limit (stop loss) orders, they are typically 'at best.' This means that if there is a gap, you will be taken out at the prevailing, executable price that the pair trades at after passing your limit or stop.

Obviously, you would rather be stopped or hit your target exactly at the level you placed them, but it is better than missing your stop and it running without your noticing until it's margin called. This is the way the market works though and we have to pay some price for automation.

With all this in mind, I have to say that this is an unwise strategy. I have actually had an intern in the past that refused to see the impracticality of the strategy (even though I explained the entire thing out to him) and tried it anyway with a live account. He was margin called after the weekend.

john, if i placed a market order just before the close on friday, one order to go short and one order to go long, both potential trades would have stop loss trips on them to limit risk. If the news over the weekend prior to the open on sunday was so bad or good that one second after the market starts to move, not the fx trading station open, but prior to the fx trading station open, the price jumps or drops 200pips in a split second, will my order depending on the price movement get triggered or could it gap??