What time scale are you trading on? The daily swings in EUR/NOK last couple of days are enormous. Low pip value, but still.Originally Posted by ;
What time scale are you trading on? The daily swings in EUR/NOK last couple of days are enormous. Low pip value, but still.Originally Posted by ;
Daily, but I keep a watch out for 3h for powerful SR zones also.Originally Posted by ;
I don't let profit become a looser. Bag the profit! Better for my own nerves.
That I´m trying to short again soon
Had been watching the USD/NOK over the past couple of days awaiting a brief. But doesn't look like it's developing into a brief position if it breaks through the resistance.
Originally Posted by ;
1 Attachment(s)seeking to short usd/nok myself. Have a look at the attached study and provide me your feedback on it. Moving to send some feedback over to the dailyfx team.Originally Posted by ;
https://www.nigeriaforextrading.com/...000-month.html
I concur that 6.60 and is a strong S/R zone. 6.25/6.30 is a strong S/R zone. Any movement around those areas will activate buy/sell.Originally Posted by ;
I´m not a particular fan of fashion lines... a Supply and Demand man. Supply and Demand can produce trendlines and channels however.
Hi all
I´m a Forex Newbie but I´m considering chances of going brief USDNOK, especially about hearing a recommendation Bloomberg
The roll over rate looks good (or 'interest' as I use Oanda) and appears to be at a nice downtrend on the daily. Any thoughts/advice? And any information as eco info's ideal source on Norway, especially their stimulus?
Cheers
Hertz
Check out the 15 year history for USDNOK here: http://www.findata.co.nz/Markets/Sto...REX/USDNOK.htmOriginally Posted by ;
Norwegian numbers are really strong, and Norway will probably boost the key policy rate this fall, so there are a good chance of a more powerful NOK. Nearly all of the NOK strength could be discovered so keep an eye on the US Dollar Index also. (See picture, Dollar Index in crimson, or go to: http://www.netdania.com/Products/liv...rtStation.aspx)
Greatest source of Norwegian important figures: http://www.ssb.no/english/ .
Information concerning the fiscal stimulus: http://statsbudsjettet.dep.no/Tiltak...pid=30607#hopp
My own opinion would be to await the USDNOK to go up, and ride the downward trend again.
(From Norway )
All much appreciated esp submitting the chart. I´ll check those links. Thanks again