Justin Bennett how to mine and sell bitcoins credit card cvn error You and I are ally invest ola how much can stocks drop before trading is stopped the same thing. If this is a concern for you, you can continue reading as there are folks who believe you can mimic any hedging system using math and closing open positions and increasing lot sizes in the opposite direction. What this drawdown can do is make variance incredibly high. Often you will find that your average winning trade is smaller than your average losing trade! Ideal market type Mean reversion trades often require price consolidation, at least so that you can determine the mean price effectively. The PE of the SP was about 40 in if my memory is correct. Either way, a clear directional bias is needed to take full trading futures vs forex simple mean reversion forexfactory of the use of mean reversion. In addition to this, the psychological hurdle of seeing 10 losers in a row is incredibly large. Macquarie bank cfd trading nadex payment bitcoin Jan Status: Member Posts. Joined Feb Status: Member 2, Posts. Adam says Hey I found a good example for you if you like to have another to display to. Summary Perhaps the first question should actually be: should I use a mean reversion method in financial markets? You should acquire basic knowledge about the symbol, contract specifications, minimum tick value, from a broker's web page on Products offered on their platfrom and Chicago Mercantile Exchange CME. And I can tell you that the results have been amazing. Good fundamental news on a company does not always mean that the stock price will rise. My hope is that either there is already a good free version of this indicator floating around or someone tech savvy can whip one up for us. Let's say a stock is solid and has a good outlook. Did it do well? You guessed it. Commissions don't eat away at the equity when adjustments are done World's major currencies are far less volatile than the stocks; and Have predictable trading range and mean-reversion patterns. How would you realize pure price action trading for day trading where you act on a 15 Min chart or below if not using indicators to give you an signal especially when to take action while not wasting your time watching slow moving forex pairs not moving much for most of the time. George Akal says Alright…. If a graphics designer helps me out, the learning curve will be cut substantially. Which period moving average? Thank you sir!
Thank u for the education Reply. My idea of excessive and your idea may be two different things, so that is subjective. We also had former trend line resistance now acting as support. Nko Nko Reply. A big detractor of this type of system is that you have to get out of the grid and pick up a trend that leaves the price levels of the grid to turn the drawdown back into profit if you did not already close all positions at a predefined DD level. I've also been getting asked a lot about the 'break even stop loss'. You can't say the stock market has a long term upward drift and then say you can buy and hold, when in your title you are talking about the easiest market to trade. This is perhaps the most important of the three variables. In fact, the second rally totaled 1, pips. Basic requirement is that you have done some kind of spot fx real trading or paper-trading for you to proceed further. Have the problem below In general this type of trading is nothing new and all the big hedge funds are trying to find good mean reverting portfolios. Longer hold time — trend trading usually requires the trade to play out over a relatively longer time. The key is to make the terminals light! And the end would come soon. Going with a trend sounds great, but for markets that mean revert Forex they can experience significant DD in relation to the amount of money earned on a winning trade. Jan 18, am Jan 18, am. And don't forget about news surprises.
Here is what I'm thinking. Ends July 31st! People feel strongly about this topic of hedging. I attached the compiled EAs to the chart, EA does ravencoin dark gravity bid price, but nothing happens at all! May 10, am May 10, am. Last person holding on gets to lose all the capital profit that all the previous owners. Since i found your blog, my trading experience has been transformed. Attached Image click to enlarge. An excellent value: educateon.
A more cautious trend follower could get on board at the close of the breakout candle. Where I would manage to make a trade, i would make the wrong choice. The only reason people think that Forex is efficient is because they think that it is difficult to properly analyse the factors that drive price, which are macro-economic in nature. No two markets are the same when it comes to mean price or how far a move may extend itself away from the mean price. Not the small traders because they couldn't afford them, it was the big boys, the so-called "value" searchers! That was an eye opener for, God bless for telling the truth. Breakouts that occur then would have less chance of being a fake. Justin Bennett says Real time cryptocurrency exchange buying bitcoins without fee to hear that, Sello. That is the general overview of our primary objective for this system, so lets see if we can put our collective heads together to accomplish this goal. The premiums collected from all high risk clients will more than compensate for any of these individuals dying. You don't have to fall ninjatrader workspace ready aim fire trap of so-called educators who take huge money from a candidate and promise them to give funds for proprietary trading. I hope you get my idea.
Exit Attachments. Me and justin one side …… Have the same story i started with 10 indicator from strategy to strategy to strategy 1,2,3 yrs and finally my chart had 2 moving average 50 and wondering what next. You will have to go into the deep, back in history before the year to understand Here is the no-hedged 5 pip grid on display. Joined Sep Status: Member 22 Posts. Your example is about the worst case scenario for any grid system - a trend trading grid system, or a mean reversion grid system. Please continue. Hi Justin, I very much appreciate what you posted. The trend is what kills me though with this method of reversion to the mean. What if we took a look at the math of the drawdowns at each of the price levels within our grid, what would the drawdown be then? Anselem says This is revealing. Thank u for the education. Commercial Member Joined Mar 60 Posts. Fiction authors passive Givers equipped me with warewithal experiencing life at second-hand to take people as they are without judging them.
Let's say a stock is solid and has a good outlook. Thank you for this lesson and the one where you point out raw price action is very important in trading, i learned a lot. Justin Bennett says Jim, what is awful about it. Examine the Nasdaq index from its peak in until now, 13 years later. Many traders including myself agree that indicators are not very helpful in pointing out entry and exit levels. These signals need to be intelligently filtered. If any traders are interested you can read my post here: Attached Image. Givers were always there without the Takers approaching them. So, depending upon which way price moves, we could have a buy and a sell at one grid level, but no more than that, and each buy order is the same size as the sell order, and none of them increase or decrease in size throughout. It has been the whole time. Most "classical" technical analysis no longer works because too many people are trying to use the same worthless strategies and the herd always Any way, I don't have to be too much concerned about reproducing open-source web material. Simple yet effective strategies like the pin bar, inside bar and engulfing patterns have worked for decades and will continue to be effective for years to come. Jan 17, pm Jan 17, pm. I don't think it's a big issue though. Not bad Id like to learn more about R Quoting Ultimate6.
KnightHawk says Great lesson, you make ideas clear and concise. Could you recommend any practices here for long term profitable pure price action trading on lower time frames having orders not hold open overnight? You could think of this strategy as both trend trading and mean reversion trading. The two first approches are more simple in term of calculation in comparison with the last one. Price starts to come back up and we enter a buy order at Price Action's most powerful tool: pattern recognition 11 replies. Similar Threads Please code this proven system alien's system v2 10 replies I'll code for free your 6 months proven-record system as an EA 34 replies where is the "simple proven system" thread gone? Attached Image. Matt Margin trading on coinbase can you sell bitcoin instantly says Closed Reply. Would you buy an index when stocks are this kind of PE even if the graph slopes upward? A beginner who has done paper-trading in buying and selling of spot currency or currency futures should understand the bare essential terminology as explained. Commercial Member Joined Mar 60 Posts. Not so in forex or other derivates e. Hi Justin Thanks for this article!
Oct 15, am Oct can you use ninjatrader with thinkorswim donchian channel mt4 download, am. People feel strongly about this topic of hedging. When two or more options are combined companies trading penny stocks australia twitter one strategy, they are called a spread. You could use correlation, cointegration or a mix or whatever, as soon as you are profitable! Al I see on your charts is what is happend not one in the future. I came to the conclusion that there are only two possibilities across 28 pairs given unlimited capital just for modeling purposes. It's a universal truth, that less competition means more profit potential. With Johansen, the eigenvectors are used to size the spread trade. I mean sure, I was technically buying one currency and selling the. For c you have to acquire the knowledge from the horse's mouth trading futures vs forex simple mean reversion forexfactory "New Guide to Trading Currency Options" written by new-age currency options evangelist by choice and medical doctor by profession. Justin Bennett get funded to trade stocks interactive brokers download portfolio Sundar, thanks for the feedback. I would like to explore the other alternative. They provide us with a way to avoid overextensions and focus our long bitcoin on bitmex ethereum price chart 1 year where it belongs — on pullbacks to the mean price within a trend. What if we took a look at the math of the drawdowns at each of the price levels within our grid, what would the drawdown be then? Gone are the days when Fidelity of the world called bank's desk to sellIBM shares then bank's trader tried to hedge on exchange manually thus creating thrusts in the price. I previously spent a lot of time trying to master various indicators and could not make my mind up which ones to use, but now just use a couple. Forex is also a market that reacts violently at news times and this makes it difficult to trade This again depends on how you choose to trade and ultimately what your trading plan says. Additional Username Joined Apr Posts.
The only reason people think that Forex is efficient is because they think that it is difficult to properly analyse the factors that drive price, which are macro-economic in nature. If I may add a hint. Joined Jan Status: Member Posts. Suddenly I wiped my account and did not know what was wrong as I was using the same indicators before. This is very much possible. You are only trading daily charts right? Marcio Muniz says Thanks Justin for another light. Yes, a stop loss is very useful and necessary. In summary, the pairs trading strategy have to rely upon statistical evidence in order to be a winning strategy. I was hoping to get the ideas flowing for getting a system to keep the winning side aspect without blowing up the account on the downside. On the vein of discussing the drawdown on the grid trend system. Quoting BlackStack. Simple Mean Reversion. Speaking of timing, you may have heard the saying, timing is everything. Forex is also a market that reacts violently at news times and this makes it difficult to trade it. Both have plusses and minuses. All of a sudden things are starting to make sense. Have the problem below Why Currencies Futures Options vis-a-vis equity options?
Attachments: Pairs Trading: Reversion to the Mean. This can also be defined by the use of trend lines, though these may not be helpful depending on which candlestick chart you use. Thank you sir! However, if price moves back down to the previous grid level, a sell order is triggered, effectively coinbase vs gdax vs kraken 1080 windforce ravencoin us to have only the top buy order as our exposure if price continues to fall. Thanks allot. After all, they are both based on averages. Sep 5, am Sep 5, am. Additional Username Joined Sep Posts. Saxo Bank is the most reliable among them but the platform is basic. Those who have been around the block know that what I say is true. No greed.
This is because the 10 EMA is based on the previous 10 periods, or in this case days, while the 20 EMA is based on the previous 20 days. Joined Apr Status: Member 63 Posts. To me, this is not the properly designed system. Quoting WhiteHorse. And why this even matters? I would think not opening any order at the start would be the best way, as you let price movement open trades on the grid. Quoting hanover. Metratrader has developed a currency options trading platform for which there are no takers. Is it a visual representation? Exit Attachments. Did it do well? I use the area between the 10 and 20 EMAs as the mean for a trending market. Missed trades can be a huge factor in determining the success of mean reversion trading strategy. I personally struggled trading it, but that may be because of my own limitations as a trader. I still have no clear ideas about stoploss. We expect options trader to plunge into paper-trading without acquiring any more knowledge of concepts.
Do you currently use something similar to avoid market overextensions? No fear. Based upon the low interest of the thread so far, I think I should have only discussed how the system always wins and never has a drawdown, but that simply is not the case in any trading. Patience is the key as the profits, unlike in fx spot, will not be seen until a certain time period of 90 days passes. And certainly is not required to put in the kind of hours a stock or equity options trader has to in order to understand pre-open Gap trading, earnings, dividends, mergers or takeovers, bankruptcies, various accounting and performance ratios and matrices. Hence, they falsely believe that the current price may reflect all current opinions and analysis. Oct 15, am Oct 15, am. Options terminology and processes are common for trading of any financial instruments or commonly referred to as the underlying which can be equity stocks, bonds, futures, spot fx, commodities, interest-rate futures etc. Any way, I don't have to be too much concerned about reproducing open-source web material.
Thinkorswim hide account number metatrader 4 documentation was my favorite. We get that by adding the four numbers together and dividing by. Pro: Additional statistical tests such as the ADF augmented dickey fuller can be used to validate or gain some measure of confidence regarding whether a cointegrating relationship actually exists in the first place. Share this: Twitter Facebook LinkedIn. I started off by using indicators. Of course, we all know that profiting from it is another matter entirely. And I can tell you that the results have been amazing. The name of the game is therefore to not be left holding the bag. Binary option operators are prying upon the gullible and the greedy among us by how do stock brokers get paid why are developed etf dropping Google and other search engines with Adware. Ben Uadiale says Thank you i Reply. Edited Oct 14, am Oct 13, pm Edited Oct 14, am. It doesn't look very convincing at this stage. That is the general overview of our primary objective for this system, so lets see if we can put our collective heads together to accomplish this goal. This is the reason, why stock markets are easier to trade. But all along i know PA is the king. Correlation doesn't guarantee the mean reversion.
So I have some practical experience trading both markets. Quoting Profitiser. Futures and Future Options have different minimum tick increments. My hope is that either there is already a good free version of this indicator floating around or someone tech savvy can whip one up for us. There are a couple of folks recently posting systems here which have good ideas, and this idea has morphed from prop shop day trading intraday momentum trading strategy - I am certain it is nothing new. No greed. Justin Bennett says No, I only use them to find the mean. Its a great place to open a position! Haha, I was just about to send you this link! Mean reversion trading strategy Range trading strategy can be slightly more difficult to design than trend trading. In short, when anyone buys options on an asset, the asset has to move in the right direction and move far enough in time for the buyer to make any money. HiDear Justin, pretty and detailed explaination as always about indicators effects. Etrade cost basis adjustment form penny stocks awaiting fda approval all, thanks for your work 7bit :- Regarding the entire trading approach, it seems to me that we have a net exposure of one or more currencies.
The premium of a Put option increases as the market falls. Higher reward-risk ratio — often the trader will make multiples of gain for every unit of risk taken. So, depending upon which way price moves, we could have a buy and a sell at one grid level, but no more than that, and each buy order is the same size as the sell order, and none of them increase or decrease in size throughout. I have no idea when this was posted! A broker ,I feel worth working with is whose Youtube Video of 70 minutes I have referred to in my post. We can both be musicians, but you perform well at playing house music and I can perform well at playing heavy metal. All of a sudden things are starting to make sense. What are the characteristics of a mean reversion trading strategy? I recently noted a market which was overbought with MACD above 80 and most traders trigger sales order at 70 but market proceeded to go up with another nearly pips. Thank you Justin for a thorough and helpful presentation of this concept. Did it do well?
Sundar, thanks for the feedback. You get a good level of satisfaction when you trade with price aciton, as you know you've been able to interpret the plain price charts and base a trading decision straight off price movement alone. The resultas are pretty good. Dec 12, am Dec 12, am. One just concentrates on macro-economic factors e. A question I get quite often is, how do I know when the market has reverted far enough back to the average price? In spot fx, pips and pips value is calculated. Options are based on Over-the-Counter spot cash fx as well as Currency Futures as the underlying. I got rid of them one by one.
I got rid of all of them from my charts and at times I feel guilty for not using any of. I'm slowly getting better at trading it. Just johnson and johnson stock next dividend interactive brokers fundamental data python the source. News trading is pretty easy assuming you have a broker than fillsbut I struggled with forex technical trading. This helps a lot. Why not try to enter before the breakout even occurs? Sure, you may have to stay on the sideline relative vigor index thinkorswim bounce trading strategy pdf. Both have plusses and minuses. Justin Bennett says Hi Waheed, glad to hear you found the lesson helpful. Hie Justin. I claim that stock markets are easier to trade for following reasons: 1. Mean reversion strategies have a lower average hold time than trend trading due to the in-and-out nature of snaps back to the mean. Price starts to go down and we enter shorts at Unlike many other jobs, no degrees, special training or prior experience is required. It may be that I am too risk averse, so this assumption may not be true for you. If a person has cancer, smokes, drinks and works in a high risk job such as construction the insurance company will charge him a high premium to compensate for the added risk of illness accident or death.
I previously spent a lot of time trying to master various indicators and could not make my mind up which ones to use, but now just use a couple. Tell me more about it on this thread! I strongly believe in leveraging on open-source educational material available on the web. Both have plusses and minuses. Attached Image click to enlarge. Is there an error in this part? Glad to help. In addition, regression is an optimization method and as a result there may be a justin bennett forex pdf are there any binary option brokers that accept us customers tendency for the spread calculation to be overfit. This is because the 10 EMA is based on the previous 10 periods, or in this case days, while the 20 EMA is based on the previous 20 days. If so, then it would basically be the same scenario as you mentioned. This can be a short-term trend on the four-hour chart or a longer-term trend on the daily chart. The more risk we are exposed to, the higher our expectation of taking even a larger loss, and so on.
I mean sure, I was technically buying one currency and selling the other. Then adding a very thight SL to each winning position has the advantage to grab more profits. Hi 7-bit, Compile the mqh file and have the errors on the pic. We are in profit at this point. After all, they are both based on averages. Philip Fourie says I tried it and it works like a bomb thanks a million you saved my financial life. Nko says Hi Justin yes I agree. On an m1 chart. Forgot to ask If you do not believe this to be the case, I would ask you to present the math on actual trades likely to occur which occurred for me today , and present the findings.
Sure, you may have to stay on the sideline occasionally. Matt Porter says That is pretty much the whole strategy perfectly! I also use these two moving averages as dynamic support and resistance. Why is that? It was a painful grind. The two assets are very correlated. Buy and hold does not guarantee you any profit. Joined Aug Status: Member Posts. Kannapiran Rajagopal says Thank you sir Reply. Binary option operators are prying upon the gullible and the greedy among us by injecting Google and other search engines with Adware. Why the stock market is the easiest market to trade. Joined Aug Status: Member 31 Posts. However, there might be a way to trade with the trend and still do well, but it has to be a system limiting our DD in my opinion.
Why not try to enter before the breakout even occurs? First off, I am of the mind there are no 'No loss systems' - all systems do lose. There are other tests such as the Phillips-Ouliaris test which attempt to account for structural breaks in the data. As far as we are concerned, this statistic has no basis in reality. What if we took a look at the math of the drawdowns at each of ishares usd treasury etf trading futures anthony crudele price levels within our grid, what would the drawdown be then? While a substantial amount of market making is being done by algos at banks, there is still a lot of manual trading by clients and at banks which means the effects of their action can be seen in charts easily. Also, a system that takes trade after trade in a loss shorting an uptrending market waiting for the mean reversion to kick in can get a bit etrade drip best online virtual stock trading to both ones psychology and account. Printable Version. This again depends on how you choose to trade and ultimately what your trading plan says. It can trend aggressively and reverse aggressively. You will receive one to two emails per week.
Higher winrates are arguably the main benefit of mean reversion trading. Quoting PipMeUp. Hey Justin, Just wanted to say this is an awesome post. Pierre Mifsud says I agree with you up to a certain point…. Where I would manage to make a trade, i would make the wrong choice. The key is to make the terminals light! The reduced time in market could best stock ever history excel stock bought and sold at different price find profits as a safeguard against external shocks. Quoting Profitiser. May 22, am May 22, am. Premium value When buying an option, the trader pays a premium, the open premium. The more it moves, the longer the length. You should acquire basic knowledge about the symbol, contract specifications, minimum tick value, from a broker's web page on Products offered on their platfrom and Chicago Mercantile Exchange CME. Malik Tukur says Hi Justin, I very thinkorswim swing trading professional automated trading appreciate what you posted. You need to be approved for selling writing options, which is more of a formality. Good news from the EU and good news from the states.
Assuming you invest in solid and prospective companies, the stock will go up. In addition, regression is an optimization method and as a result there may be a natural tendency for the spread calculation to be overfit. Right, good for company; Good job DnBPriceAct, learnt alot from your setups, i'll keep following this thread Upon starting the EA, it places buy orders and sell orders at predetermined points along our grid determined by the user. Currency options trader hardly needs to do any particular research. I think what he calls correlation actually is cointegration. Pairs Trading: Reversion to the Mean. A dealing platform developer, who also acts as a broker for liquidity providers, is offering MT4 options platform demo, an online trading school, and a manual - all free of cost. Premium value When buying an option, the trader pays a premium, the open premium. Matt says Great article. As price move to one of the trigger points lets say price moves up a buy order is triggered. Options terminology and processes are common for trading of any financial instruments or commonly referred to as the underlying which can be equity stocks, bonds, futures, spot fx, commodities, interest-rate futures etc. Exit Attachments. Have a good day! Sometimes trend entries can be improved upon heavily. Commissions don't eat away at the equity when adjustments are done World's major currencies are far less volatile than the stocks; and Have predictable trading range and mean-reversion patterns.
Your efforts for enlighten forex traders are being appreciated. To me, this is not the properly designed system. The premiums collected from all high risk clients will more than compensate for any of these individuals dying. This is usually a sign of what is to come No greed. I just came across them while I was searching for articles about over trading. As against thousands of sites focusing on providing a vast range of teaching material, signals, newsletters, advisories and research on equity and index options trading I could locate only three sources of newsletters and a couple of links on books specifically written by university teachers not traders for courses in fx options. Save my name, email, and website in this browser for the next time I comment. His book no academic stuff on his income-generating system can help a lay person understand and act upon the options trading system. Not bad Id like to learn more about R. Futures and Future Options have different minimum tick increments. But all along i know PA is the king. Secondly, controlling ones emotions matter a lot and it just works fine Reply. I'm currently starting to experiment with this setup with demo accounts just to see if I can run the whole operation from 1 PC. Apr 9, am Apr 9, am.
Too much clutter is not a good thing in fact its more confusing than not. All said and. I understand that this can help! It isn't really a range vs trend classification but the bigger the return the more I expect the price has trended during the period Joined Oct Status: Member 1, Posts. While it is easy to cherry pick where you start your system after the fact, it is not so easy to do this on the hard right edge. The more precise nature of entering market for a return to the mean can cause you to miss fills. You guessed it. He is joining us on this thread thankfully and will be pivotal to getting the logic behind this system coded. It seems to work only on very long timeframes, every attempt to use trend-o-mat for intraday trading has failed so far. You should acquire basic knowledge about the symbol, contract specifications, minimum tick value, from a broker's web page how to withdraw money from charles schwab brokerage account carlsberg group stock dividend Products offered on their platfrom and Chicago Mercantile Exchange CME. This is the last post as far as education of core concepts and terminology is concerned.
Save my name, email, and website in this browser for the next time I comment. Premium value When buying an option, the trader pays a premium, the open premium. A dealing platform developer, who also acts as a broker for liquidity providers, is offering MT4 options platform demo, an online trading school, and a manual - all free of cost. This again depends on how you choose to trade and ultimately what your trading plan says. What's even more important is that people find a consensus much easier about the fundamental strength of a company which affects the stock price. You are only trading daily charts right? An option sellers runs home business the way a health insurance company is run. Joined Jan Status: Member Posts. A lot of people who trade spreads and crypto exchange revenues 2020 coinbase vs binance reddit trade stocks, rather than say enter in their full position a one point, trading futures vs forex simple mean reversion forexfactory enter half at one point, then another half at another point if it gets thereor do it in thirds. The price is more than the underlying price which means the call is in the money. Going with a trend sounds great, but for markets that mean revert Forex they can experience significant DD in relation to the amount of money earned on a winning trade. Consistency will keep it. Joined Feb Status: Member 2, Posts. I believe it is very tough to find the handful that can be of help, as it requires a lot of trial using a demo sogotrade ach how do u trade penny stocks. Just be sure to spend some time learning how to read price action. Oct 4, pm Oct 4, pm.
Francis says Great insight there. It's the highest volume futures contract in the world, and has it's own unique way of moving. Not at this stage. The main difference is that when studying mean reversion, the goal is to avoid overextensions. Thank u Justin, indicators have greatly failed me so bad. Attached File. By the way - the interest rate products are the most efficient. Tell me more about it on this thread! When an option is in-the-money ITM , it is more valuable, i. To do this, we need a system that survives through drawdowns. The market is range bound and discrete as waves traverse through certain repetitive natural fibonacci numbers. In order to understand what strategies can be used in each, let us have a detailed look into the key differences in markets. If you are prepared for all this, you are welcome to get free education and exposure to options trading setups and risk control management tactics. It depends entirely on where and when you want to get into the trade. I don't think it's a big issue though. Jan 21, pm Jan 21, pm. As price moves up to touch the grid level we buy. We do this to capitalise on mean reversion within a trend. They will simply issue to "Not Connected' comment and fake disconnect your EA.
Sooner or later there will be a platform for them to record their trading and which they can use for applying for a job. You then assume a position for reversion to the mean. If your average winner is four times that of your average losers, trend trading gives you 4 chances to be wrong for every winner. I feel this infinite design the global currency market game as you rightfully This is very much possible. My first three years in the Forex market to were spent testing various indicator-based strategies. Ben Uadiale says Thank you i Reply. The price is more than the underlying price which means the call is in the money. We do this to capitalise on mean reversion within a trend. Do you have any data from real out of sample performance?? First Post : Jan 17, am Jan 17, am. An insurance company collects a premium. With an infinite number of indicator combinations, how on earth are you supposed to find something that works? These preemptive, 'out of money' kind of breakouts tend to just become fakeouts Checking out the EURNZD today which could bring on a nice correction