Did anyone just trade the NZ current account news item? Almost 60 pip spike in the first minute. These NZ news seem to be doing lot better than all the other US and UK news lately. Each one of them have been producing huge initial spikes.
Looking for indicator: alert when current price equal high/low of current bar 26 replies
Historic Charts: NZ Current Account 5 replies
GBP current account 0 replies
Anybody traded NZD current account today? 13 replies
US Current Account / US TIC 43 replies
Quoting BurgerKingDislikedI did. NZ news are clean movers and move big time.
Though straddling is great for this one, IBFX widened the spread so wide than upon entry, it stopped out on its own.
Lesson Learned: When trading with broker that widens spread, put a bigger SL.Ignored
Quoting PipStarDislikedHow wide were the spreads?
And how far away were your stops??Ignored
Quoting BurgerKingDislikedIts my 1st NZ news with IBFX so I never had the idea how wide their spreads would be on NZ..
My Stop is 10 Pips as always. And the spread widened to 10 or even 12 pips for a quick entry-close in a split second. OR is IBFX doing stop hunting? I heard that IBFX does this..Ignored
Quoting roberhertDislikedHi BK
It did, and with a 10 pip sl, it would be have been game over anyway... however, I did check with IBFX and they confirmed the spread was the reason my trade was stopped out. IF the sl had been, say 15, the trade would have succeeded and tp/ ts hit easily.... Better try again next month!Ignored