RBNZ Press Conference

EUR/NZD 300 pips move !!!

GBPNZD 350 pound drop in 5 min

What a movements thats really cool

That was insane, i saw 230 pips in 1 min
ive bought some gbpnzd then gonna sell 2.018

But why? Should to wait some hours more.

I think this weeks opening gap just got filled on the EURNZD....released a lot of trapped traders

I totally agree, very wise

Remember that : http://www.forexfactory.com/news.php?do=news&id=506268 ?

Do you think its Stop Hunting?? mmmmmm thats a tough one, they took price 1.902 off the last retracement (4hr) nice work MM

Yes I certainly do remember that quote. What I also remember is that both John Key and that the Governor of the Reserve Bank of NZ were also both Currency Traders, (just like all of us) My feeling is that with both of them commanding policy, I wonder if they are both still Trade Currencies???

I would bet that they are trading currencies and they would know there positions b4 they announce their BS announcements that mean squat. They completed the .854 on the 4hr which was an easy trade to take short.

what a move is not it ? GBPNZD 350 pound drop in 5 min .

do you think it will drop to 76 or even lower or what will it do?

Dont be suprised if they drop GBPNZD to a .854 of the previous low, 1.9960 highly possible. I dont trade this pair on my managed accounts stick to the safer AU NU AUDCAD EURAUD NZDCAD pairs thats all. That was definitely stop hunting to screw any retail trader that had long positions, more than likely they will hold positions and trap traders with long positions..

well said .... I totally agree with you

MM move price to complete fib set ups. I would pay attention on the 1hr 4hr for final numbers , would look at the the smaller TF to get into tighter positions. Annoucements are all total BS, what justification is there for a pair to drop 350 pips in a 5min TF on no basis? Its funny how they never talk about these ridiculous moves instead publish news to mislead traders. Nothing new to Forex, doesnt bother me these days. Trading is ok if you understand what the MM are doing.