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  • NZ Official Cash Rate reduced to 3.25%

    From govt.nz

    The Reserve Bank today reduced the Official Cash Rate (OCR) by 25 basis points to 3.25 percent. Growth in the global economy remains moderate. Data on economic activity in the US, China and Australia has been mixed, although there has been some improvement in the euro area and Japan. Volatility in financial markets has increased. The New Zealand economy is growing at an annual rate around three percent, supported by low interest rates, high net migration and construction activity, and the decline in fuel prices. However, the fall in export commodity prices that began in mid-2014 is proving more pronounced. The weaker ... (full story)

200 pips move in five minutes Large kiwi bar..................
lol!
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I got +140pips in just a few seconds..... Wasn't expected that Speed!
Have an INVESTOR Mindset, but Trade like an ENTREPRENEUR
Yeah, unfortunately my open short had been underwater for awhile so I didn't do as well on the huge move as I could have. But FORTUNATELY we DID get the huge move, so since I went from a big negative to around a 40-pip gain a few seconds later... well, I guess I shouldn't be complaining, eh?
I was just trading of the break of the trend line and possible retest, but had a hunch and decided to take the short. Would love to close that trade now but the spread is still high. Never know in Forex, they might even turn this thing around. LOL
my brocker freezes platform at this time for about a minute. I missed this as I always do with news at this time. Will have to get a second brocker I guess for this particular time
I closed when the spread was about 5 or 6. That's much higher than I normally like to go, but I was afraid to wait any longer (like you say, it MIGHT head back up).
Quoting johNal
my brocker freezes platform at this time for about a minute. I missed this as I always do with news at this time. Will have to get a second brocker I guess for this particular time
Mine does it too, and actually more like 3 minutes. If it wasn't for the fact that I like everything else about my broker, yeah... this can be pretty aggravating at times.
Quoting johNal
my brocker freezes platform at this time for about a minute. I missed this as I always do with news at this time. Will have to get a second brocker I guess for this particular time
Quoting Ratmach
Mine does it too, and actually more like 3 minutes. If it wasn't for the fact that I like everything else about my broker, yeah... this can be pretty aggravating at times.
You probably have a swap/interest free account, or islamic account. All brokers do that on swap free accounts. They close all your positions at 5.00PM New york time and re-open them 5.01PM New york time hence the one minute freeze.

If you don't want it to freeze you will need a non-interest free account.
My take profit of 120pips was hit in 23sec...Oh men! this is against the rules :-(
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Quoting johNal
my brocker freezes platform at this time for about a minute. I missed this as I always do with news at this time. Will have to get a second brocker I guess for this particular time
In that regards my broker did well. It was freezed for a while but took the pending in the placed positions.
Quoting zohaibayub85
You probably have a swap/interest free account, or islamic account. All brokers do that on swap free accounts. They close all your positions at 5.00PM New york time and re-open them 5.01PM New york time hence the one minute freeze.

If you don't want it to freeze you will need a non-interest free account.
I don't know about his, but that's not the issue with mine... not swap-free, Islamic, etc. For whatever reason, my broker just says "Trading suspended Mon-Thurs 4:58pm-5:06pm EST." (Though it's usually around 3 minutes rather than 8.)
Quoting jrdFX
My take profit of 120pips was hit in 23sec...Oh men! this is against the rules :-(
That is unfair to those of us who were just watching from the sidelines
80 pips gap on AUDNZD and 30 pips gap on NZD/USD, luckily it moved further south and I still got out with +100 pips, this kind of news can be amazing, but it can harm you big time if it gives u gaps!!!
Quoting johNal
That is unfair to those of us who were just watching from the sidelines
There is no fair on unfair on this market, the market doesn't care if you took the position or not, if you're won or lost and sometimes waiting can be also the best move you can make
sorry for 9/10 here that totally got their account wiped. Your "+100" says it all.
Oh, forgot about the "+150's" that also received 50-80pips slippage. Dont feel bad about it... just add some more funds into play
Base of move could be 0.5866 if that strong demand is given away. no support whatever.
Market makers brokers disable the trades as it was closing time. There was no trade for five minutes as they show message trade is disabled.

Sucker holes. bad time of the release but It was pre-planned and market never expected a rate cut
Quoting aman4forex
Base of move could be 0.5866 if that strong demand is given away. no support whatever.
U mean the next move ?
Quoting Fx 35
80 pips gap on AUDNZD and 30 pips gap on NZD/USD, luckily it moved further south and I still got out with +100 pips, this kind of news can be amazing, but it can harm you big time if it gives u gaps!!!
The spike was amazing on GBP/NZD more than 500 pips in 5min
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I take 150 pips in profit but, i am in demo. XDD
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long NZDUSD
WE going to 69!!!! Been saying this since late 2014 and it is about to come to fruit. *dances*
All posts are my personal opinion
No news at all about GBPNZD!
wait for next month...always happy with news AUD and NZD and make trap
"Trap The RED News"
Quoting Ratmach
I don't know about his, but that's not the issue with mine... not swap-free, Islamic, etc. For whatever reason, my broker just says "Trading suspended Mon-Thurs 4:58pm-5:06pm EST." (Though it's usually around 3 minutes rather than 8.)
basically they freeze it during the rollover period to prevent arbitrage trading. as usually when there is no high impact news at the start of a new day,volitility at these times are extremely thin. like what others have mentioned, just so happens rbnz is the first market to open and the timing of realease coincide with their security protocol
And ironically, isn't kiwi still the highest interest rate of any central bank?

Oh gee, the highest yielding central bank just lowered their rates, and it's still the highest yielding central bank, where on earth am i going to stash my carry trade?
Thanks, Bicarus...
Quoting Bicarus
basically they freeze it during the rollover period to prevent arbitrage trading. as usually when there is no high impact news at the start of a new day,volitility at these times are extremely thin. like what others have mentioned, just so happens rbnz is the first market to open and the timing of realease coincide with their security protocol
Ah yes, the retail trader, trading on news, never learns. Firs,t you need a new broker. Second, you need to stop trading news.
what happen?
Quoting saeeeed
what happen?
Sepp Blatter resigned as FIFA president
Quoting holymykel
U mean the next move ?
Moves are often base on weekly And I just manage to hold down the shorts just above the demand zone and As of now we can see strong weekly down candle give way to the next zone which is around that mark.
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I am long GBPNZD from 2.13000, + 5000pips in last 3 weeks. anybody not trading this cross is crazy! so what the spread is huge... doesnt matter when your holding...which everybody should incorporate into their trading anyway...
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