DislikedGood advice, overall yes, EURUSD is a dead market. Only large operators (inter-bank) are making money by writing put/call options and collecting premiums here. On GNZ though - hardly you'd find a reputable operation with spreads lower than 2-4 points for GNZ. Also some shops require 40-60 point SL for GNZ, they won't let you put in a lower SL. Finally, GNZ is a lot different to GU. It frequently moves during asian session due to activity in NZDUSD. Overall, I'd recommend sticking to GU, GNZ is for advanced traders only. Also liquidity is pretty...Ignored
Yes you can get good prices on most pairs, let me tell you how its possible. IC Markets Raw spreads on GBPNZD are normally around 1.8 to 2.2 pips during the asia session.
So not great I agree.
Wait to the London session when price breakouts of a range and starts eating a away at Liquidity. This is the only time I trade manually during the Happy hour.
The market is controlled by a Algo that just preys on stop loss orders and within this zone, spread size drops as low as 0.5 pips for brief periods but normally under 1 pip. Trading here is very cheap and very profitable.
Personally I don't use stop loss, I am certainly not going to add to this liquidity pool like the rest of the foolish traders ( I'm a Scalper )
I do hedge if needed when I stuff up.
Take a look -
Just Pip Harvesting inside Portfolio EA's