DislikedI'm really quite pissed off. spotted a setup on gbp/nzd m30 during Asian session -when price made yesterdays high it also hit the 200ema so multi support - divergence for continuation on h1 - weak pcrf setup - saw price fail to make a higher high and pass the blue resistance - saw tdi cross and went short as we had multi resistance, [this was why i entered and not because of pcrf] - set SL above the 200 ema swing high price pulled back near the 200 ema due to medium impact news but did not pass the high. the bloody spread took me out of the trade...Ignored
kain,
GN is a bugger when it comes to volatility and spread increases. Normally, a 50 pip stop loss would be enough to keep you in the trade. However, the lower liquidity of the Asian session can cause the spread to open even further. In my opinion, GN trades would be better suited for London and NY sessions... higher liquidity during those times will keep the spread from opening up so much. Maybe look to jpy pairs for trading during the Asian session.