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GBPNZD 21 replies

GBPNZD hedge help 3 replies

Why does NZD carry more weight in GBPNZD? 3 replies

GBPNZD - How do you trade it? 2 replies

huge spike of GBPNZD by ibfx (from 2.74 to 1.16) 9 replies

Attachments: GBPNZD trading calls
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GBPNZD trading calls

Quoting Zappa
See how easily it could be for price to be at 2.2000 (over 2,500 pips from where it is now) by end of May? That is not some crazy move that has never happened. Moves like this, and greater, happen all the time in this pair. We are due for one now. The move down from 2.0224 has been super easy on shorts, meaning it's going back up. The market is crazy like that. Right now we're shaking out any weak longs. This is a sign that it WON'T come back here. That double bottom today was nice, and now it should NOT go back to that exact spot again. This really...
this area 1.946 could be support....1.90 is next for support on weekly if this level gives.... 2.1 would be c=a just a casual obsy
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so i went long here....1.9460.....stop at 1.9420....y not
as an aside.... I think GBP / USD is going to reach to 1.6480-ish..... full moon Sunday so ... could drop hard tomorrow or early next week.... Just a thought... I think Ill just watch tomorrow and Monday... I think they may be really volatile.....
Quoting needpips
as an aside.... I think GBP / USD is going to reach to 1.6480-ish..... full moon Sunday so ... could drop hard tomorrow or early next week.... Just a thought... I think Ill just watch tomorrow and Monday... I think they may be really volatile.....
I think GBPUSD has bottomed. We had the fake and break I was talking about for the last two weeks. I don't see this making a new low, and it's got a LONG way up to go once this multi-year range is broken.
Quoting Zappa
{quote} I think GBPUSD has bottomed. We had the fake and break I was talking about for the last two weeks. I don't see this making a new low, and it's got a LONG way up to go once this multi-year range is broken.
Well.... thought we could catch a bid.... Whats up GBP / NZD
Quoting needpips
{quote} Well.... thought we could catch a bid.... Whats up GBP / NZD
Give it to 1.9380.
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this sure has not been fun for longs. The last couple of days is like watching a race for who's falling faster.
I see a diamond consolidation that should reveal today which way it is going to break.
Quoting ntrr
this sure has not been fun for longs. The last couple of days is like watching a race for who's falling faster. I see a diamond consolidation that should reveal today which way it is going to break.
This is what it looks like when a market is preparing to leave and not return for a long time. The market just HATES letting people in easy for the big moves. The market is a real asshole.
Its funny how the market moves around for 24 hours, so open and close are the same.

An upward gap at market opening followed by a daily bull candel and we have a potential morning star formation...
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target for spring 2016... ;-)
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Quoting peaches
target for spring 2016... ;-) {image}
Shit, you'll probably be in the negative by then with this insane rollover charge.
scalped this pair pretty good over the last 2 hrs..... I just cant shake the nzd/usd factor...specifically nzd..... lotta air above for nzd/usd..... i cut my teeth trading that pair 4 yrs ago.... not that I can sound intelligent...but Id bet nzd/usd tops over its all time highs....just a gut feeling....gbp/nzd looks like fun pair....glad I took a look....have a good weekend

**edit:

I dont like the spread and the per pip of .85 ...

My analysis on this pair short term.... 1.956 - ish is a definite.... 2 cents and all
yeah, the broker always win in this business.

Watch S&P 500 for weekly bearish divergence. Perfect to form a head and shoulder pattern in the next 3-4 weeks.

If the stocks fall, nzd will fall, and gbp/nzd will rise violently.
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So now we're near the end of the day, and every time the market goes up, it quickly comes back down. Many longs are probably saying, "Shit, fuck this pair, next time it goes to the top of this mini-range I'm taking profits." It is at this point, of course, when the pair makes a swift break north, leaving the guys who just took profits to call the market all sorts of foul language.

I'm still kicking myself over that entry I had at 1.9800. I got fooled with this price action (chart). This was very tricky for me. Usually, when price makes a swift break-out like it did, when price comes back later on, you'll see a reversal at the break. The clues I take away for next time are that the break was not that strong (see the little test it made right after the break), and the break was not out of some even remotely lengthy range. It was almost a strong move right out of the gate, which are usually moves that get completely retraced.

There was another strong clue that I over-looked regarding price coming back to break the low of 1.9450, but that clue was more of a warning that price MIGHT come back down there, not definite.
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Quoting needpips
scalped this pair pretty good over the last 2 hrs.....
Good job. Opportunities were there, for sure. I just held tight and ate a burrito.
Quoting peaches
yeah, the broker always win in this business. Watch S&P 500 for weekly bearish divergence. Perfect to form a head and shoulder pattern in the next 3-4 weeks. If the stocks fall, nzd will fall, and gbp/nzd will rise violently. {image}
I am unfamiliar with this correlation. Why is NZD correlated with the US stock index?
Quoting Zappa
{quote} Good job. Opportunities were there, for sure. I just held tight and ate a burrito.
u can trade back your 4% loss easy up to 1.956..... buy all dips that only retrace 30-35(***edit...wider spreads) pips max....(easy way to calculate a SL) I bet you could make it back in 10 trades
Plus, I'm just a dumbass. All week and last I've been saying GBPUSD will break and fake. Well, that's what it did and so did GBPNZD. I got caught on the fake break just like all the other newbies. Luckily, I quickly realized my mistake, but jeez I feel stupid right now.
1.93685 I have this as a Monthly level..... I think if it wants a little lower before 1.955-ish..... It could.... Ive noticed GBP likes to retrace on Mondays so with the whole Criea thing voting.....WATCH OUT
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