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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 needpips
{quote} u can trade back your 4% loss easy up to 1.956..... buy all dips that only retrace 20-25 pips max....(easy way to calculate a SL) I bet you could make it back in 10 trades
If trade works out, I'll make it back in spades. I risked 1% (1% of account high mark) on the trade I'm in now. 72 pips = 1%. All price has to do is go to 1.9740 and I'll have the 4% back. I plan on adding size soon and often, when I get the right looking opportunities. If this trade even goes to 2.1000 I'll hopefully have increased my size by at least 30%. That would equal somewhere around a 25% gain on just this one trade. The opportunities for adding size might be great, and doubling the position I have now is not that unlikely if I can confidently manage the risk.
Holding long on this pair 1.9443 for 150 - 200 pips
Forex Learner
ok...last thing....GBP / USD has a pattern on the 4hr that is what I refer to as a hockey stick pattern....which usually means lower....hence, my 1.6480 lower target on GBP / USD (if it wants lower)

all this is just my 2 cents.... my analysis is typically different from the crowd, but its just how I see it.... FWIW
Quoting needpips
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
I think with the double bottom we had yesterday, and all the shifting around we had since then---shaking out the weak longs, leaving most everyone else confused---we can confidently conclude that price has made THE bottom. Of course, anything is possible, but I wouldn't bet on lower prices or even wait around for them.
Quoting needpips
ok...last thing....GBP / USD has a pattern on the 4hr that is what I refer to as a hockey stick pattern....which usually means lower....hence, my 1.6480 lower target on GBP / USD (if it wants lower) all this is just my 2 cents.... my analysis is typically different from the crowd, but its just how I see it.... FWIW
Cool. Your analysis is welcomed. I'm glad we finally have some discussion in here.
Quoting Zappa
{quote} I think with the double bottom we had yesterday, and all the shifting around we had since then---shaking out the weak longs, leaving most everyone else confused---we can confidently conclude that price has made THE bottom. Of course, anything is possible, but I wouldn't bet on lower prices or even wait around for them.
I just measured G/U.... about 130 pips to my lower target..... 130X.85 (G/N) = 110 pips....from G/N current level.... its almost to the pip of 1.93685
Quoting rkr81
Holding long on this pair 1.9443 for 150 - 200 pips

Consider it booked.

Alright, guys, gotta go now. Have a great weekend.
Quoting needpips
{quote} I just meased G/U.... about 130 pips to my lower target..... 130X.85 (G/N) = 110 pips....from G/N current level.... its almost to the pip of 1.93685
The only advice I'd offer on this is don't get so locked in to price hitting your target (even if it already came soooo close) that you overlook signs that your target ain't going to be reached.

I am not saying your target won't be reached. I'm just saying that I, myself, have made this mistake of overlooking mounting evidence that suggested that my target was not going to get hit, simply because I already had it in my head that the profits were all but a formality. Always stay flexible.
Quoting Zappa
{quote} The only advice I'd offer on this is don't get so locked in to price hitting your target (even if it already came soooo close) that you overlook signs that your target ain't going to be reached. I am not saying your target won't be reached. I'm just saying that I, myself, have made this mistake of overlooking mounting evidence that suggested that my target was not going to get hit, simply because I already had it in my head that the profits were all but a formality. Always stay flexible.
good advice....the exercise is to mark very significant 4hr upper and lower targets.... I have both and contingency plans to trade in those directions and how to come back if I take a loss..... good thread...later
Market can either go up slow (waves) or go up fast (no retracements). Whichever one it chooses is fine by me.

If it goes straight up, like the chart below, I won't be able to add as much or take out profits for a better price later, but I'll make 1500 pips in one month.

If market has waves, it will take more time to reach target, but there will be a lot more opportunity to add size and take profits for better price later. Plus, the ultimate target will most likely be greater since the move will be more controlled.

So either way is good by me. I'm thinking we'll see a strong move, though. Just a hunch.
Attached Image (click to enlarge)
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I have taken gbp nzd long ,but I would suspect is retrace only ,on toes as a respected tl gone ,also the recent highs seem to have topped this pair for some time ,see if weekly can reverse off support in over sold /consolidation condition ,hugely bullish I don't think so
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp NZD d1 Spot.png Size: 26 KB
Click to Enlarge Name: gbp NZD w1 Spot.png Size: 32 KB
#doyourownanalysisordietryin
Quoting Bones
I have taken gbp nzd long ,but I would suspect is retrace only ,on toes as a respected tl gone ,also the recent highs seem to have topped this pair for some time ,see if weekly can reverse off support in over sold /consolidation condition ,hugely bullish I don't think so {image} {image}
Attached Image (click to enlarge)
Click to Enlarge Name: nz.png Size: 121 KB
morning guy just come on this tread to see if your view mirrors mine , my chart shows with multiple tls on that it is coming to or has now the strong possibility to change course i have gone long and i think iw you had the money and the ball it could net a tidy sum, i would like your feed back as i am new to trading this pair and i dont know how it behaves ,regards E
Quoting elbert3
{quote} {image} morning guy just come on this tread to see if your view mirrors mine , my chart shows with multiple tls on that it is coming to or has now the strong possibility to change course i have gone long and i think iw you had the money and the ball it could net a tidy sum, i would like your feed back as i am new to trading this pair and i dont know how it behaves ,regards E
Your chart states sell but you say you have gone long?
Quoting trexy123
{quote} Your chart states sell but you say you have gone long?
sorry were do you mean can you tell me regards
Hi E ,gbp nzd is the wild one
I'm thinking the range of cable has confirmed hold ,reaction off top could be bear
usd nzd is at the top area of range a push lower off here ,I guess could take us up lots nzd pairs show poss pull back against trend ,on support



Quoting elbert3
{quote} {image} morning guy just come on this tread to see if your view mirrors mine , my chart shows with multiple tls on that it is coming to or has now the strong possibility to change course i have gone long and i think iw you had the money and the ball it could net a tidy sum, i would like your feed back as i am new to trading this pair and i dont know how it behaves ,regards E
Attached Image(s) (click to enlarge)
Click to Enlarge Name: gbp usd d1 USD Spot.png Size: 25 KB
Click to Enlarge Name: nzd USD w1 Spot.png Size: 39 KB
#doyourownanalysisordietryin
man do i love this pair, i also like trade eur/nzd, gbp/aud, gbp/cad, eur/aud, eur/cad these pairs be rocking every day
buy gbp/nzd at 1.9575, s/l 1.9362, t/p 1.9788. good luck to all
Quoting Bones
Hi E ,gbp nzd is the wild one I'm thinking the range of cable has confirmed hold ,reaction off top could be bear usd nzd is at the top area of range a push lower off here ,I guess could take us up lots nzd pairs show poss pull back against trend ,on support {quote} {image} {image}
thanks are you in out long or short regards, keep in touch i like your charts
Quoting peaches
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... {image}
hi Peter you are fine . Where are you ? My dear old friend.
daily candle chart is waiting for you
best regards
Hussin Naiji
Just stumbled over this thread, interesting pair. In these range markets you have to search for something that moves sometimes Keep it going!
Fix up, trade sharp ...
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