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Attachments: GBP/NZD... this Pair is Amazing!
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GBP/NZD... this Pair is Amazing!

  • Opened Sep 11, 2015 | Closed to Voting | 15 Votes
  • Poll Results
Are you currently Long or short on GBP/NZD?  
Long
7 Votes
47%
Short
8 Votes
53%
  • Post #1
  • Quote
  • First Post: Sep 9, 2015 8:31pm Sep 9, 2015 8:31pm
I've been trading this pair on and off for the last two months. It has generated me a lot of profit. I'm creating this thread to help my forex buddies trade this pair and capitalize on profit!

WARNING: THIS PAIR HAS HIGH SPREADS AND IS VERY VOLATILE. TRADE AT YOUR OWN RISK!!!!
Good luck and may the odds be ever in your favor!
Here is the 4 Hour Chart. After the big spike a couple weeks ago we have entered consolidation. We are looking for a sell signal here at the top. Wait for the sell signal. Do not sell right now!!!!! I'm confident we will get a great signal before the GBP rate decision tomorrow morning. Patience is a virtue!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD4HOUR.png Size: 49 KB
Good luck and may the odds be ever in your favor!
major trend is up been like that for the whole year, you can get 1,000 pips a week if you know how to trade it
Quoting SmallPaul
major trend is up been like that for the whole year, you can get 1,000 pips a week if you know how to trade it
Exactly!!
Good luck and may the odds be ever in your favor!
Quoting dbutton1990
{quote} Exactly!!
don't forget eur/nzd
you can also trade these pairs with gbp/nzd, gbp/aud and eur/aud
Geez damn thing don't wanna stop
yep, great pair. incredible volatility, but high rollover fees...AND refunds! she can be scary though 8}
Oh indeed, I certainly agree with you that it's *QUITE* a pair to say the least. Ever since I began looking at this pair a couple of months back now it's always like 200-300 pip days, some days even more, all due to NZD's nearly 40% discount to USD and the higher valuation of GBP vs USD. But have to confess that I wasn't playing the market right on Aug 24th and got a bit of sticker shock with this pair. So have been very cautious with it since. Really annoyed with myself that I didn't see how I should've been long. Could've made out with my first $5K+ day in all that panic that day, that frenetic NY morning .
Enter Signature
I've been trading this pair recently. Only using half my standard size, but winning super easy trades. This pair just trends extremely well. My broker's spreads seem to be pretty comparable to most others (6-8 pips).
Quoting dbutton1990
Here is the 4 Hour Chart. After the big spike a couple weeks ago we have entered consolidation. We are looking for a sell signal here at the top. Wait for the sell signal. Do not sell right now!!!!! I'm confident we will get a great signal before the GBP rate decision tomorrow morning. Patience is a virtue! {image}
What is your system?
Haven't a total discription?

Thank you
I've been trading this pair, EURAUD, GBPAUD, and EURGBP for a few years now. I used to pay attention to EURNZD, but the spread is ridiculous with this pair. It's over 9 pips with forex.com as a broker. GBPNZD is still high, 7 - 8 pips, but the daily range on GBPNZD is well over 200 pips almost every trading day!

Good spot
Quoting shadodwel
I've been trading this pair, EURAUD, GBPAUD, and EURGBP for a few years now. I used to pay attention to EURNZD, but the spread is ridiculous with this pair. It's over 9 pips with forex.com as a broker. GBPNZD is still high, 7 - 8 pips, but the daily range on GBPNZD is well over 200 pips almost every trading day! Good spot
bad spreads from a bad broker
Quoting SmallPaul
{quote}bad spreads from a bad broker
Do you live in the US? If so, which broker do you use? I've used FXCM, and now I am with Forex.com. Just looking for a reliable broker with decent spreads in the US.
Quoting shadodwel
{quote} Do you live in the US? If so, which broker do you use? I've used FXCM, and now I am with Forex.com. Just looking for a reliable broker with decent spreads in the US.
Yes i live in the u.s. i use tallinex.com, they take u.s. clients
looking at a short on the H4
https://charts.mql5.com/8/799/gbpnzd...om-gbp-nzd.png
Can you teach/guide your trading strategy for this pair?
hey fxstation....trade the dealer chart too....specially during asia.....4H chart
throw a slo sto runnin along at 34,3,3.....
Quoting fxstaton
Can you teach/guide your trading strategy for this pair?
It is simple enough:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.lmxDaily.png Size: 213 KB


Buy, buy, buy

Just open a daily chart
I want to buy PATIENCE
still hovering right at the resistance line of consolidation. 1 hour shows head and shoulders pattern. Will it fall? Let's find out!!
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 281 KB
Good luck and may the odds be ever in your favor!
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