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MT4: Irregularities 2 replies

Trading 24 hours per day, 5 days per week 14 replies

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(binned per thread starter’s request)Irregularities between pric

  • #61
  • May 1, 2019 11:42am May 1, 2019 11:42am
Hi Zerv, You are short GBPNZD becuse of the distance between price/volume ?


Sorry if I'm picking it up wrong
All charts/ideas based on UK time zone
  • #62
  • May 1, 2019 11:49am May 1, 2019 11:49am
Quoting sponge
Hi Zerv, You are short GBPNZD becuse of the distance between price/volume ? Sorry if I'm picking it up wrong
Hi sponge

Yes, sir, you're correct.
My apologies for not explaining it clearly.
Todays biggest distance is on these two currencies, and it's also a bigger than usual distance, more than twice as much as my first posted intraday trade usdcad from yesterday. So yes heavily shorting GBP/NZD / GBP down NZD up.
  • #63
  • May 1, 2019 12:21pm May 1, 2019 12:21pm
My experience with volume is that it doesn't work immediately and can draw against your trade for some time, do you have a method to enter the trade or do you just enter at a certain % ?
All charts/ideas based on UK time zone
  • #64
  • May 1, 2019 12:32pm May 1, 2019 12:32pm
I've kinda hoped this would play out before FOMC. But maybe this been planned to explode with FOMC as 'big news' event for extra favorable stopping out/profiting from the retail clients. We'll see.

Current calls open: EUR/GBP up, NZD up, GBP/NZD down.
  • #65
  • May 1, 2019 12:41pm May 1, 2019 12:41pm
Quoting sponge
My experience with volume is that it doesn't work immediately and can draw against your trade for some time, do you have a method to enter the trade or do you just enter at a certain % ?
Let me get back to you later, I'm glued to my screens the next few hours (like most of us traders will be I guess, hehe)
  • #66
  • May 1, 2019 1:08pm May 1, 2019 1:08pm
Calls decisions ongoing and unaffected by FOMC
  • #67
  • May 1, 2019 2:03pm May 1, 2019 2:03pm
Quoting Zerv
{quote} Hi sponge Yes, sir, you're correct. My apologies for not explaining it clearly. Todays biggest distance is on these two currencies, and it's also a bigger than usual distance, more than twice as much as my first posted intraday trade usdcad from yesterday. So yes heavily shorting GBP/NZD / GBP down NZD up.
hum hum
  • #68
  • May 1, 2019 2:17pm May 1, 2019 2:17pm
Quoting Fernand
{quote} hum hum
Give it time, Fernand. Casual whipsaw action from FOMC before the direction.
GBP/NZD call currently at -0,13%
  • #69
  • May 1, 2019 5:15pm May 1, 2019 5:15pm
Quoting Fernand
{quote} hum hum
Gentlemen, this is a golden trade - I except at least 100 pips before the weekend. If this trade doesn't succeed like predicted, I will discontinue this thread, that should show you how serious I am about this.
  • #70
  • May 2, 2019 5:00am May 2, 2019 5:00am
Quoting Zerv
{quote} Gentlemen, this is a golden trade - I except at least 100 pips before the weekend. If this trade doesn't succeed like predicted, I will discontinue this thread, that should show you how serious I am about this.
If it's gonna move, it will be more than 100p cuz GBPNZD is most volatile major pair, i think 200p probably if there's some changes to tone or statement.
  • #71
  • May 2, 2019 5:06am May 2, 2019 5:06am
Quoting gezis
{quote} If it's gonna move, it will be more than 100p cuz GBPNZD is most volatile major pair, i think 200p probably if there's some changes to tone or statement.
Yes, sir, I agree with you. I just want to note that calls are based on price/volume irregularities only, I don't calculate any fundamental speculation into trade decisions considerations.
  • #72
  • May 2, 2019 5:16am May 2, 2019 5:16am
Quoting Zerv
Last time GBP/NZD experienced an intraday gap of this size between price and volume was on March 27, where the pair fell around 0 pips next 4h, 100 pips next 24h, 300 pips 48h, after a week 100 pips.
This is still my approach. Still standing by my promise of success before the weekend with this trade or ending the thread. I don't want to waste anyone's time, including my own. I want to proof myself and show results.
  • #73
  • May 3, 2019 2:06am May 3, 2019 2:06am
Hopefully, we'll get some action going now after low volatile environment lately (bank holidays a factor in this)
Around 0,65% fall needed on the GBP/NZD within the next 14 hours. Let's go!
Attached Image (click to enlarge)
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  • #74
  • May 3, 2019 8:24am May 3, 2019 8:24am
Quoting Zerv
https://www.youtube.com/watch?v=7n0FY7svgTo
So it begins
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  • #75
  • May 3, 2019 8:43am May 3, 2019 8:43am
Finally paid out

What was your entry and target?
All charts/ideas based on UK time zone
  • #76
  • May 3, 2019 8:53am May 3, 2019 8:53am
Quoting sponge
Finally paid out What was your entry and target?
It was around 1.9670 on the gbpnzd. According to my data, the trade is this current moment actually even slightly better than when it was called on Wednesday and began with side trend. This is because I've added on new data from yesterday and today included. So I'm gonna keep the trades going for a while. I hope it reaches my prediction today and likely to resume falling next week.
  • #77
  • May 3, 2019 8:55am May 3, 2019 8:55am
Quoting sponge
Finally paid out What was your entry and target?
Target wise if whole irregularity should be closed we're talking about at least 100-200 pips from the current price, but it will also depend on the coming updated data.
  • #78
  • May 3, 2019 9:00am May 3, 2019 9:00am
Latest picture attached shows the calls open.

From top to bottom of chart: the 8 currencies price development since eurgbp call for market overview (random colors and of no importance), the eurgbp trade from it began (green because it's expected upwards), the nzd trade from it began (green because it's expected upwards and along line the other 7 currencies (in yellow) for visual comparison, the gbpnzd from it began (red because it's expected downwards)

I hope it will reach my prediction before the weekend because otherwise, my bold promise will affect this thread to be closed lol
  • #79
  • May 3, 2019 9:24am May 3, 2019 9:24am
Quoting Zerv
Latest picture attached shows the calls open. From top to bottom of chart: the 8 currencies price development since eurgbp call for market overview (random colors and of no importance), the eurgbp trade from it began (green because it's expected upwards), the nzd trade from it began (green because it's expected upwards and along line the other 7 currencies (in yellow) for visual comparison, the gbpnzd from it began (red because it's expected downwards) I hope it will reach my prediction before the weekend because otherwise, my bold promise will...
Well I hope you continue with it.
All charts/ideas based on UK time zone
  • #80
  • Last Post: May 20, 2019 2:57am May 20, 2019 2:57am
Thanks for the Thread, Zerv. Very inspiring

As a beginner forex trader, I have identified wyself with the theory and will seek proper knowledge about it. And, agreeing with @sponge, I do hope you continue with this thread.
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