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NZD rate decision

  • #41
  • Oct 25, 2006 5:01pm Oct 25, 2006 5:01pm
I had a great trade on the nzd trade. caught 80 pips!!! This was actual first FA that I traded. All I did was straddle the mkt. and LUCKLY no WHIPSAW.

I usually trade doing either scalping or surfing the waves.
  • #42
  • Oct 25, 2006 5:11pm Oct 25, 2006 5:11pm
http://xtramsn.co.nz/businessandmone...58c07950ea6164
  • #43
  • Oct 25, 2006 7:33pm Oct 25, 2006 7:33pm
Quoting derby
I had a great trade on the nzd trade. caught 80 pips!!! This was actual first FA that I traded. All I did was straddle the mkt. and LUCKLY no WHIPSAW.

I usually trade doing either scalping or surfing the waves.
The whole move was only 77 pips from .6621 --> .6544 on my broker..
how did you catch 80 with a straddle?
  • #44
  • Oct 25, 2006 9:58pm Oct 25, 2006 9:58pm
8 lots x 10....lol
  • #45
  • Oct 26, 2006 3:29am Oct 26, 2006 3:29am
shit happens.

my short straddle failed to post. and my long touched for a loss.

screwed me for the rest of the day... good thing, i have a winning gbpusd o cheer me up...
  • #46
  • Oct 26, 2006 4:19am Oct 26, 2006 4:19am
Quoting BurgerKing
shit happens.

my short straddle failed to post. and my long touched for a loss.

screwed me for the rest of the day... good thing, i have a winning gbpusd o cheer me up...

I tell you what, youre right when you say 'shit happens'
So confident was I that there would either be a rate hike or rates would stay the same that I put in only a long straddle and didnt bother to put the short straddle. When trading the news, I should enter the straddle without having a market bias. Anyway I didnt lose a pip because as we all know NZD plummetted but I wasnt in the market. Lesson learned.
  • #47
  • Oct 26, 2006 6:41am Oct 26, 2006 6:41am
Will US news next 1 hours will push NZD lower?
  • #48
  • Oct 26, 2006 9:29am Oct 26, 2006 9:29am
looking at my chart there was a 100 pip move in less than 1 hour
  • #49
  • Last Post: Edited 2:01pm Oct 26, 2006 1:02pm | Edited 2:01pm
Quoting poojin
Will US news next 1 hours will push NZD lower?
seems to be so.. NZD is going down once again,
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