GBP/NZD... this Pair is Amazing! | Page 23 | Forex Factory

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GBP/NZD... this Pair is Amazing!

  • #441
  • Dec 5, 2019 4:50pm Dec 5, 2019 4:50pm
Quoting T4Trade
who is willing to join telegram channel? about GN? pm me or join in under this name in telegram 'GBPNZD and few amazing pairs',thanks
Sounds good, with the limited time I have before the end of the year.
Trading thin liquidity at the boundary of the charts
  • #442
  • Dec 5, 2019 11:49pm Dec 5, 2019 11:49pm
Still going...

Attached Image (click to enlarge)
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Its all just one persons opinion
  • #443
  • Dec 6, 2019 2:50am Dec 6, 2019 2:50am
I'm out here, maybe early...but I'll take it...116 pip run...i got 86 of it. May revisit a short if the trend line breaks....macd looks like it still has further to go
Attached Image (click to enlarge)
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Its all just one persons opinion
  • #444
  • Dec 6, 2019 10:33am Dec 6, 2019 10:33am
there may still be a buy zone, though I see little chance so that it can develop.

the market will slowly close.



h1
  • #445
  • Dec 6, 2019 11:12am Dec 6, 2019 11:12am
trendlines
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  • #446
  • Dec 6, 2019 1:11pm Dec 6, 2019 1:11pm
My todays GN trading
Attached Image (click to enlarge)
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  • #447
  • Dec 7, 2019 2:36pm Dec 7, 2019 2:36pm
currently i don't see either buy or sell zone.
maybe next week, there will be trust zones.
h1
  • #448
  • Dec 7, 2019 2:55pm Dec 7, 2019 2:55pm
daily time frame long term is sell,but there is short term sell signal
4h long term is buy and short term is also buy,so i guess,if next week shows buy opportunity,i am buying it.

Quoting tiborf71
currently i don't see either buy or sell zone. maybe next week, there will be trust zones. h1
join me in GN telegram channel and plz others who use this pair most of the time,plz add my channel and share your trades,so we all benefit from it

https://t.me/GBPNZD_otherAmazingpairs

http://t.me_otherAmazingpairs

there is an underscore that doesnt show due to underline on the web address.
  • #449
  • Dec 8, 2019 2:35am Dec 8, 2019 2:35am
Probably not a great week to trade this pair.

I am looking for a breakout above or below these lines during the Asia session before I consider a trade. I never have a Bias but simply trade once the big players have made their call - probably 20 minutes after London Open.

I am not interested to know what the price is, just the mechanical process on how price seeks Liquidity, takes a feed then retreats (spike feeding frenzy)
Attached Image (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #450
  • Dec 9, 2019 10:29am Dec 9, 2019 10:29am
https://charts.mql5.com/22/994/gbpnz...l-services.png
  • #451
  • Dec 10, 2019 8:17am Dec 10, 2019 8:17am
There are nights when you should just trade and not think, no homework - just start hitting that Buy or Sell button and see what happens.
If it goes up to high, sell for a few pips - If it drops a bit, Buy for a few pips - Any trades that caught in a trap, trade your way out of them

JUST TRADE WITH AGGRESSION -

So on the Beast tonight, about 64 trades and rise in Equity 5.89%. Those are pips won after trading cost.
Some trades are on a earlier Chart and not here.

Cheers manic Rick
Attached Image (click to enlarge)
Click to Enlarge Name: gn scalp tuesday.png Size: 132 KB
Trading thin liquidity at the boundary of the charts
  • #452
  • Dec 10, 2019 3:26pm Dec 10, 2019 3:26pm
Quoting RickM
There are nights when you should just trade and not think, no homework - just start hitting that Buy or Sell button and see what happens. If it goes up to high, sell for a few pips - If it drops a bit, Buy for a few pips - Any trades that caught in a trap, trade your way out of them JUST TRADE WITH AGGRESSION - So on the Beast tonight, about 64 trades and rise in Equity 5.89%. Those are pips won after trading cost. Some trades are on a earlier Chart and not here. Cheers manic Rick {image}
nice work......That is manic. what is the spread you get from your broker?....must be pretty good
Its all just one persons opinion
  • #453
  • Dec 10, 2019 4:50pm Dec 10, 2019 4:50pm
Quoting axecap
{quote} nice work......That is manic. what is the spread you get from your broker?....must be pretty good
Hi Acecap

Spread on GBPNZD on IC Markets vary’s during the London session from 1.7 pips all the way down to 0.3pips, if traders pay attention.
So when spreads are small, maybe you should be trading.
Interesting it can move from 0.3 to 0.7 in a second, then move back to 0.3. So I wait for that half a second window and execute the trade.

The biggest issue is you need instant execution from your broker when you need it. If there is a lag of a second or two, they are playing games with your account and are choosing to wait for the higher spread before giving you that trade, to max their
own profits.


Cheers Rick
Trading thin liquidity at the boundary of the charts
  • #454
  • Dec 10, 2019 6:11pm Dec 10, 2019 6:11pm
Quoting RickM
{quote} Hi Acecap Spread on GBPNZD on IC Markets vary’s during the London session from 1.7 pips all the way down to 0.3pips, if traders pay attention. So when spreads are small, maybe you should be trading. Interesting it can move from 0.3 to 0.7 in a second, then move back to 0.3. So I wait for that half a second window and execute the trade. The biggest issue is you need instant execution from your broker when you need it. If there is a lag of a second or two, they are playing games with your account and are choosing to wait for the higher spread...
That's good, assuming commissions are ok.. I'm paying higher than that but it also varies. I monitor with a pip spread meter constantly. My strategy includes aiming for 20 pips but happy to settle for 10 (net of costs) but also happy to let it run if the entry was good and the road ahead is clear....The big thing with this pair(unless you're trading daily or weekly charts ) is not to have any preconceived idea of short or long.....just go with it.
Trialing a bot at the moment with promising results
Its all just one persons opinion
  • #455
  • Dec 10, 2019 6:21pm Dec 10, 2019 6:21pm
Three good ones today already.....

28 pips, 48 pips, and 49 pips.......one red at 23 pips...

Attached Image (click to enlarge)
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Its all just one persons opinion
  • #456
  • Dec 12, 2019 6:35am Dec 12, 2019 6:35am
Tonight's action on the Beast


I was looking at the ADR which after open was only 38% for the day - OK its probably going to move soon.
I started trading for a few pips long on each trade, looking for some action but not convinced its going up more ( about 14 pips at the top ).
I am trading the MA's with the support of my Bias.
Then there was that telling move, a long ranging candle with no Wick and it move into my Selling Zone. Also its moving away from the middle of the chart so I expect this move to continue.
I can see when I zoom back, the Liquidity spikes are now going to attack the Buyers stops so I let it move down some more before Selling. I do take a few Buys which I close for a few wins and a loss.
When I see that M1 Pinbar and that recent popgun candle setup, I am expecting a move down even more to allow me to profit from my stacked orders off shorts still opened.

Which it did nicely.

I still have that 1 opened Sell at the top and 1 Buy currently trapped, there is still a few hours of trading time for me yet.
Attached Image (click to enlarge)
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Trading thin liquidity at the boundary of the charts
  • #457
  • Dec 13, 2019 3:25am Dec 13, 2019 3:25am
I like gbpusd for scalping and have a thought on gbpnzd:
If the pair is more volatile and has more spread you would have to widen your stops ,so if gbpnzd is about 5 times the spread of gbpusd than the risk /reward would be about the same ,but gbpnzd has to move alot more to get the same profits from gbpusd ..so it would be about the same thing

Does it make any sense ? I does in my head
  • #458
  • Dec 13, 2019 8:53am Dec 13, 2019 8:53am
Quoting mge0rge
I like gbpusd for scalping and have a thought on gbpnzd: If the pair is more volatile and has more spread you would have to widen your stops ,so if gbpnzd is about 5 times the spread of gbpusd than the risk /reward would be about the same ,but gbpnzd has to move alot more to get the same profits from gbpusd ..so it would be about the same thing Does it make any sense ? I does in my head
Hi mge0rge

On the real live trading chart, GBPNZD has longer swings even after trading costs, so you would be easily ahead provided your stops weren't getting hit. The spikes occur more often and offer far more pips.
However, GBPUSD has both good ADR plus cheap trading costs so there is little advantage for most traders unless they were a scalper like me on the M5/M1.

Most traders would be safer on GBPUSD - bottom line.

Some of us like to jump on GBPNZD when its running hard because you can pick up 20 pips in 2 minutes flat. On some days, GU is too slow.
Trading thin liquidity at the boundary of the charts
  • #459
  • Dec 13, 2019 12:03pm Dec 13, 2019 12:03pm
I guess eur-usd then gbp usd - jpy then nzd ?-- when one has a lot of experience. I also think it is important to spend time with just one pair and get a feel for it...get to know it really well ...marry it if you have to
  • #460
  • Dec 15, 2019 2:45pm Dec 15, 2019 2:45pm
Quoting RickM
Tonight's action on the Beast I was looking at the ADR which after open was only 38% for the day - OK its probably going to move soon. I started trading for a few pips long on each trade, looking for some action but not convinced its going up more ( about 14 pips at the top ). I am trading the MA's with the support of my Bias. Then there was that telling move, a long ranging candle with no Wick and it move into my Selling Zone. Also its moving away from the middle of the chart so I expect this move to continue. I can see when I zoom back, the Liquidity...
Nice trade Rick too bad we don't get these every day
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