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Nzd Trade Balance

  • #1
  • First Post: Jan 3, 2007 2:26pm Jan 3, 2007 2:26pm
NZD TRADE BALANCE

who s traden this puppy, its usually good for 15 to 20 pips no matter how much deviation it seems
Ghost Swoopen in for my pips while no one is lookin !!
  • #2
  • Jan 3, 2007 3:08pm Jan 3, 2007 3:08pm
I would like to trade NZ trade balance as its going to improve are you going long on NZD/USD or you trade a different cross? Please let us know........
I am very much a novice to Fx but last time I lost on this trade.....
Banda
BANDA333
  • #3
  • Jan 3, 2007 3:18pm Jan 3, 2007 3:18pm
I like the way NZDUSD trends. I plan to go long ....expecting 15-20 pips.
  • #4
  • Jan 3, 2007 3:25pm Jan 3, 2007 3:25pm
hi there
If I may ask are you going for a straddle and trade the news or fading the news........
Thank in advance
Banda
BANDA333
  • #5
  • Jan 3, 2007 3:28pm Jan 3, 2007 3:28pm
i like NZDUSD tarde
all time i win in NZDUSD news
  • #6
  • Jan 3, 2007 3:33pm Jan 3, 2007 3:33pm
NZ Trade Balance moves 15-20 pips only on the average with the latest one, a surprise very NZD negative, moving only 15 pips with a quick retrace. Dangerous to straddle this one.

Current Expectation is a big -800M+. Should the result come out -500M or better, that will drive NZDUSD up to another record perhaps above 0.71 and hurt NZD exporters bad.
  • #7
  • Jan 3, 2007 3:39pm Jan 3, 2007 3:39pm
Thankx lot for isight.
Thank you , Happy piping
Banda
BANDA333
  • #8
  • Jan 3, 2007 3:45pm Jan 3, 2007 3:45pm
Quoting BurgerKing
NZ Trade Balance moves 15-20 pips only on the average with the latest one, a surprise very NZD negative, moving only 15 pips with a quick retrace. Dangerous to straddle this one.

Current Expectation is a big -800M+. Should the result come out -500M or better, that will drive NZDUSD up to another record perhaps above 0.71 and hurt NZD exporters bad.

That was a quick retrace indeed.

The data was not very hot coming a only a little better than expected.
  • #9
  • Jan 3, 2007 3:47pm Jan 3, 2007 3:47pm
NOT GOOD
didnt touch my orders
  • #10
  • Jan 3, 2007 3:48pm Jan 3, 2007 3:48pm
What a disaster. My currenex platform didn't work fine and I've got -1 pip instead +10.
  • #11
  • Jan 3, 2007 3:50pm Jan 3, 2007 3:50pm
Quoting jon167
What a disaster. My currenex platform didn't work fine and I've got -1 pip instead +10.
Me too - by the time my broker got me in, was already on the retrace - still got out even so could have been worse! Hope you guys did ok..
  • #12
  • Jan 3, 2007 3:51pm Jan 3, 2007 3:51pm
This piece of NZ news retraces quickly. It seems to be best traded using LIMIT BUY and LIMIT SELL 15 pips away from the last price.

I'll try that next time.
  • #13
  • Jan 3, 2007 3:55pm Jan 3, 2007 3:55pm
what site do you use to listen to the news? what platform do you use to trade? I use OANDA and it didnt move very much at all
  • #14
  • Jan 3, 2007 3:56pm Jan 3, 2007 3:56pm
I should have gotten in before the news because my broker requoted me and messed up my plan. I may come out with +5 now.
  • #15
  • Jan 3, 2007 3:59pm Jan 3, 2007 3:59pm
I was in at 0.7064, my problem was when I clicked the sell key at 0.7074 and it was ignored.

Quoting forexprincess
Me too - by the time my broker got me in, was already on the retrace - still got out even so could have been worse! Hope you guys did ok..
  • #16
  • Jan 3, 2007 4:04pm Jan 3, 2007 4:04pm
Quoting BurgerKing
This piece of NZ news retraces quickly. It seems to be best traded using LIMIT BUY and LIMIT SELL 15 pips away from the last price.

I'll try that next time.
I used a limit still got slipped!
  • #17
  • Jan 3, 2007 4:23pm Jan 3, 2007 4:23pm
got in at .7069 out at .7074 for just +5 pips. I think BK's idea (sell +15 and buy -15) is good, but we need to know the numbers before jumping in because one out of four times it moved by 30 pips.
  • #18
  • Jan 3, 2007 4:28pm Jan 3, 2007 4:28pm
Did anyone trade this one on Oanda? I started to. News should be no problem on their platform.
  • #19
  • Jan 3, 2007 4:45pm Jan 3, 2007 4:45pm
I'm still in can't let that bucket shop win down 1 pip
  • #20
  • Jan 3, 2007 5:23pm Jan 3, 2007 5:23pm
Quoting Pipsworth
Did anyone trade this one on Oanda? I started to. News should be no problem on their platform.
I did. I dropped 7 pips. Had the spread not been 15 pips wide, I would've made a profit...

Oanda is a great broker, but when it comes to news, only trade the big events that have good history like NFP, CAD employment, ISM, etc... anything NZD or AUD is too inconsistent. Actually, AUD is the worst. I won't touch it nor will I touch JPY news...
Mr. Trend
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