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GBPNZD trading calls

  • #301
  • Jul 23, 2014 5:01pm Jul 23, 2014 5:01pm
Quoting remeolb
Anybody long in GBP/NZD a few minutes ago? I was short, had some profit and had just moved my stop loss to pretty close to current price. Stop loss didn't execute until 140 pips beyond my stop loss.
took 2 long positions today around 0.960, which are still open. bought more after the news.
As Above, So Below
  • #302
  • Jul 23, 2014 5:02pm Jul 23, 2014 5:02pm
Quoting stf77
Personally I was short and got destroyed. But I think the price paid was well worth the lesson learned. The phrase, "buy the rumor and sell the news" comes to mind. An interest rate hike of 3.5% was expected (rumored) on the NZD and it traded accordingly (GBP/NZD went down). But just think about WHEN news is released; if it turns out to be 3.5%, then nothing really happens because it was priced in already, and if rumor was false and it was lower, then GBP/NZD would have shot up. So either way, i should have probably have taken my profit before news....
sorry to hear that... things happen. hope the position was not that big. good luck next time.
As Above, So Below
  • #303
  • Jul 23, 2014 5:12pm Jul 23, 2014 5:12pm
Quoting remeolb
Anybody long in GBP/NZD a few minutes ago? I was short, had some profit and had just moved my stop loss to pretty close to current price. Stop loss didn't execute until 140 pips beyond my stop loss.
This can happen easily on such strong movement like that, the broker won't honor you SL and you can have a bad drawdown or even blow up your account if you don't have a good money management, this can also happen during the market open on Sunday, even if your SL is above your entry point and there is like 100 pips gap, you can be stopped out with a loss. Also another thing to consider, if you want to trade the announcement by placing pending buy and pending sell orders on certain levels, the broker can fill you with a huge gap, my broker once gave me 50 pips gap from my entry point and it doesn't worth complaining about it to the broker.

I think the best thing to do is take your profit and go fish somewhere or if you out of the market, wait for the dust to set and trade accordingly.
  • #304
  • Jul 23, 2014 5:38pm Jul 23, 2014 5:38pm
Quoting tashkent
{quote} took 2 long positions today around 0.960, which are still open. bought more after the news.
If you bought today around 1.96 area and before the announcement the price was at 1.9567, you were in temporary a loss, what happen to remeolb and stf 77 could have happened to you or anyone else, I hope you aware of that, I tell that because we tend to get confident of consecutive winnings, but one big loss can sweep all winning trades. But congratulations anyways on your trade, last week I went long @ 1.9398, got 245 pips and walked away, should I have held until today I'll be extra 140 pips in the green, but it's better to be out of the market wishing your in, than be in the market wishing you're out.
Happy trades to everyone.
  • #305
  • Jul 23, 2014 6:34pm Jul 23, 2014 6:34pm
Quoting Fx 35
{quote} If you bought today around 1.96 area and before the announcement the price was at 1.9567, you were in temporary a loss, what happen to remeolb and stf 77 could have happened to you or anyone else, I hope you aware of that, I tell that because we tend to get confident of consecutive winnings, but one big loss can sweep all winning trades. But congratulations anyways on your trade, last week I went long @ 1.9398, got 245 pips and walked away, should I have held until today I'll be extra 140 pips in the green, but it's better to be out of the...

definitely agree with you.
i was just lucky.
As Above, So Below
  • #306
  • Jul 23, 2014 6:45pm Jul 23, 2014 6:45pm
personally i use a costumised saxobank trading acc and i have to say i didn't get any problems on my stoploss at all. stopped my in the midle of the downwards movements granting me peace of mind and some money .
Just though you should know because i think it was an awesome job they did and it deserves some credit.

Best regards though i hope you get that money back
  • #307
  • Jul 23, 2014 7:02pm Jul 23, 2014 7:02pm
closed all 3 longs at around 1.9785
still sticking to plan (i posted a chart in this thread on july 18) and willing to buy at a retracement again. let's see how market will behave.
here is the chart (the small triangles are my entries)
Attached Image (click to enlarge)
Click to Enlarge Name: gbpnzd.png Size: 51 KB
As Above, So Below
  • #308
  • Jul 24, 2014 1:35am Jul 24, 2014 1:35am
Going to the same way. Would expect 1.9900 zone. Will wait and see more move.
Learning and Learing
  • #309
  • Jul 24, 2014 6:04am Jul 24, 2014 6:04am
well, this speculation proved to be true: http://www.forexfactory.com/showthre...37#post7616737

would have shorted at 1.9870 had not it happened while i was asleep.
As Above, So Below
  • #310
  • Jul 24, 2014 12:00pm Jul 24, 2014 12:00pm
selling worked out on the daily too, even at at the 53 level would have worked nicely for at least 2x. hope someone caught this
DM if you have any questions
  • #311
  • Jul 24, 2014 7:46pm Jul 24, 2014 7:46pm
if news move the market, it may end up being a spike. waiting what will happen.
As Above, So Below
  • #312
  • Jul 24, 2014 8:28pm Jul 24, 2014 8:28pm
Hi guys.

GN on my opinoin , she will continued to the yesterday high for one more and might pull back below 1.9770zone.

so there is enough pip for both side to play during today.

Wheter she will go wish u guys get a green pips.

ps. I was out of the game yesterday T_T , No Sl while i sleep , its hurt.
Learning and Learing
  • #313
  • Jul 24, 2014 8:41pm Jul 24, 2014 8:41pm
Quoting tashkent
if news move the market, it may end up being a spike. waiting what will happen.
so this means market is indecisive right now, await range; great for scalping.
Attached Image (click to enlarge)
Click to Enlarge Name: Clipboard02.jpg Size: 89 KB
As Above, So Below
  • #314
  • Jul 25, 2014 12:10am Jul 25, 2014 12:10am
Took a trade fading the NZD rate hike rally. 50+ pips not too bad.
Normally I stay away from the rate hike section, I give half day to let the price to settle down.
Took a short after price slip under 1.9850
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-7-24 21-55-47.png Size: 137 KB

Target 1.9800 hit
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-7-24 21-56-19.png Size: 130 KB

Target 1.9750 hit
Attached Image (click to enlarge)
Click to Enlarge Name: 2014-7-24 21-56-29.png Size: 131 KB


http://www.forexfactory.com/showthre...60#post7630160
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #315
  • Jul 25, 2014 3:26am Jul 25, 2014 3:26am
GBP-NZD h4 has almost a double top.
  • #316
  • Jul 25, 2014 3:38am Jul 25, 2014 3:38am
Quoting BogiFX
GBP-NZD h4 has almost a double top.
Good observation, the question is: Do you dare to jump in?
Fix up, trade sharp ...
  • #317
  • Jul 25, 2014 3:39am Jul 25, 2014 3:39am
I will wait for just a little and my Short is loaded and wait to launch.
Learning and Learing
  • #318
  • Jul 25, 2014 4:26am Jul 25, 2014 4:26am
Quoting Hickson
{quote} Good observation, the question is: Do you dare to jump in?
I left a short order and i'm in now.
  • #319
  • Jul 25, 2014 6:38am Jul 25, 2014 6:38am
Quoting BogiFX
{quote} I left a short order and i'm in now.
Loaded 4 Short Position
Learning and Learing
  • #320
  • Jul 25, 2014 7:43am Jul 25, 2014 7:43am
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD daily.jpg Size: 364 KB
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