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GBPNZD trading calls

  • #741
  • Feb 10, 2015 12:23am Feb 10, 2015 12:23am
Quoting 2012mysterio
Longs to 2.075 initially starting to look like a good plan to me. Anyone here attempting longs here at 2.05?
At the moment my tp is 2.062.
2.075 could be my tp2.
Which tf do u trade?
  • #742
  • Feb 10, 2015 12:57am Feb 10, 2015 12:57am
Quoting Idkurv
{quote} At the moment my tp is 2.062. 2.075 could be my tp2. Which tf do u trade?
Hi Idkury, I trade mostly 1H TF. But really I trade multi -TF. (1H, 4H, Dly).
  • #743
  • Feb 10, 2015 2:04am Feb 10, 2015 2:04am
I think I should close my gn before the news in less then 90 mins...just to be safe..
  • #744
  • Feb 10, 2015 2:07am Feb 10, 2015 2:07am
Quoting Idkurv
{quote} At the moment my tp is 2.062. 2.075 could be my tp2. Which tf do u trade?
Gn trying to break sma400 5m, sma50 30m...will see what happens
  • #745
  • Feb 11, 2015 3:19am Feb 11, 2015 3:19am
Technically speaking, we are having a pennant forms on the daily chart.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-02-11_0-50-47.jpg Size: 140 KB

Attached Image (click to enlarge)
Click to Enlarge Name: 2015-02-11_0-51-04.jpg Size: 139 KB

Although the target seems quite sweet, I strongly feel it's essential to have good solid fundamental dive to support this possible take off to the 2.2300 level.

Rate hike rumor again surfaced in the past week as UK job market and wage shows consistency improvement in the past months.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #746
  • Feb 12, 2015 2:05am Feb 12, 2015 2:05am
Quoting FXSayWhat
Technically speaking, we are having a pennant forms on the daily chart. {image} {image} Although the target seems quite sweet, I strongly feel it's essential to have good solid fundamental dive to support this possible take off to the 2.2300 level. Rate hike rumor again surfaced in the past week as UK job market and wage shows consistency improvement in the past months.
Indeed....

If Today Carney opens upside way .... and considering further rate cut from RBNZ this is what we might see coming weeks....
Attached Image (click to enlarge)
Click to Enlarge Name: GN.jpg Size: 130 KB
Journey is more important than destination
  • #747
  • Feb 12, 2015 12:37pm Feb 12, 2015 12:37pm
Hello fellow Traders! I've attached the screenshot that shows the bid-ask spread for GBPNZD jump to 150+ pips for 1 second today (Thursday Feb 12, 2015) at 8:30 am at Oanda . Needless to say, my stop was hit. There was no news for either GBP or NZD today (Thursday Feb 12, 2015) at 8:30 am so I'm confused why the spread increased by nearly 15 times for 1 second.

Do you'll notice this with your forex brokers too? I've been bit one too many times by my stop getting hit when the the spread jumps like crazy for 1 second at Oanda. Please let me know if you noticed this today with your fx broker. Thank you!!
Attached Image (click to enlarge)
Click to Enlarge Name: oanda_gbpnzd_150pipSpread_021215.png Size: 95 KB
  • #748
  • Feb 12, 2015 1:11pm Feb 12, 2015 1:11pm
Quoting herenow0
Hello fellow Traders! I've attached the screenshot that shows the bid-ask spread for GBPNZD jump to 150+ pips for 1 second today (Thursday Feb 12, 2015) at 8:30 am at Oanda . Needless to say, my stop was hit. There was no news for either GBP or NZD today (Thursday Feb 12, 2015) at 8:30 am so I'm confused why the spread increased by nearly 15 times for 1 second. Do you'll notice this with your forex brokers too? I've been bit one too many times by my stop getting hit when the the spread jumps like crazy for 1 second at Oanda. Please let me know if...
This happened

BOJ said to see any Extra Stimulus as Counterproductive for Now

No one expected.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #749
  • Feb 12, 2015 1:15pm Feb 12, 2015 1:15pm
Quoting traderbola
{quote} Indeed.... If Today Carney opens upside way .... and considering further rate cut from RBNZ this is what we might see coming weeks.... {image}
Nope, according to today's comment, GBP is about to join the currency war by lowering its rate, too now.

Sigh, how did I not thought about that earlier?!!?
It's true GBP is on its way in recovery, but given the fact everyone else around the world are lowering the rate (expect USD), what is the chance GBP give himself a rate hike at its current condition? Chance is slim.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #750
  • Feb 12, 2015 1:15pm Feb 12, 2015 1:15pm
How does that make the spread of GBP/NZD increase to 150_ pips for 1 second?
  • #751
  • Feb 12, 2015 1:18pm Feb 12, 2015 1:18pm
Carney's BOE meeting was at 5:30 am. The spread in GBP/NZD at Oanda didn't jump signigicantly then. Then at 8:30 am when US retail sales get announced, the spread in GBP/NZD at Oanda shoots to 150+ pips for 1 second?? What gives?
  • #752
  • Feb 12, 2015 1:34pm Feb 12, 2015 1:34pm
my mistake. You are right about the time. FXCM's end has about 100 pips up-down move in a 1m bar. You light want check with someone who also use the same broker as you are. Bottom line is you are trading one of the most voalaity pairs in the fx market, as for gz, it's just another day pa reaction to a major news surprise. No hard feeling. Sorry for your lost.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #753
  • Feb 12, 2015 2:00pm Feb 12, 2015 2:00pm
I've learnt to not put any limit or stop orders. Just trade at market .. because even GBPUSD spread spikes to 300+ pips at Oanda for 1-2 seconds .. hitting your limit entry and stop orders simultaneously.
  • #754
  • Feb 12, 2015 2:20pm Feb 12, 2015 2:20pm
Quoting herenow0
I've learnt to not put any limit or stop orders. Just trade at market ..
No offences. I think you might have learned how to trade the major news release all wrong.
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #755
  • Feb 12, 2015 3:32pm Feb 12, 2015 3:32pm
Quoting alayinizAMK
I think this pair could enter range mode in these days. I am not expecting a straight reversal. {image}
Still valid. If the reversal is to happen then not much time is left. But a bit time is usually enough for gbp to mess up things, so i leave this for now untill something confirms my view.

Attached Image (click to enlarge)
Click to Enlarge Name: Chart_GBP_NZD_30 Mins_snapshot.png Size: 24 KB


Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZDH1.png Size: 33 KB
  • #756
  • Feb 12, 2015 7:50pm Feb 12, 2015 7:50pm
FXSayWhat:
#1. How do you trade when the spread goes 300 pips wide on a pair that moves 150 pips a day with a normal 3 pip spread?
#2. How do you trade when the spread grows wide for 1 sec when the news is for another currency and not the currencies in the pair you're trading?
  • #757
  • Feb 17, 2015 7:42am Feb 17, 2015 7:42am
Quoting alayinizAMK
{quote} Still valid. If the reversal is to happen then not much time is left. But a bit time is usually enough for gbp to mess up things, so i leave this for now untill something confirms my view. {image} {image}
Should have traded this. Do someone know anything fundamental about this pair at this moment? it seems like the move could last.
  • #758
  • Feb 17, 2015 8:06am Feb 17, 2015 8:06am
Quoting herenow0
FXSayWhat: #1. How do you trade when the spread goes 300 pips wide on a pair that moves 150 pips a day with a normal 3 pip spread? #2. How do you trade when the spread grows wide for 1 sec when the news is for another currency and not the currencies in the pair you're trading?

It means your broker is MM - time to look for a new one, preferably ECN.
  • #759
  • Feb 23, 2015 9:07pm Feb 23, 2015 9:07pm
Hum.... Just another typical day for GBPNZD jump 150 pips within 25 minutes.
Attached Image (click to enlarge)
Click to Enlarge Name: 2015-02-23_19-05-45.jpg Size: 132 KB
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
  • #760
  • Feb 24, 2015 2:55am Feb 24, 2015 2:55am
geezzz 250 pips and counting. No one took this trade today???
If u luv happiness, start w/ discomfort, make friends w/ pain and failure.
100 Hits 0 Miss All Time Return: 35.8%
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