Hi pipomagic how come this pair have risen so much before the RBNZ anouncements this evening 11.45 GMT which i believe are favourable to NZD
- #22
- Apr 28, 2015 1:56pm Apr 28, 2015 1:56pm
NZD is the base currency ... if the news are favorable to NZD then it should indeed rise 
- - We expecting the trad balance that is >6x the previous.
My stoploss is a Hedge in this trade.
- - We expecting the trad balance that is >6x the previous. My stoploss is a Hedge in this trade.
DON'T TRADE THE DIRECTION, TRADE THE MOVE
- #29
- Edited 5:27pm May 5, 2015 5:14pm | Edited 5:27pm
that's if they don't cut the AUD rate. The bullishness on this pair
REMEMBER: It doesn't mean the candle really has to close higher for you to make money. it also depends on the timing of your entry.
DON'T TRADE THE DIRECTION, TRADE THE MOVE
- #30
- May 5, 2015 5:20pm May 5, 2015 5:20pm
My day trading only looks to predict if the market will close higher than the open to day or lower.
That dictates that we buy support and sell resistance with cornfirmation.
Avoid potential devastating events like what will happen today with the possible AUD rate cut
That dictates that we buy support and sell resistance with cornfirmation.
Avoid potential devastating events like what will happen today with the possible AUD rate cut
DON'T TRADE THE DIRECTION, TRADE THE MOVE
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i feel your pain bro.......i cancelled the uj for +6...then adjusted my sl well below the open of the day....GU is a beast.....had a feeling stop loss around the region might be hunted...so as the level above gave way...i adjusted accordingly....but was not goint to adjust should it go below that...was at a time about 50 pips or their about in the red.....let see how it turns out.......
damn sl .. .. . damn lottery forex
i feel your pain bro.......i cancelled the uj for +6...then adjusted my sl well below the open of the day....GU is a beast.....had a feeling stop loss around the region might be hunted...so as the level above gave way...i adjusted accordingly....but was not goint to adjust should it go below that...was at a time about 50 pips or their about in the red.....let see how it turns out.......
"{quote}" i feel your pain bro.......i cancelled the uj for +6...then adjusted my sl well below the open of the day....GU is a beast.....had a feeling stop loss around the region might be hunted...so as the level above gave way...i adjusted accordingly....but was not goint to adjust should it go below that...was at a time about 50 pips or their about in the red.....let see how it turns out.......
