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

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GBP/NZD

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GBP/NZD... this Pair is Amazing!

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  • Are you currently Long or short on GBP/NZD?
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  • #1
  • First Post: Sep 9, 2015 7:31pm Sep 9, 2015 7:31pm
I've been trading this pair on and off for the last two months. It has generated me a lot of profit. I'm creating this thread to help my forex buddies trade this pair and capitalize on profit!

WARNING: THIS PAIR HAS HIGH SPREADS AND IS VERY VOLATILE. TRADE AT YOUR OWN RISK!!!!
Good luck and may the odds be ever in your favor!
  • #2
  • Sep 9, 2015 7:36pm Sep 9, 2015 7:36pm
Here is the 4 Hour Chart. After the big spike a couple weeks ago we have entered consolidation. We are looking for a sell signal here at the top. Wait for the sell signal. Do not sell right now!!!!! I'm confident we will get a great signal before the GBP rate decision tomorrow morning. Patience is a virtue!
Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD4HOUR.png Size: 49 KB
Good luck and may the odds be ever in your favor!
  • #3
  • Sep 9, 2015 7:38pm Sep 9, 2015 7:38pm
major trend is up been like that for the whole year, you can get 1,000 pips a week if you know how to trade it
  • #4
  • Sep 9, 2015 7:43pm Sep 9, 2015 7:43pm
Quoting SmallPaul
major trend is up been like that for the whole year, you can get 1,000 pips a week if you know how to trade it
Exactly!!
Good luck and may the odds be ever in your favor!
  • #5
  • Sep 9, 2015 7:50pm Sep 9, 2015 7:50pm
Quoting dbutton1990
{quote} Exactly!!
don't forget eur/nzd
  • #6
  • Sep 9, 2015 7:51pm Sep 9, 2015 7:51pm
you can also trade these pairs with gbp/nzd, gbp/aud and eur/aud
  • #7
  • Sep 9, 2015 8:34pm Sep 9, 2015 8:34pm
Geez damn thing don't wanna stop
  • #8
  • Sep 9, 2015 8:52pm Sep 9, 2015 8:52pm
yep, great pair. incredible volatility, but high rollover fees...AND refunds! she can be scary though 8}
  • #9
  • Sep 9, 2015 9:07pm Sep 9, 2015 9:07pm
Oh indeed, I certainly agree with you that it's *QUITE* a pair to say the least. Ever since I began looking at this pair a couple of months back now it's always like 200-300 pip days, some days even more, all due to NZD's nearly 40% discount to USD and the higher valuation of GBP vs USD. But have to confess that I wasn't playing the market right on Aug 24th and got a bit of sticker shock with this pair. So have been very cautious with it since. Really annoyed with myself that I didn't see how I should've been long. Could've made out with my first $5K+ day in all that panic that day, that frenetic NY morning .
Enter Signature
  • #10
  • Sep 9, 2015 10:24pm Sep 9, 2015 10:24pm
I've been trading this pair recently. Only using half my standard size, but winning super easy trades. This pair just trends extremely well. My broker's spreads seem to be pretty comparable to most others (6-8 pips).
  • #11
  • Sep 9, 2015 11:15pm Sep 9, 2015 11:15pm
Quoting dbutton1990
Here is the 4 Hour Chart. After the big spike a couple weeks ago we have entered consolidation. We are looking for a sell signal here at the top. Wait for the sell signal. Do not sell right now!!!!! I'm confident we will get a great signal before the GBP rate decision tomorrow morning. Patience is a virtue! {image}
What is your system?
Haven't a total discription?

Thank you
  • #12
  • Sep 10, 2015 11:10am Sep 10, 2015 11:10am
I've been trading this pair, EURAUD, GBPAUD, and EURGBP for a few years now. I used to pay attention to EURNZD, but the spread is ridiculous with this pair. It's over 9 pips with forex.com as a broker. GBPNZD is still high, 7 - 8 pips, but the daily range on GBPNZD is well over 200 pips almost every trading day!

Good spot
  • #13
  • Sep 10, 2015 11:23am Sep 10, 2015 11:23am
Quoting shadodwel
I've been trading this pair, EURAUD, GBPAUD, and EURGBP for a few years now. I used to pay attention to EURNZD, but the spread is ridiculous with this pair. It's over 9 pips with forex.com as a broker. GBPNZD is still high, 7 - 8 pips, but the daily range on GBPNZD is well over 200 pips almost every trading day! Good spot
bad spreads from a bad broker
  • #14
  • Sep 10, 2015 11:25am Sep 10, 2015 11:25am
Quoting SmallPaul
{quote}bad spreads from a bad broker
Do you live in the US? If so, which broker do you use? I've used FXCM, and now I am with Forex.com. Just looking for a reliable broker with decent spreads in the US.
  • #15
  • Sep 10, 2015 11:45am Sep 10, 2015 11:45am
Quoting shadodwel
{quote} Do you live in the US? If so, which broker do you use? I've used FXCM, and now I am with Forex.com. Just looking for a reliable broker with decent spreads in the US.
Yes i live in the u.s. i use tallinex.com, they take u.s. clients
  • #16
  • Sep 10, 2015 12:27pm Sep 10, 2015 12:27pm
looking at a short on the H4
https://charts.mql5.com/8/799/gbpnzd...om-gbp-nzd.png
  • #17
  • Sep 10, 2015 10:54pm Sep 10, 2015 10:54pm
Can you teach/guide your trading strategy for this pair?
  • #18
  • Sep 10, 2015 11:04pm Sep 10, 2015 11:04pm
hey fxstation....trade the dealer chart too....specially during asia.....4H chart
throw a slo sto runnin along at 34,3,3.....
  • #19
  • Sep 10, 2015 11:09pm Sep 10, 2015 11:09pm
Quoting fxstaton
Can you teach/guide your trading strategy for this pair?
It is simple enough:

Attached Image (click to enlarge)
Click to Enlarge Name: GBPNZD.lmxDaily.png Size: 213 KB


Buy, buy, buy

Just open a daily chart
I want to buy PATIENCE
  • #20
  • Sep 10, 2015 11:33pm Sep 10, 2015 11:33pm
still hovering right at the resistance line of consolidation. 1 hour shows head and shoulders pattern. Will it fall? Let's find out!!
Attached Image (click to enlarge)
Click to Enlarge Name: image.jpg Size: 281 KB
Good luck and may the odds be ever in your favor!
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