GBP/NZD... this Pair is Amazing!

I've invited gofishin and yermommy. I'm also a junior member so I can't send many messages. Please add your email to this Google form and I'll continue to add people: http://goo.gl/forms/iktDRQ3iPP

Cheers.

spreads can be quite high on the gbpnzd - can I ask what broker would you recommend with good spreads to trade gbpnzd - thanks

Try Eightcap, ACforex, ICmarkets, DMM forex, Darwinex

Hit a short short on the pair.. will probably close it soon at some point in profit I see lots of support below and I am not sure what, above!

Good Trading Friends

Good pair for trade, but my broker has biggest spread on that pair.

time to go long,
great retracements...

both AUD - NZD

Would love to join the group as well please.

I am thinking that short is the answer, but I have to wait to see what the close of this next 1hr bar is, but it is looking nice so far. Though.. a lot can happen in 40 minutes.. or.. in the last minute. Will check back with you, but I want a piece of this down run.....

Just do it! Welcome and feel free to post away!

I'm also short..what sort of impact will the FOMC on 15-16 Dec have?

Hi
What happened to the group?

The pair seems to be on the verge of a major break-down.
Below 2.2300 mark, the pair could easily drop to 2.1900 mark before heading towards 2.1600 mark support.
Shorting the pair aggressively, utilised the bounce towards 2.2500 to initiate fresh shorts.
Would place stop at the entry point once it breaks below 2.2300 mark.

I think a Skype group is the most stable option. Any objections to that?

To all who signed up: I've sent an email, please check your junk folder. Cheers.

@HareshBM - I thought it would break down too but it bounced off of the 2.2350 support back to 2.2700 again last night. Not really sure whether it will break down or move up again. Thoughts?

Happy weekend kiwi traders



Regards
Mark

My view from the weekly chart is that we had a bounce from a double bottom scenario, and that next week should see gn and en having further gains. Perhaps seeing 1000 pips as it reaches the last swing high.. if it does. Or... will it exceed that last swing high? Maybe not all next week, but maybe we are ready for a retest of the high at 2.5 in the near future.

This according to the weekly chart:



However, if you look at the monthly chart, it does appear that there could be further selling into Christmas.



Now, if you look at the nu weekly chart, on a first glance, you might think that this wants to go down. right?



But. nu monthly shows that last month was just a retrace from the month before, and that the pair is on its way to see higher highs this month.



So, after looking at and posting these 4 charts, I need to think about this myself and what it means. I am a bit confused at the moment, but will defintetly play my charts.

On the other hand en to me looks more concrete bullish from weekly and monthly charts. I would probably pick that over gn to start the week until I had some idea for sure what gn was doing.

Good Friends Trading

Hi all - if you would like to join the Skype group, please add your Skype ID here and I'll add you to the group: http://goo.gl/forms/A0Mj3r02sp

Why not post ideas in here?

Sustained weakness below 200-day SMA (2.2300 mark) clearly points that GBPNZD might continue grinding lower in the near-term, initially towards 2.1900 mark before heading towards 2.1650-30 support.

All good with me. I made 490 pips this week from 3 shorts at 2.2582, 2.2295, and 2.2282. Crazy! I mainly use VSA and S/R.