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NZD Release

  • #1
  • First Post: Sep 12, 2006 4:39pm Sep 12, 2006 4:39pm
Is anyone trading the news release tonight?

DC
"There is MORE Happiness in giving than receiving"
  • #2
  • Sep 12, 2006 4:51pm Sep 12, 2006 4:51pm
Is it the 22.45 GMT release of NZD Retail sale today that u r talking abt? Do u know the pip movement for this?
  • #3
  • Sep 12, 2006 5:05pm Sep 12, 2006 5:05pm
I really have never traded the NZD, so I am not sure that it is even worth any attention. I was hopin to have someone chime in who had some information about it.


DC
"There is MORE Happiness in giving than receiving"
  • #4
  • Sep 12, 2006 5:34pm Sep 12, 2006 5:34pm
I plan to trade it. I will report my results after the trade. Best wishes to us all.
  • #5
  • Sep 12, 2006 5:46pm Sep 12, 2006 5:46pm
Picked up 14.
  • #6
  • Sep 12, 2006 5:47pm Sep 12, 2006 5:47pm
Darn! I forgot this one!

I traded this last month; clean mover.
All of yuo who traded SHOULD made good profits!
  • #7
  • Sep 12, 2006 5:47pm Sep 12, 2006 5:47pm
Oh yes this is a market mover!!! I enter long before the news on NZD/USD @ .6420. Exited at .6454. +34 pips. 34$ on my mini account. That puts a smile on my face after my big loss this morning on the US trade balance.
  • #8
  • Sep 12, 2006 5:47pm Sep 12, 2006 5:47pm
+9
  • #9
  • Sep 12, 2006 5:48pm Sep 12, 2006 5:48pm
3 lots @ +20 pips.


DC
"There is MORE Happiness in giving than receiving"
  • #10
  • Sep 12, 2006 5:49pm Sep 12, 2006 5:49pm
Quoting BurgerKing
Darn! I forgot this one!

I traded this last month; clean mover.
All of yuo who traded SHOULD made good profits!
I didn't forget... but I still missed it. Just as I sat down to make the trade (coming back from dinner), I saw it spike. Was hoping to recover from today's losses on the US trade balance as well.

Congratulations, Crestwind!
  • #11
  • Sep 12, 2006 5:49pm Sep 12, 2006 5:49pm
+25p, $2 500

I LOVE NZD!!!
  • #12
  • Sep 12, 2006 5:53pm Sep 12, 2006 5:53pm
Good trades, guys, Me to on that USD trade balance. Lost a bit on that one.

Just good psychology....don't ever try to MAKE UP for a bad trade, just put it behind you and refine your technique.

DC
"There is MORE Happiness in giving than receiving"
  • #13
  • Sep 12, 2006 6:00pm Sep 12, 2006 6:00pm
Quoting Crestwind
Oh yes this is a market mover!!! I enter long before the news on NZD/USD @ .6420. Exited at .6454. +34 pips. 34$ on my mini account. That puts a smile on my face after my big loss this morning on the US trade balance.
Hi,
Any reason why you went long before the release? tia.
  • #14
  • Sep 12, 2006 6:07pm Sep 12, 2006 6:07pm
Quoting drcole1
Good trades, guys, Me to on that USD trade balance. Lost a bit on that one.

Just good psychology....don't ever try to MAKE UP for a bad trade, just put it behind you and refine your technique.

DC
Thanks for the tip.
  • #15
  • Sep 12, 2006 6:09pm Sep 12, 2006 6:09pm
Quoting forexplayer
Hi,
Any reason why you went long before the release? tia.
Well I have been placing my trades before the spike trying to catch the whole spike, and then enter a reversal position thats twice my first order if it goes the other way. This way if the market goes against me it will close my trade and open a trade in that direction. Lately this has not worked so well since I have been getting slippage and some releases go one way and then go the other stopping me out on both orders, so I just decide to read reports before the news and decided which way I think the market will go based on that. Just set a s/l and let it go. For big reports like the NFP and the interest decision, I plan to have a reversal order in place to reverse my postion if the markets moves against me. Worked out well this time.
  • #16
  • Sep 12, 2006 6:11pm Sep 12, 2006 6:11pm
Quoting ragingbull94mtx
I didn't forget... but I still missed it. Just as I sat down to make the trade (coming back from dinner), I saw it spike. Was hoping to recover from today's losses on the US trade balance as well.

Congratulations, Crestwind!
Thank you.
  • #17
  • Sep 12, 2006 6:35pm Sep 12, 2006 6:35pm
Quoting Crestwind
Well I have been placing my trades before the spike trying to catch the whole spike, and then enter a reversal position thats twice my first order if it goes the other way. This way if the market goes against me it will close my trade and open a trade in that direction. Lately this has not worked so well since I have been getting slippage and some releases go one way and then go the other stopping me out on both orders, so I just decide to read reports before the news and decided which way I think the market will go based on that. Just set a s/l and let it go. For big reports like the NFP and the interest decision, I plan to have a reversal order in place to reverse my postion if the markets moves against me. Worked out well this time.
Good for you.
  • #18
  • Last Post: Sep 12, 2006 6:49pm Sep 12, 2006 6:49pm
Thank you
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