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Some good trading pre-Nz rate decision

AdamFx42 9 12月的订阅  在 #Trader's blog #NZD Short #GBP Long #EUR/NZD Long
I had a few nice trades this evening
The NZ rate cut or not is tomorrow and I knew traders would be anxious
I decided to go long Gbp/Usd because it seems supported above 1.5 at the moment
I also opened a Gbp/Nzd long to support my position
Because I knew that a possible rate cut coming tomorrow may provide a little action
Once my positions started to move I added a Eur/Nzd long
which provided me with some equity
I went short Nzd/Usd and Nzd/Cad to add to my open positions
The market seemed willi…
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4 意见
Uladzimir avatar
Uladzimir 9 12月

отличная работа

MindaugasM avatar
MindaugasM 9 12月

Adam, I really admire your performance this month. I'd love to have such a smooth graph heading upside as yours:) Still struggling with all those ups and downs though... :)

AdamFx42 avatar
AdamFx42 9 12月

Thank you for your compliment - my analysis this month has been rigorous and precise
It's all about grinding the charts and putting in the hours - everyone has it in them
GL MindaugasM

AdamFx42 avatar
AdamFx42 9 12月

Thank you Uladzimir, much appreciated :-)

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Opening new trades after waiting

AdamFx42 8 12月的订阅  在 #Trader's blog #NZD Short #GBP Long
Today I have decided to wait no more
Nzd/Usd has fallen 150 pips now since Friday, indicating traders expect the interest rate cut on Wednesday
If this sentiment prevails we should see more Nzd weakness before the decision
Therefore I am long Eur/Nzd and Gbp/Nzd beforehand
and I hope to bag a couple of pips this way
If my profits are enough before the actual decision I may get out, otherwise I will stay in
Also, Gbp/Usd is at critical support now around 1.50
I am going long here, because I feel …
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