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Some good trading pre-Nz rate decision

AdamFx42 Опубликовано 9 Дек. в #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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Opening new trades after waiting

AdamFx42 Опубликовано 8 Дек. в #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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Some good trading pre-Nz rate decision

Opening new trades after waiting