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GBPNZD +170 Pips Profit

Daytrader21 Posted 5 June  in #Trader's blog #Bullish #Drawdown #GBP/NZD #Momentum
So far my best trade was going long GBP/NZD and even though the trend was well mature and one may think it was oversold I still saw the possibility of another marginal new high above Monday's high near the 2.1600 level. The momentum was still strong and the pattern was there for the upward trend to continue so I give it a shoot. My entry was based on the minor support level from 1h intraday chart.
Before this trade I was in a 30% DD but with this trade I've managed to bring my account back in pr…
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NZD Dollar Crosses

Daytrader21 Posted 23 Dec.  in #Trader's blog #Crosses #GBP/NZD #EUR/NZD
Today I want to take my time and give a full explanation for my last, two profitable trades, EUR/NZD and GBP/NZD. I took a long position in both of this pairs, Wednesday 18 December, in the morning before the Fed taper decision. For me this trade was more a kind of "synthetic" (not per se) trade. I was expecting NZD dollar to weaken and therefore I was looking in the crosses to maximize my profits as I knew they will be moving much more than NZD/USD.
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Metal_Mind 24 Dec.

Yep you aced this one. Is preety hard to get a profitable trade on gbpnzd. It's volatility is a bless but it's spread a curse and might just came back and bite your account.

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HOANG_MAI_NHI 27 Dec.

good job

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GBPNZD Trading Crosses

Daytrader21 Posted 9 Dec.  in #Trader's blog #Trading #Nfp #Support #Resistance #Crosses #GBP/NZD
The crosses currency pairs can provide you some great trades as well as they tend to move quite a lot, and although this currency pairs may have a wider spread this can be offset by the fact that they trend in a daily range of 200p pips or even more. Cross currencies simply refer to currency pairs, or crosses, that do not involve the US Dollar. Trading in these pairs is often more difficult and riskier than trading major pairs, but as I said earlier you can make lots of pips trading them if you'…
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3 Comments
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Metal_Mind 14 Dec.

It is a great pair with a huge potential. The volatility in this pair is a double edge sharp sword that usuly slice your account in two if you take to much exposure. From my personal notes on live trading this pair i discovered that higher performance while trading this pair is to trade it on low volumes or for example 10 % max exposure .The fact that this pair can instantly rise 100 or even 200 pips in a 1 to 5 minute period very easily without major news involved makes it very dangerous to trade.What makes it profitable is a strict money management.

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Metal_Mind 14 Dec.

Large volumes traded in a run for short term large profits will get you bankrupt quickly.The most that you can profit of this pair is by trading it alot in smaller volumes, expusure. You will take smaller hits to your account but you will survive. This pair is not EUR/USD. !! This pair is not a pair you want to be bleeding......It ca jump 100 pips in 5 minutes against you and next hour another 200 pips against you. You had a bad trade ...Close it . Accept your loss and go further.I wrote from my personal live trading experience. My buddy Daytrader 21 can confirm it.

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Metal_Mind 14 Dec.

Good blog buddy !!! Very good!

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