Damn noone was trading that killer NZD report? another stunner!
Btw, I think that the NZD is the sole currency I would be long against the dollar. Im not prepared to put my money down just yet, but I have a feeling we will breach .67 here shortly. the central bank is hawkish, but officials are dovish. The central bank consistently wins! (Besides the BOJ )
I exchanged this report.
I straddled it because it is apparently a very consistent performer.
I tightened my entries prior to the release and tada
I shot 2 lots @ 10 pips
Left 1 lot in Breakeven with a trail.
DC
I took 22 pips and that entered before the spike. I saw an intial that a whipsaw of 7 to 10 pips, then, as it retraced on the sell. Everything else came out as anticipated. I do not trade retail sales, or anything to do with NZD, but. Now was a good,
by the way. I do not, or did not straddle. Nor do I use any news feeds.
The number came under consensus in 0.0%, consensus was 0.1%.
I did not exchange this one when I watched the number came out so near, the kiwi constantly surprise me
Perfect installation. .
Straddle 10 pips distance, 15 pips TP, 5 pips spread
it made a 30 pip first salvo before the retrace; only exactly touching my depart price.
The other broker enlarged spread so that I was not able to take whole advantage of it.
I use FXSol....just to reply to your question. It is not a recommendation.
Every broker has it's own rules. . .you need to get to know them and trade.
I feel that it is not really the broker, but how you adapt to the market which makes one successful.
DC
BTW
I would like to express deep appreciation for all your hard work. Your charts have framed my egy all week and I have had very great deals.
I know I could do the research myself, but I truly appreciate your job. If there is anything that I can do to help or be of some help allow me to know.
DC