Position #4: Long at 2.1140
Moving along nicely, GbpNzd 2.31 and GbpAud 2.133
Closed Position #2 at 2.1412 for +51 pips.
Position #3: SL set at +140 pips
Position #4: SL set at +200 pips
Yohec and Eddie, if you carry on like this you will soon be millionaires 
Hahaha u two truly have balls of steel ā¦ I got out of GBPNZD with 70 pips before it took a dive prior to NFPā¦ What is your range usually when you put ur SL from point of Entry
Stop loss? Whatās one of those?
Seriously though, I dont consider placing one until I am a few hundred pips in profit as these pairs are so volatile you could get stopped out every time.
You have to trust yourself. Dont keep all your funds in your trading account just in case of Black Swans
I agree with eddie. I set SL only when Iām in profit and ready to exit the position.
Iām all out from GBP/AUD
Position #1: Closed at 2.1564 for +106 pips
Position #2: Closed at 2.1412 for +51 pips
Position #3: Closed at 2.1400 for +140 pips
Position #4: Closed at 2.1340 for +200 pips
Total 497 pips
Good luck eddie. It looks like itās turning around and going back up after my final SL was hit.
[B]Long term thoughts on GbpAud and GbpNzd[/B]
BoE have only ever said a rate hike would be around the turn of the year at the earliest, personally I thought all along Feb soonest but possibly May or later. The later the better for me as a UK mortgage holder. Iām not expecting a 2nd rate hike in 2016, just the one 0.25%.
GbpNzd still only halfway back to pre-credit crunch levels, so plenty of room there. China will impact Nzd and Aud more than Gbp and, like a supertanker trying to turn around, it could be years before China slowdown hits stop and reverses.
Iām willing to bet on up to 4000 pips rise in GbpNzd and 8000 in GbpAud as things stand
Iām back in the game.
Long at 2.1390
Well, I agreeā¦
I am aiming for that 3.0 markā¦
[B]Gbp predicted to rise against Kiwi and Oz[/B]
Good article supporting the long term uptrend
Gains Forecast for Pound Sterling VS Australian Dollar, New Zealand Dollar | Currency News UK
This makes good reading for followers of GbpNzd
News, Forecasts for British Pound to New Zealand Dollar Exchange Rate
Yes, I was reading that earlier todayā¦
ā¦Wheeler (RBNZ Governor) speaking in one hourā¦
Are you going to listen to the speech?
[B]Risks facing Nzd financial system have increased[/B]
Hello traders,
I have just made a video with a live commentary while watching Gov. Wheelerās press conference
and showing the reaction on the charts from NZD/USD and GBP/NZD.
Nothing really happened, as references to the exchange rate did not provide the focus of the
press conference, which was more concerned about dairy and housing pricesā¦
I am about to upload the video on my YouTube channel, and I will put a link on Forextown in the
next 10-15 minutes.
Look forward to seeing it
Rising Auckland Home Prices Pose Stability Risks ā Market Talk
10 November 2015, 23:33
15:33 ET - Home-price growth in Auckland has increased strongly with price-to-income ratios in the region now comparable to those seen in some of the worldās most-expensive cities, the countryās central bank says in a report on financial-sector stability. āInternational evidence suggests that investor loans have a higher tendency to default in the event of a major downturn in the housing market. A sharp downturn could challenge financial stability, given the large exposure of the banking system to the Auckland housing market.ā ([email protected]; @JamesGlynnWSJ)
(END) Dow Jones Newswires
November 10, 2015 15:33 ET (20:33 GMT)
Copyright Ā© 2015 Dow Jones & Company, Inc.