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IvanLabrie
21 Jul 2015 pukul 14.41

Pair trade: Short NZDUSD, Long GBPUSD 

British Pound/U.S. DollarFXCM

Huraian

I'll open a pair trade to minimize risk in my GBPUSD long setup.
There's a weekly sell opportunity in the NZDUSD chart, which will give me a relatively low risk entry as per my analysis that gold isn't done falling, and that NZDUSD (and GBPNZD will resume the trend they are in).
Position size is based on the ADR figures for both pairs, risking 2% and aiming for the targets on chart. There will be no stop loss, so, if you find this idea attractive, take the trade at your own risk.
  • GBPUSD's ADR: 112.7 pips
  • NZDUSD's ADR: 89.7 pips

Thus, I'll open two positions, adjusting the NZDUSD one by 1,25x to match the GBPUSD volatility.
The setup on chart shows a conservative SL in case you'd rather trade it individually.

Good luck,

Ivan.
Komen
IvanLabrie
Staying out for now:

Too many possible outcomes for my liking.
IvanLabrie
I'll let the low risk entry run, if it works great, if not I'll lose 0.15% and wait.
IvanLabrie
entered a small long here:



0.5% risk
IvanLabrie
Entry 1.5507, SL 1.54657, tp: 1.67
moneymaking
Hey Ivan, nice one mate. I'll add to my current long after the market break and close above previous structure:

IvanLabrie
Yes, the pattern seems to be working!
IvanLabrie
Any of you guys took the GN trade?

moneymaking
Not really Ivan. I had a long pending trade just lower than your entry point. Good Work mate :)
IvanLabrie
Ah, a shame. :(
moneymaking
Ya, I am not that good with GBPNZD pair. It moves to fast for me.
Lebih