This morning in today’s chat room I was reviewing the positions I entered on the kiwi weakness triggered by a handful of RBNZ Gov Wheeler’s statement.
Yes, sound bites can move a market! But more importantly I outlined the process I go through to see if the volatility is something that leads to a trade entry. You see I am not trading the volatility for the sake of the movement alone – I am MORE interested in where that price movement leads the pair.
In this case it triggered three entries: The GBP/NZD, AUD/NZD,and NZD/JPY.
I get into all the details of how you can understand these events and set up trades accordingly. Here’s the video:
If you like this video I have another for you: Are the pairs you choose set up to win?
Leave ’em here at the blog.