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.
This content is strictly for informational purposes only and does not constitute as investment advice. Trading any financial market involves risk. Please read our Risk Disclosure to make sure you understand the risks involved.