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.
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