Inside the Currency Market: Trade Recommendation #15 GBP/NZD

Trade Recommendation # 15 Sell GBP/NZD at 1.9572 to Target = 1.9517, + 55

Mathematical Stop, My Benchmarks = 1.9555, 1.9553, 1.9524,

Posted trades here are part of an educational experiment to prove math predicts market prices and targets. Trades for me are live as part of this experiment to honor my committment to trades and targets. Please manage your trades and stops based on account levels.

So far, this experiment has yielded 11 closed trades since Oct 25 with + 900 pips. 3 trades are open and ongoing. The goal is 20 trades, 20 wins, each trade is recommended to yield at least 50 pips with an overall target of 1200- 1500 pips. Although this may change upwards as time progresses.

Many supported this educational experiment and all are appreciated. I especially thank Francesc Riverola at Fx Street to allow this experiment to progress to current levels.

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Comment by Brian Twomey on November 18, 2012 at 10:20pm: GBP/NZD sell 1.9572, Target 1.9517, Hit, + 55, 12 trades closed since Oct 25, + 955 pips total. More on the way

Comment by Oasis on November 18, 2012 at 10:48pm: Congratulations Brian.

Comment by Sundaram on November 19, 2012 at 1:43am: Dear Brian,

I remember GBP/NZD, shooting up almost 90+ pips from your entry on Friday. I did take a trade on this and it hit my SL. Just out of curiosity, do you have stop loss for all these trades?

Comment by Brian Twomey on November 19, 2012 at 2:53am: Hi Sundaram, Normally I fully outline the upside and downside targets for each trade so I know each price point at every interval. No mysteries exist because I know exactly what price is doing at a certain price point, I know where the market is trading at present levels, I know where its headed and I know possible trouble spots. I did not factor the upside targets for this trade only the downside because I was fully confident in my target. In most instances, a stop loss is not needed if confidence exists in targets. If price extremely deviates, I either bail out quickly with a slight loss or manage the trade back to either profit ot breakeven. Those day are rare but it happens. the long 1.2850 is one example. The sell 127.60 GJ trade got away after the market reopened from the 2 day close. But that allowed addition of positions to the same target for additional profit.

I apologize to you Sundaram sincerely on the SL.

Comment by Brian Twomey on November 19, 2012 at 2:59am: Hi Srinivas, Very good Srinivas, glad to see it

Comment by Sundaram on November 19, 2012 at 3:58am: Dear Brian,

Thank you for your reply. This GBP/NZD pair is new in my trading list and was my first trade in it which went wrong. Please do not apologise as it is not your fault at all.

Comment by Peter jcp on November 19, 2012 at 8:50am: Well Done Brian on the GN. I have read the Gann article in the magazine and found it fascinating as well as many other articles on technical analysis. Have a good week regards Peter

Comment by Brian Twomey on November 19, 2012 at 12:37pm: Sundaram, Currency pairs are arranged as Bond / Bond, (GBP/ CHF, GBP/ NZD) Bond / Yield, ( AU, NU), Yield / Bond, ( UJ ), Yield / Yield ( EU, USD/CAD) . These arrangements change market to market. AU, NU in Asia trading = Bond / Yield, US Trading = Yield / Bond. Yen vastly changes market to market, pair to pair, price to price so must be careful and always monitor.

Compare GBP/CHF to GBP/NZD, same pair but never sme point movements.

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