Trade Results: NZD and NOK

This week's trade theme was NZD and RBNZ.

The RBNZ failed to deliver to the 5 day interest rate rule as RBNZ interest rates traded less than 5 basis points in 5 days. The RBNZ informed long before the statement to on hold for OCR.

But did we really need the 5 day rule for the NZD trades to work perfectly. No we didn't as math rules dominated the actual weekly trades. The trades and results below as posted.

NZD/USD

Long 0.6394 and 0.6383 to target 0.6496.

Low 0.6378, High 0.6479.

Trade runs from 0.6383 +96 pips and 17 pips to target.

NZD/JPY

Long 70.22 and 69.88 to target 70.75.

Lows 69.98, Highs 70.75. Target Complete +77  pips.

2nd Leg. Long above 70.89 to target 72.21

Highs 71.31, Trade Runs +41 pips.

Total 118 pips and 2 trades.

70.75 Vs 70.89? Remember the non touchable gray area prices highlighted in many posts.

NZD/CHF

Long 0.6251 and 0.6239 to target 0.6339.

Lows 0.6236, Highs 0.6323.

Trade Runs +87 pips and 16 pips to target.

Total 4 trades and 301 Pips.

The trades are few and perfect but profits high.

USD/NOK

Short 9.3039 and 9.3168 to target 9.1367.

Highs 9.3057, Lows 9.2040.

Trade runs +999 Pips and long way to target.

EUR/NOK

Short 10.1906 and 10.1957 to target 10.1235.

Highs 10.1938, Lows 10.0569.

From 10.1938 to 1.1235 trade ran +703 Pips. To 10.0569 trade runs +1359 pips.

Watch 10.0512 break  for next leg lower.

GBP/ZAR

Short 19.4365 and 19.4448 to target 19.2370.

Highs 19.5342, Lows 19.1092.

Forced to add 1 lot on missed entry.

From 19.5342 to 19.2370 = 2972 pips.

From 19.4448 to 19.2370 = 2078 Pips.