THE setup of the session (maybe even the day or week)
Ok…so, i’ve been stalking this trade for what seems like all month now… but it looks like it’s finally ready to make it’s move. I think the trade of the day will be a long on the GBP/NZD
lets take a look at the charts…
Now, if the chart isn’t convincing…take a look at the gbp/usd right now…about 20 past the wellington NZ open….
and, do the same for the NZD/USD…
if you ask me, GU looks like it’s about to bounce up
and NU looks about to drop down…and it has at least 100 pips before finding any real support…
so do the math. this GN trade IMO should be really nice.
Oh, and just in case anyone is interested, i’m still short NZD/CAD from friday…average fill is about 8107, and the same for NZD/USD, short from about 7894.
i may post a chart or two on those as well, later today.
Currency Trader X 
Cool… took half the trade off at 30 pips of profit, moved my stop up to a price that if it’s hit, i won’t lose anything…and I now have a risk free trade. 🙂 nice to start out the week with a good profitable trade. even if it’s just a very small risk amount.