LeoYao
Long

Follower Query GBPNZD Long Term Trade Plan

FX:GBPNZD   British Pound/New Zealand Dollar
1527 13 36
To answer my follower's query regarding long term trading plan for GBPNZD             , I would say, Long it.

When it comes to black line, long;
When it comes to yellow zone, also long.

Note this is Weekly chart for long term traders.
Comment: trade active on 2.02925 which is just nicely hit black line and bounce up. now is 2.03710, around 80 pips.
Comment: Hit SL move to entry, nothing earned through first trial.

Re-enter on 2.019
Comment: today hit 1.996, almost hit my SL. now it's 2.017, a daily pin bar may formed.
Comment: pin bar formed. hit 2.0307,only win 40 pips.
Comment: hit 2.06080, 409 pips earned.
Comment: hit 2.07234, 532 pips.
Comment: Hit entry, out.
Comment: Wait for today's close confirmation
Great work ..thanks
Reply
LeoYao Roncriss
You are welcome.
Reply
Great. I'm in. Thank you. How do you catch it on the spot without continuously watching the chart? I caught it after the bounce. But that is what happened to me yesterday with the EURAUD. Newby learning I guess is what you can call it. Now I slowed down and what to profit versus loose.

Great input and love your analysis Leo.
Reply
LeoYao EricDelacrausaz
Thanks for your appreciation. Tradingview can set alerts after you set the rule. For some trades I'm very confident, i will put limit order with a SL and TP then do not care. If Sl, then just SL. nothing to regret. For the others, I will check on the price action first.
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Long Term meaning weeks or Months I guess? Basically let it sit patiently.
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LeoYao EricDelacrausaz
yes
Reply
Whats your sl for this one
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LeoYao akshasuv
hi, use money management to control.
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What is the meaning of Hit entry, out??? is it Entry order activated??
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LeoYao FxLoser
It means the SL is at entry level got hit
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Hi Leo,

So when you say wait for tonight's close confirmation, since we are all in different time zones and the different sessions at different times, when is the close confirmation?
Reply
LeoYao EricDelacrausaz
Oh, u can based on the time when USA market closes.
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Thank you.
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