Forex Signal Trade Review on NZDUSD traded on 15 July 2016
Top Forex Trading Strategies - 140 pips profit in NZDUSD
Tflow® Forex Traders were getting ready for shorts in the NZD after RBNZ had an unexpected economic announcement scheduled on 21st July 2016 (Thursday). Subsequently Binni sent a real time notification to ‘The Alien Room’ subscribers that this unexpected announcement could be the first hint for NZD to weaken.
— TerraSeeds FX Tflow® (@terraseeds) July 14, 2016
Simple Tflow® Analysis
Since the uptrend in NZDUSD was still intact, price was seen resisted at the top of ED Channel (Equidistance Channel) and we went short into NZDUSD on 15 July 2016.
NZDUSD Trade Overview
In Tflow®, we were taught to wait for a good close on HTF (Higher Time Frame) to execute the trade. In this case, NZDUSD shorts met certain requirement in Tflow® theory and the most encouraging thing was that it did a Wash N Rinse* of certain price level. Wash N Rinse is how professional traders fade price movement.
Our shorts in NZDUSD were then executed basis mixed of multiple Limit Orders and Market Order. In case you are confused about RISK Trades = place Limit Orders, we would like to point out that NZDUSD trade had a normal Tflow® trigger, unlike other RISK trade that we did previously (EURCAD & AUDJPY).
The reason why we set multiple Sell Limit orders in NZDUSD was because we were hoping to get a better price with lesser risk involved. However, Limit Order does not guarantee filled market order as it depends on the price movement.
How Tflow® Forex Traders did it?
The first intended entry price was to place a sell limit at 0.72 (missed) but some of our students like to add 10-20 pips buffer to the level, so this batch of students should have gotten filled on 15 July 2016 at the high.
We turned into market order at 0.7122 on 17 July 2016 after trigger confirmation.
Sell Limit order was filled on 18 July 2016 at 0.7140 which was mentioned in the G+ on 15 July 2016.
— TerraSeeds FX Tflow® (@terraseeds) July 18, 2016
The last batch of entry was filled into 0.7105 – 0.7115 on 19 July 2016 and finally all batches took profit at 0.7015 – 0.7010 as said in G+ before RBNZ Economic Report.
*The second TP level 0.6950 reached after the Economic Report on 21 July 2016.
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@terraseeds ThankYou Binni for all the winning trade "Result speaks louder than words."
— Christine (@Chriskongyh) July 21, 2016
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