March 2014

Firstly an update to my previous post where I cited GBP:NZD as the favoured swing trade from my watch list. Yet again it performed as expected but yet again I didn't enter the trade due to my focus being elsewhere. However, it may not be over for that pair and I do continue to watch it in case it develops into a larger and more sustained move down but clearly the safest entry point for such a move has now passed. If you took the trade yourself than a trailing stop would probably be a sensible precaution maybe 200 to 250 points above the current print of 1.9745