I hit it with a full Lot Rick and did OK … nowhere near the top, but take what you can.
NZ rate calls are the ones to trade and usually you have an easy 5mins to enter.
It was Kiwi Dave who first showed it on the old forex forum. I tweaked it a bit and
although trades are rare they pan out well.
What I do is wait for the news, trade in the direction of the big move.
First I run Fibs on 1M chart close. High to Low or Low to High depending on direction.
Then enter on 5M chart if price hasn't dropped below 1M 50 Fib level.
Set your own pain levels for S/L. and Lot size. EURNZD
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