Learn to avoid news events - NZDUSD BUY TRADE 2014 09 30

VISIT: http://WWW.4XEDGE.COM/LEARN to learn our Counter-Trend Scalping Method *****GET 25% FOR THE LIFETIME OF YOUR ACCOUNT, USE COUPON CODE: youtube_25%off Video Transcript: This trade occurred around 8:30am (UTC) when we spotted a NZD line extending downwards in Short Term Currency Barometer Histogram. Let's check the scheduled news events: some events happening now and some incoming, but none of them related to NZD. While we wait for NZD to reach the 25 level on the histogram, let's check ATR table for potential pairs for trading. NZDUSD and NZDJPY are our potential pairs for trading, we just need to wait for 1 min ATR to become 2 or more pips. We now see USD extending on the Histogram, looks like our pair will be NZDUSD. 1min ATR on NZDUSD is 2.3 pips. Moving on to X-Scalper now! Aqua blue bar is in dark red. Since the purple bar is also over-extended, we will wait for confirmation from any of the 3 middle bars. Open the NZDUSD BUY trade @ 0.7753 Set the Stop Loss @ 0.7723 We are now following the action on X-Scalper, S.T. Barometer Histogram and on Metatrader. Move the Stop Loss to opening price, a.k.a. the Break Even level Something is happening on the market now, let's check the news! There are 3 scheduled EUR news events, just released now! However, they are not related to NZD or USD. Looks like the news caused some disturbance on the market. We can also see multiple pairs extending on the X-Scalper. At this point the price-action ran over the Break Even level and our trade was closed. SUMMARY NZDUSD BUY trade Opened @ 0.7753 StopLoss set @ 0.7723 Trade closed @ 0.7753 With profit of: 0 pips (spread not included) How the trade ended: Price-action hit the Break Even level after a sudden market disturbance REMEMBER FROM THIS VIDEO: Avoid trading around significant scheduled news events for major currencies (EUR, USD, JPY), even though they are not related to the currency pair you are trading