Hi Traders,
after blowing off my account, down 50.000 , I managed to put it back around 210.000 with nice trades on CAD. Then, I sold NZD much earlier, not taking into account the big news coming ahead, well at least, that's my explaination and got back down below 100.000. A certain lack of consistancy I must admit. But I'm still in the game and quite satisfied with the direction given by my system. We always have to be careful ( no shit Sherlock!).
1.Trade at high expected volatility.
2. Take trades which have a great potential of pips.
3. Set reasonable , small stop loss unless your trade has a comfortable green carpet.
So? what's next?
I believe NZDJPY has a huge potential on the way down. This is a very volatile month due to all the reports and decisions taken on interest rates.It's also the end of the year with all that this might take.
I'm looking at EUR trades also. I like EURNZD (even if it looks ugly at the time I'm writing these lines , 132.30) and EURCHF , on the other hand, I think GBP is losing it but won't touch it at current levels.
One last thing, I will buy AUDNZD if it manages to open above 1.1010.
The last Star Wars is in the dark rooms!
More than ever, may the Trend be with you all :-) !