Hi,
today I had a mixed day. I estimated the TRY quite good. I set up the waiting orders and it seems, that I was a good choice. Both the positions are on profit now. The market is right now in the lower half of the week range and I assume, that it will try to break the buttom of the range during tomorrow. I will try to hold that positions for a while, but I need to ba carefull not to lose completly the profit.
The ZAR position is now in heavy loss, but I think, that a correction should come, cos the day range today is very wide. Originally I expected, that the pair will head down somewhere around 13.39. Unfortunately id did not happen and the market headed up. From the mid term point of time I believe, that ZAR will strenghten. I will try to minimize the loss on this position and will close it.
today I had a mixed day. I estimated the TRY quite good. I set up the waiting orders and it seems, that I was a good choice. Both the positions are on profit now. The market is right now in the lower half of the week range and I assume, that it will try to break the buttom of the range during tomorrow. I will try to hold that positions for a while, but I need to ba carefull not to lose completly the profit.
The ZAR position is now in heavy loss, but I think, that a correction should come, cos the day range today is very wide. Originally I expected, that the pair will head down somewhere around 13.39. Unfortunately id did not happen and the market headed up. From the mid term point of time I believe, that ZAR will strenghten. I will try to minimize the loss on this position and will close it.