Today did not o so well...
My poker hand has yet to improve....And i took some trades which ended in a loss of all the profit i had made this week..
I was trading against the trend, so i am not surprised by the outcome of those trades..Thankfully, I was able to cut my losses on time..I have taken a short EURNZD position...I am expecting the NZD to start a major rally very soon, i read some economic report about how the NZD is expected to end high this year..I also saw some good candle patterns to support this theory...
I have set a resonable stop loss and will let this trade run till Friday, hopefully the profit should be bountiful.....If not, back to my strategy..and this is definitely the last time i am going against the trend....
Happy trading folks!!
My poker hand has yet to improve....And i took some trades which ended in a loss of all the profit i had made this week..
I was trading against the trend, so i am not surprised by the outcome of those trades..Thankfully, I was able to cut my losses on time..I have taken a short EURNZD position...I am expecting the NZD to start a major rally very soon, i read some economic report about how the NZD is expected to end high this year..I also saw some good candle patterns to support this theory...
I have set a resonable stop loss and will let this trade run till Friday, hopefully the profit should be bountiful.....If not, back to my strategy..and this is definitely the last time i am going against the trend....
Happy trading folks!!