Gonna go short NZDUSD

10 avr. 2018

Think it needs to take a breather and come back a little

10 avr. 2018

Note

I'm long the dollar vs aud, cad, and nzd. Atm, they seem to wanna make another push higher vs the dollar. However, atm, I'm not sold on it yet and am staying long the dollar. Just not buying that they can make another significant push without giving some gains back. But I understand I could be wrong and I'm prepared to exit.

11 avr. 2018

Note

So, the market apparently feels pretty comfortable with aud, nzd and cad vs usd at these levels. Therefore, if I don't start to see some price action that I like very soon (eg, next few hours), I will just get out. Like I said, I like to pick the low-hanging fruit, and these 3 trades so far haven't been that.

12 avr. 2018

Note

Wow...weak dollar. My indicators have been saying for awhile now that the dollar should bounce, but we are finally seeing the price action that needs to go with that. The "con" of being what many would call a reversal trader is that sometimes you get in a little too early and it's a little nerve-wracking and even frustrating as you wait for the price to go your way. However, the "pro" is that even when the price continues to go against you, it should circle back before too long--unless you were way off, and as I usually try to pick the low-hanging fruit, that doesn't really happen to me: as a result, I tend to have small losses or big gains in the end after it comes back around.

12 avr. 2018

Note

As you can see from this chart, there are a few possibilities about what we are going through with nzdusd. When you look on the daily view, it looks like we may have an inverse head and shoulders or a cup and handle. But, when you look on the weekly view, it looks like we may be in a channel. However, no matter how you figure it, it looks like we are gonna go through: an IH&S is considered to be a bullish pattern as is a cup and handle, and if you think we are in a channel, it appears that the bulls failed to push the price down to the bottom of the channel as it appears that price has turned around and wants to challenge the top of the channel again, thereby implying we are likely to go through this time. And, with all of that said, I'm short. I think it's not a bad idea to be short now as the price action and my indicators on the 4h chart suggest we can definitely pull back to at least get me even. However, I am definitely ready to exit because, so far, I'm tired of this trade as it looks like even if I get even or a small profit of this, I am not gonna get paid for my time, effort, frustration and frayed nerves.

12 avr. 2018

Note

These lines will determine whether I close my position or stay short

13 avr. 2018

Trade fermée manuellement

So I ended up getting out at .7384. Funny thing is, now it looks like it's breaking to the downside, so I will be looking to get short again. However, just entered long, hoping for maybe 20 pips, then maybe short again