Good luck to you with your thread!
EUR/NZD, ready to breakout?
- Thread starter xelite777
- Start date
Ride it...
There's probably at least 100-300 more pips in this move...
There's probably at least 100-300 more pips in this move...
You made an excellent trade! Congrats. It was at 1.6260 when I checked it. Are you still in?
Hi TradingJournals and thank you for your support.
No I closed my EUR/NZD position a few moments ago at 1.6245 (+100 pips) for a simple reason: see these back to back shooting stars and spinning tops on the chart, they are deadly, they are screaming and yelling : "Get the hell out, NOW!"
This trade has potential but I am not taking any more chances, so I will now search for another trading opportunity while still considering a possible re-entry later.
Good trade! 100 pips a day, and it won't be long before you're chartering Gulfstreams to the Caribbean...
Good timing - you missed the drop to 1.6204.. You got to keep the extra 38 pips...
Looks like its rebounding now...
Good timing - you missed the drop to 1.6204.. You got to keep the extra 38 pips...
Looks like its rebounding now...
Thanks.
Easy now, I have not reached that level yet, 100 pips a day profit is a huge challenge, even Soros cannot do that consistently
In fact, most FX traders cannot even make 7 pips a day per lot per currency pair on average (still an impressive 140 pips/month profits).
You did good too today, with that long EUR/USD trade.
If you like to give tutorial here and there, I think you seem to know those stars/hammers very well. I never really looked at them, and you seem to know it well. Hammers (that one I know, and I saw some on your recent charts). I also heard of black clouds, and I actually like the names.
Would EUR/NZD be good for a short at around 1.63 or 1.6275?
I doubt he knows how to trade.
Well I cannot possibly give a complete tutorial on candlestick charting techniques (entire books have been devoted to that subject alone, Steve Nison books come to mind first) but I will try and give a few examples here and there, sure.
I could be wrong but it seems to me that you are using fundamentals to trade. I really, REALLY do not trade that way.
What the Euro or the Yen or gold or the CAC40 are going to do in a few hours/days I have absolutely NO idea. My trading decisions are based on pure price action, and if I have a clear trading signal I pull the trigger, otherwise I stay put. In other words, I never, ever try to predict the future, all my trading is done on a "here and now" basis.
Talk to you later, the European New Car Registrations report is due in less than 10 minutes, not a big deal but you never know...