Right now my NZDUSD short trade which is open from 25th of August is up by almost 150 +ve pips and so I am moving the stop loss to 0.8263 locking +100 pips and +4% return.
Good call on these short comdoll and pro-dollar trades! Do you think the trends will continue though or are these overdone and corrections are due?
Right now my NZDUSD short trade which is open from 25th of August is up by almost 200 +ve pips and so I am moving the stop loss to 0.8213 locking +150 pips and +6% return.
A picture is worth than hundreds of words.
Though I am not an expert, for me the pair is on it’s journey to major Psychological area 0.8000-0.7900 at where it can find solid support on the long term ascending trend line drawn in the weekly chart. Previously the price was respecting this trend line various times as seen in Deep pink ellipses. So the Bulls may have their eyes on this area for another bullish adventure on Kiwi.
On the other hand the price has already left a double top(Yellow ellipses) connecting two extreme tops indicating a long term bearish reversal.
So Keeping my eyes on this 0.8000-.7900 area to observe price action cautiously for a potential break out or Bounce at the trend line.
My NZDUSD short trade which is open from 25th of August hit moved stop loss gaining +150pips and+6% return.
Net return in this quarter up to this trade: +17%(13 trades)
A short term Short trade on USDCAD .
Went short on a short term consolidation break.
Short @ 1.0964 with TP & SL 30 pips having rr 1:1
As it is a short term trade, I don’t want to risk further. So moved stop loss to Break even @ 1.0964
Trade stopped out at BE. No loss, No gain…
Net return in this quarter up to this trade: +17%(14 trades)
Again shorted USDCAD at a falling trend line.
Shorted at 1.1010 with SL 40 pips and TP 60 pips and therefore rr 1:1.5
Right now my USDCAD trade is in positive area and hence I am moving my SL to BE at 1.1010. So now it is a risk free trade.
My short USDCAD hit TP gaining 60 pips and +3% return
Net return in this quarter up to this trade: +20%(15 trades)
Went long on AUDUSD for a short term range play
Long @ 0.8948 with SL 0.8918 (30 pips) , TP 0.8993 (45 pips) and therefore rr 1:1.5
Yeah it’s about time this pair pulls up for a quick retracement. I’m looking to jump in short on that trend line/resistance area you marked.
This short term Long AUDUSD trade hit TP within no time gaining +3% return and +45 pips.
Net return in this quarter up to this trade: +23%(16 trades)
It is the best place to join downtrend of this comdoll. But there should be a close eye on 0.8900-0.8950 area which was a strong support previously in February and March of 2014.
A Solid close below 0.8900 can take the pair further down or a bounce can move the price to 0.9200 area as a huge correction.
Here is my 17th trade. Shorted AUDUSD below 0.8900 major psychological level.
Shorted @ 0.8895 with SL 0.8955 and TP 0.8715. rr is 1:3
Shorting the Kiwi again aiming new lows.
Shorted NZDUSD @ 0.8091 with 50 pip SL and 150 pip TP. The trade is of 1:3 rr.
Right now my AUDUSD trade is up by 50+ +ve pips. So I am moving the stop loss to entry point for a risk free trade.
Right now my NZDUSD short trade is up by 100+ +ve pips. So I am moving the stop loss to 0.8041 locking 50 pips and +2% return.
