Truth is Luiz… it’s my stab at taking 1K to about a 4-5K a month income in 3 years. The nice thing is I actually get some more senior member attracted for more diversified discussions, and it gives me a chance to practice performing well under a fairly public eye. Forces me to maintain a tight game or risk embarrassment, also gives me good practice and incentive fora variety of other things trading related.
So, hope its helpful or at least interesting in some positive way to noobs and seniors alike
Sorry all, been very busy and a bit under the weather this week… will be posting more up next week, this week is just gonna be a little light on the trading side due to opportunties I see, my time to analyse markets, and a few other factors.
just reversed aud/usd short…now aud/usd long from 1.0478. 35 pip stop, 60 pip 1st target, 100 pip 2nd target.
risking 0.50%
P.S. This is primarily a “hedge”… aud and nzd have both been really strong…and my bias with the euro being to the long side… I figured I could offset any losses in the nzd based trades with an aud long. The OPTIMAL situation would be for the nzd trades to get into profitable territory… particularly the nzd/usd…and then I can close them out…and just let the aud/usd run.
If they continue to sell off as they have been so far… and i’m right about the euro in general, then the AUD/USD long should help reduce any potential downside. should these pairs fail to move in my favor.
stops on half the aud/usd long position moved to BE…the rest left where they are.
If this doesn’t break the high here ande stick…i’d expect it to drop bak down. in which case…the nzd trades will improve…but no use in just moving back and forth… so, i’ll reduce the aud/usd position if aud/usd isn’t as strong as it so far has been looking… by taking halff off at BE
