As the trade went on, I decided to move my SL to 0.88529 just so that I wouldn’t lose so much if ever price started to move in the other direction behind my back.
Anyway, I was able to hit my TP for this trade and I was able to bag 94 pips! Yaaaay. Haha. Looks like waiting aroung somehow paid off.
I’m looking at my chart now and it seems like price is still within the descending channel I originally drew. I think I have to check the other charts for these currencies to see how they’re doing. I think I’ve been seeing a lot of NZD pairs around. I’m gonna look it up to see if I could still go back in ang bag more pips.
NZDUSD price is still below my 50 and 200 MA. Although there’s that green candle that might signal a change in market direction.
While USDCAD is still ranging above my 50 and 200 MA.
I’m thinking of opening a new position, but I’m still gonna look around for now. I’ll update you guys as soon as I can!
Hello hellooooo! Happy Tuesday guuuys!
How are you all doing? Rainy season’s about to start over here so I’m sure I’d spend more time indoors. Haha. Hopefully I could get more trades in during that time!
Anyway, I currently have an open trade. (Also for NZDCAD). I’ll share the details in my next post!
So for this trade, I went long @ 0.87368. I put my SL at 0.86868 and my TP at 0.88868. For this one, I just saw the huge green candle and decided to test out my luck and go along with it. I’m currently 65 pips in! And I’m thinking of closing my trade at the close of this candle.
I guess I was just lucky with this one.
I’ll still check out my charts every now and then to see how price is moving!
Good luck guuuys! May the pips be with us. Haha.
Hi guuuuuys! Good afternoon. Whew. Busy busyyy.
But I just wanna update you guys about my current trade. I’m still long for NZDCAD and I’m currently at 87 pips. I’m still 62 pips away from my original TP though. I hope price continues to go up and hit my TP. Haha. But we’ll see!
But how about you guuuys? Any running trades right now? Anyone also looking at NZDCAD right now?
Good luck to us! I’ll be back later to give you guys another update about this trade. Laters!
Hi guuuuys! Haha. It’s the wee hours of the day here. Almost an hour past midnight. But I just had to check on my NZDCAD trade that’s been running for quite a while.
After this, I’ll go straight to bed! Haha. Good luck guuuuys.
Just to give you guys an update, I’m currently at 120 pips!!! Wooooh.
It’s so close to my TP. Just 32 pips away. Do you guys think I should wait it out or close it now?
I mean 120 pips is amazing to be honest lol I see it continuing to rise, but you could close out partial profits, and keep the rest running
Yeah that makes sense. Haha. I’ll just adjust my SL and lock in some profits. Thanks @justshell. As reliable as always.
So I’ve decided to adjust my SL and put it @ .88251 to lock in about 90 pips.
I’ll check on the trade again tomorrow to see if it finally hits my TP. Haha. But so far, 90 pips ain’t baaaad!
Imagine if you were doing standard lot sizes, that would be like $900 lol keep it up and focus on the pips!
That’s a lot of moneeey. OMG. Hahaha. Thanks for the support justshell!
Hi guuuuys! Just a quick update on my latest NZDCAD trade, I was able to hit my TP! Woooooh! Hahaha. I bagged 153 pips from my long position. OMG. Haha.
I’ll just try to check out my charts to see if I can spot another good entry.
Good luuuuck! May the pips be with us
Hmmm. Looks like price is on its way down again for NZDCAD. I’ll check out the charts for the other related pairs to see the currently stronger currency.
Hi guuuys. Good evening! I hope you had a wonderful daaay.
I just wanted to drop by before I go to bed. Haha. I also just want to check my charts to see if there’s any trade I could take. Looks like the price is dropping. I think I’ll wait and see how the next candle goes.
Good luck to us! Good niiiight.
HAPPY HAPPY MONDAY GUYS!
I wasn’t here much last week because we had soooooo much to do to prepare for our annual fiesta celebration. Haha. Are you guys familiar with that? We do that here in celebration of our patron saint, The Holy Trinity. We prepared lots and lots of food. We also had to clean and decorate the whole house. We rented out a karaoke machine, and we even had to rent like a dozen of chairs and tables. There were soooo many visitors and we almost ran out of food! HAHAHA.
BUT now that that’s over, I have more time to focus on my trading. Good luck to us this week! Let’s go get them pips!
Here’s the NZDCAD chart that I’ve been watching slight_smile:
Looks like price is having a hard time breaking below .87000. There’s this green candle that might indicate a reversal, BUT we’re not so sure about that yet. I think I better wait for the next candle to open before finally deciding to open a trade for the week.
The beginner's guide to FX trading