I am short on NZD/USD and my account is surviving too. I think .6850 is a key level.
Good call there. Got carried away with the short-term pullback. Next week will likely be more bearish for the pair with GDP reports.
Back to trading after some weeks of inactivity. Starting the week with a NZD/USD short @ 0.6524. Looking for at least +20 pips/loss at -10 pips.
Update:
Closed the trade yesterday for +17 pips. Was aiming for 20 but didn’t want to leave the trade overnight.
Going Long EUR/JPY @ 134.88 w/ SL -30 and TP +60. Price poised to break strong downward trendline and failed to make lower low.
UPDATE: Closed all for +60 pips earlier this morning.
Opened Long NZD/USD earlier @ 0.6593 w/ SL -20 and TP +50
Update: Closed for +31 pips. Didn’t want to stick around too long.
Long NZD/USD closed for +37 pips. Don’t want to trade until after 5pm EST. Lately, i’ve been more conservative on the carryover costs after realizing it can compound significantly over time.
Shorted NZD/USD for +25 pips. Enough for the day.
Great, consistent gains is what should be the traders main focus. Great going bro. We need to determine the target based on the overall bandwidth of knowledge and management skills one possess.
Well said. Even though i’d like to go for +50 or +100 pips at any one trade, both the market’s average movement and my patience will simply not allow it. Do you go for the same small, consistent daily targets?
Shorted NZD/USD. Will be targeting +25-30 pips. Anticipating a move down with USD rates being announced later on.
Update: was able to close for -20 pip loss. Better safe than sorry. I was too confident that USD would be raising their rates.
Opened long position NZD/USD @ 0.6686 w/ TP between 25-40 pips. SL 20-25 pips.
Update: ZZZZZZzzzz got taken out for -40 pips.