eh, that aud/usd...

...too bad about getting stopped out earlier...and only by 5 pips did I miss the 100+ pip move downwards, as thought.  It bounced back up a bit on .97 and it looks like a nice short for the next leg down on the hourly around .974.  I shall resist as it's just an hourly trend (less trustworthy IMO) and we're going into the weekend tomorrow.

Glad to see my trade plan worked out just the stop loss didn't.  I'm still thinking I had my S/L set about right...just that I should have been ready to re-enter short when the spike that took me out did not hold and quickly fell back.

rambling.  on the road again tomorrow, will be tuned in for Sunday gaps though! :)  Have a good Friday.

NZD Trade Closed

Took the 106pips and ran with it. Nice bounce off the .76 there...had some trouble closing it fast enough and unfortunately couldn't get it closed before the bounce. Regardless, pips were good and this was a pretty easy trade. I may short another retrace...looks like we may break into a triangle here if the bottom continues to rise...otherwise, if we can break it and make lower lows, it should be time to short again.

After the loss of .5 percent on the AUD/USD short last night, this trade brought in a 1.75% account balance increase.

I plan to be done for the week and look forward to trading Sunday gaps this weekend. If I can find anything trustworthy, I may trade the gaps with this primary account (not the smaller, secondary account that usually handles the gap trades).

Good day! :)

NZD Update

The trade is going well. Up about 95 pips & I'm trying to close 1/2 of the position...

Chart shows the progress...compare it to the chart from earlier today and you can see that I'm getting the movement that I had wanted.

NZD Chart, Downtrend

This is what I'm watching on the NZD short...trying to play the daily downtrend.

I am concerned about the rising bottom. The lack of lower lows is not something that I like...but I believe we're still headed for some retrace lower, at least a good 100-150 pips.

I will look to close half of the position when we get some decent pips banked and continue to adjust the S/L to protect the remaining half. Right now, S/L is still remaining at breakeven as I will not take profit on just the +30-50pips we have right now.

AUD/USD stopped out

for loss of 22 pips, NZD/USD is +30 pips, S/L moved to break even.

Good Morning :)