AdamFx42's Blog

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Pushing a top 3 positions after market opens

I was in the top 3 of the trader contest -3rd - just now

I am long again Nzd and Aud crosses since market opened again
300K is the target to break for me now, and I hope to hold on to my Aud and Nzd longs
until I can secure a permanent or stabler position in the top 3 of the contest
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It is really tiring to trade sometimes

Sometimes trading is boring and frustrating
I have been stuck with my Nzd longs since market open on Monday morning
and I am not making a profit
I can't survive the weekend leverage but I can't close my positions, either
which is really frustrating
I would have liked to have been able to trade some more
but a trader cannot let go of his belief and chosen trades, no matter what
So, I stay in and await the outcome
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Rollercoaster ride for my NZD positions

I had a roller-coaster ride with my positions today
My NzdUsd and NzdChf longs were doing well today
I was up to 140K and I added NzdJpy and NzdCad longs
Then suddenly everything went sour after bad NZ GDT auction results
I was stopped out - left with 45K
I am long NzdUsd again now at 0.72 - the last technical support for the pair
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This week may show me the way

Things have become pretty tight now this month:
My plan to buy Nzd may have to move to next months contest
Depending on market action the coming two weeks
I will need some good action upward in Nzd
To end anywhere near a top ten position at the end of this month
Continuing Usd strength is not helping my case either,
It is slowing down the recovery of all other majors and minors
That are technically and fundamentally way overdue for a correction
I would think it will take some easing of current g…
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ANABEVZ avatar
ANABEVZ 16 Aug.

Very well!

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Holding longs NZD against the odds

After getting hit hard yesterday with my Nzd longs and losing more than half my bankroll
I decided to get back in the market with a long Nzd/Usd
After the data release yesterday - the Nz unemployment change - the market hit the Nzd too hard
The most important release was a good number, but the market already had it in for Nzd: why?
The answer lies in the technical analysis
and the fact that NZ has struggled with dairy prices lately;
the milk export is not good and coupled with the fast downward …
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