Today did not o so well...
My poker hand has yet to improve..
..And i took some trades which ended in a loss of all the profit i had made this week..
I was trading against the trend, so i am not surprised by the outcome of those trades..Thankfully, I was able to cut my losses on time..I have taken a short EURNZD position...I am expecting the NZD to start a major rally very soon, i read some economic report about how the NZD is expected to end high this year..I also saw some good candle patterns to support this theory...![Smile](https://dukascopy.asia/fxcomm/js/wysibb/theme/default/img/smiles/sm1.png)
I have set a resonable stop loss and will let this trade run till Friday, hopefully the profit should be bountiful...
..If not, back to my strategy..and this is definitely the last time i am going against the trend..
..
Happy trading folks!!
My poker hand has yet to improve..
![Smile](https://dukascopy.asia/fxcomm/js/wysibb/theme/default/img/smiles/sm1.png)
I was trading against the trend, so i am not surprised by the outcome of those trades..Thankfully, I was able to cut my losses on time..I have taken a short EURNZD position...I am expecting the NZD to start a major rally very soon, i read some economic report about how the NZD is expected to end high this year..I also saw some good candle patterns to support this theory...
![Smile](https://dukascopy.asia/fxcomm/js/wysibb/theme/default/img/smiles/sm1.png)
I have set a resonable stop loss and will let this trade run till Friday, hopefully the profit should be bountiful...
![Smile](https://dukascopy.asia/fxcomm/js/wysibb/theme/default/img/smiles/sm1.png)
![Smile](https://dukascopy.asia/fxcomm/js/wysibb/theme/default/img/smiles/sm1.png)
Happy trading folks!!