domingo, 16 de abril de 2017

Long NZDUSD -10 Pips, 0.3 Lots

I had been expecting the dollar to continue lower all week as previously  noted. Therefore, I was looking for foreign currencies to rally. 

Looking at all possibilities, I thought NZDUSD gave me the best risk/reward so decided to place a trade here. I set an entry of 0.6940 looking for 0.6970, and a risk of 10 pip stop only.

The trade moved a bit in my favor but just continued down throughout the day. The trump speech in the afternoon finally got this moved but I'd been long stopped out of it.

Overall, I learned that this Easter week is not good for trading as the movements are not clearly discerned.



 I'm not too concerned about the drawdown as losses are expected, and I had become too complacent with the trading. Looking forward to getting on the positive side next week once again!

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