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!
MONEY IS ISN'T EVERTHING BUT EVERYTHING NEEDS MONEY.
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