this short trade idea will be invalid if the high @ 1.6690 is broken up. the time frame for this trade idea is unknown, i dont usually like to put time for any trade i execute i just go with what the market give me. till now, i will keep holding it minimum for the next three weeks as long as the high @ 1.6690 holds up.
still holding my short positions stops targets identified
i shorted the eurnzd from this high. trade with patience & discipline.
will not analyze the 5th movement except when the 2nd 3rd and 4th are complete
patience. you can do nothing but wait. next update will be next week. i will close if the low @ 1.4700 is broken strongly. my targets are open.
managing risk & waiting for the market to make its move are crucial for trading success.
executed long @ 1.4715 stops @ 1.4500 manage risk and wait
the most important three questions in trading: 1. what are you looking for? 2. what are you waiting for? 3. what are you trading real time? here am waiting for a 5 daily closings to go long. always manage your risk.