5% + unrealized. what if it will move in my direction further. cross fingers.

I know I know but then the whole trend can be missed. once train left the station I am not watching that pair until another ema's cross.
I closed a couple of trades by mistakes especially my eur/aud short. it is about 800 pips by now had I stayed. the risk I take on each trade is relatively small.
In any case I will be trying to get on the trend if trend changes. whipsaws are inevitable. but If i start closing trades lkike this I will miss good trends. 1 good trend might mean 3:1 to 6:1 R:R

The rate cut had a bigger impact than I anticipated..I could have made a lot more if I kept my positions open, but no regrets :)

The EUR/$ looks very weak now, the trend is in place:

1. A rate cut is always negative for a currency
2. The Italian 10-year yield is back above 6%, this will weigh on the pair
3. another rate cut in China
4. Continued bad economic news out of Europe

Taking all this together I don't see how the pair can rise, I expect at least a test of the pervious low of januari at 1.2280, below that there is not much resistance until the midpoint of the all-time range at 1.2130 and the low of may 2010 at 1.1880. So we may be in for a big move! I started to open a few short positions around 1.2380, I will add if it goes my way and I want to ride this trend for a while, stops at 1.2460.

   minosd777 posted:
   The rate cut had a bigger impact than I anticipated..I could have made a lot more if I kept my positions open, but no regrets :)

The EUR/$ looks very weak now, the trend is in place:

1. A rate cut is always negative for a currency
2. The Italian 10-year yield is back above 6%, this will weigh on the pair
3. another rate cut in China
4. Continued bad economic news out of Europe

Taking all this together I don't see how the pair can rise, I expect at least a test of the pervious low of januari at 1.2280, below that there is not much resistance until the midpoint of the all-time range at 1.2130 and the low of may 2010 at 1.1880. So we may be in for a big move! I started to open a few short positions around 1.2380, I will add if it goes my way and I want to ride this trend for a while, stops at 1.2460.


I simply think that probabilistically speaking it is a toss. once news go against you, next time with you. the key is to let profitabvle trades be bigger anbd cut losers. 1% on 100-140 pips stop is not much of a leverage.

Nice , all trades continued moving in my directions but some lags. Still have not received my funds. was told it takes up to 5 business days. may be it is because Monday was holiday in Canada and Wednesday holiday in USA. anyway, I missed many trades I could have taken live.