In my view the market is in correction. I was expecting this drop based on wave structure and fundamental news. NZ central bank raised interest rate, so NZD should strengthen, that what everyone thought.
If you read last page post, I expected a spike on the news then lower. And it did so. Given that I never wanted to sell, only looking better entry to buy. Now many traders will think that USDNZD broke many support levels and will start to sell. I'm simply trying to do the opposite.
I also have in mind monthly cycles, so the trade should be filled on the firs or second day of the new month. If it does not fill by friday night or continue to break new high. I will cancel the trade.
Been a while buddie,Excellent comment you made on this thread previously. How's trading ?
Unfortunately I don't have much time to update some new strategies more frequently.
But, everyone can use it as a benchmark and learn how to study the market and make trading decisions. I believe that if traders learnt to wait for the market to meet certain criteria before entering the market, have a good money management and don't over trade will help them detach emotionally from trading and make more rational trading decision.
Unfortunatetly I dont have much time to update some new strategies more frequently.
But, everyone can use it as a benchmark and learn how to study the market and make trading decisios. I believe that if traders leant to wait for the market to meet certain criterias before entering the market, have a good money management and don't overtrade will help them detach emotionally from trading amd make more rational trading decision.
There are thousands paid services to choose, signals, copy trades, EAs, pamm etc. Bot more importantly is to become an independant trader.
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