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Live Trades + 45pips

  • Writer: Steven
    Steven
  • 2 days ago
  • 1 min read

Two live trades on the Eurnzd and cadchf. From our exits at the time of writing the positions have moved against us. The cadchf shown below has entirely turned against us. This outcome was not exactly predicted although it appears as though we must have seen it coming. What we were reacting to was risk not the outcomes. The risk associated with the double tops and long wick against our entry direction sometimes turns into movement directly against out position. The possibility is what we reacted to, not the outcome. In this particular situation yes we jumped out of the way just before the risk produced its effects. We extracted about 50pips from the eurnzd for just under $300. The account is up 2%.


Good Trading.


 
 
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CONQUEST STRATEGIES

Blog of an Australian Currency Trader, Steven Conquest. 

 Trading Ideas, discussions, setups and strategies are posted weekly.

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