Hi,
AJ tanked with the aussie. My PL is for now -35*y lots.
What it hurts me is not that AJ tanked, but that I missed the train for the deep south with the aussie. I waited a retrace that never came. I wanted to short aud in the "règle de l'art", but sometimes we need to act in the disrespect of the rule and the art. My bad I have'nt.
Back to AJ.
I expected the fall of the aud so I knew the negative effect that it will have on AJ, this is why I kept my position. I'll hold my AJ untill I'm confident in the emerging bull trend in UJ. In fact, we are not yet in a emerging UJ bull trend. We are just assisting to the end of the bear trend in this pair. We need to go above 78.60/79.00 and that the price remain at this level to have a clear signal that the bear area ended for this pair. For tomorrow I expect that UJ reaches at minimum 78.40 and remain at this level. I'll be satisfied if I get it, and I don't ask for more. +25 pips is doable.
On the other hand, for tuesday and friday, I would be very greedy, and would ask for more pips. I'm optimist.
Good night.
AJ tanked with the aussie. My PL is for now -35*y lots.
What it hurts me is not that AJ tanked, but that I missed the train for the deep south with the aussie. I waited a retrace that never came. I wanted to short aud in the "règle de l'art", but sometimes we need to act in the disrespect of the rule and the art. My bad I have'nt.
Back to AJ.
I expected the fall of the aud so I knew the negative effect that it will have on AJ, this is why I kept my position. I'll hold my AJ untill I'm confident in the emerging bull trend in UJ. In fact, we are not yet in a emerging UJ bull trend. We are just assisting to the end of the bear trend in this pair. We need to go above 78.60/79.00 and that the price remain at this level to have a clear signal that the bear area ended for this pair. For tomorrow I expect that UJ reaches at minimum 78.40 and remain at this level. I'll be satisfied if I get it, and I don't ask for more. +25 pips is doable.
On the other hand, for tuesday and friday, I would be very greedy, and would ask for more pips. I'm optimist.
Good night.
Don't be smart. Be rich.