Quoting jbfDislikedim also in this trade. but I think/fear that this cross could be playing tricks with us. eventhough fundementals and technicals - even the NZ central bank loves to backstab the currency once in a while - all points in the same direction... DOWN. But, I have got caught more than once by this going UP instead several times. My stoploss is way higher than 1/3. My stop is at 0,6613 - just above first retracement of the first drop-wave.
Previous lessen learned: never underestimate the power of the horde of carry-traders (and the greenback but thats another story).
Current spot is 0,6507 and I will soon move my stops down.
Have anyone been speculating in using trailing-stop?
Best regards,
BoIgnored
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Charting Markets into the Future...MǎҖ€¥.
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