DislikedNZDUSD? Serious? Do you think you can just FOOL PPL here by ignoring the correct trades? https://www.forexfactory.com/showthr...3#post11770803 {image}Ignored
Maybe AndresSR was referring to the fact that the NZDUSD trade entered (see post #8747 for entry confirmed as "short order filled") had price action subsequent to entry that resulted in the price rising substantially within a few hours (i.e. losses) & then post #8775 where it is stated to "wait for tomorrow's NZ Interest Rate news for the short to prove correct" --- meanwhile after entering the short the NZDUSD went up 100 pips BUT the trade was only for 20 pip target??
Actually the price went up at least 130 pips with only a 20 pip short target. i.e. for $1,000 profit target the trade went into $6,300 drawdown
There was NO stop loss indicated for the trade. But AndresSR was assuming that there was a "prudent" & logical stop loss placed -->> and that would have resulted in a loss for the NZDUSD trade
So it seems that the AndresSR post #11001 is correct -- Assuming a prudent & logical risk/reward stance was adopted ?
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