Disliked{quote} I read a report on Bloomberg about NZD The other day which I think you might find interesting: RBNZ's easing cycle is over, and the baton handed over from monetary to fiscal policy, they say. However, despite the recent strong rally, the NZD/USD is barely keeping pace with the stronger fundamentals and short-term fair value is now above 0.71, they say. Then again, when you say "corrections happen", that gives me ideas. However, IMHO the first considerable correction will not happen until 0.6775. What do you think Davit?Ignored
The 5 Fundamental Truths of Trading:
1. Anything can happen.
2. You don’t need to know what is going to happen next to make money.
3. There is a random distribution between wins and losses for any given set of
variables that define an edge.
4. An edge is nothing more than an indication of a higher probability of one thing
happening over another.
5. Every moment in the market is unique.
All trading is reactionary that means we react what market provides.I dont know what's going to happen but I do know I have no fear in me whatever that may be.In short I am in control if I must take a loss I'll take it then look for another trade then that's just fine.Anyone telling you they know the future is bullshitting including Bloomberg ,news media , trading firms and hedge funds.Nobody knows.Bloomberg has been wrong numerous times and could be they are already have positions influencing the market.Does not matter we react what market does and that's as real as I can put it.
What is more important you look inside you and recognize the fear demon.Overcome it.Boxer who is already in fear before the fight has already lost the fight.
In trading, you have to be defensive and aggressive at the same time
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