Dislikedhi Ken:
thanx for the thread.
would luv to hear what when wrong with my trade here.
I thought it follow quite closely to this http://www.forexfactory.com/showthre...83#post5338483
Did I misinterpret swap?Ignored
The R;R wasn't great on either but the referenced chart, the distance is a lot greater as the price lines are 20 pips apart not 10. So as a scalp trade it is clear to see a 20 pip trade. Then if it breaks the first TP move to BE and let it work. Depends on your needs I guess.
It broke the TP quickly on the first trade then stalled near the lower edge and continued.
But the main factor to me still remains the highs at the top of the chart at this point. The bigger picture. I took a lot of scalps off OZ yesterday both shorts and longs . But since Tuesday I had that 1.0750 level in my eye sight. I had gone short from the top Tuesday to trade towards it. that one never made it, though I got some off it . Then finally yesterday after the New Zealand news I shorted and that one ran down to it.
Good Trading To All ; Ken Lee