TRADE COMPLETION: LOSS 1.0%
NZD/USD
****refer to post 76****
B/S: Sell
Price: .7394
S/L: .7584 (adjusted .7477)
Risk: 2.0%
Open Date: 01/28/2015
Close Date: 02/12/2015
Profit / Loss: -1.0%
Conclusion: A well executed trade. Numerous signals invited the Short trade to be taken and I was happy with my entry point. Unfortunately on this occasion the market pushed back over the previous ten days to knock out my trailing stop. I had adjusted my SL to 1% risk as the pair had entered a period of consolodation and although I still remain bearish on NZD/USD, I will have to wait to find a more suitable point of re-entry. So a good trade, bad result.
NZD/USD
****refer to post 76****
B/S: Sell
Price: .7394
S/L: .7584 (adjusted .7477)
Risk: 2.0%
Open Date: 01/28/2015
Close Date: 02/12/2015
Profit / Loss: -1.0%
Conclusion: A well executed trade. Numerous signals invited the Short trade to be taken and I was happy with my entry point. Unfortunately on this occasion the market pushed back over the previous ten days to knock out my trailing stop. I had adjusted my SL to 1% risk as the pair had entered a period of consolodation and although I still remain bearish on NZD/USD, I will have to wait to find a more suitable point of re-entry. So a good trade, bad result.
Even a journey of a thousand miles starts with a single step.