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I closed all the trades for 1% profit just before the news. And it turned out to be a great decision. I was expecting a 5% profit from these trades, last week, things changed and i did not see 5% coming, so i have closed the trades and it was a good decision. Lets focus on another trades.
Currently looking at NZDUSD, USDCHF, long and short respectivelyTrade the market, not the trader
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Originally posted by VictorTous View PostVery good decision Vijay!
Just one question: Why looking into a short USDCHF opportunity instead of long EURUSD?... I'm curious!
USDCHF and EURUSD, the move was almost similar. But CHF is more stable and save haven comparatively. Also if you look at EURCHF, its in down trend. CHF has more strength overall, but with respect to USD, both EUR and CHF are similar.Trade the market, not the trader
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Originally posted by Big River Man View PostHmmm you concern me that you want to long NU when I am short with Kruger.....do you know approximately what your entry price levels will be?Trade the market, not the trader
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We ended this week with 1.48%, thats not bad. Trades are in the pipeline, the 3 currency pairs that i had mentioned earlier, waiting for the dips to buy them. NZDJPY and CHFJPY(or EURJPY), GBPJPY are the longs, NU became low priority now.
I am not pushing myself to enter trades. its better to stay calm than pushing and losing. Targeting 10% for this month, if everything goes well.Trade the market, not the trader
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Update
Will be buying NZDJPY at 86.859 and below
NZDCAD below 0.93738
CHFJPY below 116.898
Trades might be filled today or tomorrow.Last edited by SmartTrader; 03-12-2014, 06:29 AM.Trade the market, not the trader
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