Bought NZD/JPY at 87.25 52 pip stop. Lots of action on the New-Zealand Dollar and almost all its crosses, especially the notoriously wild GBP/NZD.
..with the RBNZ on tap tomorrow. Taking 0.5 % risk on a short NZD/USD, with another 0.5 % on a news spike. Let's roll
That's the magic of time frames, we could both have different opinions about the direction of the market and still make money!
yes, indeed we could, and unfortunately we both could also lose money, which is the other side of the .. magic
A successful trader does not lose money on any (and is not concerned about the outcome of any) particular trade, he is simply lending a few bucks to Mr. Market... at outrageous high rate of interest!