NZD/CHF just broke the 8:50 AM intraday low (New York time). This was immediately followed but the usual price reaction to the upside (the last bulls are still fighting for their turf I guess). Short NZD/CHF at 0.6185, 22 pip stop.
I am warning you, I won't tolerate any other BS in this thread, trading is hard enough as it is without having to deal with all this trolling activity. Open your own Forex trading journal, show us how things are done and how good you are, or shut the hell up!
Out at 0.6195, 10 pip loss. A false breakout of the high/low of the day during the Asian session is deadly, as the market will quickly go the other way... Never argue with the market.
I haven’t traded forex in years. But I opine on things I don’t engage in actively. I learned that from someone in this thread.
The EUR/CAD hit the stop at that exact price (33 pips below the buy point, to the pip) and THEN it immediately went the right way (more than 50 pips higher). This is of course the most frustrating experience, when the market triggers your stop (to the pip or the tick!) and then moves in the expected direction. Note that I could have lied to you. I could have said that the price never reached that level (using some cherry-picked chart from some conveniently selected Forex broker) but I simply do not work that way. Here are the trading results since the beginning: EUR/CAD: Breakeven CAD/CHF: Breakeven NZD/CHF: -10 pips EUR/CAD: -33 pips Total so far: -43 pips. Alright, back to work now.
There is some kind of unwritten trading law, a subset of Murphy's, that says when you post live trades on an internet forum you will lose until you stop posting.