Doing very well today on GBPNZD and EURNZD, both long and up 80 pips each.
I have been buying EURCAD this week by adding against the current counter trend to form a basket that’s Long. That means I accept 100 pips run against my first position to be able to average down, therefore cash in on the next thrust up. If you think the price of EURNZD is not going up then in the words of a fellow trader. “ you’re a complete novice and a rank amateur “.
That’s not my words.
This is why I keep my trade size moderate and just Attack a pair with one Bias but dozens of trades in and out sometimes a few trades lasting weeks.
At present it has hit resistance so may range for the rest of the week.
Of course I may have just jinxed this pair by opening my mouth and making big statements.
