Yeah nice trade Mason... The only thing I see wrong is the risk...

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  1. 320 Posts.
    Yeah nice trade Mason... The only thing I see wrong is the risk you have
    taken on a news event. That being NZ rate call . It can be a killer on any
    dovish or hawkish statement made during the release. OK if you are on the
    right side of the trade, but if not, no S/L will save you from a big loss. Not
    even a guaranteed stop. That pair has busted many accounts.

    I was a NZDUSD Short overnight , hoping to grab 35 pips. It didn't work
    out so closed before NY close this morning just above break even.

    I guess you guys are chasing 500 pips a week, so it would be risk on.

    NU.JPG
 
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