NZD/USD (trade non-recommendation)

[Hexp2]

Looking to short the NZD/USD at these levels...

Entry 5913
Exit 5888
Stop 5938

Comments are appreciated...Thanks

[TradingForex]

Closed @ 0.5940

Seemed to be a good antry, but was not.


Till Next Time,

[rezo_s]

Hi fellows.
Soory to see the stop, but hey - its part of the biz.
Actually I do have a comment. No its more a question.
I would loke to know whats your phylosophy behind having stop:tgt 1:1. I mean there are many different aproaches, but 1:1 means you have to have more wining trades that loosing once. I'm just curious...what is such aproach based on, thats it, but if you prefer not to answer, its ok.
Anyway - Have good weekend.
Rezo.

[TradingForex]

It was my opinion that there was a good chance for the NZD to move down further on the longer term. I was trying to jump the gun as a good entry was "seen". I will cont to monitor the NZD/USD as I think there might be another good entry!....but it is Friday!

This has been a tough week altleast for me and we will cont to work hard at perfecting our entries. The system we use has been very good to us, but there is always much room for improvement.

I'm glad that you take the time to look at our trades, since I believe that I can learn much from you and many other traders on this forum.

Hope to hear from you soon,

Have a great weekend....get some sleep ( we all should )