Tight stop because that's the rules. DXY and EURUSD have bounced off major fib levels. I believe downside in DXY is eminent. While USDCAD was my first short, price stopped me out and then moved my direction. Using proper risk management and ideology I've gotten over the loss pretty quick
Its hard to do again but I must run this stop tight too. Its my way or the highway with these markets.
Goodluck! Comment, Like and Follow!!
Order storniert
⋅
The trade was not meant to be. Nasty retracement. One should always be suspicious of general non-active hours throwing false flags. DXY still bearish.
"Using proper risk management and ideology I've gotten over the loss pretty quick" - Well said! But why 0n 3arth would you want to SH0RT a Bullish trend?
TradZ
⋅
@TradZ, I'm L0NG by the way since 112.2 TARGETING 113.2
UnknownUnicorn981629
⋅
@TradZ, Looking only at DXY daily. Price has not made higher high. Until it does I consider DXY neutral/down. So I only look for long xxx/USD and short usd/xxx. The bullish upstroke through September is only a retracement in the bigger picture imo. Oh well, trade canceled. Price isn't ready to move yet. It will prob zoom off without me soon :D
TradZ
⋅
@TElphee, 0k I see how you play! I say l0ng it if it's bullish and get 0ut@a p0int you as a trader should know of course, knowing that there will be a correction to have an0ther opp to get in and 0R add positions as it corrects(l0ng 0r sh0rt).
But we all wrk differently