MrRenev

Short it to the ground!

Short
MrRenev Updated   
FX:NZDUSD   New Zealand Dollar / U.S. Dollar
Hey, too lazy to take screenshots of my trades and keep track of them on my PC :)

I think I am going to post some of these here, at least when I focus on bigger moves that take more than a couple of hours.

Now I cannot be dishonest trading view will always remember :o

There is something wrong in the matrix, I sense great trouble in the force. Stock markets are scary, margin debt is at a record of 650 bil, even inflation adjusted or as a percent of gdp it is at a record (remember this by George Soros “When a long-term trend loses it’s momentum, short-term volatility tends to rise. It is easy to see why that should be so: the trend-following crowd is disoriented.”), people are running to safe assets mainly the dollar, twitter perma bulls are losing their minds also.
Well I am not going to list all the reasons, but basically usd should be stronger than nzd.
Yet NZD is going up? You joking right? This must be a bug in the matrix, soon to be corrected.
This could be a big winner. Going to depend how us china trade wars go, and what happens with equities (as a result possibly).

Also, this:


I feel good about this one. Probably miss it thought. But going it too early is not worth the risk, better miss out then.
Even if I don't get filled it is an experience to learn from.

Forgot, there is also tiny but positive carry for this.
Comment:
Just a little bit more and I am taking the bet.
Would like a smaller SL, but it could go slightly higher...
Doesn't matter anyway, lower RR means higher winrate so w/e...

Comment:
I hope it goes a little higher... If I missed by 1 tick ... again...
With a stop this far cannot afford to enter early...
Don't like opening trades on Friday anyway so it's not all that bad.
NZD session started 1 hour ago and has 7-8 hours left to go.
Trade active:
Filled at the very top :D
Maybe it will go higher, but feels good to be in the green almost the moment I enter the trade.

Clearly looking like the momentum up is done, like "distribution phase".

And on the higher TF
Comment:
Wow looks like my sell order of not even 1 full lot crashed the new zealand dollar! I am so powerful.

I know alot of people that would have self adulated for getting in at the exact top not 1 pip off. But actually this is bad lol I almost missed it, if I would be to do this consistantly I would miss alot of winners and eat all the losers (missed AUDUSD by 3 ticks last week). Got to work on that, maybe enter a bit earlier and have stops a bit tighter too... I am good at pinpointing tops I just have to enter and SL better. I have no idea how to manage the trade when it is a winner thought, but no one knows how to, I doubt it is possible, just have to use some arbitrary vague conditions... I will TP @ 1% and then use a trailing stop loss on 0.386 or 0.5 fib and tighter if the price moves 3% in my direction. Probably one of the worse ways to do this but that's all I have :D
Suggestions welcome.

The old me would have taken profit here. But no more. I evolved. I chase bigger moves now, it is more profitable because spreads matter less and on the long run it is much better.
Comment:
Dis pump ... why?
I thought we were friends.

Comment:
Back in the green.
Gachigasm
Comment:
I am targetting 0.678 but we are on trendline with hidden bullish divergence so being careful.
Price already dropped 1% should have taken profit but I was outside & did not place orders before, small trade so I don't really care.



I think this is my last trade based of a 4 hour chart. Daily chart & swing trading is just far superior...
Might allocate 5% to quick trades for fun, but honestly holding for a few days has much more potential... Not sure how it was before but now with the new EU regulations, there is no risk of owing large amounts to one's broker, so we can just accumulate high risk reward high probability longer term trades (because shorter term as in a few hours has way more opportunities but the RR and winrate is not as good) I might post an idea about this in a while. If you were to only pick the "once in a year" super trade, your winrate AND risk reward would both be pretty high... much better than taking 3 trades a day obviously... The cost is far less opportunities, but if one is smart enough or hyperactive enough one can keep an eye one many fields (major pairs + tourism stocks + tech stocks + agriculture etc), have to be full time thought, and spend time on a specific area when a potential opportunity arises, this is not something doable "on the side".
Comment:
Gachigasm :D

Going to move Stop loss and try riding this for a while. Might have been the top here. Getting positive swap for just holding so I don't mind. I love to gamble! Let's make this winner bigger!

Trade closed manually:
Boring, got out.

Disclaimer

The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.