EverythingForex

CLOSED TRADE: NZDUSD: Trying to catch a wave 3 down. +184 pips

FX:NZDUSD   New Zealand Dollar/U.S. Dollar
676 0 14
This was a member's only trade that I alerted my subscriber's to 11 days ago:
NZDUSD: Trying to catch a wave 3 down.

In my last update on this pair to my members (see Related Ideas: "UPDATE #1: NZDUSD: Trying to catch a wave 3 down"), I told them that even though prices had reached the TP1 I had set for this pair, I was not going to take any profit off the table and hold onto full positions as the price action was telling me that this pair had more to fall. And it did...

Unfortunately, I also had "suspended" this trade before the NFP as I did all my trades not wanting to gamble on the outcome. Sometimes it works out and saves me a ton of heartache losing hard-earned pips, sometimes I miss out on gaining some easy pips. As in this case. But I never worry about that. Not being greedy is a key to being successful in trading. So I pretty much have for all intents and purposes closed this trade at .66060 for a nice +184 pips profit. My members who took this trade also made out very well!

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*DISCLAIMER:
Please keep in mind that I am not giving any trading signals or trade calls here. Only providing my own trade thoughts for your benefit and insight as to my trading technique and style. Please don't ask if you should or should not take the trade or ask for stop loss and take profit levels. Any SL or TP given on my trades are my own I have used for my trade and are not recommendations for you to use. If you are not sure, then you do not have a trading plan for yourself in place. I suggest you make one before you continue to do any trading!

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