leszekstanislaw

NZDUSD H1 - I was fool moving stop loss to breakeven (diary)

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
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NZDUSD             is nice pair - a lot of harmonic advanced             patterns. There was recently Butterfly , Gartley and now Cypher . All complete successfully so I thought why not.
But this pair loves making me fool. When I traded Butterlfy - there was very fast spike down, so I escaped with some profit thinking Butterfly won't work this time. It was lessson for me and with Cypher when there was pullback - I did not escape, just moved my stop loss to breakeven. And again - moving stop loss to breakeven wasn't good idea - because priced did return, kissed my BE a did what was expected....
Looks like I will be learning forex all my life :)

And by the way - now - as price reacted for 50% - maybe another pattern, bat?

What can I say - I just could repeat Akil Stokes sentence - Plan your trade -- trade your plan.

Happy trading, Traders!
Leszek

Just flies in my mind - maybe someones is trading FX:NZDUSD             as its main (or major) trading pair and could share with observations/conclusions? I will be doing some more backtesting with ForexTester2 but .... why discover America whilst we could share?
I traded this bat - was so obvious. Loss.
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Hi Leszku, I'm not sure if that would be usefull for you, but look here:
It was really a trap on this last bottom, unfortunatly it's happend....:((
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diamondekk diamondekk
link is here:
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