haronbg

neutral due to the Brexit, nut Long on fundamentals

FX:NZDUSD   New Zealand Dollar / U.S. Dollar
16 1 0
So another positive poll data from GB             , majors flying. what to do? I picked up kiwi because the chart is not that messy.
Here is easy. Red sell,green buy. Not buying in red and not selling in green. Patients is the virtue, Protect your capital.
I decided to enter long before the EU open. Risk 15 pips.Stop loss few pips bellow the support on 1h TF. Before I was waiting for confirmation through 100s of indicators to be sure that the trend on whatever TF has reversed. Very often my SLs were 100s of pips. That does not work. Now I am waiting for setups where I risk not more than 30 to 50 pips depending on the volatility of the pair. And when you risk enough that you can slip at night and do not have to stair at the screen with the hope the market to turn into your favor, you are doing it right!
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