FX:USDZAR   U.S. Dollar/South African Rand
Good morning traders,

USDZAR             formed a bearish engulfing pattern with reversal implications. I´m entering short at market with SL above 12.81 on a daily close.

6 Trading Rules :

1. Never add to a losing position .
2. Don´t be the first to buy low and sell high .
3. Think like a fundamentalist, trade like a technician .
4. Keep your analysis simple
5. Start small and increase exposure when trend is confirming your analysis
6. The hard trade is the right trade

Josep Pocalles
http://www.realisto.net
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UPDATE : Target met :-)
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UPDATE .: You can move stop to .12. 55 or reduce exposure as price is moving as expected
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UPDATE : Move stop to 12.71 to reduce risk
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