On Wednesday I posted on my short bias in EURNZD .

it’s always interesting to look back at your thinking from previous days to to see how your thoughts/bias evolves over the trading sessions. I still keep a log (thick A4 size hand written notebook) to record my thoughts and perception of trades that I have on my radar. You can get distracted and tired watching screens for hours on end. This may seem a little ‘old skool’, but I’ve found it a good way to keep my mind focused .

To see my thinking on this particular idea please clink on this link . It will save me repeating myself, and most importantly shows a ‘snapshot’ of my thinking from Wednesday.  Has my bias changed ?. How did I trade my idea ?.

 

EURNZD-H1 Wednesday

 

Below is a chart shot taken yesterday to show what I did. I have only been taking short trades/scalps in-line with my bias.

 

EURNZD-H1

 

The 38.2% and the lower slanting trendline (red) were my areas to short from. Together with the bearish candles (yellow arrows) proved to be a very good indicator of the price turns .Three trades were taken and pips banked from all three and holding a core short at the time of writing.

My bias is still for further losses until the market tells me otherwise. The final chart below is a current chart showing yet another bounce from (what now is confirmed as) a short term support area around the 50% and 38% fibs from the previous swings .

 

EURNZD-H1 update

Good luck in your trading today. NFP Friday – so be extra careful…- Your comments are are always welcome  🙂

 

 

Horatio Dubsly

Collects more scalps than Crazy Horse and newly crowned Bitcoin & Dow top calling master.
Philosophy: "Trading rules.....it most certainly does"

Read how Horatio got into trading here
Horatio Dubsly

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