It’s very difficult to convey your thoughts on anything in real time. I noticed some opportunities in EURNZD earlier and posted my live thinking in our trading room.

 

Not all good. I was stopped and price took me out for -10 pips as I attempted to sell just above previous short term resistance.

It was rejected sharply and I made the decision to short again once price moved above the resistance  at 1,6852 .

When you watch charts all day it is ‘unusual’,  yet not impossible for price to fall below a resistance and then power up again. With this in mind I picked my spot to try and get my stop money back . Rather foolhardy in the big scheme of erratic price moves .

I struck lucky and price moved quickly down towards the Asia swing high where I gladly snatched +32 from half the position of a possible +41 before we headed skyward again .

My thinking was that NZD selling was overdone .  A scary episode , but at the time of writing we are pulling back again.  The first original chart posted in our trading room shown below .

My remaining half trade stop loss  is just above the new highs of the day for a small loss , yet still a small overall win if taken . Not the most glamorous of trades ……… It’s not all Champagne and Caviar this trading life   🙂

 

EURNZD-H1- Scalping the high

 

 

Horatio Dubsly

Horatio Dubsly

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

Read how Horatio got into trading here
Horatio Dubsly

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