Wednesday, September 8, 2010

2010-9-8 - NZDUSD - Long

Nothing to trade lately:
1) as too busy at centre,
2) too confused by mkt movement,
3) missed all the major runs... hence bo bian- have to wait for the next set up.

Nevertheless, there are alwis other things to trade, importantly must set the right expectations...
for eg. today. After scanning thru all the major pairs, gota wait for a long time n it's not happening yet.... i looked at the minor pairs and try to see if i can spot a set up for sm pips....

Bingo, NZDUSD. Usually i like to trade this pair when mkt is uncertain. this pair is slowly to react to the adverse news.... giving a new trader like myself some time to process the infor.... bo bian, my trading processor is 486 only!

Since the avg daily range for this pair is only abt 70pips.... if I can grab some 50 pips from this pair, it's considered quite gd liao. =)

Here goes:
2010-9-8 - NZDUSD - Long

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