Potential Short Opportunity on NZDUSD
Updated
Traders believe that one should always have a prediction. However, trading is not like that, at least that is not the way I, or any of the traders I work with, do it.
I analyze the market and create a "Killzone" or zone where I want to get involved, and IF the market gets there, THEN I look for a reason to get involved. Sometimes, the market never gets there, and that is something I have to deal with. However, it is way better to stay one step in front of the market and wait for it to come to you than be one step behind and chase it. If you do the latest, you are just reacting, and you will most likely lose money.
I analyze the market and create a "Killzone" or zone where I want to get involved, and IF the market gets there, THEN I look for a reason to get involved. Sometimes, the market never gets there, and that is something I have to deal with. However, it is way better to stay one step in front of the market and wait for it to come to you than be one step behind and chase it. If you do the latest, you are just reacting, and you will most likely lose money.
Comment
No longer looking for shorts opportunities because the price moved without me. I expect a small move down as a reaction of the killzone, and I will see if I can get involved in that. In other words, "long-term" I expect this to continue up.
Related publications
Disclaimer
The information and publications are not meant to be, and do not constitute, financial, investment, trading, or other types of advice or recommendations supplied or endorsed by TradingView. Read more in the Terms of Use.