EUR / NZD Short Trade? Citi Traders Imperium Account?
Disclaimer:
Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :).
Update:
Sorry I have not been keeping my account up to date with my trades, I am currently really focusing on my Citi Traders Imperium trading challenge and trying to push through the final stretch of the challenge. I have really been getting pretty good trades but I have had a few losing trades like any other trader does. Trying to stay mentally stable is hard when it comes to trading but once you realize you only really have to have one big winning trade a week or even every two weeks and it could meet your goal you may have set in place. I am taking things very slow keeping my risk management very controlled and am really expecting to hit the profit target by the end of the year. If anyone needs some tips for risk management or just tips to stay focused when trading feel free to reach out, I will try to answer as many questions as possible.
Daily Analysis:
As you can see in the chart provided down below price has been getting stuck in the levels marked and have continued to break lower and lower which shows there is currently a lot of momentum in that direction. I noticed that price recently broke the lows again but stalled out and consolidated a little bit before pushing along and showing more momentum to the downside. With this chart alone I would not place a trade on this pair, but it does shows me where the overall momentum is sitting in the market right now and it just puts it a little more in my favor. That is all I am really looking for.
Hourly Analysis:
You can see it a little more clear in the hourly time frame just cause you can see price had tried to bounce and break to the upside of this zone quite a few times now and has failed every time. This is just showing me that there is even more momentum to the downside on the lower time frames which only confirms and put this trade in my favor just a little bit more. With a close below the current lows this could be a possible trade to take but this will only be good if it is paired with good risk management.
Risk Management:
Depending on your risk profile and your trading strategy every person will want to risk a different amount, all I would say is keep it consistent and make sure you cannot blow your account in just a couple trades. I keep my trades to 0.75 percent risk a trade or at most 1.00 percent a trade. This is just to keep me in track emotionally and to keep my strategy being profitable in the long run.
Anyways I hope you all have an amazing trading week, please let me know if anyone has any questions about how I trade or just any trading related questions, I will feel free to answer as soon as possible.
Thanks again,
KeySlot
Any of the content presented on my page showing my analysis of the market is just that, an analysis which means this is my personal opinion of where the price is going to go. Do not by any means take this simple analysis for a reason to enter a trade, I am not presenting these analyses as a form of signals, simply a way to get feedback and opinions from others on how my trades look. Take this trade at your own risk, but know forex is a risky market that you can make a lot of money but can lose that money or even more just as fast, enter these markets with your own risk and good luck with your trading :).
Update:
Sorry I have not been keeping my account up to date with my trades, I am currently really focusing on my Citi Traders Imperium trading challenge and trying to push through the final stretch of the challenge. I have really been getting pretty good trades but I have had a few losing trades like any other trader does. Trying to stay mentally stable is hard when it comes to trading but once you realize you only really have to have one big winning trade a week or even every two weeks and it could meet your goal you may have set in place. I am taking things very slow keeping my risk management very controlled and am really expecting to hit the profit target by the end of the year. If anyone needs some tips for risk management or just tips to stay focused when trading feel free to reach out, I will try to answer as many questions as possible.
Daily Analysis:
As you can see in the chart provided down below price has been getting stuck in the levels marked and have continued to break lower and lower which shows there is currently a lot of momentum in that direction. I noticed that price recently broke the lows again but stalled out and consolidated a little bit before pushing along and showing more momentum to the downside. With this chart alone I would not place a trade on this pair, but it does shows me where the overall momentum is sitting in the market right now and it just puts it a little more in my favor. That is all I am really looking for.
Hourly Analysis:
You can see it a little more clear in the hourly time frame just cause you can see price had tried to bounce and break to the upside of this zone quite a few times now and has failed every time. This is just showing me that there is even more momentum to the downside on the lower time frames which only confirms and put this trade in my favor just a little bit more. With a close below the current lows this could be a possible trade to take but this will only be good if it is paired with good risk management.
Risk Management:
Depending on your risk profile and your trading strategy every person will want to risk a different amount, all I would say is keep it consistent and make sure you cannot blow your account in just a couple trades. I keep my trades to 0.75 percent risk a trade or at most 1.00 percent a trade. This is just to keep me in track emotionally and to keep my strategy being profitable in the long run.
Anyways I hope you all have an amazing trading week, please let me know if anyone has any questions about how I trade or just any trading related questions, I will feel free to answer as soon as possible.
Thanks again,
KeySlot
