after closing the Aussie dollar trade on a loss of 170 pips which is the first time since the creation of that blog i receive such a loss , i went long on Eur.usd ( alerted on twitter )at 1.2785 and the second half of the position messed at 1 pip as the low was 1.2776 , i have limit orders to close this position at 1.2870 , it might pretty much go higher but as i dont have more than half position , i cant close half of it at this price and leave the second half working higher and within this market uncertainty , i would take the profits that i have in hands and not get much more greedy about it and lose it ,and one more reason , i wanna cover this loss as soon as possible , as i m not used to start the month on that negative territory , and i m challenging myself to end this month with big profits to make it up to everyone whos following this blog for the lose we had on the Aussie trade.
i might jump in on the short side again as soon as i close this Eur long , as i m trading here the 5th wave up in the c wave which will probably the wave 2 pull back with new low to come but in both the bearish and bullish scenario , after this 5th wave up , we gonna see a pull back regardless and that's what i ll be trading .
rest of explanation can be found on the chart .
why i m not trading the Aussie on the short side , cause its the strongest currency out there and when i place short orders , i wanna short the weakest currency
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