10 Dec 2009

EurNzd long

Had a TL break on strong momentum and 3rd test of rising TL (after 'golden ma cross too)
As a lot of systems use MA crossovers, you often see price rises then the MAs cross and PA falls away - could this be traders 'fading' those going long on crossovers? It happens often. Still, I like this pair long now.

Failed Short


Too eager to short this one on a weak BEEB. Not strictly a BEEB and broke the plan here as I fouled up the risk element and had 3% at risk and not 2%. Trade the plan!!!