Hello I'm in the buy from the bounce of the tendline and it's doing well so far
I would not short this pair until it breaks the trendline and consolidates under it
BUSINESS2
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@Rebelltrader, Looks good but now it's time to sell, going to drop!
Rebelltrader
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@business, Got my stop on break even so nothing can happen :) I will look for a sell opportunity when it breaks the trendline thats my strategy mate and it works pretty good for me
BUSINESS2
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@Rebelltrader, Great, I'am In for a sell let us know how it goes :) also thanks to JACK!!!!!!! Keep the good stuff coming! :)
Koryphaeen
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@business, this is the difference between a successful trader's mindset, like @Rebelltrader , and an unsuccessful one's like a signal service buyer's who is blindly following bad ideas without the minimum reasoning behind it
@Rebelltrader, this is the healthy approach, to go with the trend and to buy all the flags towards the direction of it... waiting for a counter trend move in a trending market based on imaginary S/R levels or pinbars or whatsoever is the craziest thing one can imagine... yet, a reversal should imminently come, but it will give signals, until then why to waste such good buy setups waiting for a sell setup when everything shows more up
Rebelltrader
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@Koryphaeen, of course it's going up because I understand what I'm doing and thats the problem with a lot of new traders here on tradingview they just think "ohh this chart has a lot of likes it must work" but they have no idea what they are doing and lose money. So my advice is before you trade live create your own strategy and backtest it until you have the feeling it works and before you follow somebodys ideas here on TV go to his page and check how many charts of them were right.
And the NZDUSD will drop but not know there is still a little trade to the top and then downside. Nobody can say where the top is and when it's going to fall so let the market tell you and then you take the trade down not before.
I would not short this pair until it breaks the trendline and consolidates under it