Once I get my signal for entry, and then begin to “actively trade” a given currency pair on the smaller time frames – things really start moving.
I’ve already taken profits on the entire group of trades entered Monday, then “re loaded” several pairs with smaller orders through yesterday and last night, with a couple of really big moves being seen – in particular the Australian Dollar ( didn’t I tell you that days ago?? ).
A quick update on activity here on Thursday as quite simply – I am sticking with the same pairs (more or less) and after a couple of days “chopping around” look to scale into re entries “across the board”.
Often what I’ll do in cases like this, when we’ve nailed the original entry so well – is take a “portion of profits” already taken – and treat the “re entries” as “bonuses”. Taking 6% in a matter of 48 hours, with next to no market exposure allows me to “mentally” approach the next trades a little differently.
I knock the Kongdicator down to the smaller time frames, and more or less just do the same thing over again as…..I’ve already got the confidence that we’ve nailed a change in trend / direction – now it’s really about “getting back in there” at the very best points that I can.
I hope you’ve been following along, and from what I understand from some of my regular readers…it sounds like several of you are making some money too!
USD has taken a little break, and several pairs present “decent shots” at re-entry here this morning. AUD has been punished hard, but I’m confident it still has further to fall as NZD also looks to be fading. JPY has certainly been stubborn but my feelings about it have not changed.
We are literally….soooooo close to a larger scale correction – you can practically smell it.