Week 8: I Got Stopped Out and Now I Wait

Last week was pretty good. I thought I caught a top, earnings got to +100 pips. But then the price continued its upward trend. Its not a top yet. I got stopped and now I wait for it to finish its trend. I’m looking to go SHORT once there is a clear signal to where the currency is going. As you can see on the screenshot, its almost as if the currency is in the middle. You don’t want to be in that position, its the highest risk possible. You want to be at the top or the bottom to for less risk.

I got stopped for -100 pips. We’re still cool. Its all part of the plan.