NZDUSD Selling plan

2016年9月22日

NZDUSD may have started a daily downtrend, it would be more clear after breaking the yellow trendline, on the hourly chart the price is still consolidating.
It would be nice if the price could reach the upper three selling levels (red dashed lines) before breaking down,
sellling there might be aggressive but with up to 1:8 risk to reward ratio.

Trading plan was to divide my normal lot size to four quarters and setting three sell limits,
- one quarter for each of the lower two levels @0.7350 & @0.7390
- Two quarters @ 0.74560 as two separate orders , one is a sell limit and the other manually at the retest
- All SL around 0.756 level.

Extra five sell limits - each of 1/10 lot size - are distributed around the magenta line @ 0.75 level, they are there to add some profit from the quick down pullback if the price breaks 0.745 level. SL is 0.758, and TP will be updated if they were triggered.

Hedging was already running with half the lot size from the retest of level @0.725 on the hourly chart and will be closed when the price pullback after making an obvious lower low within the consolidation also on the hourly chart, safety SL set at break-even since this level is already under the yellow line which means getting there is a downtrend.

After FOMC the price already triggered the first sell limit and at this moment it is restesting it, maybe is hedding to the other limits before going down.

The chart will be updated once the price get there or break down for adding shorts or future hedging setups around the green dashed levels.

This strategy is under development, comments or ideas would be appreciated.

2016年11月4日

注释

We are there again, the Selling lines for the Short to 0.68 are close,I'll put small orders and add later

2016年11月24日

注释

Holding short positions for NZDUSD, next stop around @0.685 (low resistance level), there we could add more shorts on the break down.
Extended target is around @0.675, there I'm expecting a rebound more than break down.

Hedging location is @0.678 targeting TP1@0.70 and TP2 @0.78 with SL @0.66

Good luck