GauravSaini
Short

SHORT EUR/USD

FX:EURUSD   Euro / U.S. Dollar
INITIATING POSITIONAL SHORT IN EUR/USD            
CMP APPROX 1.23545

WILL ADD TO POSITIONS BASED ON PRICE MOVEMENT.....


PLEASE DO CAREFUL RISK ANALYSIS BEFORE TAKING TRADE.

THIS IS ESSENTIALLY A COUNTERTREND TRADE COZ THE PAIR IS IN AN UPTREND

THE RISK IN THIS TRADE IS MUCH HIGHER

POSITION SIZING IS USED TO CONTAIN RISK AND THE METHODS USED ARE BASED INDIVIDUAL RISK APPETITE AND TRADING STYLE


Trade closed manually: short trade closed in very good profit at 1.22345
the eur/usd pair cmp 1.22345 the positional short trade has worked very well.....i am closing the trade at current price .
Reply
EUR/USD PAIR has broken below 1.23000 the pair can target 1.21800 though not in a fast move , might be volatile

it depends on individuial trader how to manage positions in profit.... what was your plan when you opened the trade is the question that should decide trade management? personally i am keeping small positions open
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EUR/USD PAIR CMP IS 1.23025 -----the short trade is in profit i have few small positions open and all are in decent profit

this being a counter-trend trade took two days before it moved lower ---i am managing /tracking three different instruments and thus might not be able to update here in real time ..............please manage your trades actively----if in doubt BOOK OUT .
Reply
the eur/usd pair cmp 1.24580 is continuing the uptrend ......though i am still short with small positions, yet i would not advise others to participate in this short setup considering that ....the positions can go further in loss before turning profitable......or not at all.....there is always increased risk in countertrend trades ......not suitable for most traders......
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nice one
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