EURUSD: covered short with small profit, and now waiting

This is the 2nd post today. For a while, I just wait and watch where EURUSD was heading. When I look back my past few posts on EURUSD, one week I was bullish and next week, I had to change my view. It’s telling EURUSD’s nervous situation. I made a quick call to sell EURUSD today, but I decided that the it is still premature, so I covered with 46 pips profit.

I think EURUSD is trying to complete wave 1 of c as in my previous post. So, I will wait the rebound of 2 before deciding when to sell EURUSD again.

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Current risk exposure:

Rational Move always use stop loss orders, and this is the worse case potential loss over the capital for the currently open positions. This is unrealized loss is less or equal to the risk exposure.

Capital growth

From recent 100 trades (%) The growth right before the 1st trade is set to 0%.
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From recent 100 trades (%)
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Total returns

Since inception
(Aug 10, 2009)
Year-to-date Quarter-to-date
0% 0% 0%
This is a normalized value: the return on each trade is normalized against the capital just before the trade execution. This way, it is eliminating the effect by the capital change from deposits and withdrawals. The calculation thus reflects the trading performance of each trade. The value does not contain unrealized profits and losses. RM's trading strategy never risks more than 5% of the present capital. Not including subtraction by tax.

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