EURUSD: A selling opportunity

EURUSD rally to .b rather diminished quickly and it did not reach to my target 1.4750. I bought EURUSD and noticed that it was rather forming an ending diagonal (now you can see as A~E), and decided to take the profit very early. Although it was only 0.39% gain in the capital, it was enough to put my performance in the positive side for the year.

Now it seems EURUSD initiated the downtrend towards .c, b. I will wait for 2, and enter a short position. I had anticipated the target of 1.3450 or lower, but looking at how far Wave 1 went (currently the low 1.4059), I won’t be surprised to see EURUSD to go well beyond this target.

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Current risk exposure:

"","","","","$29,058.30","","","","","","","","","","","","","","","","","","","","41.95%","","","2.00%","","","","","","","","","","","","","","","","","","","","","","","","","","","",""
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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Drawdowns

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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