NZD/USD: Mid level price and not much direction

NZD/USD Pair fell a few months back and Like many I missed the short entry at the highs. (I was committed to other trades) My style of trading only allows so many trades per profits made. It helps me manage risk and loss. Lets face it who needs to manage wins? You get to bank those. Managing losses is the important point in Forex. Given the fact that your entry into a trade immediately puts you at a loss from the spread.

I have been however watching this pair with a preparedness for a trade. If it falls to the lows I'll look to go long. The action on this pair may allow for a smaller stop putting less momey at risk and the payoff to the upside may be well worth it should the USD experience troubles over the holidays.