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This late in the move it may be worth waiting to put on a short in that range instead of trying to catch the final part of a move.

I use MAs for a visual aspect only - to provide possible entry points that I confirm in my own way. Displaced Moving Averages have been money for me in trial and practice. 7x5, 25x5 mainly, sometimes 3x3

USDCAD I just entered 3/5 of a short position @ 1.2450. This is a tough one though - very bullish on a daily basis. Limit Exit: 1.20 EURAUD Short Entry: 2.0007 Stop Exit: 2.0075 Limit Exit: 1.9650 Stops will be adjusted on a gut-basis.

Stopped out on USDCAD short

Good question - me too. The pair has been trading from 1.85 - 2.05/2.10 since its October runup. I can't imagine things in the outback are much worse, or as bad, as things in the EZ. I'm a small-position shorter at 2.005 - 2.01 if I'm watching when it hits.

Short USDCAD Hourly chart, fib resistance @ 1.2459 (already broken but price bar closing below that in 15 minutes should confirm validity) Entry: 1.2443 Stop Exit: 1.2483 Profit Exit: 1.2350

EURAUD Closed final 1/3 of position for gain of ~170 pips Looking to initiate a short position in 2.0050 - 2.0100 range

I consider every trade setup to be unique so every risk/reward profile is going to be different. The EURUSD short happened to have shown me an excellent R/R opportunity (much appreciation to Ivan for bringing the pair to my attention today) so I bit. I'm still feeling out the various pairs...

Short EURUSD Hourly chart entry confirmed with daily chart trend Entry: 1.3170 Exit Stop: 1.3202 Exit Limit: 1.3000

EURAUD I closed 2/3 of my position for ~130 pips

Ivan- Think EURAUD has legs beyond 2.00 or is that the smart exit?

Very true - my point was that it moves enough often enough to present ample opportunities to earn pips

I opened with a small position so I'm good on this one. Someone could just trade this for an hour or two per day and make a living (if they hit it right). Wild stuff.

EURAUD This thing moves like crazy - 90pip fluctuations within minutes.... up and down, up and down

Long EURAUD @ 1.9750 Profit Target: 2.00 Stop: 1.9675 UPDATE Added 50% on top of prior position @ 1.9715 entry

what's your opinion of where it goes from support? rally or break?

ending up closing out the other 25%. Going to retool and find the next opp soon

I'm currently in it from 1.48-1.49... where do you think the train stops? I was considering the 1.45 level but we've broken new lows the past three times this situation occurred. I've taken profits on 3/4 of my position and going to hold the remaining position as I figure out where it's...

Didn't work - got crushed. My GBPUSD short is working out great though, 250 pips per contract currently.

Couple GBPUSD charts