a beginner's attempt at the pairs

[big mac]

short more CAD@13499

same stop

a gift like this i'll play

 

[victorycountry]

short more CAD@13499

same stop

a gift like this i'll play

Yep, I find trading for uptrend is easier than trading for short because of spike

 

[victorycountry]

Closed @10733

+48 pips

Do you mean 45 points? 733-685=45 and 450points are called 45 pips, isn't it?

 

[big mac]

Yep, I find trading for uptrend is easier than trading for short because of spike

i am trading for the trace

 

[victorycountry]

I definitely take into account what US indices are doing some pairs run with and some run the other way. Double tops/bottoms, H&S and big spikes. You know the usual classic formations. For right now, because I'm a complete beginner to forex too. Maybe we can learn together.

Great! I am a high frequency trader, I mean I mainly trade on 1 minute time frame, looking for both momentum and temporary liquidity shocks, and use both momentum (long) and constrarian (short) strategy. Hope to share good info

 

[big mac]

I don't trade off a 1 min, too much noise. 15 min minimum, all way up to 4hr

 

[big mac]

3470 target to close shorts CAD

 

[victorycountry]

I don't trade off a 1 min, too much noise. 15 min minimum, all way up to 4hr

That's cool. You sound like a more sophisticated trader, good on you! Yes, you're right, I trade on those noises (temporary shocks)

 

[victorycountry]

USDJPY is showing weakness and AUDUSD is showing strength ... but the concern is the lack of liquidity around this time,

 

[big mac]

going to let the pairs play out, won't micromanage them