aud channel

[PaulRon]

here's an aud channel

 

[Ivanovich]

Extraordinarily short time frame. Not sure much can be done without taking on significant risk.

 

[zosorock]

I think it depends. What is a reasonable risk to you?

 

[Ivanovich]

See? Channel was vaporized just like that. If I had played the channel and gone short at the top, I'd be screwed.

 

[PaulRon]

was just posting for a friend

perfect trade

 

[zosorock]

Quote from Ivanovich:

See? Channel was vaporized just like that. If I had played the channel and gone short at the top, I'd be screwed.

Ah, I see, I thought you meant going long at the bottom. It seems to be still valid the way I see it. IMHO it is still trading within that channel/standard deviation.

I made a bit of "monopoly money" (demo account) on it Went short @ 0.6641, out @ 0.6631 ($100). Then went long at 0.6635, out @ 0.6665 ($300). Both at 100:1 leverage betting $1,000.

I know you are veteran, so, in your opinion (which I highly regard), you do not think it is worth it to shave a few pips here and there in the 1-min chart?

Thank you!

 

[PaulRon]

thru 38 fib and some resistance

 

[PaulRon]

im out... need another entry

10 to 1 risk to reward on this trade gotta love em

<img src="http://elitetrader.com/vb/attachment.php?s=&postid=2126631">