EUR/AUD
- Thread starter romik
- Start date
Be honest guys, do you kinda "stumble" into these crosses because of missed calls in the majors, use of hedges as opposed to stops, etc? Or do you actually have a thesis about how aussie commodities will out/underperform eurozone economies or some line like that?
It's probably just me, since I can't trade these for sh*t
But I usually find that if you can make the right call on euro movement, you're usually better off playing it straight up. Meaning, if you're gonna be right on a cross, you'll need the eurino to agree with your timing, and by then you're better off just holding vs usd.
Don't bite my head off, just an opnion.
It's probably just me, since I can't trade these for sh*t
But I usually find that if you can make the right call on euro movement, you're usually better off playing it straight up. Meaning, if you're gonna be right on a cross, you'll need the eurino to agree with your timing, and by then you're better off just holding vs usd. Don't bite my head off, just an opnion.
Quote from illiquid:
Be honest guys, do you kinda "stumble" into these crosses because of missed calls in the majors, use of hedges as opposed to stops, etc? Or do you actually have a thesis about how aussie commodities will out/underperform eurozone economies or some line like that?
It's probably just me, since I can't trade these for sh*t
Don't bite my head off, just an opnion.
My decision is based on a triple bearish divergence, what is important to note is that, in my experience, on quite a few occasions whenever there is a proven well-known-used entry signal, it is followed by a fake move in the opposite direction of the entry signal, therefore I would either enter partial size when the signal presents itself and either average down till your max risk has been reached according to S/R levels or add on strength, the latter I am not very comfortable with, but still experimenting with it.