Is that the way you come up with trade ideas? Not criticizing ... just curious.
EUR/USD & GBP/USD & AUD/USD Forex Trading
- Thread starter increasenow
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Is that the way you come up with trade ideas? Not criticizing ... just curious.
obviously more in depth chart evaluating went into this trade...but...did look at EUR/USD and AUD/USD...this is 'at the end of the day' why the EUR/AUD moves in any direction...
In my experience, the EUR/AUD moves inversely to the AUD/USD.
Not always. It consolidates at its own pace.
Also, 35 pips is too tight for that pair. My experience only.
you are sooo right on my friend...I promptly got 'stopped' out of this trade about 4:23pm CST today for a "nice" -35 pip loss...hmm...you be right on!...you trade the EUR/AUD at all anymore?
I am too tired to make any real/live trades but here are my "HEAVY BEAR AT NIGHT" selections:
As of 9:54PM CST
HEAVY BEARS...short/sell...
GBP/USD @ 1.6394
EUR/AUD @ 1.7378
GBP/JPY @ 153.36
I think these all have serious 'free fall' potentional overnight...
As of 9:54PM CST
HEAVY BEARS...short/sell...
GBP/USD @ 1.6394
EUR/AUD @ 1.7378
GBP/JPY @ 153.36
I think these all have serious 'free fall' potentional overnight...
what stop pip amount do/have you used trading the EUR/AUD?
you trade longer term (not scalping) with only a 22 pip stop? wow!
cover gbp-usd at 1.6200
