Nzd/usd - Aud/nzd
- Thread starter Ivanovich
- Start date
Nice move.
Just went short AUD .7730 (12 pip stop). Looking for .7634.
Big Funky,
Right, made a mistake. Stopped out - was ahead by 10 pips and decided not to put stop to break even - turns out I should have. Aussie seems to be moving in that direction again - but I'm done on that pair for today.
Without exception EVERY trade I get into seems to move at least 10 pips in my favour. I have got picking entries down to a fine art.
I have noticed that the Aussie likes to bounce around in 20 pip clips. The way I have my charts settup these days - I'm looking at tick charts more and more again - I could 'theoretically" trade by going after 3 or 4 "20 pip grabs" a day on the Aussie (approximately a third of the daily range) in an 8 hour shift - from European open, with breaks), instead of going for that one big kill. Alternatively, I could do same with other currencies that I can get a low spread on (Eur/usd, usd/jpy etc. not NZD). Comments?
Right, made a mistake. Stopped out - was ahead by 10 pips and decided not to put stop to break even - turns out I should have. Aussie seems to be moving in that direction again - but I'm done on that pair for today.
Without exception EVERY trade I get into seems to move at least 10 pips in my favour. I have got picking entries down to a fine art.
I have noticed that the Aussie likes to bounce around in 20 pip clips. The way I have my charts settup these days - I'm looking at tick charts more and more again - I could 'theoretically" trade by going after 3 or 4 "20 pip grabs" a day on the Aussie (approximately a third of the daily range) in an 8 hour shift - from European open, with breaks), instead of going for that one big kill. Alternatively, I could do same with other currencies that I can get a low spread on (Eur/usd, usd/jpy etc. not NZD). Comments?
The Aussie fell out of bed - just hit the target that i had thought it would only a few hours earlier - and off-course as I posted i wasn't going to have another go at it (like I should have in hindsight). If your curious to know why I thought it would go down - apart from this mornings (Australia time) balance of trade figures - their was a big H+S on the 3 hour chart forming since the start of the week. Two days in a row i've "just missed out" on the days major move (yesterday the pound). I'm going to crawl into my bed now...
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