Trading -AUD/USD

Quote from tradingjournals:

If it goes up, do you think it would go beyond 132.50?
More...

On the other hand TradingJournals, this type of chart formation that the EUR/JPY is making right now is rather bearish, at least in the short term (you will need to wait for the breakout first of course), take a look...
 

Attachments

Quote from ramora:

Why is EURCHF not interesting, with all of the other pairs why is this an exception?
More...

Well, the daily range of the EUR/CHF is ridiculously small these days, as you can clearly see on any daily chart.

And as you probably know, to make any real money in this business the average daily range of the financial instrument you are trading must be large enough, otherwise you are just wasting your time, as far as day/swing trading is concerned,.


Quote from ramora:Also, do you have an average time you are in a trade? 30 minutes, hour, 10 minutes?
More...

I have a price-action based stop and a time stop.

For the exit point the sky is the limit, as long as the trend is still valid I will ride it until it breaks. The trade could last only 30 minutes or 3 weeks, I don't really care.

Never put a limit on your profits, that's the only way to super-size your profits, unless your charts start telling you that it's time to cash your chips in and look for a better trading opportunity.
 
Quote from tradingjournals:

eur/jpy at 1.3232. short side. 1/6th. Against trend, so riskier.
More...

As expected, the EUR/JPY tested the important support level (1.3130) for the second and last time at 1 AM (New York time) and jumped 100 pips higher.
 
Quote from xelite777:

As expected, the EUR/JPY tested the important support level (1.3130) for the second and last time at 1 AM (New York time) and jumped 100 pips higher.
More...

Yes. They seem to have guess the direction of the jobs report numbers right.
 
Quote from tradingjournals:

eur/usd @ 1.3362. Short side 1/4th.
More...

Yep, I also like to scalp a few currency pairs between 1PM and 3PM on Fridays, some interesting things could still happen before the Forex market closes for the weekend and the New York brokers hit the pubs... :cool:
 
You must log in or register to reply here.
Back
Top