Can't believe I missed out on this so far.
What do you think?
What do you think?
Will EUR/AUD go lower?
- Thread starter farmerjohn1324
- Start date
I'm not sure if crude will go higher. I don't know which way index futures will move next.
Obviously nobody know anything 100% but I don't have an educated guess.
Do you?
I don't know how high crude oil will go.
day traders don't have to worry about this Q.
crude oil is excellent for day trading due to its very wide day range.
for the past few days, there are plenty of opportunities to long and short crude oil futures
within a day.
the same goes for the index futures.
euraud not tolatile enough?
You must have some misunderstanding on volatilities.
euraud is the most volatile instrument on Friday,much more volatile than crude or index futures. I made one day gain of 600% on Friday on euraud.
It is about drawdown, position size.
If drawdown is small, you can trade big position size without increaseing your risk, so making your instrument more volatile.
Congrats. Did you use leverage?
Yes, in a forex account trading is always involved in leverage. But I set my leverage level so that if market goes against me, my risk is tolerable before my system send an exit signal.
I have been shorting euraud for 2 weeks. But Friday was the biggest one day gain.
https://www.elitetrader.com/et/threads/audnzd-possible-buy.365376/
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I can understand eur/aud going down. But why are aud/jpy and nzd/usd going up when world indices are declining?
Aud is tied to commodity prices.
I have no idea what affects NZD. One time I read dairy prices, but that can't be the whole story.
Yes, I got it, the stagflation market condition.
https://www.fxstreet.com/analysis/the-return-of-stagflation-202203041522