Disliked{quote} AUDUSD and NZDUSD (currently overlapping) are in the strong sell area, and definitely trade-able. If I were to trade them I would just aim for sell side, looking at stops and using market structure to enter/scale in and exit/scale out. I choose EURUSD because it had retail piling in long over time faster than any other currency. That's why it was such a huge bubble on that graphic I showed. Current Sentiment {image}Ignored
Maybe this is a really silly question, but how do you decide when you are wrong?
For example, at the moment AUDUSD with a decent entry (say 6750) has about as much upside risk as downside potential. I mean assuming retail sentiment stays as long and the price goes up where do you stop selling?
I'm usually looking to have stop losses behind extremes which if/when broken are usually well broken. Losing is rubbish but having a stop loss on a day H/L is bad enough I don't know how you go about trading in the middle of the "range"!
Hypocrite lecteur, mon semblable, mon frere!
Carry Basket Case All Time Return:
10.4%