I'm glad this thread is here. I encourage you to keep it up for those of us who love this pair. I also love usdtry.
At the moment, the margin is too much for my risk parameters, but I. Will. Have. These. Eventually. I wouldn't be surprised if I ended up trading them exclusively.
I demo them all the time, but I still need to become a better disciplined trader.
Most traders see the spread and freak out without calculating the pip value. They don't realize the pip value is a fraction of the norm. Yet, it can move really fast and these add up.
I like usdmxn for diversion plays. I don't normally trade diversions, but I find they are a great filter for a reversal coupled with a qualifying entry ... say a 4h close below the 15 or 20 moving average.
Fibs work well, too on this one. Overall it's very very basic, but hidden behind the fear the volatility creates.
Fear is a terrible thing, isn't it? hehe
At the moment, the margin is too much for my risk parameters, but I. Will. Have. These. Eventually. I wouldn't be surprised if I ended up trading them exclusively.
I demo them all the time, but I still need to become a better disciplined trader.
Most traders see the spread and freak out without calculating the pip value. They don't realize the pip value is a fraction of the norm. Yet, it can move really fast and these add up.
I like usdmxn for diversion plays. I don't normally trade diversions, but I find they are a great filter for a reversal coupled with a qualifying entry ... say a 4h close below the 15 or 20 moving average.
Fibs work well, too on this one. Overall it's very very basic, but hidden behind the fear the volatility creates.
Fear is a terrible thing, isn't it? hehe
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