Watching EU but looking for USD weakness to support move up in EUR. - Don't trade AUDCHF as this is not recommended unless you have lots of experience and it is one currency that is actively supported by the central bank and can be very volatile. Search Euro Peg scrapped to see how dangerous any of the CHF pairings can be.
Recommend - Read Page one and only trade those currencies until you are completely comfortable with the system.
Closed NC 230 pips. I noticed pairs like UC always reversal on s/r 38 but keep watching. US news printed green. might go upper. Hand sitting and waiting for PA. someone might need this pdf. I downloaded from the old thread. {image} {image}
Yes it’s right that EJ is sitting at S61 at the current moment, but it’s still a strong bearish momentum overall. No doubt that you can just trade at that level S61 but again have to look at higher timeframe to give you a better picture of a overall trend before you take long trade.
If you look at EU trend probably you will know what I mean. EU correlate very much with EJ or EG. So if you want to trade cross pairs, pls look at this pairs before you decide to go long or short.
Remember price move first followed by pivots zone. This is very important.
Hope that will help you to decide your trade in future on pivot zones.
We all know the entry criteria’s, but what does a exit strategy look like, for instance some of you will exit quickly and some will hold on much longer.
We all know the entry criteria’s, but what does a exit strategy look like, for instance some of you will exit quickly and some will hold on much longer. what are exit strategies? Riese
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That is the most difficult lesson to learn but I think it depends on size of accounts and the risk appetite of the individual
