O,
Thanks for all your speedy replys. My last Q. Do you leave your other entry pending till the daily close?
FJedi
Thanks for all your speedy replys. My last Q. Do you leave your other entry pending till the daily close?
FJedi
Quoting OrangeRoshanDislikedLastnyte trade on AUDUSD was around 52pips. I dunno how you lost 20pips unless you have a SL less than 30pips.
Anyway, I use 1-2pips + spread (3pips).
Say Resistance is 0.7701. My Pending Stop Buy is 0.7701 + 2 + 3 = 0.7706
Lastnyte I got the full pips as my TL is 35pips. I made pips while I was sleeping.
Draw trend line and watch the trend direction. When the trend is upwards, which is the case now, and with fundamentals; Dollar weakening and Down under economy is getting stronger, especially with possible Interest Rates hike, AUD is a sure Up Up and away!! I know its near to May High, this friday when dollar's data is weak, expect the croc to rise on the bay.
AUDUSD is a very sober pair, movement is not erotic, just like their crocordiles, friendly bunch!! Traillock of 35 should get you maximum pips or at least a winning trade at the end.
I hope my explaination makes Aussie dollar not only Cents.Ignored
Stacking pips since 2002