Disliked1.0150 achieved, postion closed. Looking for another dip to buy.
Regards,Ignored
Regards,
EUR/USD, AUD/USD, and CAD/USD ready to move up 2 replies
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AUD Trade Balance and AUD Retail sales 6 replies
Disliked1.0150 achieved, postion closed. Looking for another dip to buy.
Regards,Ignored
Disliked.
*The pair has previously made a very strong triple top formation just above this level (about 120pips above current),
and each time the market hit that level it was then thrown down very hard and fast for 500-600pips.
*The potential further upside for the pair (without it reaching new record highs) is very limited vs the potential downside for the pair from the current level is very big.
I personally sold Aud/Cad lastnight at 1.0336 (unfortunately 15minutes before the spike from aussie jobs number),
[color=red]my...Ignored
DislikedI agree with your idea about sell AUD/CAD because I see most cross-pair related to CAD are fairly stable range trade swing back and forth. I am still waiting for either the price reach to near 1.05 or at least 1H turns to bearish..
you sold at 1.0340 with 240 stop but only 170 profits?? This risk reward ratio looks not good, unless you will add more when you 1.0340 short gots profit and the market shows bearish signalIgnored
DislikedIm experienced and sucessful enough to not using ''gambling punter'' terms and ideas like 'risk to reward ratios'... lol
I have no interest in ''punting my money'' on gambles.
I am a value-trader (an Opportunist, not scalper or swing), and so i buy and sell markets when they become extremely overdone in 1direction.
Ive bought Cad/Aud become it looks very cheap at this price, if it becomes cheaper i would then love to buy even more as itd be even cheaper..
I don't have any interest whatsoever in taking loads of small losses...Ignored
DislikedCheers mate..
Everyone has their own style of trading though,
and at the end of the day there is only 1 thing that matters, and that is how much money you manage to bank,
regardless of what your method is.Ignored