The key is to get HOD/LOD. Aussie being commodity currency = risk currency.
Rise in oil = Rise in Aussie-FTSE rise
Rise in oil = Rise in Aussie-FTSE rise
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DislikedI can't find any setups to play the long either (I'm not a breakout trader unfortunately). Good to see everyone post their reasons, makes for accountability and transparency.Ignored
DislikedAgreed. We should post our entry price and at least the stop. So often we see "I'm long" and then "I'm up +200pips already".
The continuing uptrend on EUR/GBP and USD/JPY does not work in favor of EUR/USD longs in my view. Always monitor what other market instruments are doing to gauge investor sentiments, good resource here.Ignored
DislikedSeems there is 1.3300 & 1.3250 strike expiration(s) over next day or so [DJ News]. This fits with the current bracketing seen on 15 min chart.Ignored
DislikedWe are not on Live chart. I short euro and FTSE but late on Oil.
Im using Intermarket analysis for my setup. I dont trade on only FX.
Its better to find a live chart room tradeIgnored
DislikedNo worries 2face -- If you don't feel comfortable with posting details that's perfectly fine. Understand very well that the (self imposed) obligation to post can distract and actually destroy a trade. However, I will try to post my next trade live (at least a few minutes after entry) rather than after completion.
Ignored
DislikedShort EU 1.3266 stop 1.3279.
M didn't shape up how I wanted really so this is a more risky booby prize I guess.Ignored