I hope you are right.
Essex, the reason most retail traders lose is because they either rush into trades (fearful they will miss it), or they try to outsmart the market by picking bottoms. Don't be one of these guys.
If you draw your support/resistance lines, and wait patiently on pullbacks until it rejects those price levels, this pair is EASY right now.
It's going to have to form some strong pattern on the 4-Hour chart for me to consider a long, and that could take days to develop.
Have a great weekend everyone!
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Heh heh I am not in a hurry to take positions as I'm already in them. Need opinions on how to best maximize my profits.
i think the safest way in trading is to trade once or two times a week and follow strong trend, not get in and get out every moment to pick up every pip.
I am. Even if it gaps up, odds are it will fall back down unless some earth shattering news causes it to rise above 1.01.
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Yeah .. BUT .. I kinda feel like it will gap up giving a chance to get in at that price maybe look for another 1.0060 or close and run that to paraity and below for monday..
Yeah .. BUT .. I kinda feel like it will gap up giving a chance to get in at that price maybe look for another 1.0060 or close and run that to paraity and below for monday..
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you worry to much, use mini lot then, minimize your risks.
Yeah .. BUT .. I kinda feel like it will gap up giving a chance to get in at that price maybe look for another 1.0060 or close and run that to paraity and below for monday..
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Nothing wrong with that. If it does open higher, you will be sitting pretty. If not, you may miss the move to .9950.
I would rather wait for PA to show a reversal. The last move was rather weak, and the gains were erased in just over 2 hours.
One other scenario, if it sits below 1.0030 level for much longer, the retail bulls that entered around the 1.0020 might not want to hold their positions over the weekend. That could cause it to drop sharply before the close. Just a thought...
One other scenario, if it sits below 1.0030 level for much longer, the retail bulls that entered around the 1.0020 might not want to hold their positions over the weekend. That could cause it to drop sharply before the close. Just a thought...
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what is ur % that aaud will loose down below .9950 today before close?
what is ur % that aaud will loose down below .9950 today before close?
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About .001 percent. The .618 of the long term up move is there and that's still over 70 pips away. Would not be surprised if it closed around parity though.
About .001 percent. The .618 of the long term up move is there and that's still over 70 pips away. Would not be surprised if it closed around parity though.
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is it mean aud will sit around 1.0020 for today close and the possibility to get down trend for monday is much higher @ even lower to get back around 1.0060 @ the chances of gap maybe?
