More dropping then buying, I want 300 pips profit (at least)
Have you traded GBPAUD much? It's a pair that will do whatever it wants whenever it wants, and I love that... it makes me feel alive, kind of like "today might be the last day I ever trade!" Anyway, the money to make on this pair is outrageous, IF you are patient.
Here's what I want to see:
1. more more big move lower into the mid 1.60's (1.65 ideally) then i'm going to draw a short term trend line probably on the 15 minute chart and I'm going to buy every break up until I can get back up to the lower 1.70's (weekly pivot etc). At the time of this posting the pair is bounding around 1.6900's, 100-200 pip move up first will invalidate my trade.
2. I will start small on this trade, scale in with a bigger position a few times and target the low 1.70's
3. I will then run to the bank laughing all the way!
Check out more of this at www.daytradersfx.com
Here's what I want to see:
1. more more big move lower into the mid 1.60's (1.65 ideally) then i'm going to draw a short term trend line probably on the 15 minute chart and I'm going to buy every break up until I can get back up to the lower 1.70's (weekly pivot etc). At the time of this posting the pair is bounding around 1.6900's, 100-200 pip move up first will invalidate my trade.
2. I will start small on this trade, scale in with a bigger position a few times and target the low 1.70's
3. I will then run to the bank laughing all the way!
Check out more of this at www.daytradersfx.com
Jared Johnson
Union Hedge Funds
Union Hedge Funds