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feb2865

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Posts posted by feb2865

  1. Posted

    A small lesson - from the markets.

     

    AUD/JPY is probably my favorite pair to trade - because really sticks to price

     

    Trading is all about PRICE. Yes it is.

     

    Look at the yellow circles - see what happened?

     

    Hindsight? , well, look at the last top(resistance) yellow circle to the right and compare to what's happening now.

     

    Actually in one of my late post yesterday I mentioned AUDJPY holding support . That would be the last yellow circle (support)

     

    If you really analyze this charts, your eyes and, like my mentor used to say, you won't be trading on your toes anymore.

    5aa71257c0e18_AUD-JPYpredictable.thumb.jpg.0b96edb3e78e52ba97afdc98893a35d2.jpg

  13. Posted

    EUR-USD - Resistance is holding . Currencies are going to move very slow during the Asia/london session until Non Farm tomorrow - Despite that, I am going to let this trade cook overnight and will see in the morning before the announcement.

     

    Note: something that traders don't realize - Make sure you know beyond reasonable doubt how your broker handle stops. Market makers (forex) are a lot better these days than 10 years ago. Still, won't hurt to ask, especially if your broker is a ECN or has no dealing desk. If you're trading currency futures, then your risk is greatly minimized as order will be sent to the the exchange.

    5aa7125749888_EUR-USD60.thumb.jpg.12014d4bad95ea7935878461c27e169b.jpg

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