pound aud possible breakout swing trade
Just a quickie trade update for you all on a possible swing trade. Problem is its already up huge (several hundred pips). So, being that is is extended there are 2 ways to get in.
Down and down it goes, where it stops nobody knows.
Strange title I know, but this is about the art of “laddering orders in an attempt to peg the best price towards the bottom. You see, I don’t know where this will stop, but I want it, and that is all that matters to me.
Swing trade on GBP/CAD short.
Hi Fellow traders. I am looking at a Daily double test high on the Pound Canada pair. I am considering a short on it on an hourly sell bar and if you look at the hourly, you see a 5 day several hundred pip run. If we draw our fibs and look at the levels…
What are the makings of a good scalp trade?
ShareHi folks, a fellow trader just emailed me with some serious questions about proper scalping methods and management. I thought I would just capture the charts and the potential trade and put it right in here for a good example. This is just one example of certain things I am looking for. Take a look [...]
Its going up, why are you shorting it?
Shorting euphoria. Why should we do this? I am often asked in the trading room why I am shorting something that is spiking “to the moon”. I have to re-explain it every time.
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