Thread: Gbp/Aud
Forex or foreign exchange is also known as the currency market. As the name suggests, it deals with buying and selling of currencies of different countries world over, where one currency acts as a base while the other acts as the quote currency. It assists in international trade and investment
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after a down fall on gbpaud now gbpaud is starting its up trend from 1.6900 to 2.0000
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Yea I know about it. But I still hold my position and make some short position again. My exit area around 1.6937. Now GA on 1.6942..
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There is a R&S on 1.69300 , Do you think should we get out the trade or still going down?
Cheers
--- Update ---
There is a R&S on 1.69300 , Do you think should we get out the trade or still going down?
Cheers
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
148 (2019-01-23), gale (2019-01-23), Hanif484 (2019-01-23), PAK786 (2019-01-23), Tanveer333 (2019-01-23)
Good to see gbpaud thread...
4h tp lower long chande kroll stop sell...
Possible ext to 50 ema.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
i went against my principle and trade more than 5% of my capital. i made a loss. i went in again and long this pair after suffer a loss. it's still down but i am sure it will bounce back as AUD is in doldrums, pulled down by commodity prices.adding oil to fire, the data release for the past week is not so good for AUD. besides, china hasn;t stabilise, looks like it has but beneath the surface, it's still struggling. i am LONG on this pair till 2.07
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
I'm a trend follower, I don't use many indicators mainly EMA and get entries with Fibs and S&R lines.
Heres my reading on G/A
Pair is in up trend and uses the 50EMA line as Dynamic Resistance
I just went Long this pair, as you can see the PA has touched the 50 EMA line and also reached the 61.8 Fib line on Wkly Timeframe Long term target is 2.25, but will be adding and reducing exposure along the way. SL 2.05 R:R 7:1
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
Another day, another trading day.
I need a second opinion on this pair.
Myindicators and fiob retracement has the pair sitting on 61.8% line since yesterday's high of 2.145 ish area. Heiken Aishi is saying there's a start of a reversal at 4h chart but I can't seem to shake this feeling that it won't break through 61.8. call it a hunch but i'm sticking with it now. it's tried for the past hour or so to break through with increased volume at the 5min chart but nothing. Question is do i walk out or wait. any thoughts would be appreciated.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
forex
Knowing that market is going to go against you and take necessary action ( small profit or maybe small loss) is one of the most important part of trading. Otherwise there will be a floating loss and unhealty.
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
This is a pair with poor volume, so when the rate hit your SL or TP, you can not close the deal.
I got slippage of this pair in my broker FXpro with 20 pip standard. I swear never touch this pair again, with what ever cost!
Though trading on financial markets involves high risk, it can still generate extra income in case you apply the right approach. By choosing a reliable broker such as InstaForex you get access to the international financial markets and open your way towards financial independence. You can sign up here.
148 (2019-01-23), Asif777 (2019-01-23), gale (2019-01-23), PAK786 (2019-01-23), Tanveer333 (2019-01-23)
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