Gbp/Aud

[Tanveer333]

The way I trade this pair not by the GBP/AUD chart.

I use aud/usd and gbp/usd chart for entry and exit.

gbp/aud movement is only determined by aud/usd and gbp/usd pairs.

[Asif777]

Hi,
Where are you from?
Your phone network is 3G.
I use 4G in our country.
5G will be use before long in our country.
3G is outdated.

[Tanveer333]

Wow you are using some huge lot sizes on such a small balance. Im using 2 max on $35k .

This pair is awesome I trade it all the time.

[Hanif484]

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!

--- Update ---

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!

[Tanveer333]

thread died? can't trade this pair daily any way

4 week high side break out, a la Donchian

anyone reading this, do you know any Donchian or Bollinger Bands threads, please advise

thanks

[Asif777]

And one more thing. Just as one should be ready to expand target if market is telling them to, they also need to be ready at all times to exit if market gives clues to possible reversal. I wrote this in the USDJPY thread a few minutes ago.

"Not liking what I'm seeing for my short position. Just took profits 97.29. Trying some new trade, but going to take a break from FF. Good luck guys/gals.

[Hanif484]

That is what I did with the USDJPY trade I'm in right now. My first target was 97.00, but after seeing the market build steam over the last week, I am confident in waiting for 95.00 to take profits. Plus, I have added shorts on rallies. Not a lot, but about a 25% increase from initial size. That trade started out as a 1:3 r/r trade, now it is closer to a 1:7 r/r trade and that does NOT include the added size which increases it even more.

The main concern is getting stopped out a lot and then you've got to lower your size. To avoid this, one must simply trade with less. Small enough to withstand a nasty drawdown, but big enough to keep you interested

[Tanveer333]

Yeah, it's tough trying to win when you are giving the market 60 pips and you want 300 out of it if you are right. But to me, there is no reason to give a market more room to go against you if your analysis says you were wrong. Remember, with a 1:4 r/r trade you only need to nail 1 out of 4 to break even, and usually you can add some size to the trade without increasing the initial risk as the trade proves you right. By the end of a successful trade you very well may have made 10 times what you risked. Plus, there are other factors that can increase it even further such as the market making it obvious that it is going to go considerably past your target, in which case you would increase your target.

[Asif777]

Same with me in gbpaud today i can make huge profit but due to tight stoploss it ruined my all profit today.

[Hanif484]

Getting my stop hit happens. It sucks and I hate losing, especially when I post a trade on FF, but what can you do? But the stop was tight relative to target, and now I am in at a much better price, with an even better r/r, so...

I appreciate the encouragement, Arenoosh. I've been fighting for over ten years now, so no lack of a fighting spirit here