Discussion in 'Forex Trading' started by PaulRon, Oct 15, 2008.
here's an aud channel
Extraordinarily short time frame. Not sure much can be done without taking on significant risk.
I think it depends. What is a reasonable risk to you?
See? Channel was vaporized just like that. If I had played the channel and gone short at the top, I'd be screwed.
was just posting for a friend
Ah, I see, I thought you meant going long at the bottom. It seems to be still valid the way I see it. IMHO it is still trading within that channel/standard deviation.
I made a bit of "monopoly money" (demo account) on it Went short @ 0.6641, out @ 0.6631 ($100). Then went long at 0.6635, out @ 0.6665 ($300). Both at 100:1 leverage betting $1,000.
I know you are veteran, so, in your opinion (which I highly regard), you do not think it is worth it to shave a few pips here and there in the 1-min chart?
thru 38 fib and some resistance
im out... need another entry
10 to 1 risk to reward on this trade gotta love em
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