Sold 1/2 my position for 179 pips - if it breaks 1.98 on a closing 1hour bar I'm holding the other half - if not I'm closing.
Trichet is clueless - we'll save the currency and lose the union. He was actually looking rather hawkish. I love it
what is the best time to trade EURAUD. 9am-12PM EST? (US markets open) 3am-6am EST? (Europe open) 6pm-9pm EST? (AUS Open) Thanks.
I don't know the best but I think it moves the most at the end of Europe and beginning of Asia. Check an hourly chart and see what the typical range is at varying times.
Open Letter to SchraderTrader and DavidMaria...you guys rock in the EUR/AUD...honestly...very inspiring to look at this almost "exotic" pair and you guys trading it...great job...I am going to look at it over the weekend...keep up the great stuff...I'm out, IncreaseNow
Traded like crap this week. EUR/AUD ended up taking me for 50 pips by the end of the week. "Exotic" my fat ass!! It would seem Schradertrader had the other side from me! Better to give than to receive (sure)! Next week, it will all be a distant memory. David.