Ivan's Trade Thread, part II

DM-

what do you think of the short setup?

 

Honestly, I thought once it broke 1.9600 it would continue heading south. Hence my negative returns!
But, the daily chart looks ready to roll down, if it hasn't started already, so yeah, short could work. See what happens Sunday night.

 

hey cats...it seems as if the EUR/AUD moves on average 50 pips per 30 minutes..is that correct?.

 

my estimation is about the same.... 50-75 pips

 

Interesting correlation graphic.
Note inverse with AUD/USD?

 

do you watch the aud/usd for trade setups in the Eur/Usd?

 

that is very cool actually...very great range in the EUR/AUD...I made my very first real live 2 trades on this pair friday...for a total small loss...BUT...actually took the trades and got "over" the big spread complex for me...

 

Congrats bud. I'm working up my trading plan for next week right now and EURAUD looks to play a significant role.

 

thanks man...look forward to you and everyones insight on the EUR/AUD this week...best trading to you!

 

Strong support in the 1.95's.