Ivan's Trade Thread, part II

Cable, David,

Do you guys find it easier to short than buy? Most of the pairs are in a nice uptrend but I find myself looking for places to short rather then looking for a spot to get in the trend. Which I know is wrong but it must be ingrained in me from my equity daytrading days or something. So Until I see a nice reversal then confirmation I will not short until then, dont want to step in front of a freight train. So now I am trying to be in buy the dips on support mode

 

I can lose in either direction! Old adage about the stairs/elevator.
But, I do short more often, but look at the longer trend before making that decision.

 

Ivanovich...why have you not posted lately?...still trading Forex?...if yes, what main cross rates do you trade?..thanks!

 

Could be another long EUR/AUD. Risky, with the longer frames being down, 3 plus hours and the daily. But, could be a nice reversal. Calls or Balls?


S/R around .9739.

 

man, what is the spread on this?...like 10 pips?

 

Does 10 pips easily, spread 8.5 on Oanda

 

Looks like on the 4 hour chart 197 is some support or maybe if it gets a little clsoer to there or jsut put a stop on the other side or so, which probably still needs to be 30 pips below this pair due to the spread and volatility. Also its at the low end of the channel so it could be a nice play. I will throw it on in the demo, since I am not trading that pair yet. But soon! Its been following a nice down trendline since last week from the high if 2.0550

 

Here is a compressed pic of what i was saying hopefully it will come out this time

 

I see it. Not sure.

 

with this type of spread, certainly you do not(or cannot) daytrade this "grand canyon of a spread" currency???