AUD unknown

trade, page-33

  1. 642 Posts.
    hi cdmtdm, the first one was at 8657 the hourly stochastic had crossed up jumped in and would add more if it dropped, i jumped in a bit early but i was watching the pull back on monday tuesday and got a entry signal on that run at 8720 but the 5 minute was saying overbought and normally when that happens it has some drop before moving higher but that day it didnt drop but went sideways and had a 150 pip rally and wasnt in a long position for the move. Thought this time just have 1 contract incase didnt come back and if it did pullback can add to it.

    Still learning how forex works and have missed too many moves expecting it to do something and the market does the opposite.

    Is ny trading the best time to trade the aud/usd currency? it seems the most volatile around 10-5am.

    Thanks.
 
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