How is it going trader?
In what currency pairs have you been focusing lately?
Please don’t tell me that majors…
From the way I see it, most of the majors are trading not in a clear market condition… Specially the EURUSD. So please, stop trading them!
Expand your horizon, yeah, you’ll have to pay more spread, but the odds will be on your favor, and that’s what we are all after, aren’t we?
I would rather trade an instrument with a larger spread, but with a clearer market condition, than a currency pairs with a tighter spread and have absolutely no idea of what the market is doing…
Please tell me this makes sense…
Here we go…
AUDNZD, EURUSD, forex, gbpchf, trading plan
Hey traders, hope everything is going well…
What do you think about the market in the last few week?
Sometimes it’s difficult to trade, but in the last few weeks that certainly hasn’t been the case.
A few currency pairs have very clear market condition, and at the end, those are the ones we need to focus on.
What do I mean by clear market condition?
- Clear S&R levels
- Clear Swings
When you’ve got both of them, you know what the market is likely to do in the following hours/days, and that of course helps us take better decisions.
So here is my trading plan for a few of the currency pairs I’m actually monitoring.
AUDNZD, EURAUD, GBPAUD, trading plan
How is your trading so far?
Have you noticed that the market has been a little slower than usual?
At least the majors have been trading in a very tight range (well… most of them at least).
Do you agree with me?
So here are a few things you need to take in consideration for the rest of the week.
AUDNZD, EURAUD, forex, forex analysis