You know, there are periods of instability, periods in which its very complicated to trade, or to find low risk trade opportunities…
There is no doubt about it!
But there are also periods, in which trading seems so easy… we just need to find them.
For instance, one of the currency pairs that I’ve been trading lately is the GBPAUD.
Take a look at its long term chart:
EURNZD, forex, GBPAUD, signal
Hey Traders, hope everything is going well so far in 2014!
I’m really interested in knowing what you think about how the markets have been moving so far in January?
Because let me tell you something, I’ve been watching all pairs, and some of them have been very difficult to trade, and with this I mean:
- No clear support and resistance levels
- No clear swings
- Very volatile during news announcements
But not all of them, just the majors, the most traded currency pairs.
But that hasn’t been the case for other crosses, like the GBPCAD or the GBPAUD and others.
So here is my question: do you ever venture to trade those crosses? Even when the spread is larger than with the majors?
When I started to trade, I remember I looked for the currency pair with the tightest spread and just trade that one (it was the EURUSD of course).
forex, GBPAUD, GBPCAD, signal
Last week I released a Free eBook about The SF Box, which is a very powerful concept that can change the way you see and trade the market for good.
It answers two fundamental questions about trading:
- What currency pairs to trade
- What direction to trade them
So if you haven’t, Download the Forex eBook from here, while it is still FREE. (it has been downloaded thousands of times already).
And based on the feedback you have emailed me, I know its been very helpful.
Anyway, here is a real example of how you can apply The SF Box in the GBPAUD.
forex, GBPAUD, The SF Box