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MrPresident replied Apr 12, 2017Wider stops are needed to not be stopped out by meaningless spikes or volatility. It depends on your trading style and what you want out of the market. I use wider stops to trade for a day or longer.
AUD/JPY
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MrPresident replied Apr 12, 2017The employment data from Australia and trade balance data from China will determine the direction of the pair. It can either go up to 0.775 again or down to 0.72.
AUD/USD
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MrPresident replied Apr 12, 2017It looks like this pair might test 108.5 soon if it does not close above 110. I am bearish with a target at 108 or lower.
USD/JPY Discussion
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MrPresident replied Apr 12, 2017It might have bottomed out for now but it has to break 1.063 to be bullish.
EURUSD
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MrPresident replied Apr 11, 2017maybe we can go down to 0.842
EUR/GBP - What a great pair to trade!
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MrPresident replied Apr 11, 2017if it can't close above 1.063 today, then it is probably safe to short

EURUSD
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MrPresident replied Apr 11, 2017I think there is still more downside unless the daily doesn't close above 110.6.
USD/JPY Discussion
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MrPresident replied Apr 11, 2017nothing interesting in AUD or NZD this week so go along for the ride down and enjoy lol
EURUSD
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MrPresident replied Apr 11, 2017Fun to the downside you mean? Because Trump is talking about WW3 on twitter with North Korea and people are selling off the USD on USD/JPY.
EURUSD
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MrPresident replied Apr 11, 2017If USOIL stalls at $55, then a long USD/CAD position might be good. Trump starts talking about WW3 on twitter and the oil moves up.
USD/CAD
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MrPresident replied Apr 11, 2017This might be a good short opportunity. I'm looking to get in on the retrace towards 0.76 with targets 0.73 and 0.72. I don't think that we will see positive employment data from Australia and positive trade balance data from China tomorrow. This ...
AUD/USD