Lesson 5: Timing
the best time to take a trade is at a confirmed trend signal and periods of high volatility. The GU is still above the 240EMA, but the currency cross below makes me wary of taking any long trades. i took two EU shorts trades based purely on fundamental reasons. With the fed QE likely going off the table, i see the demand for the usd increasing.
will wait for GU to close under the EMA for any short position. The USDCHF is still under...Times like these, sit on your hands.
the best time to take a trade is at a confirmed trend signal and periods of high volatility. The GU is still above the 240EMA, but the currency cross below makes me wary of taking any long trades. i took two EU shorts trades based purely on fundamental reasons. With the fed QE likely going off the table, i see the demand for the usd increasing.
will wait for GU to close under the EMA for any short position. The USDCHF is still under...Times like these, sit on your hands.
It is possible to make large sums trading, small losses, large wins