DislikedHi Foggy
I like your thread , I am a fan of TD too , This buy is against the trend , do you trade aganist the trend ?Ignored
I didn't take the AUDUSD trade in my last post, I just used it as an entry example to explain how I am looking into changing my money management approach to also book some shorter-term profits.
Generally I try to trade with the trend which is why I use daily and weekly charts to help me decide. For the last year or so I have used this method to build up long-term positions and I am currently looking into a way of making it a more short-term strategy. I mentioned on Sunday I would be looking to sell GBPJPY around the 147/48 level, we had two attempts yesterday and the second one worked out with only 20 pips risk, if you can pick which way you want to go, the signals will come if you are patient.
Cheers
Foggytrader