The Australian dollar gapped higher at the open of yesterdays session. This was a very aggressive gap that managed to be closed during the US session. Price moved lower closed this gap and then rejected and moved much higher to finish well of the sessions lows. The next resistance level comes in …
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Work Out Trading Profits in Money and Not Pips
Work Out Trading Profits in Money and Not Pips It constantly amazes me when talking to traders and they work out profit or loss in pips. A common question I get asked is “how many pips should I make trading price action?” Or another example is “should I have a minimum pip profit target each …
EURAUD Screams Higher After Pin Bar
The Pin Bar that formed on the EURAUD 4hr chart and was posted in this blog yesterday screamed higher soon after posting. This setup was also heavily discussed in the members forum. Well done to all the members who were able to get aboard this trade and make some decent pips. Traders could have …