Master the IBWT pattern

Want

Get it now (risk-free)

8 patterns that make up 98% of my PA income

Get it now (risk-free)

Learn the Scalping Secrets

Get it now (risk-free)

Read on Mobile Enter Reading Mode

Trading Idea AUD/USD

Posted on Mar 2nd, 2015

by colibritrader

Dear Trading Idea Traders

Last week was full with good trading ideas. I recommend that you check again the trades from last week. The one that gave the biggest return was DAX. Once again indices are outperforming other instruments.

Today’s trading idea is coming from the AUD/USD. It is actually a trading idea that formed last week on Thursday, but I believe that there is a great potential for this trade to work out. On Thursday last week there was a bearish engulfing candle on the daily timeframe. The price has not gone that far away and I am looking to enter into a short trade today at around 0.7800. My stop would be placed just above 0.7915. The first price target for this trade is at the level of 0.7600. After that, it depends on how price plays out. I will also try using my intraday strategy in order to minimise risk. Sometimes this intraday price action strategy gives me great risk:reward entries, which are able to return 1:10 and over risk:reward ratios.

Happy Trading,

Colibri Trader

Leave a Reply Cancel reply

Disclaimer: Any Advice or information on this website is General Advice Only - It does not take into account your personal circumstances, please do not trade or invest based solely on this information. By Viewing any material or using the information within this site you agree that this is general education material and you will not hold any person or entity responsible for loss or damages resulting from the content or general advice provided here by Colibri Trader Ltd, its employees, directors or fellow members. Futures, FOREX, CFDs, and spot currency trading have large potential rewards, but also large potential risk. You must be aware of the risks and be willing to accept them in order to invest in the futures, FOREX and CFDs markets. Don't trade with money you can't afford to lose. This website is neither a solicitation nor an offer to Buy/Sell futures, spot forex, cfd's, options or other financial products. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed in any material on this website. The past performance of any trading system or methodology is not necessarily indicative of future results.

High Risk Warning: Forex, Futures, and Options trading has large potential rewards, but also large potential risks. The high degree of leverage can work against you as well as for you. You must be aware of the risks of investing in forex, futures, and options and be willing to accept them in order to trade in these markets. Forex trading involves substantial risk of loss and is not suitable for all investors. Please do not trade with borrowed money or money you cannot afford to lose. Any opinions, news, research, analysis, prices, or other information contained on this website is provided as general market commentary and does not constitute investment advice. We will not accept liability for any loss or damage, including without limitation to, any loss of profit, which may arise directly or indirectly from the use of or reliance on such information. Please remember that the past performance of any trading system or methodology is not necessarily indicative of future results.