Aussie dollar shows the danger of moving too soon

Hello everyone,

as I was watching the AUDUSD trading this afternoon I thought it was worth recording some thoughts on the different ways in which breakouts occur. As I was recording I also thought that you could look at these setups differently to the way that I have but again I think that simply underlines some of the dangers in making your assessment too quickly.

Of note also, after I recorded this the AUD made a significant shift lower which goes to show the importance also of having your stop-loss in place on every trade.

You can watch the video by clicking here.

Let me know what your thoughts are on managing the breakout.

All the best,

Dave.

This entry was posted in Forex, Trading and tagged , , , , , , . Bookmark the permalink.

2 Responses to Aussie dollar shows the danger of moving too soon

  1. Barry Seeger says:

    Thanks David, and I totally agree with waiting for a breakout to be confirmed.
    I am wondering, what was your charting package on the video? It looked pretty nice.

Leave a Reply

Fill in your details below or click an icon to log in:

WordPress.com Logo

You are commenting using your WordPress.com account. Log Out /  Change )

Google photo

You are commenting using your Google account. Log Out /  Change )

Twitter picture

You are commenting using your Twitter account. Log Out /  Change )

Facebook photo

You are commenting using your Facebook account. Log Out /  Change )

Connecting to %s