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5 Comments

  1. Nick-Reply
    October 26, 2015 at 1:27 pm

    Hi Charlie,

    Thanks for the video – agree with you on the EURUSD – in fact its bodes well that it gained in the Asian session, as I think it’ll sell off again in the London/NY session……hence when looking at the AUDUSD, this is different as it gained in the Asian session, which for me isn’t great! ….. Mondays, from my testing anyway, form the wicks on the weekly chart, so I’m thinking the AUD will potentially fall and retest .72 again maybe before any push up….?

    Have a great day!

    Nick

  2. Paul-Reply
    October 28, 2015 at 3:58 pm

    Hi Charlie, first of all thank you very much for your videos, they are very usefull. Related to the AUDUSD, I had also the 0.74 level on my mind, but the thing is, how do you know where to buy? I mean, if it breaks that level you’ll buy? Or is it better to wait because maybe it goes to 0.74100 and the pulls back… And what about the stop? How can I know how many pips are necessary ir order to set the order to reach that 0.75 area?

    Thank you very much

    Best regards

    Paul

    • Charlie Burton-Reply
      October 28, 2015 at 5:03 pm

      Hi Paul,

      Yes you would need to wait in order to get an entry with a good risk to reward. I wouldn’t blindly by at your levels, more so just use them as confirmation then buy on a pull back after that. In answer to your stop, well that’s what the analysis is all about determining and I wouldn’t know until I saw the breakout and pullback. Then I could look at the price ranges and where my support levels are in order to place the stop….

  3. Ilja-Reply
    October 28, 2015 at 4:43 pm

    Quick disturbing easy question.

    So if it breaks above 0.7385 (the highs) and would rally up to 0.7500, that would be 115pips? So for 1 lot of 100.000USD that would be 1150 dollars?

    Hopefully after this week I can afford the trading cds.

    Ilja

    • Charlie Burton-Reply
      October 28, 2015 at 5:00 pm

      yes that’s correct….

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