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Price Action Swing Trading - The PAST Strategy
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[QUOTE="Nigel Price, post: 47165, member: 25485"] I'm going to be looking for opportunities to short the EUR/AUD pair this week. I'll explain why in a later post. But as it is happening right now, I thought I would show the trade I opened just this morning. Here it is on a 1 hour chart. I love this type of price action set up because it allows me to get into the market with a very tight stop, so I can keep my risk to a minimum. In this case the trade only went 10 pips against me at its worst point. It's now 35 pips in profit, and I have set my stop to breakeven. Risk = zero; reward = yet to be decided. [/QUOTE]
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