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Day Trading Currency Futures W/Multiple time frames

  #67 (permalink)

West Coast of Florida
 
 
Posts: 505 since Jul 2010
Thanks: 56 given, 2,284 received

Day Trading Currency Futures W/Multiple time frames

Does anyone else like the longer time frames on FX trades?
Check out these 2 trades on EURAUD 120 min chart, where you short on close below the Blue MA and reverse on close above the Blue MA for 2 nice trades. Short @ 1.3525 to 1.3417 reverse. Of course, there was more to be had, but this allows one to move stop and return 2 hrs later to check, if still in trade, decide just what to do.
Simple and profitable....gotta love it.
As always, Good trading.
WK

Attached Thumbnails
Day Trading Currency Futures W/Multiple time frames-euraud_120_min_chart_-_trades2013-06-10_2217.png