jarthoben
Short

Waiting for the inevitable

FX:AUDUSD   Australian Dollar/U.S. Dollar
52 2 0
Inflection point... check
Big US data... check
Gold             sell-off... check
USDCNH             going haywire... check
Chinese economy contracting... check
US economy expanding... check

What is everyone waiting for???
ForceFollower
2 years ago
Yes, we are at an inflaction point, I agree, but which way it is going to go - that's still unclear to me...
Reply
jarthoben PRO
2 years ago
Knowing the direction doesn't matter! Trading at inflection points with risk management allows you to ride the wave either way!

In a descending triangle, go short looking for a breach to new lows. If the descending triangle fails, go long.

Perhaps simplistic, but why complicate things?
Reply
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