Happy Pip

I’m still reeling from my latest EUR/AUD loss so I just decided to take it easy this week and stick with a simpler forex setup.

Aaargh, not again! I chalked up another EUR/AUD loss as the pair rallied back to the 1.4850 level today. What the heck happened?!

If you’re planning on trading AUD/USD, USD/CAD, or NZD/USD, don’t forget to mark these potential inflection points and forex market events.

And my second short order just got triggered! Thanks to comments from the Bundesbank and weaker than expected data from the euro zone, EUR/AUD was able to break below its previous lows.

So far so good on my EUR/AUD short trade! Price has already moved around 150 pips my way and I’m planning to make a few forex adjustments in order to press my advantage while limiting my risk.

If you’re planning on trading AUD/USD, USD/CAD, or NZD/USD, don’t forget to mark these potential inflection points and forex market events.

Will you hate me if I told you that I already entered a short EUR/AUD position hours before the ECB rate decision? I was so giddy about getting a good entry price that I completely forgot to post a quick forex trade update. Sorry!

My previous EUR/AUD short may not have gone my way but that doesn’t mean I’m gonna give up trading this pair. Do you think I should jump in before the ECB rate decision?

Stopped out! RBNZ jawboning and strong Australian jobs data combined forces and pushed this pair right back up. Thank goodness I made forex trade adjustments beforehand!

So far so good on my AUD/NZD short trade! I do have to make a few adjustments though, as there are a bunch of top-tier catalysts coming up.