WALLSTREET FOREX TRADING AUDUSD |
There is some pretty hefty DD as seen by the equity curve, but some traders might not have a problem with this. If you want to trade this pair don't forget to the default SL I believe is 150 pips. You may want to experiment with a lower SL value closer to 120 pips(manually enter this in the SL field). What I do like about this pair as well as the GbpUsd pair, is the TP is high, so your R/R ratio is nicer. I believe the TP is around 70 pips. Also note that in the end of 2013 the short trade equity curve is starting to take off! yup the audusd pair has been sinking like a rock as of late. Happy Trading!
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