Understanding Why and When to Press a Pair.

I have been talking pretty much non-stop about the AUD/CAD during the Foerx in the Morning chat because 1) It’s my biggest open position right now and 2) It’s the trade I am rising the hardest (most aggressively).

The confidence to “massage” the guidelines comes from understanding the three elements of analysis and being sure about what all three are pointing to.

In this video I talk about the importance of knowing the techinical, fundamental, and price action-based message of the market.

I contrast two pairs here: The AUD/CAD and the AUD/JPY. Both are pairs I have traded but how I decided to manage each was vastly different because of the clarity of one and the lack of clarity of the other when analyzing the pair’s technical readings, fundamental view, and price action.

I’m sure there will be some questions, so please feel free to post them here.

Enjoy the video, it runs just over 13 minutes.

Questions? Comments. Leave ’em here at the blog!

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