Simple's Green Room

[simplegreen]

Howdy jav..be patient on trying to short AUD or NU...looks like AUD is being bought into as a carry trade...look at an H4 Heikin Ashi...then drop to an H1...theres a lot of very small H1 HA candles and I've seen this many times when a carry trade is being played.Be patient and wait for at least H1 consolidation...then before pulling the trigger short go back and have a look at H4 HA candle..if in lower half of candle you might expect next HA candle to be red and could get a few pips on the dip...if price action on H4 candle is in upper half of candle then dont short it yet because next HA candle on H4 should be green!Make yourself a rule to NEVER enter a trade unless theres been good consolidation first..in a trend in progress its smarter to join the trend than to try to trade against it..if not willing to join the trend then stay on side til consolidation has occured at least 3 times then consider joining the break in other direction.