FOREX TRADERS

[jrbscrazy]

Thanks omar! This is great. I have never traded GBP/AUD...but given that it has a massive daily trading range, I might have to jump in the mix. I would use it in this way. GBP/AUD has an average range of about 400 pips. Given that its an average, I would work of the assumption of 200-300 pips and work with 50-100 pip stops and 100-200 pip TP's. These would be trades at strong supports and/or resistances.