Yes milage is not a term specificaly related to forex if you want to learn more about the terms and jargon that are, check out the forexpedia on this site (the last tab at the top of this page) I have yet to come across any forex terms that are not covered in the babypips forexpedia.
I’m gutted I didn’t take that EUR/GBP trade afterall.
My technical signals for this week are looking toward USD and GBP longs:
AUD/USD - short
GBP/AUD - long
GBP/CAD - long
GBP/NZD - long
NZD/USD - short
USD/CAD - long
Haven’t entered any trades yet as no definite signals, but Wednesday aside I think from what I’ve read on the other sections of the forum that GBP and USD could be quite strong this week.
Opinions anyone?
I made 50 pips last night long on GBP/USD and a few more shorting NZD/USD I wanted to go short on EUR/USD but as nothing much was happening I opened a 0.1 lot short position last night to see how it pans out but no action so far.
I had thought the CHF would improve against the dollar since the SNB seems to be leaving things alone, but that trade is doing nothing I am debating closing that one out for the tiny loss its sitting on right now.
This is my watch list now for this week:
AUD/USD - short
USD/CAD - long
NZD/USD - short
AUD/JPY - short
No GBP or EUR longs for me :eek: