I'll Throw You A Bone – GBP/AUD

We’ve touched on this pair here a couple of times throughout the past year, as it falls under the category of “face ripper” in my books.

This thing can move “several hundred pips” in a given 24 hour period, and has the tendency to “literally” rip your face off if you don’t keep your eyes peeled.


If a person was “so inclined” to enter a trade right around now…oh I don’t know lets say “long GBP/AUD at 1.79 with a full 100 pips stop ( a single penny stop in forex terms) I glady welcome “the showers of thanks” to follow.

One needs to keep in mind …..you “could” get your face ripped off but…..

I think you’ll be ok….this time.

3 Responses

  1. Joe June 11, 2014 / 7:45 pm

    Kong, EURUSD looks to be in big trouble why are you trying to catch this knife that the ECB is experimenting with???

    • Forex Kong June 11, 2014 / 10:29 pm

      ECB has nothing…..this is not a “knife catch”….

      It’s a no brainer.

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