Intraday Forex Trading | AUD/USD – Shorting The Big Crash
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When it comes to intraday trading, quite often the big move can comes from a single currency, and if we time our entry right, the risk can be very small while the profit potential remains large.
In this case, most traders using technical analysis will notice the obvious double top breakdown. However, it does not mean we can jump straight in with a short. Since we know that this is a type 4 range (this part is taught during our training program), we will wait patiently for a pullback before entering.
This enables us to keep risk small, making our intraday trading safe, as we will not see huge fluctuations in our P&L unlike gambling/punting, which lacks the consistency of daily recurring profits.
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Spencer is an avid globetrotter who achieved financial freedom in his 20s, while trading & teaching across 70+ countries. As a former professional trader in private equity and proprietary funds, he has over 15 years of market experience, and has been featured on more than 20 occasions in the media.
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