My views on future trades, past trades, the market and lessons learnt

Tuesday, June 16, 2009

AUD/USD Update

Got my higher entry as anticipated...

I will not look to close my first entry @ 0.8019 for a couple of pips profit, to reduce my risk on this trade. (The Green line @ 0.8000 is the current TP for this trade, I may close a few pips shy of this though depending on PA.

Once I get a good chance to do this, I will leave my 2nd position open, to run down for atleast 150 pips, or taken out @ break even...

UPDATE: Closed my first position SL now @ +1 pips.... Going to bed.. TP is currently @ 0.7500, I will review Price Action around 0.7900 if we get there, to decide on wether to take partial profits... Good Night.

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