I like the way bears got rejected around 0.8210 area, which formed a nice short term support. I went Long $AUDUSD. 2 Profit targets were achieved, and I thought it would be wise to take some money off the table in front of 83 cents. Last portion of position is still trailing the market.
Here is the 15-minute CHART.
I shorted Euro and Aussie dollar again today. Both worked out nicely. Here is the $AUDUSD short trade. I liked the rejection of 82 cents, and the struggle of the price action around yesterday’s high. It was a pretty obvious short to me. 2 profit targets were taken, and last portion is trailing.
Here is the CHART.
I opened few short positions during since early London session, and they came to fruition during early U.S session. I decided to share $NZDUSD trade, which was a fast, and aggressively sold off. I have waited for few hours for Kiwi dollar to pull back , and I decided to pull the trigger when it struggled around Friday’s low. 2 profit targets were achieved, with last portion of the position is still trailing.
Here is the CHART. I thought it was another simple trade. (mind you, I said SIMPLE, but not EASY…. 🙂 )
Here is the trade I would like to share today. After observing USDCHF hanging around yesterday’s low throughout Asian session, and ‘seemingly’ forming short term bottom. I thought it was worth trying out a long trade. I went long $USDCHF. 2 profit targets was achieved and trailing stop was, unfortunately, triggered.
Here is the chart.
I thought I would choose a good trade a day (if there’s any) to post here. Maybe some of my 12 readers might find it to be useful. I shorted GBPUSD during early European session when cable failed to exceed yesterday’s high. My entry was not ideal, it was a little bit late. The trade worked out nicely with 2 profit taking orders triggered, and last portion of position is still trailing.
Here is the Chart. I thought it is pretty simple.
Here is another video clip of Linda Raschke. This time, she talks about Why & How to use and determine stops. Since today 31st May is observed as bank holiday in both London and U.S. I’d rather spend some time watching the video instead of the thin volume market.
Here we go, enjoy.
