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Price Action trade

$AUDUSD 05 August 2011

by Gav 1 Comment

Went long of $AUDUSD this morning (Australian time).  Trying to bank some panic money from the market. I saw AUDUSD stalled around mid 1.04 area, and it shows a pretty clear technical setup to me.  As I tweeted earlier on, I had banked half of the position,and leaving the remaining to run.

That’s pretty much for the Black Friday + NFP Friday for me.

Here is the… CHART!

$AUDUSD

Filed Under: Price Action trade, Trading Journal Tagged With: AUDUSD, FX, SD-PA, Trading Journal

$EURUSD 29 Jul 2011

by Gav Leave a Comment

Here is the short term position I am holding.  $EURUSD broke the recent uptrend line, and now previous support turns into resistance. 1st profit target is achieved, position is now risk free, let’s see where the market is going to bring us.

$EURUSD 29 Jul 2011

Filed Under: Price Action trade Tagged With: EURUSD, FX, SD-PA, Trading Journal

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