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One Aussie trade

by Gav Leave a Comment

Well, finally, I have a beautiful chart to show off again. I have been trading for the past few weeks, but , there was no good trade to show. If you have been following this blog, you know I was looking for Long opportunity after Aussie hit new 52-week high.

Here is AUDUSD long trade. The trade was established yesterday, and profit target of 0.98 is achieved around today’s London session opening. A +2.4R trade, or 110 pips profit.

Anyway, here is the….CHART!

[photopress:LongAussie15July2008.JPG,full,1]

By Trader Gav

Filed Under: Trading Journal Tagged With: AUDUSD, FX, Trading Journal

Reader Interactions

Comments

  1. hisgavness says

    at 12:05 pm

    Hi Gav,
    Love your site,
    Just wondering if you use macro factors eg commodity prices,interest rates etc as well as techical analysis in your formation of a view?
    to me the macro picture looks mixed and this is showing up as conjestion on the AUD/USD chart..

    and hey do you think the 100 SMA will hold AUD from rolling over?

    bifn,

    hisgavness

    Reply
    • Gav says

      at 1:24 pm

      Hey hisgavness,
      Glad to have you here.
      Well, to answer your question. I do look at some fundamental information such as commodity trend, interest rate etc. However, most of my trading decision come from technical considerations.

      For Aussie, RBA hinted a possible rate cut in the coming months..well, is that a joke? Maybe I am wrong ๐Ÿ™‚

      Have a good trading day.

      Reply
  2. hisgavness says

    at 11:05 pm

    Hi Gav,
    Love your site,
    Just wondering if you use macro factors eg commodity prices,interest rates etc as well as techical analysis in your formation of a view?
    to me the macro picture looks mixed and this is showing up as conjestion on the AUD/USD chart..

    and hey do you think the 100 SMA will hold AUD from rolling over?

    bifn,

    hisgavness

    Reply
    • Gav says

      at 12:24 am

      Hey hisgavness,
      Glad to have you here.
      Well, to answer your question. I do look at some fundamental information such as commodity trend, interest rate etc. However, most of my trading decision come from technical considerations.

      For Aussie, RBA hinted a possible rate cut in the coming months..well, is that a joke? Maybe I am wrong ๐Ÿ™‚

      Have a good trading day.

      Reply

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My Name is Gav.
I am a Father, Husband, Trader, And Blogger. A serious coffee addict. I started training since 2005, mainly on FX and Futures.

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