Hello from Jakarta, Indonesia. I will be trading from here for the next couple of weeks. All right, back to business. I was looking at AUDUSD to rebound from 85 level. It did, however, it did not meet my final profit target, and, hell, I made an unusual panic exit today. Not impressed by myself.
Anyway, I thought the chart looks beautiful and it is worth sharing. This trade was off 5-minute chart, as I didn’t find a better stop level in bigger time frame today.
Here is the… CHART!
I have made some mistakes this week, well, stupid mistakes. Anyway, I think one of the essential trading skills is to learn how to pull yourself back after making mistakes, and bad trades. Anyway, enough crying like a kid, I am still trading throughout the week. I thought the $GBPUSD short is worth sharing here.
I entered the short position near 1.5 area since Thursday session, 2 profit targets were achieved. This is not an easy trade, price was swinging around before actually moving in my favor.
Here is the…. CHART.
It was a busy London open. Pullback of EURUSD provided some good shorting opportunities. Price action was slow during Asian hours, and failed to test yesterday’s high. I was a little bit late, short was made at the lower limit of my entry range. It was a quick profitable trade. Two profit targets were achieved, with 1 still trailing. This is just another simple technical trade.
Here is the chart…
I thought I was going to call it a week early, but Cable gave me some bonus before the weekend. I was looking to short $GBPUSD around 1.48 area, however, the sluggish price action around 1.47 and yesterday’s high prompted me to give it a short earlier. 2 profit targets were achieved, and 1 still trailing. I am considering to buy some around 1.46, let’s see.
Here is the CHART!
Have a great weekend!
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.
