Overall, this is not a good trade. I got a nice short entry of Aussie dollar. The interest rate rise did not help to push aud/usd back to the recent high, and indeed, it fell back to the trading range. I wanted to short, and today , I saw an nice entry. But, I don’t like the fact that it flirts around 0.89 level and U.S unemployment claims and home sales report are coming in 15-minute time, I decide to bail out with around +24 pips profit. This exit method is kinda questionable. I will deal with this later. Time for me to catch some sleep.

Anyway, it is always good to start the year of Rat in profit. Gong Xi Fa Cai 🙂

Here is the……CHART!

[photopress:audusd07Feb2008.jpg,full,1]

Update:

Apparently, I was ‘right’ in the exit decision. Nah, I was lucky, I guess. Anyway, 0.89 level was held. AUD/USD is in sideway mood at the moment. More about aussie later.

Here is the trend score:

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