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Tuesday’s trading

by Gav Leave a Comment

I made two trades today. Long EUR/JPY which was later stopped out with -1R.  It was pretty choppy throughout the Asian session. Second trade was made during U.K session, Long GBP/USD.  It was a very slow and choppy trade. I left my stop loss order on and went to bed. I closed the position with +0.38 R around lunch hour of U.S session (2 am in Melbourne, Australia).

End the day with -0.62 R.

We have Aussie Interest rate statement released today. Most likely they are going to hold on with 6.5% at the moment.  General Election is coming soon, I am wondering what would the current government do with the economic rates and figures now. Interesting. :-p

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

Reader Interactions

Comments

  1. Adventures In Money Making says

    at 11:59 pm

    i closed out my long AUD/USD position today. (actually i’d
    bought FXA, which is an ETF that pays a 5.5% dividend)

    waiting for the AUD to drop on the rate freeze announcement before I jump back in.

    Reply
    • Gav says

      at 12:06 am

      FXA, interesting idea. I would have a look.
      I am still bullish about Aussie. Yeah, but it is all about timing now, to get a good entry point.

      Reply
  2. Adventures In Money Making says

    at 9:59 am

    i closed out my long AUD/USD position today. (actually i’d
    bought FXA, which is an ETF that pays a 5.5% dividend)

    waiting for the AUD to drop on the rate freeze announcement before I jump back in.

    Reply
    • Gav says

      at 10:06 am

      FXA, interesting idea. I would have a look.
      I am still bullish about Aussie. Yeah, but it is all about timing now, to get a good entry point.

      Reply
  3. Adventures In Money Making says

    at 12:00 am

    i was long AUD/JPY but closed out 2 weeks ago. should’ve gone short, dammit!

    Reply
  4. Adventures In Money Making says

    at 10:00 am

    i was long AUD/JPY but closed out 2 weeks ago. should’ve gone short, dammit!

    Reply
  5. Adventures In Money Making says

    at 12:43 am

    i’m expecting a pullback to the 83-86 cent range.

    at that point i’ll probably move 40% of my savings into FXA.
    Long term i feel there’s a good chance that AUD will achieve parity with USD – in 1980, it wil 1.20 so parity isn’t too farfetched of an idea.

    Reply
  6. Adventures In Money Making says

    at 10:43 am

    i’m expecting a pullback to the 83-86 cent range.

    at that point i’ll probably move 40% of my savings into FXA.
    Long term i feel there’s a good chance that AUD will achieve parity with USD – in 1980, it wil 1.20 so parity isn’t too farfetched of an idea.

    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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