Tag Archives: Analysis

EUR/AUD CT Break Trade – Closed at +70

01. Oct, 2009 0 Comments

Price has moved below my entry line.  I’m taking a sell position at 1.6840, with my stop above the most recent high.

Closed half of this position at 1.6790 and moved stop to breakeven.

Closed the rest of this position at 1.6750 because it seems to be consolidating and may make a retracement up.  I considered leaving second half longer as I do think eventually it will continue going down, but think I’d rather take the profit for now and look for re-entry.

EUR/AUD SELL TRADE
Status: Closed
Entry: 1.6840
Stop: 1.6840 (moved to breakeven)
Target 1: 1.6790 (filled)
Final Exit: 1.6750 (filled)
Result: +70 pips total gain

I’m also in another CAD/JPY short, if I get a chance I will put up a post with the setup.

Live Trade
, , , ,

AUD/USD Continued Uptrend (see James Chen)

29. Sep, 2009 0 Comments

I was going to write a post about the continued uptrend of the AUD/USD, but was beaten to it by James Chen.  He’s put a fantastic post on his blog about the pair, and it was his Chart of the Day on FXStreet.

Check it out: http://blogs.fxstreet.com/fxpath/2009/09/29/audusd-consolidating-within-uptrend/

cotd-2009-09-29

Analysis
, , , ,