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AUD.USD
One of my systems has triggered a
possible long on the Aud.Usd.
I would prefer to see dual confirmation,
however there is often a decent day trade
available from this signal.
Please note. My intention is not to offer any form of investment or trading advice whatsoever. The system I have detailed above could easily fail miserably at any point. If you choose to follow this system be aware that you do so entirely at your own risk and that I cannot be held responsible for any losses incurred.
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Update.
Nice rise already on this one so far since inception and has
been up as high as .7539 from open 17/3 @ .7422
In these situations IMO its always good to take 100 points
profit on 50% of the position and let the balance ride
with a trailing stop.
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As I have said before, IMO its sensible to take
100 points profit on 50% of the position
and let the balance ride with a trailing stop.
Stop was hit yesterday on the balance (at entry price),
but at least the 100 taken earlier is safely in
the bag.
First day signal has now triggerd short.( Weekly already short).
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Short was stopped for a loss of 78 pips.
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Short remains in place, and AUD could still fall further IMO.
Slight modification to EW count.
(Pink line is trailing stop).
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Continued falling as expected.
Moving stop to 7120 as protection, and will be
following very closely to maximise profits.
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Continued falling as expected, but has reached the
possible area of support.
Moving stop to 7060, and will be
following very closely to maximise profits.
Current pip profit if closed 362.
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Trade closed for a profit of 350 pips / US$3465.50 as I feel there is the possible chance of a minor? reversal at this point.
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Selling yesterday turned out to be the
right way to go as AUD has reversed
overnight. Hard to tell at the moment
if the fall will resume, but I should
have a better idea or future direction
on or by 17th May.
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