Monday, June 15, 2009

June Trade # 18 - BUY AUD/USD

June 15, 2009 5:24 pm (Manila)

Unfortunately trade got stopped-out at -40 pips/lot for a total of -160 pips.

That hammer 'pump-fake' got me.


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June 15, 2009 3:10 pm (Manila)

BUY AUD/USD @ 1.8042
STOP - 0.8002
Limit 1 - 0.8072
Limit 2 - 0.8120

Trading on pure technicals. The pair has been trending down the better part of the day. A hammer formed on the hourly chart, coinciding with the lower bollinger band.

Let's see how this develops.

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