January 2, 2013 10:40 am (Manila)
Taking out Limit 2 with +84 pips gain. Looking at the hourly chart, this pair has breached the upper Bollinger Band and is due for a correction. Will re-enter once a favorable setup appears.
Trade Summary:
Limit 1: +60 pips
Limit 2: +84 pips
Total: +144 pips
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January 2, 2013 8:31 am (Manila)
Limit 1 is hit gaining the first half of the trade +60 pips. Stops for second half are moved to break-even.
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January 2, 2013 6:20 am (Manila)
BUY AUD/USD @ 1.0402
Stop - 1.0339
Limit 1 - 1.0432
Limit 2 - 1.0502
Trading this on technicals as indicators show a bounce from last year. Also, it's the first day of the year trading - risk appetite could boost this pair along with the news of details coming out about the fiscal cliff deal in the US.
Proud and Hoping
15 years ago
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