Short AUD/USD @ 0.74981
No follow through yesterday above 0.75230. Quite high chances of FOMC rate hike. Gearing up for a short into the rate decision
EDIT -15 Manually closed out early due to poor US retail sales
That threw me too.
I took a small short on the eur/usd, though i didn't play it out too long as i was thinking it could reverse it's losses at any moment having the unemployment come out at 5.0%. It eventually recovered most of its losses.
I would like to ask, if anyone is reading, their opinions on when they think its good to move to break even or when to take profit?
I need to tighten my take profit/BE strategy. Maybe it's possible to set a percentage of the 1st target to set a BE limit? for example, I i can cover 40% of the...
Closed out +26.9 points
Was showing some rejection candles. Will add charts when I get home
** EDIT
Unfortunately my trade eventually hit my target, i have attached the chart.
Long Aud/Usd
trying to go long on the back of better than expect AUD gdp figures. It broke through support and has had a small retrace.
open: 0.7285
stop: 0.7233
target: 0.7360 (Coincides with D1)
closed out or +8.5 points.
It looks for sure going to hit my break even stop so i closed out in a small profit. I was hoping for 1.0820 or so though it didn't quite get there and it looks like it wants to reverse.
Anyway, im happy :)