- Long at average rate 1.0154 at end of Feb on basis of weekly and daily triangle breakout.
- Just scratched trade. Sitting right on original triangle edge on daily chart after having whipped around a few times.
- I do not normally lose patience with a trade in this manner. As a rule, I accept higher incidences of Type 2 errors (bad trade exited late) to benefit from less type 1 errors (good trades exited early). However, in this case, I am squaring up to remove any baggage for a short AUD/JPY trade that I am stalking (see next post).
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