24 January 2013

AUD/USD : Messy Charts

  • Short AUD/USD at 1.0553 on basis that it was trading near top of range, and desirable hedge against Risk On book.
  • Trade is working, now at 1.0475. BUT that's it. I am now just waiting for a decent level, perhaps near 1.0400, to take profit and close this. Stop moved lower to ensure I do not end up losing money.
  • Weekly and Daily charts are too messy to try to make more of this. Consider this a bonus, got lucky with very flimsy and weak ex-system entry criteria. 

1 comment:

FX Trader said...

Good trade!