1.) AUDUSD
Price broke out of yesterday's low on better-than-expected Australian GDP data, so I decided to go long. I didn't ride the move all the way up and caught like 10% of the move because price consolidated for a bit before shooting up again. I thought the upmove was going to fade out. Still go $9 off this trade.
2.) GBPUSD
The first GBPUSD trade was similar to AUDUSD. I just put a straddle prior the manufacturing PMI (came out worse-than-expected) to ride where price will go. My sell stop got triggered and I was able to scalp 3 pips off this thing for $3.
The second trade isn't exactly a day trade because I plan to hold it overnight. I decided to go short because the 61.8% Fib seems to be holding and I don't see any reason for price to rally further. I see this move up as a relief rally, especially since the overall move is still downwards.
3.) EURUSD
Two failed trades on this pair today. I might've forced it but I thought at that time they were good trades. Check the chart for my rationale for taking both trades.
On Thursday September 2nd, 2010 at 06:06AM by buruguduy Like - 0 People
On Thursday September 2nd, 2010 at 10:23AM by brigitte_krjr Like - 0 People
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