Target is way down to 1.6450
Filed under: EUR/AUD
March 4, 2008 • 4:35 am 0
Trade Setup: 66
This is a risky trade but the divergence is clear on daily chart.
My First target would be 1.6130 there I’ll re-assess the trade. If everything goes well we are seeing 1.56 level by end of March.
Update 1: Just came back from class, We are down 100 pips already and i’m taking out 50% of the position. and Locking the trade in profit. Now I want to forget about Setup: 66 for few days.
Up 4% ROI this week so far :-)
Filed under: EUR/AUD
December 21, 2007 • 10:08 am 0
EUR/AUD forming a nice trade setup
Even though I’m not going to take this one but E/A got the legs to travel another 100 pips or so. On Daily it has already broken the channel and has plenty of room on H4 channel to move south. More importantly the Standard Deviation is on the rocks. I treat my demo account as importantly as my live, so I’m in a demo trade to see if this strategy would pay off or not. Already +70 odd (entered at the median)
Much safer trade compared to other pairs today.
Filed under: EUR/AUD
