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Trading the Financial Markets
#54

Trading the Financial Markets

Quote: (02-10-2012 05:48 AM)Entropy Wrote:  

Quote: (02-09-2012 11:35 PM)Entropy Wrote:  

SGD/JPY long.
B/E point is at 61.86. 1st TP = 62.08. final TP = 62.21
B/E point has been reached and exceeded by SGD/JPY. To a gain of +15 pips. Liquidated 1/2 there...today being friday. We will see how it goes.

the SGD/JPY has reversed itself thoroiughly, knocking my SL of 61.61(written on the chart). This makes this trade +0 pips.

Quote: (02-09-2012 11:29 PM)Entropy Wrote:  

Long AUD/CAD. 1.0683.....Bottomline: i will be very aggressive in B/E the trade. At +1.0697 i will B/E this trade...1st PRICE TARGET IS 1.07169. The final price target is 1.0753, anyways let see what happens.
anyways, chart attached below:
Quote: (02-10-2012 06:00 AM)Entropy Wrote:  

The second entry level has been triggered at 1.0666. chart with annotations attached

Two entries today in the AUD/CAD. 1st one at 1.0683; the 2nd one at 1.0666.

AUD/CAD is currently up by +9 pips from the 1st position and +26 pips from the 2nd position.

I have liquidated the 1st position for +0pips profit. the 2nd position i have moved SL to +2pips in above 1.0666. Today is friday. If the SL of +2pips is not triggered by 4PM est....i will close down all trades anyways. I dont want to hold trade over the weekend. Annotated chart attached below.
(CAD data was bullish...and yet, AUD/CAD inches higher...against CAD....)
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