Tuesday, October 18, 2011

Trade Idea: AUD/USD

Yosh!

I've been observing AUD/USD for quite some time. Here's one trade idea:




Ideas: 
1. The price is moving within range right now, so set buy stop at 1.0370 and sell stop at 1.0100 with 10-50 pips TP.

2. If the buy position enter the market and hit the TP, then sell with 10-200 pips TP. If the sell position enter the market and hit the TP, then buy with 10-200 pips TP.

No SL, just trade with small lots to allow the position(s) to float longer. 

That's all for the time being, thank you for visiting :)

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