Tuesday, May 13, 2014

Forex Trade Example (12 May 14)

With most pair being sideways and having erratic movements, I only managed to pull off one trade on the most stable pair, AUD/USD. 
Disclaimer:  This is purely for sharing purpose only, not a trading advice or instruction.


Trade: Buy on uptrend pullback after green bar appeared somewhere near trendline. Took profit close to previous high at 7.6 pips.
Review: Simple and straight forward trade, taking advantage of the early stages of an uptrend and the low of the pullback. Good trade.



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