Technical analysis on both H1 and H4 indicate a move to the upside. I am therefore buying AU. Putting 58pips on the line (just a fraction of yesterday's profits) to bag 77pips or potentially more than 100pips. Let the party begin.
Kommentera
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SL trailed to break-even. This is now a risk-free trade. Adios!!
@simenandreass you inboxed me about AU's downtrend on D1 and asked if I would be shorting it. I have just looked at charts again and from what I see, the US dollar is currently in confusion, no sense of direction hence still bearish, while the Ausie is clearly bullish. This is why I am a bull on AU for now until the US dollar makes up its mind about where it wants to go.
I have not looked at fundamentals and as a matter of fact, I rarely look at them :)
@Dean_Fleize, Hey buddy, stay off my page and focus on your own trading strategy!!!
simenandreass
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Nice! Tell me, do you take 50% profit at target one and the rest at target2? Thanks man
UnknownUnicorn1118164
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@simenandreass, I always open two positions at entry 1 and set a pending order at entry 2. One of the trades at entry 1 closes automatically at TP1 and the other trade moves SL to breakeven or locks in some 10pips. Entry 2 is for TP2.
I have not looked at fundamentals and as a matter of fact, I rarely look at them :)