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Stopped Out - AUD/USD Long Trade
Well what do you know I was still in this position at 8.30 EST; however, quickly stopped out as the market digested the news and sentiment seemed initially bullish for the USD. This is probably in line with the flight to safety seen in the nearly $8 jump in gold futures.
Anyway, I am pleased I kept my stop tight and locked in 48 pips of profit, which is not impressive from a risk to reward point of view but nonetheless a disciplined approach (Well for me in any case lol)
I won't make so many posts per trade in future now that you can see my trading style from this one. I will post my intended entry, stop levels and profit targets, with a summary of the trade at the end, together with the occasional chart.
That's it for me trading this week, so in the meantime take care and good trading!
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