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2/10/2009 AUDCAD Trade

Written by Hugh, on February 11th, 2009

This was a nice MACD divergence trade or what I am starting to call my version of the Triple Screen.

Short 2 (150) AUDCAD @ 8274 and 8273
Stop @ 8366 (-92)
Target @ 8170 (+104)

Click above for larger image

Click above for larger image

Confidence level was 9/10 that price would at least hit the first target.  When the first lot hit the target, I moved my stop to 8264 (+10 pips).  When price moved down again, I moved the stop to 8235 (+39 pips), above the last resistance point.

Total P/L on the trade was +142 pips.  Pretty good trade.




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Category: My Trading   Tags: ,

This post was written by . His goal is to become a professional trader.

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