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Short AUDUSD Again

Written by Hugh, on July 17th, 2008

I took the same trade again.  The primary reason is the huge wick that was printed on the 1 hr chart that failed to close above the trend line.  At that point, I was pretty sure that price would fall from that point. This time I am only trading one lot so that I can set a wider stop loss to avoid my previous mistake of setting the stop too tight.

(See chart on previous post)




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