Here is how AUDUSD trade was developing this week:
Point | Description |
1 | Retrace (last 4 red bars) ends and price hesitates around alligator. |
2 | Up fractal is taken and move stops for 2 sessions. Still not clear where are we going. |
3 | AO signal taken. Move is up. Alligator opens. I've ignored Zone signals because of the steep move. |
4 | 1st DBar appears. Stop loss moved below the low. Sell Stop order placed. Two bard later stop loss taken. DBar fired. A new DBar formed |
5 | 2nd DBar is taken. Trade is against the trend. Strong down support in Momentum and Acceleration. |
6 | This is why I've added a Zone sell order - taken later. |
7 | Session failed to break down alligator's line so stop was tighten and later taken. |
8 | Down move stil valid so BL sell stop placed and moved below each bar's low. Taken. |
9 | Zone sell order |
10 | Zone sell order |
11 | End of week. Closing all the trades. |
Total 572 pips
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