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13 November 2007

AUDUSD 12 Nov

AUDUSD 12 Nov


The week AUDUSD 4 hours chart began with a gap taking the orders (position #1) from Friday.

At end of week there were a Balance Line and AO Zero cross signals.
Next sessions offered few more entry points (#2,3,4) and a straightforward move.

Only entry #4 was questionable because of the DBar and the distance from the alligator.
Anyway I decided to enter and tighten the stops at order #4 break-even.

As expected stop loss was hit and trade was closed.

Very furious beginning of the week.

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