Forex portfolio: Go long AUDUSD now, add on dips

21. Sept. 2016

Simple trade, like the title says. Stop is 0.75543, entry at market now, add on dips to 0.75923. Risk 0.5% per entry.
The price has broken above the downtrend mode, so the trend is now up, in the intermediate term.

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Good luck!

Ivan Labrie.

22. Sept. 2016

Anmerkung

Add a 0.25% risk position with the same stop, at market.

23. Sept. 2016

Anmerkung

s3.amazonaws.com/tradingview/snapshots/k/KuZhusLz.png

23. Sept. 2016

Trade wurde manuell geschlossen

I'm not liking the retracement of post-FOMC action today, I suspect traders will close positions going into the debat and OPEC news so we can probably reenter next week. We will close all FX positions for now. It's better to avoid risk and take a small loss than continue to be exposed to this move. In the long run, it's highly probable that the trades pan out well, but short term distortions in price can cause larger loss than acceptable before the fundamental move pans out.

23. Sept. 2016

Trade ist aktiv

I'm only buying back the Aussie longs, for FX. It's currently the strongest currency, holding above all resistances. I'll buy more at 0.75918 with the same stop.

23. Sept. 2016

Anmerkung

Potential long term upside for AUDUSD is considerable:

25. Sept. 2016

Anmerkung

Potential short term upside: 0.79166

26. Sept. 2016

Anmerkung

AUDUSD acting strong.

27. Sept. 2016

Anmerkung

Move stops to 0.76513