AUDNZD – short at 12499

I shorted AUDNZD yesterday after seeing the stochastic cross at 12499. I have always been wary of not allowing my trades to run to completion so I left it running for as long as I could. The market did bottom out to 12435 (god knows why my trailing stop didn’t activate which is rather annoying) and now it have moved back. The stochastics have cross the other way and the trend indicator has turned blue… I have close my trade for a measly +15.

When it bottomed, I was sitting on 65 odd points… anyway, I don’t know where the market is going right now but my indicators aren’t going the way I want them to be hence my close out.


Did you like this? Share it:

Tags: , , , , , , , , , , , , , ,

Category: Forex trading, Make Me Some Money Ideas, Spreadbetting, Trading