Monday 21 November 2011

Tuesday morning trade action

8.35am..Tuesday.
Sighted a toppish formation of EUR/AUD a moment ago, in a 4 Hr chart. And since I will be out of action in the first half of the morning, decided to put in the trade and leave it alone .

Shorted EA 2K lot at 1.3682, SL at 1.3781. Total expected loss = $26. R/R for first lot is 1:1.


Currently only one (above) outstanding order, with cash balance of  287$/. Undertand that I am trading against the trend. I hope it's not foolish,but the 4 Hr shows a trend reversal. I hope it is correct.

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