Tuesday, August 10, 2010

2010-08-09 AUDUSD Analysis

(This is a live trade shared by Eric Lye in his Forex Trading Blog.  The purpose is to share how we trade and provide the learning points.  Note that there is no absolute right or wrong about a trade, it is all about managing it well)

Following the plan I have laid out in the morning for AUDUSD, shorted when price complete its retracement (since my assumption is price is going down)

AUDUSD 2010-08-09

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