Monday, January 9, 2012

Trade Update - Protect your Profit.

Market showing signs of high probability movement to the opposite direction.   So what are we going to do?  We protect our profit in case market decides to move to the opposite direction. 

Why not exit?  There is still possibility predictions can be wrong and market would still continue our direction.  momentum indicators only show the rate of change of the market, not if its going to go up or down. 

Click to see more detail
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Current status of these 2 trades
As of writing this post, the AUDUSD trade was stopped out with 133 points of profit Smile.

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I still hope I can squeeze a little more from the gbpusd trade Smile

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