Thursday, January 5, 2012

Trade Update – Risk Free and some profit secured

Both trades managed to show a small correction and went back towards our direction.  The pullback was very clear for the AUDUSD trade but wasn’t very obvious in the GBPUSD.  I hope this 2 trades will turn out just like the last one. 

The consolation though is that profit is already secured which is always a good thing.   Lower timeframe momentum signals currently show the possibility of sideways movement within the next day or so, hence the stop movement.

The 2 trades:
screenshot

I hope the possible pullbacks don’t hit out stops.  Happy trading everyone!

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