Thursday, 7 April 2011

AUSUSD - H1

Started a trade off a nice 1-2 situation. Alligator mouth was open. I saw that my entry was a fractal or two late but it was still early. a bit late but not too late. It worked well. Later added another smaller position. Picture as below.  the first vertical grey line shows there I should have entered ideally. I think the exit was spot on. I took most of my position off of first entry after I saw divergence on AO. and move my SL under AIMS level which got hit today.

I should have shorted on the M5 chart but was not looking and missed.