Thursday, 12 April 2012

Australian Dollar Going Up nicely on the H1 Time Frame

The  AUD/USD trade we took yesterday. It was not a very spectacular looking setup but it did have some potential so took it and it paid off 1:2 risk/reward. here is a picture.

Today there was an EG setup that turned in to a minor .2% rent. Remember the key to making money in trading is keeping your winners far bigger than your losers. (the rents must be less than the takings) 

When is it too late or too early to buy a pullback? 

In order to answer this question first ….  Let’s quickly do some repetition. Let’s quickly do some repetition.  Let’s throw in some trading ...