Monday, 28 March 2011

AUDUSD retraces after hitting 1.0300

Good morning everyone! Well I hope some of you at least got in on this trade. Talking for myself I am still short from 1.0300 with several contracts. At +50 pips I took half profit, and have moved my stop loss to break even + whatever pips I need to cover the day to day swap interest. I am looking for 1.0200 to take the rest of my profit and closing out this trade.

My robot is still buying AUDUSD in small quantities and doing very well. Today's trade will be a price action trade for the GBPUSD with today's news.

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