Thursday’s currency trade
February 8, 2008 – 12:29 amOverall, this is not a good trade. I got a nice short entry of Aussie dollar. The interest rate rise did not help to push aud/usd back to the recent high, and indeed, it fell back to the trading range. I wanted to short, and today , I saw an nice entry. But, I don’t like the fact that it flirts around 0.89 level and U.S unemployment claims and home sales report are coming in 15-minute time, I decide to bail out with around +24 pips profit. This exit method is kinda questionable. I will deal with this later. Time for me to catch some sleep.
Anyway, it is always good to start the year of Rat in profit. Gong Xi Fa Cai 
Here is the……CHART!
Update:
Apparently, I was ‘right’ in the exit decision. Nah, I was lucky, I guess. Anyway, 0.89 level was held. AUD/USD is in sideway mood at the moment. More about aussie later.
Here is the trend score:
From the desk of Tradergav.com
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Tags: FX, Trading Journal
Well
Your exiting before the Report coming out show your Dummy Trade.