Tuesday, January 6, 2015

5 Jan 2015: Daytrade #1

I took this trade on the AUDUSD yesterday morning. 1D and 1H trends were down. Price had bounced off 0.81000 and formed the high for the first 4H, so I felt this would be the start of a downtrend for the day. I went short on the break of the swing low, with a fairly loose stop loss (9.2 pips).

I got out at the next support zone. Reward was 18.4 pips, or 2R.

(click to enlarge)

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