Check out what happened to AUD/USD yesterday:
What a big day for the Aussie! Check out how AUD/USD reacted to Australia’s employment reports, Draghi’s announcement, and positive data from the U.S.!
Since Australia’s home loans data was the only market mover for AUD/USD, the pair stayed near two inflection levels on the 15-minute chart.
Despite the lack of Australian economic reports, AUD/USD still managed to rally yesterday! See for yourself!
Successful trader’s motto: Let your profits run, cut your losses small.
In week 37 review part 1 on EURUSD, i posted on why it is vital to your trading account to keep losses small. In this post, i am sharing why it is equally vital to your trading account to let profits run.
On Wednesday 12th Sept, i gave another live call to long AUDUSD when it touches the 3rd point to form the rising channel. See link.
Forex Mind Games: LIVE TRADES - LONG AUDUSD
This trade turns out to be a correct trade. It collected more than +100 green pips. See point 3 on the rising channel.
On hindsight, i could have let my profitable long trades on 07th Sept to continue running. But hindsight is 20/20. I cannot trade on hindsight. Successful traders trade with foresight. Now, i have a new mind game to learn. I have to train my mind to let my profits run even further! Trading is a mind game.
Can you guess which inflection point played as a strong support level for AUD/USD last Friday? Check out the chart below!
Even though there were no releases from Australia or the US yesterday, AUD/USD still made some pretty huge moves!
Can you guess what happened to AUD/USD after the release of the RBA minutes yesterday? It’s all in the chart below!
Australia and the U.S. didn’t release reports yesterday, so AUD/USD ranged between two levels yesterday. Can you guess which inflection points served as support and resistance?
