Long NZD/USD hit stop loss with -20 pips
Long AUD/USD closed at 1.03773 with +66 pips
Waiting for the next opportunities next week.
Just a note:
I added two links (Documents) to the first post.
- A chapter from a book Swing Trading: Terry Bedford is a technical analyst on stocks and uses volume. I trade similar but uses oscillators for confirmation.
- A document on Trading Personality quiz. This helped me find out what type of trader I am.
Regards,
Rick
AUD/USD created another inside bar
I did say, “go with the trend”, however, this one is ready for retracement since it found a new high. Now, if this is still an uptrend, then it will look for a new low, unless it closed below 1.00996. So, my trade plan is wait for a bar close below 1.03552 and initiate Short AUD/USD SL: 75 pips and target 1.0220
AUD/USD gap down and closed too close to planed target. So, did not initiated a trade and I was tempted to trade other pairs but did not do it; because I did not spent enough time for analysis. I just close my laptop and will do my analysis earlier.