Tuesday, June 1, 2010

Trade Result


First half position on AUD/USD shorted at 8230 hedged at 8310 , closed hedge at 8460 with +150 pips and closed position at 8380 with -150 , total 0 pips

second half position on AUD/USD shorted at 8460 closed at 8380 with + 80 pips
Total profit on AUD/USD trade +80

Half positioned shorted on CAD/JPY at 84.30 , hedged at 85.10 , closed hedge at 86.60 with +150 ,, closed position at 8680 with -250
total -100

such a weak results but better than coming out with bigger lose , my anticipation for ending this trade is that i see a big possibility after this surprised move up in the risk today that we will see another rally to 86 area in the AUD/USD or maybe a bit more before the correction ends , the existance of this possiblitiy and how strong the bounce from the 8285 level and this might pretty much turn to a bullish reversal , all this forced me to protect our position from more loss and come out with minor loss of 20 pips on the hole trade .
there is still a possibility that it drops down but i ll need more evidence from the market to re-enter short , one of them is breaking the todays low or even testing it.
about the last trade ,, i forgot to say to add the second half on the CAD/JPY with the second half of the AUD/USD , if anyone did that i think we would have came out with around 150-200 pips profit on that trade ,, but for honesty and real profit and loss pips counting , i wont count that second half on the CAD/JPY and i used the profits on AUD/USD to cover its loss
stay alerted as i might jump into a trade quite soon

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