liveforexdaytrading
LiveForexDayTrading Representative
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Hello everyone,
Recap March 5th 2012: +17 pips
Video Recap of the session:
I was looking for risk-off play with China cutting its growth forecast. I was already short the Eurostoxx 50 over the weekend and closed the trade in the room for +20 points. That was no official trade but I put the entry and exit in the chat. As for official trades I was looking for shorts in AUD. I went short twice in AUD/USD. I took the first trade off the table for -5 pips when I saw no momentum to the downside. Some worse than expected European data this morning caused more risk-off and I went short a second time. This time we banked +16 pips. I went also short the EUR/USD twice. The pair was acting very choppy this morning which is not unusual on a Monday. Both entries came around 1.3180 with a stop tightly above 1.3200. I closed the first trade for -10 pips when I did not see the momentum to the downside I was looking for. The second trade worked out better and we also took +16 pips profit on that trade.
Regards,
Marco
Recap March 5th 2012: +17 pips
Video Recap of the session:
I was looking for risk-off play with China cutting its growth forecast. I was already short the Eurostoxx 50 over the weekend and closed the trade in the room for +20 points. That was no official trade but I put the entry and exit in the chat. As for official trades I was looking for shorts in AUD. I went short twice in AUD/USD. I took the first trade off the table for -5 pips when I saw no momentum to the downside. Some worse than expected European data this morning caused more risk-off and I went short a second time. This time we banked +16 pips. I went also short the EUR/USD twice. The pair was acting very choppy this morning which is not unusual on a Monday. Both entries came around 1.3180 with a stop tightly above 1.3200. I closed the first trade for -10 pips when I did not see the momentum to the downside I was looking for. The second trade worked out better and we also took +16 pips profit on that trade.
Regards,
Marco
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