Saturday 19 January 2013

16/01/2013 EUR/AUD long (loss)


Another trade based on the 3 timeframe strategy (explained here). Here is the entry chart (click to enlarge). Risk was 0.5%, aiming for 3:1 RR.





and here is the exit chart. As it shows, price went down, hit my stop and I made a loss.




I made a loss but would I take the trade again? Yes. 

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