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InsideMarket
Sep 9, 2015 4:21 PM

Trade #4 AUDCHF - Long for 'C' wave correction. Long

Australian Dollar/Swiss FrancFXCM

Description

ABC in play as consolidation of the big impulse down.

Happy trading!

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Money management of my trades. There are two targets: the first one is at least double of the target two (the farthest). The proportion is 2/1. So, 2 lots for target one and one lot for target two.

Typically, when the target one is reached, the stop-loss of position for target two is put to breakeven.

If target one is hit before opening positions, the trade is cancelled automatically.
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