IvanLabrie
Short

AUDUSD: Pair trade with my GBPUSD long

FX:AUDUSD   Australian Dollar/U.S. Dollar
432 12 15
Weekly time at mode downtrend active.
This looked like a nice entry for a short term short.
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IvanLabrie PRO
2 years ago
Since Yellen didn't do squat today, I banked my 20 pips profit and ran.
Closed gbpusd as well. 2% today.
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aceofswords IvanLabrie
2 years ago
I cant argue with a safety first approach, particularly going into the weekend, but AUD/USD still has some way to go further to the downside. i'm sure there will be opportunity to re-enter on pullbacks ;0)
14 Year Trendline on AUD/USD Monthly Chart Soon To Be Tested
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IvanLabrie PRO aceofswords
2 years ago
I think so, I'm thinking of shorting audusd and going long nzdusd.


snapshot


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aceofswords IvanLabrie
2 years ago
Nzd/usd is long overdue a pullback at very least, Asia session should give us some clues. particularly the pre market moves ;0)
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IvanLabrie PRO aceofswords
2 years ago
Yes sir!
I'm ready to trade both in opposite directions, based on audnzd.
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aceofswords IvanLabrie
2 years ago
just be careful of USD strength ;0)
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IvanLabrie PRO aceofswords
2 years ago
It's a pair trade, balanced position size, no stops.
Same as going for audnzd, but can go bigger on position size.
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tcas IvanLabrie
2 years ago
What about to sell audnzd? If sum up 2 trades.
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IvanLabrie PRO tcas
2 years ago
If you sell audnzd, you have to figure out where to place the stop loss to measure risk.
It could be shorted here, but I'd rather not.
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IvanLabrie PRO
2 years ago
trying a short term long entry, making it break even asap.
0.5% risk.
snapshot
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IvanLabrie PRO
2 years ago
Covered, looks like it might retrace here.
+1 Reply
IvanLabrie PRO
a year ago
Stop never hit hah!
Gotta stick to these religiously.
Tests your patience.
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