EverythingForex

CLOSED TRADE: AUDUSD: BUY@.72145 Wave Count (+181 pips)

FX:AUDUSD   Australian Dollar/U.S. Dollar
488 0 15
In my previous update on this trade, I had closed 75% of my positions and left 25% open to ride up if prices continued higher. Which it did. But now I have closed this trade as prices reached the .707 retrace of the recent down move for a combined profit of +181 pips.

Again, just to remind and explain about my pip profit counts for those that have questioned me on it...., they are based on MY trading method and accounting. Basically,, whenever I open a trade position, I will open AT LEAST 4 open trades on that one position. Closing 75% means I closed 3 of those open trades and collected the pips from them. Leaving 1 open trade which in this case made +113 pips. First 3 positions collected +68 pips each but I will only count the +68 pips.. So combined, they totaled +181 pips. I do not for example multiply the first +68 pips by 3 because I am ONLY totaling pip counts and not giving MY OWN profits. Obviously, if I did that, the pip count would be MUCH HIGHER! It is not my intention to mislead anyone on profits per trade here. Only to point out the pip potentials for each trade I post here.
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