S&P/ASX: Bearish Australia! Short

FX:AUS2001W

S&P/ASX index of Australian listed sharesFXCM

Description

⋅ Nov 12, 2014 11:28 PM

I believe the S&P/ASX200 is set for a major setback. Especially if the index closes this week below 5475. Lets see how it goes, i will keep updating.

Best of luck. Join me at twitter.com/thefxchannel
Also at my Facebook page thefxchannel.com
My best regards,
Technician

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Trading Criteria:
1. Trades are taken in two units
2. First unit would be closed at first target
3. Stop loss is then moved to break-even
4. Second unit would be closed at second target
Notes:
5) If 90 percent of first target is reached I move stop loss to breakeven.
6) If 90 percent of first target is reached without triggering entry I cancel the trade.
7) Remember: Losing is a main part of the game

Comments

Technician

⋅ Dec 15, 2014 4:13 PM

First target

manijeh.kazemi.33

⋅ Dec 15, 2014 4:17 PM

thanks

HamedAghajani

⋅ Dec 15, 2014 4:17 PM

Did you re-enter the trade?

Technician

⋅ Dec 15, 2014 11:23 PM

No buddy, i didn't unfortunately...

Technician

⋅ Nov 26, 2014 5:25 AM

Closed my short at 5380

RobTaylorForex

⋅ Nov 18, 2014 3:51 AM

Technician... You are a genius, a humble genius... So many good calls I can't count, I just know when you post something there is probably a 90% chance you'll be right. Thanks for sharing all your ideas, I always look forward to new ones!

Technician

⋅ Nov 18, 2014 4:27 AM

Thans kind of you, I really appreciate those kind words.

Technician

⋅ Nov 18, 2014 3:18 AM

The trade is active

Technician

⋅ Nov 29, 2014 9:42 PM

Are we heading to targets on this one guys?

HamedAghajani

⋅ Nov 29, 2014 10:58 PM

Hi. I believe so. Australia is behaving very differently from European and American Indices. But it looks like it is resuming the bearish trend.