FX:GBPAUD   British Pound / Australian Dollar
121 1 1
New trade at open of market this morning.
This trade has high probability, it is in a clearly defined channel that is now well established. It also has great potential, the pair has been in constent down trend since october 2011, the first fib retractement of this down trend comes at 1.73466. That is 1500 pips away! I have placed 50% of my maximum allowable trade(meaning 100 pips = 5% of available funds)
A nice first day +32 pips, no need to stop despite amazing volatility yesterday, really glad I had my stop deep enough to avoid a huge move when data arrived
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