Wednesday, June 2, 2010
2 Jun, Aud/Usd - The Great Reversal
Havent live trade for half a month. Its a good come back. Bought after reversal. My profit-target was simply at 20SMA green line, with stop loss below prior candle low. It wasnt an excellent risk:reward ratio though, almost a 1:1, but those were the few signals which prompted my setups.
From the time i started trading the aussie, it hasnt been at such a low price. I didnt trade aussie very long though lol. Therefore, i dont know what it would be like trading longer term.
I seriously do not know how long do i need to break-even my original account. Seem like a thousand mile away.