"Take Risks: If you win, you will be happy; if you lose, you will be wise. Nothing ventured, nothing gained."

Tuesday, September 27, 2011

Eur/Usd, Aud/Usd - Buy Buy All Buy

Short trades today. Pulled Fibonacci retracement on 1-hour chart. Channelling between 1H & 15M chart. Looking at momentum I went mid-way taking the ride of the flow - screenshot of 15M below. At the middle bearish bar I went in another position at roughly the same price, making it two positions.

Unzooming to 1H chart. Price looked promising to next resistance fibo for my take-profit. Both positions hit take-profit +37 & +32 pips.

Not so smooth this pair. Same set-up. Had a limit order for a better price on support of fibo but also went in mid of fibo, which is a bad practice. Not so strong buying witnessed in Aussie pair.

Unzooming to 1H chart. Didn't wait for take-profit at parity. When US Consumer Confidence data was released, RED, which is worst than forecast, but better than prior month. Price went down to hit my break-even stop-loss.

Bought a REITs for holding, comes with quarterly dividends - Mapletree Industrial Trust. REITs are not as volatile as normal shares so holding long term should not have super-high risk and heart attack for me.


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