AUD/USD Wednesday 10.31.12 1200pm

Long #41 (DP)

SL -18p (since it had run up a few pips so quickly I had to go in at that time and that is the price I paid and SL was right below the signal candle, thus it being 18 instead of 17).

Tgt 34p (the actual length of the signal candle was 17 thus that is equal to 2x 17).

1202

Realized that I hadn’t checked the RSI before buying and when I checked it it was at 47.05. I realized this trade was no good and got out of it with a quick loss.

Loss -4.3p

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