AUD/USD Update (week 1-5 Aug)

AUD/USD Hourly

AUD moves not according to my plan, well that's the market, new incoming information coming in, which is the US debt plan. never argue with the market, the market is always right. Wants what the market wants..

Hmm, let see if i bought AUD yesterday, I have 3 option as my exit strategy

1. using the five previous bar, i'd still make a profit
2. using the green line, i'd also still make a profit (best choice)
3. using the red line, i'd have small losses

Bill said it's an executive decision, three of this exit strategy have its pros and cons.

Now i'm following the market down, break fractal (near the alligator, and it's open), Sell at 1,0962, let see how it goes..

UPDATE

AUD/USD Hourly

I'm out, hit my trailing stop at 1.0902, Total profit 60 pips

My other option here is using the green line stop, but right now i'm more comfortable using tighter stop which is the Bullish divergent bar..

UPDATE

AUD/USD Hourly

if i use the green line or red line, i would still be in the market, with a big profit (around 180 pips).. Oh well I didn't have the mentality back then.. Lol..

Hmm... and I notice that AUD have a beautiful smooth move if it's trending. Green or red line might be a better option for AUD, no divergence though. Ok noted!

UPDATE

AUD/USD Hourly

Break down fractal, sell again at 1.0708.. hmm.. a bit risky.. probably it's a wave 5 of 3 or still wave 4 of 3.. let see..

UPDATE

AUD/USD Hourly

Close my previous position at 1.0754 (price close above green line) - 46 pips

re-enter sell when it breaks fractal 1 at 1.0679, just closed at 1.0605 (one tick above bullish divergent bar) + 74 pips

UPDATE

AUD/USD Hourly

Using the green line still work as a charm.. Lol.. Hmm.. I thought there's a divergence back then, but turns out, the AO create a new peak... If we follow every signal, and use the green or red line, i don't know how much pips we could make, it's a jackpot indeed.. Sadly i don't have the mentality to use the green or red line Lol.. Oh well maybe next time..

UPDATE

AUD/USD Hourly

On friday i took fractal x breakout, sell at 1.0427 and close the position at 1,0489 (price close above the red line) - 62 pips.

hmm this trade is a bit risky, looking at the previous down move. i'm trying to see what happen if i took all the down fractal..

This week profit + 26 pips..