Tuesday, December 31, 2013

Quick trade on NEw years Eve

31st Dec 2013


H1 Long AUX  198.77. AUX down today below the pivot  18 pips.  Strong positive divergence  and good support at 1978 gave made me take this trade. SL 4 pips below 1978 , 17 pips. TP  below swing high on M1, 20 pips. Trade went the wrong way 12 ppis then came back up. Given that it is new years eve,  that market is bearish and the set up not great, I took  1.3 pips when it came up. If goes up further a short trade would probably be the better option

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