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Wednesday, August 18, 2010
Missed Selling The Top By 2 Pips - Canceling And Offering 1 Unit @ 0.9040, Stops For 3 Units @ 0.9085
Just a real quick update after our orders to short 2 more units of AUDUSD at 0.9080 missed by just 2 pips before falling away. I am canceling that order and offered 1 unit of AUDUSD into this wave 2 rally at 0.9040. Stops for all 3 units go above the overnight highs at 0.9085, and I have take profits at 0.8865, 0.8770, and 0.8650. Again, a reminder that I am leaving for Paris tonight, but will be updating this trade until completion. After this trade is completed, I will have one of the new guys on the research desk cover SOTD while I am away.
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