16 March 2016, Wednesday, 7.50pm Singapore Time
Attached is the 4-hourly chart of AUDNZD with my technicals, longs entry point, stop-loss point and profit-taking point as shown. The series of break-outs after the entry is as shown too. The trade is taken in my previous live analysis when I said that the high profile shorts in China by hedge funds will cause AUDNZD pair to have a temporary short term spike. Previous live analysis as attached here:
http://donovan-ang.blogspot.sg/2016/01/audnzd-technical-analysis-28-january.html
This is all executing right now, and as there is selling pressure in AUDNZD, I am beginning to take my profits on AUDNZD now. The end rewards is many folds the potential low risk as it turns out. This is what I term as an excellent trade, capitalizing on the herd's mistakes. If you belong to the herd, it is why you are always losing.
http://donovan-ang.blogspot.sg/2016/01/audnzd-technical-analysis-28-january.html
This is all executing right now, and as there is selling pressure in AUDNZD, I am beginning to take my profits on AUDNZD now. The end rewards is many folds the potential low risk as it turns out. This is what I term as an excellent trade, capitalizing on the herd's mistakes. If you belong to the herd, it is why you are always losing.
Above are the profits in ($NZ) New Zealand Dollar (NZD).
Below are the profits converted into (SD) Singapore Dollar (SGD).
Below are the profits converted into (SD) Singapore Dollar (SGD).
Profits in this trade:
+ S$ 73,138 SGD
+ S$ 73,138 SGD
Cumulative:
S$ 569,451 + S$ 73,138
= + S$ 642,589 SGD
= + S$ 642,589 SGD
Trading Journal:
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