Tuesday, April 14, 2009
Daily Review on EURAUD
This is a pair that i am proud of today cos very few people watch this pair. I dont watch this as well but somehow i was convinced about the strength of AU and weakness of EU and so i decided to watch this pair today. Took a short on break of major support at 1.8311 and rode it down all the way to 1.8201. Just the single trade. I was expecting a bigger drop today and the upsurge after the move down is still a big surprise to me. But made good pips on the single trade. Have not taken any positions. I normally start the day with a specific bias for each pair in my mind and usually make pips with that bias. If price moves in the opposite direction, i generally stay out until i can get my mind changed about the bias.
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