Took Profits in the AUDUSD Trade

You will see in today’s video that I took profits in the Australian Dollar / US Dollar long trade at the first profit objective of 1.0532. Since I went long at 1.0470 this first profit objective equated to 62 pips ($620 per standard contract). As soon as the first profit objective was hit my stopped was immediately moved up to breakeven at a price of 1.0470. I was just stopped out a few hours ago on the remaining part of this trade…overall it was a good trade – I urge you to watch the video to see how it was done. The two other potential trades that I mentioned yesterday on the Euro Dollar and Swiss Franc never materialized, so right now I am completely flat the market. Have a great day and I hope this video helps you in your trading.

 

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About the Author Brian Keith

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