6-20-08: AUDNZD Currency: Trade Entry (Ichimoku, Forex)

  • Home
  • /
  • Blog
  • /
  • 6-20-08: AUDNZD Currency: Trade Entry (Ichimoku, Forex)

The AUDNZD Currency pair looks like it may be finished with its pull back.   Therefore, the trade was entered at market with a tight stop.   This is a long term position.   Once price moves above the Tenkan Sen, we will use it as a stop (w/buffer).    With a little up movement, the Chikou may give us momentum for the bullish trend to continue.
audnzd_6_20_08_daily.jpg
For EDUCATIONAL USE.    Commodity Futures Trading Comission, Forex, Futures, Equity and options trading has large potential rewards, but also large potential risk and may not be suitable for everyone. You must be aware of the risks and be willing to accept them in order to invest in these markets. Do not trade with money you can not afford to lose. This is neither a solicitation nor an offer to Buy/Sell. No representation is being made that any account will or is likely to achieve profits or losses similar to those discussed on this document. The past performance of any trading system or methodology is not necessarily indicative of future results. All information provide d on the Blog is for educational purpose