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DAY 7 - EURAUD TRADE UPDATE

Today, we have seen volatile moves on GBP Pairs. These types of moves are always on the cards when major developments are expected to occur for a Country's economy. Under current circumstances GBP remain one of the most riskiest currency to trade, as such I would not be trading it for the next few months.
On the other hand, my first trade of the contest month closed today with 150 pips in profit. EURAUD buy trade was entered at important support level at 1.4593 with take profit target the opposi…
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k_morocco avatar

nice trade , good luck with the contest

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DAY 9 - A WINNING START - EURAUD TRADE ANALYSIS

"[b]You have to know your setups and their probabilities. Then, once you see them you
must act with conviction and without hesitation"

[/b]
First trade of September contest month, a buy limit order on EURAUD triggered couple of days ago and closed today with +193 pips and around 50K in profit.
The trade was taken based on historical level where we have seen massive buying in past, plus recent price action formed a Weekly demand zone. Stop loss was placed below the previous lows at 1.4420 with take pro…
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DAY 2 - EURAUD & EURCAD TRADE UPDATE

Couple of trades triggered today. Average risk per trade is around 5K.
First trade was sell limit order on EURAUD at H1 Supply Zone + SR Level. There was some bearish reaction at this zone, however the supply zone got consumed and price went higher and hit my stop loss, so -60 pips on this trade. Final trade result -5K (-1R)
Second trade was also sell limit order on EURCAD at H4 Supply Zone + SR Level. There was impulsive selling from this zone and price is currently around +100 pips in profit. …
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DAY 22 - GBPAUD & EURAUD TRADES UPDATE

"Keep your ego & emotions aside and then analyze charts and you will see it from different perspective. It doesn't matter whether you missed a trade or you win or lose. Observe price action, make your notes and prepare yourself for the next opportunity. Study every day with the aim of being better today than you were yesterday."

Couple of trades triggered this week and both closed in good profit. It's been an eventful couple of weeks for me and current equity is around 281K
Both GBPAUD & EURAUD…
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DAY 4 - EURAUD & GBPAUD LOSING TRADE

Today, I was on the wrong side of the trade big time and lost almost 80% of my equity in few hours. I was caught completely off guard by the surprise rate cut by ECB. Was not expecting anything like this, instead was anticipating some kind of Asset Backed Securities covered Bond Buying announcement and a small bearish reaction, but this rate cut act completely ruined my analysis.
The trade was based on technical analysis as EURAUD was at a monthly support level and was anticipating some bounce f…
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