Open trading account 
Currency Pair: GBP/AUD
Side: Long
Amount: 5Mill
Time Frame: 4h
Open Price: 1.783504
Close Price: 1.784852
PnL: +13 pips Profit
Open date: 13.04.2014 22:35:13
Close Date: 16.04.2014 01:59:41
Reasons Behind the trade: The only reason why I traded this pair was because of the extreme oversold conditions and the fact that I had the change to re-enter a position in the direction of the primary bullish trend. The only thing that went wrong with this trade was the fact that I trailed my stop loss too close to the market action and eventually I got stopped out which is a pity as you can see this trade has not run his course, yet (see Figure 1) Another strong bullish signal is that we have broken out from recent downward channel and momentum has started picking up.
Best Regards,
Daytrader21
Side: Long
Amount: 5Mill
Time Frame: 4h
Open Price: 1.783504
Close Price: 1.784852
PnL: +13 pips Profit
Open date: 13.04.2014 22:35:13
Close Date: 16.04.2014 01:59:41
Reasons Behind the trade: The only reason why I traded this pair was because of the extreme oversold conditions and the fact that I had the change to re-enter a position in the direction of the primary bullish trend. The only thing that went wrong with this trade was the fact that I trailed my stop loss too close to the market action and eventually I got stopped out which is a pity as you can see this trade has not run his course, yet (see Figure 1) Another strong bullish signal is that we have broken out from recent downward channel and momentum has started picking up.
Figure 1. GBP/AUD 4H Chart.
Best Regards,
Daytrader21
