7th June 2013: AUDCHF Short. 17 Days in and the move goes on.

A quick post on a trade that’s been running for approx 17 days now. I went Short AUDCHF back on the 16th May.  AUDCHF was in a STAM 1 Selling environment and when an entry was offered, I took it.

20130607 audchfdaily short day 17 blog As can often be the case the trade, whilst positive was not going anywhere fast for the first few days. However as the fundamental news out of Aus has changed these last few weeks so has the sentiment and the AUD has been sold off across the board and the trade has just taken off. Unlike normally this trade was set-up with a trailing stop option (something I’m looking to build back into my trading as my schedule becomes less volatile). As of today the stop is at 0.9185 locking in 329 pips  / +4.2R.  I think there’s still a way to go for this trade so we’ll just monitor it and trail the stop in line with my rules.

Trade well.

Paul

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About FXTraderPaul

A professional Trader and Coach, FXTraderPaul blogs about his adventures from the front-lines of FX Trading. A Trader and educator who can walk the walk as opposed to merely talk the talk!

View all posts by FXTraderPaul

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