I think AUDUSD is ready to move, I booked a short term long, so my long here is risk free if stopped. We can enter at market, and add on dips, just don't buy your full position in one go. Target on chart, stop at 0.7582. Best of luck,
Ivan Labrie.
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Good chance to add to AUDUSD making a new 52 week high here
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Trail stops, close or hedge here:
It's ok to add to longs with a tight stop too. Price can either keep shooting higher, or consolidate for 13 bars. Daily trend time expired.
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youtube.com/watch?v=UIiOHEDHJTM "So long I've been looking too hard, I've waiting too long Sometimes I don't know what I will find I only know it's a matter of time" me waiting for AUDUSD to friggen break out hahaha explosion pattern of the ages...monthly, monster signal: s3.amazonaws.com/tradingview/snapshots/2/2zrXYNSD.png took bloody forever to trigger...
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***I've been***
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I've just banked it. Target is there, monthly. Monster run. I made an 8.15:1 return already. I will wait and reenter on short term signals each time that is viable (daily). Or if we make a monthly retrace.
Brilliant Ivan! With additional buys and sells along the way, what was the entire profit divided by the maximum actual drawdown experienced from entry?
IvanLabrie
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@timwest, profit vs max actual drawdown: from entry, almost nothing. Along the way it tanked 52 and 113 pips. From the first entry, the drawdown was 0.00046, 2nd entry, drawdown from entry was only 0.00052,
3rd entry drawdown was 0.00195, 4th: 0.00907, 5th: 0.00074,
Profit was 2.18%, I initially risked 0.25%.
Profit in pips was 0.04468.
moontumble
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Haha! Classic, mate. Hopefully this is gonna be a classic trade, too. You see the potential for $0.90 as a result?
IvanLabrie
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@moontumble, I've just banked it. Target is there, monthly. Monster run. I made an 8.15:1 return already.
I will wait and reenter on short term signals each time that is viable (daily). Or if we make a monthly retrace.
oztrader22
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Are you still in this position Ivan?
IvanLabrie
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@oztrader22, yes, this is the best looking FX trade. I only closed my EUR longs now.