Monday, July 20, 2009

Long the Ozzie/Greenback

Decided to follow along with Bob Iaccino's Trader Outlook and went long 1 Lot the AUD/Greenback. The fact that they recommended this trade means that they also placed the trade in their own firm. (The break over 0.8154 on the 4 hour chart in this pair could also be construed as bullish for Gold.)

Enter= 0.81665
Stop= 0.80850

T1= 0.8235
(If I get there, I will sell 1/2 and move my stop up to b/e.)

T2= 0.8260

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