AUD unknown

three monday morning gap trades

  1. winkinatcha
    4,960 Posts.
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    08/02/10
    09:10
    Post #: 6299951
    Three nice gap trades this morning.

    I must confess the bottom one, the USDJPY did surprise me in the rapid gap fill, and I tried three times to get on it (shorting) in the initial run up, with a little bit of fear associated with the other two trades showing INITIAL USDollar strength...
    Shorting the USDJPY was bettng against that strength...

    I finally stuck onto the trade on the first dip and touch of the 21 MA which, though not shown here, coincided with some good divergence on the MACD.





    Ten minutes later the trade came good... IN a BIG way LOL!

    ;)
    AUD Price at posting: 0.0¢ Sentiment: None Disclosure: Not Held
    Likes Created with Sketch. 4  Upvote
    lightbulb Created with Sketch.  Great analysis
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