Thursday, March 8, 2012

08/03/2012 Short EUR/AUD [Close]

Trade: Short EUR/AUD  
Open Price:1.2405 + 10 spread
Stop Loss: 1.2510
Reason(s): Daily pinbar, daily and weekly trend seems to be down. The 1.2450 - 1.2500 area seems to be hard to breakthrough so it might go down again.
Caution: I do not like the thin pinbar. If the body is bigger, it will be better. 
Risking: 1% of account balance

Stop loss hit. I guess this is not a good trade choosing a pin bar with a very thin body. Going to note this down.

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