"Trade Share" is sharing on one of my trades once in awhile.
This trade was opened yesterday, 4th May 2011.
The stamina of the raging bull on the AUD/USD was running out, probably the bull would want to take a breather. Was looking at the daily of the AUD/USD and on the 3rd May 2011, there was a confirmation on price action.
Trade ticket was opened in the morning of 4th May 2011 at 7:08am (Singapore Time), price of 1.08492. Stop Loss was put at 1.0880 and price targeted at 1.0710. Why 1.0710? That is the price around the area of 23.6% Fibo on Daily chart and S3 of 4th May 2011 Pivot level.
Yesterday, the price actions may seemed not in favour during the first half of the day and quite strong data coming in the evening but price action failed to create a higher high. Hence, I stayed on with the plan.
Upon data release last night, it went my way, really went my way and was looking if it could touch my Target Profit at 1.0710 but it didn't, instead it bounces off at around 1.0735 region. Was deciding really hard on whether to close the trade or not but price action doesn't give me any reason to close it early. Let the trade run through the night.
Woke up this morning, it is still going my way. Push my Stop Loss to Protective Stop, just in case price go haywire, at least some money is in the pocket, I also pushed my Target Profit lower to 1.0685, near to today's S1 Pivot Level.
Satisfied with my decision, left my house and life goes on. Around 2+pm (Singapore Time), checked the trade, it was very healthy. Checked again at 5:45pm and BAM!!! My open position was GONE!!! That means, 164.2pips in the bag, Target Profit was hit at 5:38pm (Singapore Time). Woooohooooo!!! :) Worth all the dime, holding it for two days :)
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