Monday, May 22, 2006

AUD Long Past Trades

As I said in my previous posts My old account was deleted. This is my new demo account using SBFX. My First trade was on the Australian dollar I went long at 0.7654. Once my trade started to go into profit I moved my stop loss to 0.7680. Below is the chart:
Australian Dollar LongMy Take profit was 0.7690. As you can see from the chart above my stoploss was hit by volatility. I had 3.5 lots invested therefore I made a profit of $910. From this trade I learnt that at certain times tight stop losses will be hit by volatility.

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