Monday, May 22, 2006

Lack of Discipline on AUDUSD Short

My Second Trade was a 3.5 lot short on the AUD/USD. I sold at 0.7728 set my stoploss at 0.7755 and my take profit at 0.7715. During this trade I decided to take a small profit early instead of risking the trade turning around on me. The chart is shown below:
AUD/USD Short
As you can see from the chart above if I had the discipline to see this trade out it would have hit my take profit. This trade ended in a profit of USD$140. My running total of profit USD$1050.

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