FOREX DAWN| EUR/AUD Long Trade

Hi all, no trading at the beginning of the week as nothing was setting up the way I like so I’ve stayed out of the market. Today I had a trade where all the boxes got ticked. A very nice overnight Asian session consolidation period with the strength indicator showing a rising Euro and the Aussie crashing out. Shorting the Aussie was the trade today, the rest was deciding with what, I found the Euro the best set up for me, but you would have made money on the Pound or Yen. A very good trade getting in on the London session push and staying with it for another buying wave in the NY session.

I’m now out of this one for over 300pips. Looking at other pairs today it would have been another day without trading.

Visit http://forexdawn2010.blogspot.com for more!

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