Wednesday, April 05, 2006

Short the Eur/Aud?

That question mark is not a typo. I have been trading a system using pivot points and moving averages. Today I received a short signal on the Eur/Aud. This intrigues me because the pair has traded very flat. The Eur/Aud is only down about 10 pips from the lowest close over the past 5 days but the consolidation has made my signal trigger. Very interesting. I am a rule follower for the most part so I did take the trade and put 3% into the trade. Keep your fingers crossed on this one.

The current equity in the smaller account is up over 35% as of today. Keep it comin'!

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