Intraday Forex Trading | AUD/USD – FOMC Live Trading
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A nice breakout on the AUD/USD after the FOMC, combined with a bearish H&S on the H1 charts point to a large move down.
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back up above 0.9 – how’s your breakeven goin?
@ike before trailing the SL to BE, it is our practice to take half profits first. I got stopped out on my BE, and I shorted again later on the pullback.
Although the price was slightly worse, this is prudent risk management to keep losses small. Sometimes a good trade will run for days, sometimes it comes right back and trigger your SL. They key is always to manage the risk.