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Daily Archives: September 10th, 2014

On September 8th at about 8:30pm Singapore time, I noticed a pattern emerging in my ichimoku and stochastics; the AUDUSD was starting to turn down on the MA on the 15M chart earlier at 5pm and then it also cut down on the MA for the 1H chart at about 8:30pm.

This tells me that a short term confirmed short trade in the AUDUSD was emerging.  So I short the AUDUSD at 0.9330 and carried the trade till this morning and decided to square off the trade at about 11am at 0.9170 for a whopping trading profit of 160bps.

This is a classical good technical trade.