Beating Alpha

iterating towards truth

Trades

8.10.2013 – intraday opportunity [+4,8R]

 

20131008-eurusd-123acu-notrade

STATS:
Trades: 1
Return: +4.8R (+4,8)
Pays: 123ACU
Pairs traded: AUDUSD
Comment: I have been watching the 9450’s zone for a while and the play finally have come through. There was a great structure before the breakout following every rule a good breakout trade should have. This is the kind of play, where you should load up badly (definitely uncomfortably = 50% of your daily loss limit) and stick to the trade. It is a momentum type of trade because the target here was very clear. A resistance at 9482.

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