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Thursday, October 23, 2014

Wed Oct 22 - In Before the Rocket Launch

AUDNZD D in overall uptrend - seems to have become a range. Playing long expecting buyers to step in. 4H retraced in 2 hard legs and basing above trap lows for a week. I entered on a 2nd tail bar for the current swing. First tail bar was a bear mid range bar, but I entered 5 bars later on a more bullish tail bar.


4H shows the test of the tail bar took 7hrs until it started to move higher. 3 bars later it closed the day strongly above the DTL. Tgt was to the trap above. 60m exit blasted into trap without flinching. Exit at 109 pips for 3.6R.




USDJPY D had a steep downmove. I planned on catching a retracement to ride down whatever else was left of it. 4H shows I entered on a test of the 107.38 high. 60m entry was taken after 2 attempts up failed.


About 2hrs later there was no attempt to work. I exited when 15m returned to entry and put in a HL with a pin bar. Out at -4 pips or -0.09R



Summary: 1W, 1L for +3.5R




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