Pivot High

TraderHank’s short play in AUDUSD

On last nights edition of Fast Money they were recommending a short of AUDUSD at the 1.0500 area.  This caused me a little concern because I was already short with 1 of possible 8 lots at the 1.048 area.  Usually if CNBC mentions a trade, they seem to go in the opposite direction but I’m happy to say that AUDUSD rolled over nicely to my take profit area 🙂

 

AUDUSD 05122012

AUDUSD 05122012


AUDUSD 2