My Forex trades are generally my most profitable trades and I need to share them more often. I find my Forex method most fascinating because it is a counter trend style of trading unlike my Equity trades. So far my counter trend style is kicking butts over my trend trading... Go figure??? lol... Anyway, here is my setup chart for AUDUSD...
Click on chart to enlarge...
AUDUSD H1 08202013
This is one of my favorite Major support plays that I focus on... The above chart was the hourly, here is the 4 hour chart...
AUDUSD H4 08202013
This chart shows all of my 8 lot buy orders spaced 15 pips apart all with 40 pip stop loss areas and 50 pip take profit areas already placed on my MT4 platform...
AUDUSD H4 0820 updated
Here is my updated chart the following morning showing 4 lots triggered long, one stop out of -40 pips and 1 lot with a take profit of 50 pips...
AUDUSD H4 0820 updated 2
A lunch time update with a 2nd lot taken to 50 pips of profit with 1 lot still in play...
AUDUSD H4 0820 updated 3
Last update for the day with TraderHank tailing out of the play with 13 pip profit on the last lot, note the consolidation broke the wrong way... Overall 73 pips of profit taken on the play 🙂