Aussie Long & Short Trades

One major lesson I have learnt from using the currency strength meter to manage my trades is that when a trade is entered on the basis of its reading/signal and there is no momentum to the trade, close it within 15 - 30 minutes unless there is room to bring the trade to break even. Why?!! Because we have lost the edge that brought us into the trade in the first place. And this was why I closed the Aussie long almost at break even, and I was right as CPI report was below expectation and traders reacted negatively but I was long gone before then.

I'm off for a snooze and will be back for the London session.

Good trading to all

Shalom, and God bless

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