Open trading account 
Currency Pair: EUR/AUD
Side: Short
Amount: 5Mill
Time Frame: 1h
Open Price: 1.435257
Close Price: 1.43236
PnL: +29pips
Open date: 18.08.2014 16:32:20
Close Date: 18.08.2014 13:46:52
Reasons Behind the trade: This trade was based just on technicals alone and more precisely on the momentum pressure. After we established the 1.43420 and had a little bounce that fact that we didn't had any follow through made me consider taking this short. The main trend was also to the downside so in order to have some kind of reversal we should have had a stronger bounce but since that never happened I thought that the main trend will resume.
My strategy with this trade was to play it between some intraday support and resistance level, and the trigger point for my trade was a break of a minor support level from the 1h chart and targeting a break below previous swing low. But since after we broke the low we didn't saw any kind of acceleration I decided to protect myself and I trailed my SL, which in the end was hit for +29pips profit.
Best Regards,
Daytrader21
Side: Short
Amount: 5Mill
Time Frame: 1h
Open Price: 1.435257
Close Price: 1.43236
PnL: +29pips
Open date: 18.08.2014 16:32:20
Close Date: 18.08.2014 13:46:52
Reasons Behind the trade: This trade was based just on technicals alone and more precisely on the momentum pressure. After we established the 1.43420 and had a little bounce that fact that we didn't had any follow through made me consider taking this short. The main trend was also to the downside so in order to have some kind of reversal we should have had a stronger bounce but since that never happened I thought that the main trend will resume.
Figure 1. EUR/AUD 1h Chart
My strategy with this trade was to play it between some intraday support and resistance level, and the trigger point for my trade was a break of a minor support level from the 1h chart and targeting a break below previous swing low. But since after we broke the low we didn't saw any kind of acceleration I decided to protect myself and I trailed my SL, which in the end was hit for +29pips profit.
Best Regards,
Daytrader21
