Live Room Trade Recap 1-24-2013
+74 Pips

I hope all of you had a great week in the Trading Room. Today was a great day. Nothing like waking up to see your Trade placed the previous night almost near your target. Ok, there is one thing better, actually watching the Trade hit the target.

Live Room Trade on AUD/USD

Today I want to share a fast video with you on our Live Room Trade. Yesterday, in the Trading Room we grabbed +41 pips on a nice EUR/USD scalp, I also started a AUD/USD trade based on several technical levels we discussed in the Live Room. I wanted to place a light size trade with the anticipation that I would watch the CPUI numbers in Asian session to see if I would add to my trade. The AUD/USD CPI numbers came in worse than expected and the AUD/USD was taken over by Bears, I proceeded to add to my trade. I sent a SMS message out to members letting them know about the numbers. We then had a retracement higher when the HSBC numbers from China came in better than expected. So what do all these numbers mean? Well let's keep it simple. The AUD/USD neglected to post session highs based on these China number,s so I was happy to increase my AUD/USD shorts with a stop above my 1.0600 level.   This trade was explained several times today in the trading room to show the amazing correlation disparity.

Everyone have a great night! I need to rest!

Regards

BT