I'll be scouring the charts for "actionable masterpieces". These will be signficant chart patterns or set-ups that I feel are not only tradeable, but also have a high probability of making big profits with little risk. Whenever I spot an "actionable masterpiece", I will post an annotated chart (my chart art) along with an explanation. My goal is to help you learn how to spot these low ocurring but highly profitable "actionable masterpieces" yourself.
Trade Update: Sell AUD/USD
The dollar rallied across the board after a bunch of strong US economic data was released this morning. All eyes are now focused on the NFP report tomorrow. This pair is still dropping during the Asian session which suggest that traders believe the NFP might not suck as bad as forecasted.
I'm not taking any chances. I'm going to lock in more pips just in case NFP does suck hard and the dollar sells off again. I'm closing out my first trade at market price which for me is 8188. For my second trade, I'm moving my stop to 8250. This locks in 80 pips.
The two trades guarantees us 192 pip$. Cha ching!
