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Old 12-07-2010, 11:49 PM
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matthew matthew is offline
Join Date: May 2008
Posts: 12,750
Default Selling AUD/DOLLAR* Profit of $131

Buying aud/dollar at .9941 and selling at .9724. Placing this on two separate accounts. I will hedge the position. If I get hit on both positions it will be a stop loss of $206. Average true range is .0136. We will pyramid this position. If we get hit on either position we will then take another position at 2N where N is the average true range. It would be 2 X average true range in either direction. 1.0213 or .9452

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