AUDNZD 15/09/10

Sell Entry: 1.28250

Stop Loss:1.28450

T/Profit:1.26094

Trailing Stop: 30 Pips

Potential Loss: 20Pips

Potential Profit: 215 Pips

Reason for entry: going for double/tripple top

Reason for T/Profit: 

Reason for Stop Loss: 20 pips is how much I am willing to lose. Plus, I am going against the overall trend. AUD is currently going very strong. 

Reason for Trailing stop: 

Result: 
Stopped at: 1.28450
Loss: 20 Pips

Thoughts:

19/09/10 - Should I be going against the current. Am I hoping too much?

I think I put too much emphasis on the technical. Right now, recent news about Australia are influencing the public that AUD is a strong country, and thus there is an increase in the fundamental values of the AUD. So in terms of technical, at the moment, has weakened. Does this mean my trading strategy won't work? It should be.. I will have to observe it more. Interesting...