5 May, Tuesday

07:30 (Riga time), Australia

RBA's Interest Rate Decision, RBA's Rate Statement

FORECAST: POSSIBLE RATE CUT FROM 2.25% TO 2%.

Blueprint for Action. Two minutes prior we place pending orders BUY/STOP and Sell/STOP:
the AUD/USD pair, with a differential of 30 pips, the S/L should be placed on the opposite order, the T/P – from 50 pips and over.
When trading with distant goals, after reaching the minimum profit, we move the S/L to the opening prices and wait. If the movement stops and there is no potential for further movement, then we close the trade as it is.

03.02.15: 155 pips on AUD/USD, $2325. 07.04.15: 110 pips on AUD/USD, $1650.

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