As discussed earlier this week, the Australian dollar had reached a
point on the Technical Analysis chart where a short trade would be a high
probability one. This is, just now, coming to pass.
There is never a cast iron guarantee that trades like this will be
successful. The cornerstone of OmiFX’s approach to trading involves the idea of
thinking in probabilities. This means that while any one trade is not
important, they are all chosen so that, in the aggregate, the trader will be
successful over time.
Added to that is the absolute necessity to lock some profit and to
enhance the balance of profitability remaining as it grows. That is why the Stop Loss
order, which is shown on the chart above, will be trailed down with the
dropping price, should the trade continue to grow in profit.
This will happen automatically, under the control of
the OmiFX Silver Trigger algorithmic routine.
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