2010 profit + 1179, 2011 + 971

2010 January +236, February +22, March +190, April +198, May +607, June +63, July 0, August -50, September +62, October -240, November +114, December 0,


2011 January +388, February - 80, March 0, April -114, May 0, June -15, July +433, August 0, September +260, October +253, December -154


2012 January +365, February 0, March +236, April +203, May 0, June 0, July





TRADING FOREX MARKET

The fact is that pattern exist is evidence of price manipulation, which in turn creates predictability that produces profitability for those who can see the patterns.

Greggory L. Morris

Friday, June 18, 2010

AUD/USD -60



there is a lot of talk how "risk on" is coming back on the market, but it is not very convincing so far this week. AUD/USD rallied in the beginning of the week but after the initial rally on Sunday/Monday it gained only 35 pips since. This being a Friday, and taking how market participants don't like to stay open on days of uncertainty I would say that we might encounter some profit taking on this pair, and the reasons for this are; USDX already had a decent pullback from it's highs recently so some of the market players are gonna play it safe over the weekend, indicators are showing divergence on price level, and the final is; what is the reason that market would rally on? Euro market showed that after opening gains it is not willing to take it any further just now, and Asian session did just that, closing it close to flat. Final reminder is that VIX is still at 25 ( it is going down, but it is not making giant steps). This morning there is no US data. Stops should be above 0.8750 and targets at 0.8620

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