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

Thursday, February 2, 2012

AUD/USD +236

technical aspects of this trade are indicating toping out of this pair. Slow stochastic is showing diversion on daily chart, and weekly chart is about to cross, what are the indicators of change in direction. Pattern of the candles is also indicating exhaustion of the trend, daily & weekly.
US dollar index is showing signs of bottoming out on a daily chart (around 79).
This particular trade is based on technical position of the pair. Yes, we know that tomorrow we have employment data, non-farm, ISM and retail sales for AUD next week, but despite these unknowns, we are going in. Why would we do this. It is simple. We believe that we are going to make $$$. :-)