august week 2, page-74

Market was all over the shop today,

BHP has had ripper run up, but i didnt take either as went to far outside of risk. The odd banks were good. MQG as mentioned yesterday tends to try running to round number areas but i didnt go her as it wasnt much reward.

Market was down into today and down again on the dow i guess short covering rally was to be expected but i must admit caught me a little off and the trade diary is empty today so forex is the go. (spent couple hours talkin to buddy in hawaii instead)

Anyway here is what im thinking for Aussie dollar trade... maybe this will lead our market next week if it plays out... Lower tops on the weaker stocks take them short... think it was totterdell or 10c who put up a correlation last week and the dollar was leading??? mmm something to think about.

Anyway enjoy the video and maybe a potential trade :)

AUD Trade plan 13th August