an idea, page-11

Nice Post wink and made for some nice Sunday reading. Thanks again for the mention and appreciate the support. Good to see these threads come alive :).

I am very happy with the trade made earlier in the week even though the EUR/USD closed at 1.3585 (could have been an extra 100 pips or so at the bottom) considering i closed off at 1.3670 (from memory). But as per my trading strategy for that trade i closed it off at the time i said i would and at the revised price i wanted to... the main point to take out of all that was that i stuck to my trading plan.

As i have posted before currenlty looking to short the aud starting at 1.0250 but not sure if will get there. Could have definitly started at 1.02 flat as Chookie stated there was definitly resistance there, but would have only opened one of my trailing positions in any case. See how it goes on Monday as there is some early crucial news for the AUD.


I am actually baffled at the forecasted rate for retail sales for the AUD for the month of January 2011. With QLD basically eliminated from the scenario and other events which have affected parts of VIC you would think January will have a negative retail sales figure AND considering the relatively poor past 6 months for retail sales. If the month leading up to Christmas (december) was in line with forecasts (i.e. Actual 0.3% forecast 0.3%) i do not see how January can acheive better results.

Very interested to see this figure but will not be in the market prior to it... too much risk IMO :)..