19 August 2009

AUD/USD : Lost Still

  • Thus far, weekly up TL at 0.8099 has held. Low this move 0.8153. Last 0.8274
  • Good trend traders should assume uptrend continuation until proven wrong
  • Gut feel says possible turning point in markets
  • Poor trade sizing here has shaken me out of positions so confidence level low (= me bad trend trader)
  • So - staying out until inspiration returns
  • Only short ED spreads now (= Risk Off play)

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