Dislikedone more thing their is no emotions in tradeing if this thing breaks 8860 then im going the other way around its that simpleIgnored
One thing you will learn in trading is to not pick tops or bottoms, I say this regardless of support or resistance. In my experience, monthly highs and lows just get blown through more so than they are respected.
On another note regarding AUD...
The recent AUD/USD rate move pissed me off to the max. Literally .5 seconds before I hit "buy" to place my order on AUD/USD the pair jumped 80 points instantly. I guess thats what happens when you play it safe and don't buy into speculation.
I had 9% on this quick move too (placed the order anyways). Withdrew with a total account gain of .5%. I wanted to hold the long which would prove to pay off another 100 pips but further news being released on AUD I wasn't about to take the risk, especially with 9% on the table.
Looking back, I realized I should of bought into long speculation with the same 9% and just placed a stop of maybe 15 - 20 pips. At 11:30 EST the market is barely moving to begin with.
Oh well this market can be a bitch sometimes. I always got another day.