DislikedBack from Down under, all ready to trade again. I noticed the the down swings have been limited, much consolidation as well. .7080 is current strong support. I will personally feel that if prices could not break below this support, the next possible price action will be upwards. My theory is simple, what doesn't goes down, will go up in trading. Cheers!Ignored
My last post for the week. I hope you guys wouldn't mind my amateur chart, because my chart is as simple as it is and i made some small profits after returning from Down Under. What you see is what i use, from the start of this week i had a buy call for all and its a contrarian view which some find me a joke to say that there are some upside to this pair. (See quote or page 4677)
Anyways, allow me to share some of my amateur opinions as well because even though i show my track record to prove that i don't contribute bs to this forum, sometimes i get random attacks here and there. This will in-turn discourage me from contributing more for sure. I mean why help other traders here when i get unsightly remarks every now and then. Doesn't sound logical to a rationale person.
Nonetheless, i get quite a reasonable number of PMs from traders here and i'm glad to have help them improve in one way or another. I made many friends here as well, even though they do not say anything here, it's still much better because if one does not have anything good to say, don't say. Let's agree to disagree.
-Traders are getting bored of China woes, so woes are no longer a concern for the market
-Commodities falling are becoming a norm, AUD does not want a slice of that pie
-Australia is generally a better performing economy as compared to others in the global market
These are my amateur opinions, please do not use them for your trades nor is this trading advice.
TGIF! Have a great weekend to all.
Same Chart, 4 hourly, zoom out and zoom in.
Attached Image(s) (click to enlarge)
dont let the occasional troll put you off FF
