Discussion in 'Forex Trading' started by rezo_s, Nov 2, 2003.
Hello Everyone, hope you're all doing good.
From now on, I will be holding monthly threads instead of weeklies; I posted about it last week, but still. There will be less comments, less reco's, but I hope its ok with you all.
Last month was a bad month for me and I am sorry to make this change after loosing month, but that will not change a thing. This is market, and losses are losses - just something we all should be ready to take as part of what we do.
I wish we all to have a great trading week, month and times to come!
BTW, I will not make "writing on charts" a standard, it was just easier for me at the moment.
Reversal or not?
What about AUD and/or NZD to the USD ??
What charting app are you using for those captures?
Thanks for the posts consistently, they are informative.
Aussie seems to be a "safe" currency to be held at the momemnt, and seems like there is a silent "agreement" on market to buy&hold it. Technically there are no serious signs for upside move to stop, but once market starts selling - it may get very very ugly. It may be very sharp seloff because market is highly overbought.
So, on the one hand, there may occur seloff anytime, and on the other hand the recent buying and trend up were too strong and too close to present to sell; i.e. its too early to sell and little late to buy now.
As for NZD, sorry - I dont trade it.
MetaStock Pro 8.0 (http://www.equis.com/)
Refco charts are not so good, but still ok:
Separate names with a comma.