Thursday, June 11, 2009
Australian Dollar Regaining Momentum
Thursday June 11, 2009. As the USD regains its dropping, the Australian Dollar regains momentum. It is quite fun to watch the bullish bars go up. Last week, around the same time, I opened a buy trade on AUDUSD and I anticipated the price to go up. But it didn’t. It still went down. It retraced further but I knew it was a temporary retracement, so I waited one week. Was it a worthwile wait? Damn yeah! Now I’m winning 163 pips on AUDUSD and it is going to reach my monthly capital increment target.
The same is true for Great Britain Pound. Last week, there was turmoil about Prime Minister Brown stepping down, reshuffling cabinet, bla bla bla. But now everything seems steady and GBPUSD is steaming up with bullish bars as well. My GBPUSD trade from 2 weeks ago is winning 600+ pips as of right now.
Technorati Profile