It's been an extraordinary week, with AUDUSD rallying 5 cents and hammering the shorts. I was frustrated at times due to the lack of trades, but waiting for my criteria kept me out of trouble, and I am pleased with my discipline and patience.
Wednesday, 12 October 2011
Trade Update AUDCAD - Short 1.0240
Well the AUDCAD short at 1.0240 turned out to be a shocker, but thankfully I did not enter as the Quasimodo pattern failed to materialise. I also felt there was risk of an extended short squeeze given that consensus was clearly in favour of selling Aussie rallies.
It's been an extraordinary week, with AUDUSD rallying 5 cents and hammering the shorts. I was frustrated at times due to the lack of trades, but waiting for my criteria kept me out of trouble, and I am pleased with my discipline and patience.
It's been an extraordinary week, with AUDUSD rallying 5 cents and hammering the shorts. I was frustrated at times due to the lack of trades, but waiting for my criteria kept me out of trouble, and I am pleased with my discipline and patience.
