Thursday, October 14, 2010

AUDUSD—almost there

With the high of .9994 it's almost at parity. As I wrote yesterday, I believe it can get to 1.0060 to 1.0100 and perhaps further. A pullback would make a lovely buying opportunity. I'll post a chart later, once it breaks parity.

© Dianne Fecteau, 2010. No part of this material may be reproduced in any form, or referred to in any other publication, without the express written permission of the author.

My purpose in writing this blog is to show you how one trader, me, makes trading decisions and survives while trading Forex. One of the biggest problems I had when I first started trading was trying to apply the “rules” to actual trades. Another was the psychology—limiting losses and letting profits run. If you study my blog, you’ll see how I deal with both those issues. So my writings are not trade recommendations but rather educational in purpose. You have to decide on your own approach to trading. Remember that trading is risky.

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