Winter doesn’t seem to be over yet for Aussie dollar. It takes another week or so to see if a higher low can be formed and resume it’s uptrend. It just failed to close above 200-day moving average, while weekly, it is stuck between the zone 20-week and 50-week average. I am not turning bearish […]

Not a great day for me. Extremely busy working day and my profitable long position of Aussie and short position of loonies are stopped out. Oh well, if only I can monitor the position closer, I would have a better exit. I am flat or maybe slightly down for the week.

Finally we see a breakout of Aussie dollar. I was long since yesterday, but was stopped out. I entered another long position today after the release of the much expected interest rate raise. [photopress:Aussie08aug2007.PNG,full,alignleft] I went short on USD/CAD since yesterday and held overnight. Though both Aussie and looney trades are winning trades, I grade […]

When will I ever correct my bad habit of exiting a trade too early? Fool. I made two trades today. Aussie started to bounce. A nice one, while looney started to tank again. Another nice one. I managed to grab some profit from short position of USD/CAD, +0.65 R, while break even from Aussie dollar. […]

I thought it was going down, but it did not. I thought it was going to bounce, yet it did not. That’s my comment for Aussie dollar. I do not initiate position just yet. I would prefer to watch the price action a little bit longer. Overall, I am positive on Aussie dollar trend, at […]