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Straw in the mind: AUDUSD
Thu, Jun 12 2008, 17:00 GMT
by Anthony Samaha
ForexSurvivor
Always in the market signalling 40 different currencies with spread less than 35pips, 10 Equities, Crude Oil, & Gold.
A. (12 June US) Latest Impact: Straw in the mind: AUDUSD May 30 Weekly Weekend ForexSurvivor Newsletter
Whether AUDUSD @ par receives the pinch this quarter or not, it remains to be seen. June prima facie alpha-fortnight should be timed well for par target the least as per ForexSurvivor sophisticated formula, where it is only 4 figures ahead with major resistance almost in the middle of the trend.
Just stay bullish no matter what market noises tell you – don’t pay attention to interest rate, economical data, reports, news, or even bearish signals. Bull the trend and add on dip targeting par and above – Patience & spikes should be controlled emotionally to avoid a ‘closing regrettable pre-calculations.’ The market will not let you ride easily a psychological par trend and here it is worth forgetting your entire indicators. Keep AUDUSD chart green and enjoy the ride.
AUDUSD Monthly close above 9640 (coincides with weekly close) will avoid any retracement and instead shoot towards par in days. While a close between 9400 and 9600 will allow a ‘buy dip’ between 3 to 4 figures below the closing day of today.
B. Signal
AUDUSD Open position: Reminder:
Long 9550 (level II or 1.5lots)
Adding 9350 (Level III or 2 lots)
Exit @ 9450
C. Mission Accomplished:
N/A
Position(s) Closed
D. The Potential Flows of Trading Information constitute my (Anthony Samaha) judgment and are not trading recommendations. ****
Published on Thu, Jun 12 2008, 17:01 GMT
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