Update of a chaotic week
October 19, 2007 – 7:45 amI did not put a single day trade this week. I watched the market, and nothing is really interesting so far. And there is a huge change in my day job. Chaos and disappointments. But life still moves on.
While I am figuring out what is my next step, I still continue trading. So far, we see USD is gaining strength throughout the week. But, I am still bullish about Aussie dollar.
I have just established a Long position of Aussie dollar (AUD/USD). Not day trading though. This trade should last for few days if not weeks.
Here is the…..CHART!
From the desk of Tradergav.com
More on this topic
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Why the US Dollar Is the Best Currency to Hold for 2009
(Contrarian Profits, 10/16/08)
Eleven Ways to Profit From the Falling U.S. Dollar
(Money Morning, 10/11/07)
US Dollar Gives Clues About Future Market Direction
(Kirk's Market Thoughts, 1/2/08)
Chart of the day: Aussie Dollar
(Credit Writedowns, 10/9/08)
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Tags: FX, Trading Journal
What’s up Trader Gav? I liked your world clock post, although I’m not really a currency trader, except being long gold on weakness in the US dollar. I’ve got a good IBD small cap long for you, if you’re looking for such: take a look at the chart on ACTU. Lots of positive action on this company.