AUD/USD Weekly 25th October 2008

AUD Weekly and Daily

AS per last Week's report:- below October lows (resistance) and expectation price is moving down into November lows.

Next Week:- trading range the Weekly levels, along with the same patterns of shorting the 3-day filters and 5-day 50% levels

AUD 3-day pattern

As mentioned before:- Best Trades will be short trades around the 3-day filter or the 5-day 50% level.

I also mentioned that trending weekly timeframes and frequency of trading drops because of less rotation.

It started with Monday's 'top' and sell @ the 3-day filter, and then for the rest of the week each day continued lower as it followed the Weekly channel lows.

15 trades

10 winners 352 pips
5 losses 59 pips


Not like last week, but that's because of less rotation, and getting out of my trades too early


Monday's Daily report after 11am next week