Wednesday, 30 March 2011

Aussie Building and Retail figures this morning

On the Aussie I am currently flat, still not happy about taking any shorts until the price gets up to 1.0350 and 1.0400 area. With good Aussie economic figures this morning we may well see these numbers.

Nevertheless, I watch and wait. Especially with Non-Farm payroll on Friday. With the big short I had earlier in the week with the Aussie, and the scalps on the pound and euro I am sitting pretty well on about 6% ROI for the week. So I am not in a hurry to rush into any trades and jeopardize the good trades for the week.

Trading the FX market is all about patience and being able to wait for your trade.

More later.

No comments:

Post a Comment