AUDear, no kangaroo bounce today

Good evening ladies and gentlemen

I hope you all had a wonderful day in the markets and managed to take what's yours, of course the Smart Money way!! If not, persistance and eduction is key and your time will come.

So to our girl the AUD. She seems to be finding a lot of comfort around the round number. MACD is making lower highs and Stochastics is looking intersting. The signal lines seemed to have crossed and are pointing downwards.

Looking back over today's play, there were Day Walker opportunities to enter.

Below is the 5 minute chart. The familar faces of DJ Derek Divergence, Drummer DT and Crazy Legs Candlestick were out and were in the mood to play and if you were you would have been nicely rewarded.



Below is the 15 minute chart. As SM, if you had missed this opportunity you would have rubbed yourself down and waited for the next SM opportunity to arise without emotion. There will always be another opportunity. Your patience would have been rewarded. As SM we know that after every big move there is a period of consolidation before a continuation. Where is this breather level and where would you have entered. Shrewd management would have of course been needed!!!

Good answer Richard and is very appropraite to trading. To be successful at trading you have to follow someone who already is! "Example has more followers than Reason!" We know who our example is apart from his choice of football team!

The answer to your riddle is "Failing is not the worst of failures. Not to have tried is the true failure"???

My riddle for today comes froma book which I have only just started reading and one which I am sure most of you have read. It is also a great philosophy of life! "A lot of getting over ____ is just doing what you are ____ ___"!!

Till Tomorrow

Abundance is your Birth Right

Zaheer Anwari