Still AU(n)Decided.....

Good evening ladies and gentlemen

I hope you all had a wonderful day in the markets taking profits and improving your understanding of how the markets move. I am still learning day by day and enjoying every minute. It's always great making a winning trade but it's also great when I have applied something I learnt from a losing trade. Remember standing aside is also a position.

As JMA Richard said earlier today, the weather has been a little undecided with periods of sun tangled with periods of rain, a little like the current behaviour of the AUD. It is still finding comfort around the confluences mentioned on Monday's update one being our friend, Round Number Ronnie.

So lets check out in more detail today's state of play. Price steadily headed downwards through the latter part of yesterday and through the very early stages of today's opening whistle. It then found support (where??) before ending today's play at the comfort of the RN of the last 2 days.

So my question to you my friends is "Were there any SM Day Walker opportunites to enter into at any point during today's play?"

1. Did DJ Derek Divergence or Chrystal Covergence come out to play?

2. Did MACD behave properly at the required time?

3. Did Betty Breather Level offer a handshake of opportunity?

4. Would good management be required for entry and exit?




Spot on with the answer Richard and yes you are right it is a famous story and I think I must be one of the only ones who hadn't read it before. It was emailed to me yesterday. Best email I have read in a long time. Well done to the rest of you who got it. See Richard's wonderful update directly below for the answer.

The answer to your riddle is pretty simple and one I am going to leave for you guys to figure out!! JM John always drills it home and is very appropriate to what we are doing!! Good choice!

My riddle for today is " _____ has more followers than _____!" I dedicate this riddle to our wonderful mentors that have affected our lives in the most blessed of ways! I thank you!

Till tomorrow

Abundance is your Birth Right

Zaheer Anwari