No, not me. I hate arguments, and simply disengage and do my thing anyways. The congress and treasury people. This bail out, everybody is talking about, our esteemed legislative body is making a Turkish bazaar over it. And good, I hope they reject it, instead of assuming another mountain of debt. At any rate, they will do what they may, and I’m just wasting my time even thinking about it. I’d better concentrate on trading.
Trade I posted here in last post worked out as intended, albeit with some jitters. Yesterday I bought GBP-CHF at 1.9980, objective was 2.0120.

I just closed it about half an hour ago for a gain of 140 pips. Trade lasted almost exactly 24 hours. If you recall, previous few weeks I concentrated on GBP-JPY. I will return to it in due time. On Friday I mentioned possibly having ne best friend this week (currency pair to trade). I wanted to focus on AUD crosses, with an expectation of Aussie getting stronger. So far my new friend is not really friendly to me, but I want to try something here. Yes, this is AUD but in different role.

Looking at EUR-AUD seems to me Aussie is going to weaken some more. I placed a buy order at 1.7675 and a target of 1.7800-1.7820. After that, I think, Australian dollar will get stronger.
In the latest update, our politicians are haggling over the price of bankrupt companies…..
Mike K.



