Thursday October 12th

Hello Forex traders,


Yesterday was another quiet day. We have seemed to have a lot of those lately. The only trade taken was a Very Small GBP/AUD trade and it was a loser by 11 pips.

So we are still up for the week with a 1-0 on the Normal size trades and 0-1 on the very small trades.

Today is Thursday which tends to be quiet as well.

The 2 pairs that have fared well over the last year + on Thursdays are .....

AUD/USD (This pair has moved nicely already looks like it may setup for a nice trade)
GBP/USD


GBP/AUD continued lower down 400+ pips from my bear divergence entry! It pays to read this blog.

I just went short the NZD/USD based on the daily charts. My fill was .6607 I have roughly a 30-40 pip stop in and am looking for 100-130 pip move over the next week or so.

The stock markets are up big already this morning. If you are into that stuff check out
http://www.NasdaqProfits.com

Have a great trading day

Steve Hoven
alleycatnews@alleycatnews.net

http://www.LazyTrading.com