2012.07.09 DAILY RAT REPORT

2012.07.09 DAILY RAT REPORT

AUDUSD triggered a RED RAD REVERSAL at/near the weekly open.

The previous week's low, was a potential target or area to move the stop once penetrated.

PLEASE DO NOT PM ME WITH QUESTIONS ABOUT TRADING, INDICATORS, CODING, ETC... Post your questions in the forum. Thank you.

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Permalink Reply by Peter jcp on July 9, 2012 at 6:50pm

Hi FX Rumpole

I can remember you want to "drain the banks" which might take awful lot to do - even though they are in massive trouble ;-) - but tell me - are you purely a "red rat" or a "green / blue rat" ?

Also I can never understand the fact that the markets go both up and down in direction - why would you decide to stay with only one direction. Please don't say because you have "better odds" because that can be proved incorrect ?

Have a great July