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AUD Showing Signs Of Life

Jan. 07, 2014 10:28 PM ET
Jeff Pierce profile picture
Jeff Pierce's Blog
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Seeking Alpha Analyst Since 2008

I’m a swing trader of momentum stocks with a holding period of anywhere from a few hours to a few months. I run a number of screens to locate the strongest/weakest stocks out there, using technical analysis to determine my entries and exits. Trying to calculate the intrinsic value of stocks in my opinion is out of date and there is wisdom in crowds.I've developed a market timing system that determines when it's best to be long, short or on the sidelines, using a number of proprietary indicators based on many time frames. I believe that to have longevity in this field one must find ways to calm the mind and trade from a detached point of view. Emotionless trading will allow you to respond to what's going on right now in the markets, rather than reacting to daily fluctuations.View my personal blog http://zentrader.ca/

By Mike Ber

After wild trading on the forex market last night we`re seeing signs that a short term bottom in AUDCHF and AUDUSD are in place. These pairs have been brutally sold over the last few months and both have had a successful retest over the last 6 trading sessions and both have risen above short term resistance levels. We`ve successfully traded these inside our service these past few days and momentum is definitely pro-AUD right now. Until this changes our bias will be to get long these on pull backs and sell into mini rallies. Before we can say any long term bottom is in these pairs have a lot of work to do, but for now they are great trading vehicles.

Contact Mike Ber at info@forexalerts.ca to learn more about his service. Here are his trading results since inception over 7 months ago and he has not had a down month yet. Mike is a personal friend of mine in Vancouver and I can vouch for his integrity and trade performance.

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