A Quick Aussie Trade

Thursday, December 07, 2006

Haven't been trading too much since we have NFP coming up on friday. The market tends to be less responsive in anticipation of NFP day. I did take a trade on the AUD/USD this evening. It was the Aussie employment report which came out much better than expected. The report numbers combined with the bounce off 1/8 and the retrace to and from the 2/8 MM lines gave me a guaranteed ride north on the pair. I was in before the news and took a good profit. That's it for today. If I don't post tomorrow I will definitely have a post for NFP on friday.