FX:AUDUSD   Australian Dollar/U.S. Dollar
31 6 1
This may become a resistance point here at the cross of the risind and the falling prong.
ForceFollower
2 years ago
"Eigentlich gibt es keinen besseren Lehrmeister als verlorene Illusionen und entaeuschte Hoffnungen." Guenther Grass (1927-2015)
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motleifaul ForceFollower
2 years ago
I admire your knowledge of German literature. I have to admit, that besides Stanislaw Lem, whos books I almost all of them read and "Quo vadis?" by Henryk Sienkiewicz I don't remember any more polish books I read - the less in Polish!
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ForceFollower
2 years ago
Morpheus: "Neo, sooner or later you're going to realize just as I did that there's a difference between knowing the path and walking the path."
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motleifaul ForceFollower
2 years ago
Guenther Grass is right. In the case of FX it is never to late to learn - as long as you have still money left. Practically it means to do what Goethe already said: "Ein Blick ins Buch und zwei ins Leben, das wird die rechte Form dem Geiste geben." You need to read the written rules, but never take them as the truth. As deeper you come to the details and as closer you follow them in the details, the more you will fail.
In real life things are even more sophistic. Very often a man cannot make use of his experience because he has to realise that his lifetime is not endless.
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motleifaul
2 years ago
A profit taking order took the profit at 0.7973. The position is closed now.
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ForceFollower motleifaul
2 years ago
As for your trade - congratulations! Good job! :-)
Thanks for the second quote (by Goethe; btw I used learn German in Goethe-Institut in Frankfurt am Main in 2004). I like it. Goethe was for Germans, what Mickiewicz was for Poles. Thank you for your acknowledgement of Polish literature. Yes, Stanislaw Lem was an excellent author of science-fiction literature. Have you also read other sci-fi authors, like Dune by Herbert? I am thinking about reading this book some day, it's on my "to-read shelf".
I've read a couple of books in German, mostly during my college years. But I sometimes still use German in my daytime job as well.

Regarding the AUDUSD, I think it's in a moderate bullish trend, which actually is a correction in a long-term down trend. We can still expect some price action to the upside, perhaps as high as 0.825, but first we need to see at least one daily close above 0.8.
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