Dollars down under.

The above chart is the Australian Dollar/ U.S. Dollar pair, which as you can see, is taking off again.

There is a serious case for parity at this point. I am not convinced that we are going all the way up there yet.....BUT..... I also am not in the business of predicting currency movements - I just react to them.

I did not get into this pair on the break of that pinbar, (the last arrow) as I believe I was working at the time. However, as you see, .9100 is a major area, and should be for a while.

All of the arrows show how it's been support and resistance. Several days of it in fact.

So, I am going to watch out in that blue box. Somewhere in there, I am looking to find a nice bar to enter into this trade. With Friday's big drop, I think we will probably see it test that area again, and soon.

Most of my trading lately has been done based on daily charts, and I have to say, I like it. Nice and slow, no need to worry about much. It can takes days, but it is a lot like stocks at that point. Anyone that tells you there is no money to be made in the upper levels, or more commonly, "The stops are too big for guys like us.", has no idea what money management means. I can assure you, even with a small account, it's possible.

Anyway, if I get into this trade, I will let you know how it's going. I am currently looking around various weekly charts today.....Our day off in the markets is really just a "cooling off" period to reset our charts.

I also have been checking out futures trading. I did pretty good in Gold last week. I am demoing it first, of course.

Good luck all, and I will talk to you soon.