Golden Key Trading

Welcome to Golden Key Trading

Trading the AUD

What's happening today: updated Friday 19th June 2009 at 9:00am

Keep an eye out on the JPY it could move today between 9:30 and 10:30 .

The market should be very quiet (great for range bound trading)

The US is following a N.Korean ship and could board it today.. could move the market

Range Bound Trading:

Last night the AUD only moved about 100 pips and there is very little in the way of economic news today.

I expect the AUD/USD to stay very range bound today.

I expect the low to be at .7950 and the high .8050

If your trading the AUD/JPY then keep your stop loss low because it could move this morning.

Keep your stop loss to about 20 pips and your profit to 25 to 35 pips.

I would set the max range for about 40 pips

Remember to be out of your trades by 3:00 pm EST the market could move at 4:00 when the Europen markets open.

Long Term Trading:

There is huge support at .7850

If you buy at .7850 to .7900 watch it doesn't break through below .7820.... if it does it will run as low as .7650 !!!!

The high at the moment is about .8020, get out at a profit there.

I expect the AUD to come down to about .7750 over the next week

When the AUD gets low enough I am going to buy (watch for that bounce... I will let you know when it does)

Over the next few months I expect the AUD to hit at least .8500

News events to watch out for :

North Korea :

These Idiots could cause all sorts of problems.

The UN has aproved searches of all N.Korean ships for banned items. N.Korea has threatened to attack anyone that tries. This could happen soon.

If anything does happen then the AUD/USD should go crazy (about 100 to 500 pips in just a few hours) depending on how severe the action.

I expect the AUD to go down if anything happens.

Iran:

The elections are of small concern. If the protesters (backed by the US) don't go too far then there should be only minor reaction to the dollar.

If they go nutts then I expect the AUD/USD to go down.

Iran:

Watch out for their nuclear weapons development and how Israel responds. The president of Iran is under some pressure, he may take a poke at the US or Irsael to

take some of the pressure off his election problems. I don't know what will happen to the AUD/USD. But if it gets serious I expect gold to go through the roof!

The purpose of this web site

I am a full time trader and have been trading for over 6 years.

I know people in almost every industry. They send me emails and let me know whats happening in their business.

I know how the economy is preforming before any of the reports are published.

I make GOOD money trading the AUD because of this info, and I pass this info back to you through a daily email and this website.

No matter what industry you are in, flick me an email and tell me whats going on.

Are your sales up/down?

Are there any changes in your industry?

Have you heard any rumors?

Are you unemployed? Are there more/less people at Centerlink since last time you were there?

The more information I get the better advice I can give trading!

Do you have any questions about trading?

Is this is your first time on this site?

Send me an email and introduce yourself .

contact me : goldenkeytrading@yahoo.com.au