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Invest Diva’s Guide to Making Money in Forex: How to Profit in the World’s Largest Market by Kiana Danial

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CHAPTER 21Case Study of Successful Investments

Let’s look at different scenarios and the thought processes I used when I was placing a successful trade. Here are real blog excerpts that I have posted on www.ForexDiva.com in the past and sent out to my InvestDiva.com subscribers.

August 17, 2012: Trading Australian Dollar Versus U.S. Dollar

I’m liking the way Aussie-Dollar is looking today. Let’s take the pair through an Invest Diva Diamond analysis (see Figure 21-1).

Images

FIGURE 21-1

Technical Analysis

AUD/USD—4-Hour Chart

Will the 50 percent Fibonacci level hold? After a period of consolidation during the uptrend that started July 25, the pair has ...

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