So why is supply coming in on the DX... A lot of gaps to fill around 79.6. Also puts USD back in downtrend mode.

AUD/USD

Actually, wrong. Generally in the currency market: long on risk will pay you yield (interest differential). Generally in the stock market: long on risk will cost you yield (interest paid on margin borrowed) and prices adjust downwards after ...

AUD/USD

Still waiting.

AUD/USD

Nikkei above 10,000, HSI above 20,000, April Light Crude above 80, AUDJPY above 80, SP500 closed above 1100, Bernanke not raising rates... Wake me up when the recession comes Have a good one guys, I am going to walk down Lygon Street ...

AUD/USD

I am only holding 1 tiny position right now, long GBPUSD from 1.5532 with a stop below 1.5340. I would prefer to position myself at the USDX trendline touches as they come about.

AUD/USD

By mining boom did you mean to say "China lending spree"? There are only so many warehouses you can fill with copper. url

AUD/USD

The only chart that matters to me right now is this USDX chart: image It shows there is little point being in the market right now. Either the USD needs to make a concerted move above the red channel midline (buy target red channel upper line and ...

AUD/USD

No idea shah. I am not an RBA watcher, the rates decision is in the chart for me or not. Does anyone remember late 2008? Forex markets began to invert themselves on their usual trend metric: rates. Normal supply/demand is based on yield: higher ...

AUD/USD

No it isn't. Well, first part is right about the specialized software (it's just realtime arbitration of prices AFAIK), but second part about average rate I don't think so about that. Market makers are just that, they choose what they will bid and ...

AUD/USD

Always enjoy your charts mate. Subscribing.

Backing Trades Thru Charts

They conspire with one another almost every day. Do you think a sustained drop from AUDUSD at 0.96 to 0.63 can occur without someone buying AUD and selling USD to all those who want it every step of the way? Do you think EURUSD can drop from 1.51 to ...

AUD/USD

url Mish gives a rundown of the RBA rates decision recently and the "pool of greater housing fools".

AUD/USD

url image Although, I think you will find that the stock exchange is much the same as the foreign exchange these days. It is not S&P or DJ controlling things, it is the liquidity providers. ZeroHedge has written many articles on this topic. ...

AUD/USD

Err what...so how come California hasn't been bailed out? How come Miami and Las Vegas haven't been bailed out? New Jersey, Rhode Island, Albany, I can name a large handful of US states, counties, etc that need a bailout badly. California is the ...

EURUSD

Have you seen this? url

AUD/USD

Great thread. Great method. Nice work both harigp and Paulus, this post is gold: url A system right there.

Top and Bottom M5 Trade

Remember the last chart I posted in this thread? Same reversal pattern is playing out on EU and GU. You throw down 0.25% how many times a day, why not throw 0.25% down on a long today (pref from 13616) with a stop below Fridays low and see what ...

4% A Day Forever

Try the Bill Williams Alligator on H4 as your directional filter. After extensive testing, I have found it matches the daily trend (as represented by the daily 14LWMA) almost perfectly. Of course, many directional filters will work. This one just ...

AUD/USD

Forgot to update my trade, sorry guys, been concentrating on GU. Short from 9015 stopped out at 9024 after a good run. Glad I took some lots off yesterday to lock in a few pips.

AUD/USD