Yes. The idea is to get good positioning within an existing trend, in this case, above an area of support. The theory is that the greater the retracement (I think that's what you meant to say), the more likely that the trend is running out of gas ...

How do you differentiate between retracement and reversal? (In fibonacci)

But, is the collective belly full enough to sink? We'll see - .8800 being probed downward again right now. Probably test the bottom of the range at .8780 really soon adding a little dough to your biscuit.

AUD/USD

Good point on that fundie. Thanks! Timing though? That's tougher!

AUD/USD

Absolutely. The chicken and the egg co-exist here in the twilight zone. LOL! Meanwhile, .8800 being probed as nearby resistance.

AUD/USD

Agree with you on the pivotal level here. Looks like it should have enough interest in at least probing lower and enough resistance between here and .8800 for few attempts at a continuation downward shortly(pun).

AUD/USD

Good to see your stop held. Good placement! May as well be a bank holiday - pretty thin right now.

AUD/USD

Holy horse sh**! If you can remember where it was, please post a link. I've got to see that.

Trading Posters

Thanks for the kind words, my friend but, I need much, much more of both. Wisdom vouches and post count don't mean sh**! Really important for us all to keep in mind on the forums.

AUD/USD

Agreed. Maybe on a bounce to .8775 if you want to fine tune it a bit. (note: I'm not doing it with upcoming news though)

AUD/USD

Well, I think that's untested support. It may well be falling through it as I'm typing this.

AUD/USD

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AUD/USD

Yeah making calls is seriously asking to jinx yourself.

AUD/USD

Oh man! You're making me hungry for kebabs and saffron rice - and it's 4:30 am here. LOL! It'd be nice to get a long from the bottom of this current mini-range at about .8750 support to see if it will break the top of the range.

AUD/USD

LOL! Looks like AUD may be quite content to trade between .8755 an .8770 for a while.

AUD/USD

Do you chill your merlot, LP? Brent in Seattle Yum! I've had it with Persian friends in West L.A.

AUD/USD

Some unsolicited advise: Simplify your analysis to extreme simplicity. Reduce $$ down to .$ or even .0$. Don't worry about what "would've been" - it's pointless. Slow down or even take a break but, keep going.

AUD/USD

I'm liking the participation and info/idea exchange that you have going here on the AUD thread. Q: Seems like AUD/USD trends pretty nicely relative to other pairs. (Dis)Agree? Any idea why? All the best and wishing us all a great new year! Brent ...

AUD/USD

Hey! Glad I found your USD thread. Many thanks and happy holidays! image

USD Index Thread.....

Interesting observations, guys. Thanks.

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