That spike wouldnt have been much to do with the Yen but due to the USD getting a sudden surge as commodity prices took a huge hit, Ie Gold/Silver

USD/JPY Discussion

Im wondering what caused USDJPY to surge upwards when FOMC announcement was made. It headed south shortly after but the explosive move up has me perplexed.

USD/JPY Discussion

How do you calculate the 77.6 level? That would be real good if it does, even though im long the position. I held USDJPY December thru to Feb, 77-82 and I loved that and would love to do it again.

USD/JPY Discussion

What makes you beleive it will sink? I dont think it will pump up to high values in a while and think it will be rangebound with support around 1500. I dont see AUD getting to 1.18 at all, not unless USD becomes severely weakened.

AUD/USD

When will you know whtn the time comes? I think Templeton further said, Bull markets creep up when you least expect them. Some people think we are already in a Bull Market. If you read the AAII sentiment index, its very bearish. Is that maximum ...

AUD/USD

I agree, its a great thread. Short EURUSD?? Im personally looking at going Long. However my timeframe is weeks/months. Im evaluating whether 1.24 is a support level.

It's Really All About Consistency...

Hopefully all goes well. One thing I love about FX ordinarily is the fact its 24/7 (weekdays) so gapping isnt an issue and any stop losses are usually close to the mark.

AUD/USD

Yeah I made sure I was closed out of anything over this weekend as when it opens after the weekend who knows how much it might gap.

AUD/USD

I must say I was surprised to read that, altho I dont trade on technicals too much. When I saw you went short I noticed at the same time that American premarket trading was bullish so far. ie S&P500 looks now to gap higher and treasury yields are ...

AUD/USD

Yeah I notice just about everyone trades here very much short term for 20-30 pips or thereabouts. For me id rather have a trade open for days/weeks. I held USDJPY for a couple months for exampled. Rode it from 77 to 82. But I understand most people ...

It's Really All About Consistency...

Nice, thats damn good and inspiring. Especially considering today I read an article that only 5% of people will be successful at trading. I like that your equity curve while it might go flat it doesnt sink down. Well done. What time frame is that ...

It's Really All About Consistency...

Yeah I know what you mean, I thought the sentiment from Europe was rather positive ie the 125Bn Spain bail out but I notice that in premarket activity for the US markets while its higher than Fridays close, they are trending down, ie Bond yields are ...

AUD/USD

Thats a really good call, while it hasnt made the 35 pips yet,. calling the 9940 level was spot on, its bounced right off it. What sort of analysis is that from? Im new to TA as such and am interested to see what people rely on and works for them.

AUD/USD

Heres a cut n paste of my graphic lol and accurately quoted

It's Really All About Consistency...

Thats a rather neat quick test. Im apparently an Innovative Trader.

It's Really All About Consistency...

X, Ive just done something ive never done before. Read someones personal thread from start to finish. I was engaged the whole time with your thoughts and developments. I really admire your desire and committment. Im new to trading as such and very ...

It's Really All About Consistency...

I wanted to enter back into a long position since I got stopped out earlier on. But with the Economic news due from China on the weekend. I might just sit it out and see what the go is on Monday.

AUD/USD

Interesting read, thanks for that. Looking at the 15 min charts I can see stop hunting may have occured at other levels, but given my stop was only breached by a few pips it wasnt the case with my stop.

AUD/USD

Damn this pair, it was doing so well too. Seems no matter where I put my stops the market knows and will drop at the point and bounce back from it. I had my stop at 98.4 This has happened to me on a few pairs of late and even on some other trades ...

AUD/USD

Just my 2c here. Since you have gone short on this pair keep your ears peeled for what BoJ (Azumi) will do re the yen, ie Intervention, money printing etc. Theres speculation & talk about it but not much action. Also as its a safe haven beware when ...

AUD/JPY