Bulls had a mini break above. 6815 has been tested a few times since October and is weakening somewhat. Nonetheless, it remains a strong decision point, particularly on the weekly. Closing above 6815 this week will be strong bullish and unlock a ...

NZD/USD

Would normally agree, but I'm not convinced the current leg down has bottomed yet

EURUSD

Commodity prices can, and probably will, continue lower into 2016 and beyond. But for arguments sake, let's assume they have bottomed. That does not mean it is already reflected in the Aussie dollar. It will have a flow on effect that will last ...

AUD/USD

Got what I wanted. All eyes on the hour closes. A close above 6815/16 is bullish

NZD/USD

We are getting close to a very important historical level 0.6815 Looking to sell heavily around this level. We are preparing for the next mid term leg down at 0.6000 which looks imminent in 2016.

NZD/USD

Also watching with interest. Although I am targeting a fair bit lower than you. Looking for the next mid term leg down to 59.9x. Historically a pretty significant level in the kiwi. Looks imminent in 2016.

EURUSD

S&P certainly is an attractive sell right now. Looking into 2016 I believe below the 2000 mark will be the new norm. Gold also looking ripe to sell before the announcement. Not much else to do with everything else in no mans land

The Really Useless Thread

Surely 2050 is of great importance for S&P? It's been a pretty significant S/R level for much of the year. I'm entering some major short positions here at 2048, would be good to get other opinions however

The Really Useless Thread

S&P certainly does look tasty at the moment. I'd like to see a quick run into that 204x.xx zone to load up some serious short positions. Gold may already be ripe for picking for the next leg sub 1,000.

The Really Useless Thread

Clearing all remaining longs here @ 7225. technically, 0.755x target still open BUT as mentioned a couple of weeks ago, Yellen's comments the week after the last meeting have dampened the prospects of the target. Some reasonably strong resistance in ...

AUD/USD

We entered glorious R/R levels yesterday, I hope some of you bulls stocked up. We were well on our way to forming a hard bottom at 0.6907 for the next few months UNTIL Yellen threw a spanner into the works last night, surprising us with a hawkish ...

AUD/USD

S&P looks very tempting at 1915 right now

EURUSD

I don't hold 100% of the trade until the target. I micro manage along the way, by taking portions off the table at key levels and re-entering those portions at a lower price if the opportunity presents.

AUD/USD

Good stuff Bulls have a norm at 6988.6, my broker missed by 0.4 pips. This is usually a good spot to go long with a tiny SL (5 or 6 pips), a place where you can sometimes get 100:1 r/r

AUD/USD

Well that depends where your S/L is.. (I hope you have a SL) I like to have a plan. I know that I have a 6:1 shot, so I can lose 5 times out of 6 and still be profitable. If your SL is 100 pips and you're targeting 50 or even 30, well that's not so ...

AUD/USD

Fair question. I am a tight ass. If it breaks below 6906, most likely it will have every intention of testing the bigger 685x. Why should I give up another 50 pips in between? I will re-enter at 6860 or lower. In trading you need to save as many ...

AUD/USD

If you left it open until this time next year I suspect you could be 1,000 or 1,500 pips in the red. No amount of positive swap will ever cover that

AUD/USD

Ok we have now reached juicy reload levels at 0.699x. This is also a 3/4 retrace from the previous leg (0.6907 --> 0.728). Next target extension is 0.755x. Bulls have pretty good r/r here for the next leg with stops below the lows. I'm in at 0.6995 ...

AUD/USD

For bulls, we are now approaching reload levels in the aussie, for a run at 0.755x next quarter. Much larger pending orders below with rock solid support at 0.685x if 0.699x gives way. Gold is also cheap in the 1120.xx zone at the moment, for the ...

AUD/USD

Gold looking very juicy at these levels (1123). Reloading with stops just below 1115. Looking for a HH (1170+), perhaps a crack at 1200+

The Really Useless Thread