we have again reached the brink of breakout. will it breakout? or will it bounce off and fall back? the difference between now and the previous attempts (from 7834 in april & 7750ish in aug & early sept) is that we have no market-moving data/central ...

AUD/USD

turning neutral for this pair, the bullish factors, although still present, haven't seem to have emerged. beginning to think that the market may be shifting its focus to external events. this pair has been pulled around by cross currency flows this ...

AUD/USD

argh i sold at 7632. thought we'd might see some bearish action this session. instead a sudden squeeze to 7646 in under a minute...?! nothing really much to comprehend from today's opening moves.

AUD/USD

not really a senior, but i can offer a suggestion as to why - probably profit taking....the pair has risen quite a bit this whole week. it's only natural that some traders take profit and adjust their positions on the last day of the week. these ...

AUD/USD

Bought at 7620 ahead of the 50% fib retracement of the FOMC move (7556-7675). im looking for it to recover and take out the 7670-80 area. for me, it makes sense that the post-FOMC correction on the USD should be complete. doesn't seem that there's ...

AUD/USD

a few of the heavier uptrend moves this year met significant resistance at that level on the daily chart. if you zoom into the 2hr/1hr charts, you'll find that that level was also significant support in august on the few days when the pair went ...

AUD/USD

yeap. moves like this are great for catching the bounce off resistance. very clear resistance lines, with 7676 being a strong one. me thinks this pair still has a bit more room to run before any thought of a proper downtrend fits in (see chart). for ...

AUD/USD

the latter....quite definitely oversold. the selling was in response to "raised" prospects for a fed hike after all those bullish fed speakers. i wouldn't rush to go short, although i took up a small short at 7567 anticipating a correction since the ...

AUD/USD

im surprised at how the aud is holding the range between 7476 to 7490 for the past 2 hours. been riding it up then selling it down. numerous times already for an average of 8pips earned per trade. wonderful R/R to play with. i suspect the aud will ...

AUD/USD

I'm flat atm, but the fall in the aud wasn't fun to watch. Too fast, too furious. Feels like a missed opportunity, although quite frankly even if I were short AUD earlier, I'd have closed out a long time ago...especially after the first two bounces ...

AUD/USD

ugh somebody pat me on the back and tell me im not the only unlucky idiot around. yesterday i missed the buy at 7490 cos it bounced off 7491, today i placed a buy order at 7504, it bounced off 7505. easy 25pips on each asking missed

AUD/USD

I've got it similar too, except that my line is drawn such that 7489 is support. My TP on the short is 7490 and I had a buy order at that same number. Looks like I've missed the boat. Now hoping that fed speakers will speak hawkish. That should be ...

AUD/USD

okays, short since 7584. i think it's almost time to close it out. either before the fed speakers later or if it touches 7490 / 200day MA. i doubt the sellers will be willing to drive it down much further before some profit taking first. also, it ...

AUD/USD

well analyzed. yes, which is where the topside trendline comes into play. i bought at 7740, no real expectations for this one although the first target should be around 7690-7700ish which is the underside of the ascending trendline for the week. ...

AUD/USD

omg, i got lucky the 2nd time today that my TP was nicely hit at 7690 before it crashed back down. counting my lucky stars today...seriously, maybe 1% of my trading days go this way. but anyway a horrible amount of USD buying across the board the ...

AUD/USD

what a waste i didn't hold my long from 7624 yesterday, closed it at 7680. Today: Bought @ 7670, TP @ 7722 .. switched to Sold @7722, TP @ 7670 - that was a lucky quick one actually. didn't expect it to fall in just 30mins. Long @ 7675, TP 7690. ...

AUD/USD

It's become quite clear now that the aud is on the up. Reviewing the past few drops (the significant ones by >100pips from the TOP)... All drops have been triggered by fed hike euphoria. In each case, when the possibility of a fed hike evaporated, ...

AUD/USD

@takeurpills said it right...you need to learn more and develop a strategy and plan first before you throw in such a huge amount of capital! i think the risk is to the upside later when the RBA announces their decision. meaning it may most likely ...

AUD/USD

Ok, assuming the RBA doesn't cut rates tomorrow, A/U is gonna shoot upwards. It's almost a no brainer in recent times - the AUD rises faster on no news than it falls on bad news. Imo Anyone planning on shorting should probably wait for the recent ...

AUD/USD

...if it ever does reach 76cents. and then again, if it does, it'll likely be because of a huge miss in US NFP numbers tomorrow, in which case won't it be risky to think of going short?

AUD/USD