This morning when I called this trade, it was between 0.9830 and 0.9840. I projected Aussie would hit 61.08% (0.99335) and she did. It was 0.99401. Based on today's trading and my chart pattern I closed my long positions near the top range and ...

AUD/USD

Yes, I traded EUR and EURJPY before. The problem is that there are so many Euro members. Therefore, there are so many unexpected news coming out of Europe everyday. As to the Yen, there is always a possibility the BOJ intervenes the Forext market. ...

AUD/USD

When the entry is right on the money and one can see market's next moves, why is a reward:risk ratio needed? When applying R/R ratio, which is taught by many "experts", the mindset is closer to betting than trading. (Note: Betting is a better word ...

AUD/USD

Japanese has been highly influenced by Zen since 6th century. I believe candlestick concept had something to do with Zen. 400 years ago, when that Japanese saw the rice market the way it's supposed to be, he "discovered" candlestick charting. So ...

AUD/USD

I try to look at the market with two approaches. First is the complicated Elliot principle analysis. The other is a simple mindset of a child. The later is more like the concept of Zen.

AUD/USD

It's very impossible for a ball to stop volatile bouncing after flying to the moon and coming down to hit the earth. at least there should be one bounce. As to how high it will be, try to drop a ball from the top of Empire building and see how high ...

AUD/USD

Current Aussie move is very similar to what happened last Sunday night. Remember we traded side by side? The difference is the scale of current move is larger.

AUD/USD

Based on H1 chart, this bounce is not halfway yet. IMHO.

AUD/USD

Why is it 9880?

AUD/USD

I see a possibility of retesting the parity. At least reaching 61.80%. Aussie's move depends on Obama's speech today. We all know Obama is good at talking, which tends to move the market.

AUD/USD

Obama's pending speech may be the catalyst of today's move. IMHO.

AUD/USD

If Aussie breaks the trend line from 5:45 AM M5 bar, she will be heading higher.

AUD/USD

8:25 AM M5 bar sat on the intersection of two support zones. Current PA confirms that it held well so far.

AUD/USD

I am in agreement with you. There could be a consolidation at 23.6% area before Aussie moves up decisively.

AUD/USD

The retracement yesterday appeared to be a corrective move. Now, M5 chart from 4:45 am EST is a bullish EW pattern so far. We shall see.

AUD/USD

If Aussie breaks 0.9850, it would be a bullish EW pattern on M5 Chart. This could be a prelude of the retest of the parity.

AUD/USD

Have you ever heard "stop hunter"? I got the same situation before. Seems to me, MM pushes the price toward the stop zone and triggers all the stops.

AUD/USD

Thanks for your input. Bulls held 0.9850 so far. It was back and forth several times. From daily chart and today's pattern, seems to me, Aussie has not done her upward move yet. What is your take?

AUD/USD

I learned something from your trading during our debates. I am always looking for the facts. Please don't take my language too serious. You mentioned PA a lot. What is your criteria of PA?

AUD/USD

If fact, there is nothing wrong with your definition of Morning Star. It can be found in a lot of candlestick books. My understanding of Morning Star is that it is in and of itself a confirmation when it is formed at certain locations.

AUD/USD