hmm...been out of the AUD for almost a week. im just quite afraid that any change in fed speak will suddenly send the USD plunging and the AUD surging again. if at all, just again back to scalping small ranges. i'd say that the decline now has ...

AUD/USD

boy am i glad i took the last two days off. the markets look insane with that horrid liquidity. i can only say one thing. it's a gut feel borne out of experience..... beware the sharp reversal middle of next week. all it will take is for someone to ...

AUD/USD

depends on where you went short from and how many pips profit you're expecting. most markets are in consolidation this week awaiting janet yellen's speech on friday. it's been very irritating for me too.

AUD/USD

okay. i think im going to need an end of month break. the markets this week have been bloody annoying. quite painful to make even a few pips. lack of directionality and follow through in any of the moves, coupled with such poor liquidity. markets ...

AUD/USD

Well, first of all, important to note that I am neutral about the aud. I'm just trying to look at it from a different perspective...the AUD has been stubbornly stuck within this range for a year, the current fundamentals have also been with us for ...

AUD/USD

Hmm, the difference between both sides is that one has some certainty in its actions whereas the other has been wishy-washy for the longest time ever. The market doesn't seem to bother with the uncertainty anymore I feel.

AUD/USD

Good question, but I think the better question is...what fundamentals point to definitive longs on the USD?

AUD/USD

As ive learnt through the years, two things - 1) Keep it simple - many technical indicators are just...indicators...they don't predict the future. So don't place too much hope in them. (the forexlive article actually speaks quite a lot of truth!). ...

AUD/USD

Sharing my short term trading chart - i use this for scalping. Purple lines are S/R lines which i anticipate will see a bigger bounce off. So i generally execute a trade in the opposite direction when it reaches these lines. Of course i don't ...

AUD/USD

While waiting, I've been scalping short from each new peak today. 7618, 7625, 7640. It's been good for 6-8pips profit per scalp. When I'm not sure of the bias, the least risky trades come by waiting for the bounces. It's a characteristic of the aud. ...

AUD/USD

thanks. you're welcome! indeed, on the technical front, the pattern looks very much like a pre-uptrend consolidation when you zoom out to the 4hourly/daily charts. it has already tested topside trend line resistance and broken through. the retrace ...

AUD/USD

nothing's cast in stone, as long as you identify the support/resistance levels and decide for yourself, if it goes against you, which one you'll want to get out at. i like to enter at support/resistance areas since it limits risk and losses...like ...

AUD/USD

hi! where and why did you enter?

AUD/USD

welcome back to the trading week! well, let's see where we are... Fundamentals - "good" employment data last week, which was nonetheless questionable and so should have a net zero effect - conflicting US data again, coupled with unconvincingly ...

AUD/USD

Perhaps. I used to do the EURAud and GBPAud crosses until the whole brexit thing started to heat up. I will probably revise my leverage strategy doing the AUdusd from how I've been doing it the past two months so it better fits the current sentiment ...

AUD/USD

Sigh it's so hard to pick a top for this fella. I'm neither bearish nor bullish. three days of bad trades despite very careful trading. One moment, selling from each new high only to find it surging...the next moment buying at a dip only to find it ...

AUD/USD

This market seems a little confused. bouncing around the key s/r lines 7660 7673 7690. The 100/200hmas seem ignored. The only thing that's clear now is that it's still cleanly within the uptrend channel. Let's see where it closes today. If above ...

AUD/USD

Interesting. How did you get about using that? By saying 12 shift, I assume it's what I do as an "offset" on my MA lines? Yeah down she goes. And then if we get some crappy US employment data in awhile, back up. Lots of good volatility, but I'm ...

AUD/USD

what's that? M15 100ma?

AUD/USD