Best to wait for break and then get in on the re-test. You'll get a better price with less risk.

Aussie Trading Room and Cartoons Gallery

Makes sense. Guess we'll find out soon enough!

Aussie Trading Room and Cartoons Gallery

What do you think about all of the long bottom wicks on 1 hour chart. Do you give much importance to them? The wicks seem to be screaming long, but other than that I am seeing bear sign all over the place. Thanks!

Aussie Trading Room and Cartoons Gallery

What are everyone's thoughts on the vote to extend the U.S debt celing just now? Good for US equities. Doesn't seem to have much effect on AUD?

Aussie Trading Room and Cartoons Gallery

Unfortunately, there is no rule set in stone for this. Most of the time you will see them drawn from complete lows to highs or vice versa. However, many people like to start them from big moves, breakout bars, etc. One thing you can do is try both ...

Aussie Trading Room and Cartoons Gallery

Thanks! I prefer trading the AUD to most other vehicles. Respects fibs well which is what my system is based on. Trying a scalp at 0520 if we get there. TP 550, S 0495.

Aussie Trading Room and Cartoons Gallery

What an awesome vibe this thread has. A much nicer environment than some other threads. Keep up the good work!

Aussie Trading Room and Cartoons Gallery

How many retailers shorting does it take to get to the center of the Aussie pop? haha image

Aussie Trading Room and Cartoons Gallery

For bears. The highest volume on the hourly chart seen since almost 2 weeks ago occurred today on a down bar which closed on it's lows. This is /6A which is reliable volume. Could just be profit taking but may be an early clue of selling pressure.

Aussie Trading Room and Cartoons Gallery

For shorting the AUD, if you are concerned about negative swap, you should take a look at futures. /6A trades exactly the same, with no swap. commissions are less, fixed 1 pip spread, you have Globex actual volume data (volume is key) which is not ...

Aussie Trading Room and Cartoons Gallery

Anyone shorting this? I'd love to, but been burned by shorting the AUD at highs too many times, this pair loves to climb! My best guess is a long entry around 0530. Think it will retrace that far? Anyone still bearish expecting a break of the 0500 ...

Aussie Trading Room and Cartoons Gallery

I used to think the same way. In today's market, U.S. fundamentals are used as a general gauge for risk appetite. Bad news for U.S. often results in a "risk off" atmosphere, resulting in money moving out of risk assets and into the USD, which is ...

Aussie Trading Room and Cartoons Gallery

Looks like money just started trading this period of low liquidity! Futures are closed so look for gap close by 6 pm eastern.

Aussie Trading Room and Cartoons Gallery

Anyone see the bullish engulfing bar just printed on the H1 as a short term upside clue?

Aussie Trading Room and Cartoons Gallery

No easy answer for this. Depends on time of day and circumstances. Given that london is now closed, today's resistance may be tough to break before end of day. Best thing to do is just look at how price is reacting to S/R on a 5 min time frame. ...

EURUSD

Yeah I tend to agree with you. Funny how one day can completely change the bias. sucks.

EURUSD

What is everyone's experience with daily pin bars like today's? In your history of looking at the market, does a hammer/shooting star on the daily negate any short term bias? Before today I was pretty bearish (still holding short from 1.3) but after ...

EURUSD

Hi Gator, I've been lurking in this thread for quite a while and haven't been able to figure out how you calculate your numbers. At first I thought you were just looking at S/R, but now I know there is more to it. I know you get a bunch of requests ...

EURUSD

Only reason I called you that is because of your blind leading the blind comment. You could have just offered your advice without the insult. Precisley why I seldom post. If the guy is already that far underwater it may behoove him to let it run a ...

EURUSD

The thing to do is ALWAYS sell at the bottom of a range into support huh? Good luck with that MISTER asshole.

EURUSD