beware the 100hour MA now @ 7681. price has been above it for all of August, apart for a brief moment at the RBA announcement (following which a sharp recovery back above was made) price has bounced off it pretty hard each time. however, this time ...

AUD/USD

Looks like, I tried going Long from 7674 and got out at 7684 cos I'm not so confident yet. Better to bag some profit before Europe wakes up. It may get sold down again. Last 14 hours was about a rising USD (the usual slow response to Ok US jobs ...

AUD/USD

Buy @ 7704, will add at 7690 if it goes down. Target 7720. The consolidation looks almost done, but probably will have a bit of work to do to get past 7720 since resistance is building up around there.

AUD/USD

that's why i generally avoid placing orders or stops. would rather do them manually. placing stops/orders feeds brokers with info for their algos to use to manipulate the charts. the peak on my chart shows 7756. but at the point, the bid was 7760. ...

AUD/USD

wow that was one of the most volatile market events in quite awhile....the wild whipping around. i must admit i gambled and got lucky on this one...cos it could easily have gone awry. sold 7735 bought 7710 and closed both within seconds for around ...

AUD/USD

not taking that for granted, because it looks as if 7715 may be too early. it corrected up to 7724 in a rush but fell lower...that's a bit of a warning signal. i was also thinking of 7720 as an important level for longs (to see if it holds) so we'll ...

AUD/USD

nice correction down to 7715. bought @ 7715, TP @ 7760. 7715 is the bottom of the rising trend line today. the pattern is indicative of a correction rather than a rejection. after all, the USD has had a horrible day. expecting it to test the highs ...

AUD/USD

Yeah pretty obvious actually..all pairs have moved one way in favour of the USD for the last 12 hours. Although the AUD is strong, I'm still bracing for the appearance of sellers in big bulk. To me it's still a risk that aud has crawled past 7710-40 ...

AUD/USD

US dollar weakness has also been a key driver today and the USD has just completed a round trip. This could lead to a bounce off the current level. 7626 looks like a fake out above the important 7720 resistance level. (plus perhaps some knock on ...

AUD/USD

Thats true. It's been a one way street ever since London opened. I for one will be quitting my sells if it goes above 7725 (and that appears pretty soon) and maintains above 7720 into the NY open. And may be good to stand aside until 78+cents. Price ...

AUD/USD

7687 profit target for the short from 7700 just touched earlier. Bought again at 7694 but closed off too early at 7705 (I thought it would fail and go back down). Sold at 7710, 7720 targeting 7700. Just a bit cautious that there hasn't been any ...

AUD/USD

Reaching heavier resistance at 7720 - topside trend line and 2 May 2016 high. Expecting a correction from there. Took profit on my short last night at 7666. Didn't dare enter long otherwise that would have been great again, given the 40pip run up ...

AUD/USD

hmm, but why such a large stop distance 65pips up? if it breaks above the trendline, the next logical top should be the area around the April 2016 high @ 7834...which is 100+pips up...you'll just be wasting pips. unless you're thinking about a false ...

AUD/USD

@noFXguru .... based on that chart that's a good level though, if you can define your stop in case it goes further up.

AUD/USD

i hope you made something from that trade! i guess whichever time frame you choose to trade with, it should depend on the prevailing price action. and the amount of leverage used also. i sold at 7685, prepared to let this run a little..maybe until ...

AUD/USD

darn. I closed my short from 7672 at 7654 cos I wanted to go to bed (I don't like holding positions overnight). That move down to the 100hour Ma a few hours later would have been awesome profitable. But anyways, noting that the 100hour Ma still ...

AUD/USD

anytime my friend. i go really short term into all my trades. it's mostly scalping, day trading. so i focus on the M5 chart largely. but i use the H1 H4 and daily chart to draw trend lines and mark S/R lines and follow the moving averages. i don't ...

AUD/USD

a little risky to go long at this level (7660-70s) imo. somewhere here could sit a rush of sellers. unless you're disciplined enough to use a really tight stop. for me i'd wait till 7650 highest to go long from (IF at all). not much on the H1 chart ...

AUD/USD

Shorting from 7672. Dammn, i actually gave up on being long earlier and took profit at 7640. Gambled instead on going short from there hoping to catch a few pips down. Didn't expect it to uptrend so rapidly after that. That said, if it manages to ...

AUD/USD

bought at 7620, closed at 7655. That initial round trip tells a lot. Even if it may have fallen back down now on "second look", a little patience should show the way. Personally, I don't think this nfp report will influence the fed towards a change ...

AUD/USD