And price is still going up, above .7350 now! Short at your own risk. updated because we are at .7360 now. Updated again, .7370.

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Yes, that is definitely for the more experienced trader. Hopefully people read and remember what you're writing after getting some time behind the charts. Cheers!

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I agree with a few of your points above. I watch the news and see how price reacts to it. I don't really care much what the news numbers are, just how price reacts to it. Easy example, last week we and early this week we had good USD news and bad ...

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The sad part for me was just seeing so many people in losing traders...over 400??? I hope it does come back for them and that make some pips or get out at b.e. at least. I don't see much selling happening today though. What I think, and I could be ...

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You must be trading a longer term strategy than me, I'm just a day trader. 0.639x is no where on my radar screen. I don't even see it going below .7100 any time soon. Even if NFP comes out GREAT for the US tomorrow and we get a 200pip selloff, that ...

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It makes me sad to currently see 67% of Aussie traders are n FF short...and 461 of them in losing trades while only 7 in winning trades.

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While there are many trading styles out there...the thread I started is more about helping the new traders learn the market and take higher probability(safer trades) in order to protect and help grow their accounts. I fully understand the more ...

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15 more pips and .7300! Also, a Daily candle close above .7260 will be a close above the Daily 200ma....first time it will have done that since Sept. 2014!!! January's lows could have been the bottom of the downtrend and we are in the early ...

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I had a pretty good idea based on price action one of two things would happen...looks like we are getting the second one. Price has broken out of the range to the upside(no surprise there, I've been saying buy the dips for weeks based on price ...

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Remember that Daily chart I posted a early yesterday? Here's the update...

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See what I'm talking about, no matter what the news is...AUD rallies! lol Think about this for a minute...the US had GDP of 1.0% versus 0.4% expected(0.6% better). The Aussie had only 0.1% better than expected. Yet the Aussie has rallied Much more ...

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lol, nice job. And I was just going to say, Good USD news on ADP report so you know what that means??? Another Aussie rally! lol Seems to be the pattern.

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Thanks Blackopal! By all means I agree with those who want to short, .7250 area would be the best area to do that as it provides the lowest risk for a stoploss and highest probability of a winning trade(Sell High, Buy Low). Looks like it's heading ...

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I do believe Aussie is going to go up when London opens tonight. A few more hours to find out, but there hasn't been much of selling since early US session. ...while, my timing was a little off, got a slight rally up until London open and then a ...

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Anything can happen. we do have some major US news at the end of the week!

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.7163 up to .7234 is 71pips to be exact.

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That could very well happen. Here's what I'm watching. I have a breakout to the upside bias based on the fact that price has been trending up and that no matter what bad news AUD has or what good USD news there is, Aussie keeps rallying from any ...

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Stop hunts by the market makers my friend.

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When you get bad AUD data, it barely sells off and never stays down. You get slightly better data and it rallies 70 pips. That should tell you what you need to know.

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