Current observations...just barely made it near the .8930 area for a pullback,but price was bid up again. Had 15min of selling to start the US session at 7am EST...but it's been an hour of buying since. Don't know what US news will do, but it ...

RBA Financial Aggregates January 2014

Is not just gold they manipulate...just saying.

Gold Fix Study Shows Signs of Decade of Bank Manipulation

Thanks, it's basically just technical analysis across multiple timeframes. Try to keep it simple without any indicators(maybe RSI for overbought/sold conditions). And stick with the major moving averages...200 and 50. As for using news...I only use ...

RBA Financial Aggregates January 2014

Typical. I guess I shouldn't sound so "matter of fact" in my above posts...so let me clarify, the above posts are what I see based on how I trade and those are my anticipated levels. I could be wrong. Happy Trading!

RBA Financial Aggregates January 2014

And there you go, bad data equals buy Aussie yet again! Just about .9000 again. After about 3 days of selling, we did have oversold conditions. Not to mention, a/u doesn't sell off more than 3days in row without some type correction most of the ...

RBA Financial Aggregates January 2014

Daily Pinbar, failure to close below .8900 on the daily chart for the 6th retest since Feb. 3rd, daily dip below and close above 50ma, false move below and then close back above 4hr 200ma, and now an upside down H&S pattern on 15min and 1hr chart, ...

RBA Financial Aggregates January 2014

Yeah, never know what can happen with the news...but for at least 3 weeks now, every bad Aussie or China data has resulted in a short term selloff followed by hours of buying. Buying that rallies up higher than pre-news levels. And with the fakeout ...

Stocks rally and Aussie bounces on Yellen’s dovish testimony

Going to be a beautiful pinbar on the daily chart for a/u longs if it closes at .8950 or higher.

Stocks rally and Aussie bounces on Yellen’s dovish testimony

Guess the USD didn't like that news.

Yellen Repeats Fed Likely to Keep Trimming Asset Purchases

Well, that e/u long worked out well. Made 40pips, so that cancels out my a/u 20pip loss yesterday.

Australia Private New Capital Expenditure and Expected Expenditure

I know everyone has their own method but this is exactly why I haven't shorted the a/u. It hasn't closed below .8900 since Feb. 3, it's tested the .8900 level 6 times this month on the daily chart and been rejected, and we currently have a bullish ...

Australia Private New Capital Expenditure and Expected Expenditure

Good deal, I don't have anything that told me to get in based on the way I trade...but that's just me. If you did, congrats on your profit!

Australia Private New Capital Expenditure and Expected Expenditure

Yes, on the sidelines...tried a couple longs the past couple of days, +2 on one and -20 on the other. So they are becoming less reliable. And as you can see, the .8900 level is holding pretty well(40pip bounce already) which is really what I'd like ...

Australia Private New Capital Expenditure and Expected Expenditure

Nope, no shorts for me my friend. Not until we get a close below .8900 and then form a lower high(sell the rallies in a downtrend).

Australia Private New Capital Expenditure and Expected Expenditure

haha...my bad

Australia Private New Capital Expenditure and Expected Expenditure

Wouldn't disagree on that. USD has it's problems that's for sure!

Australia Private New Capital Expenditure and Expected Expenditure

There is just never any follow through on the a/u selling. Had a 45pip drop on news and price is already back up over 50%(30pips). Just makes me very reluctant to believe in shorting aussie imho.

Australia Private New Capital Expenditure and Expected Expenditure

Yeah, it's funny how you get the initial 15-30min of selling after news followed by hours of buying. It happened last night and many times in the past few weeks. Just one of the reasons that keeps me from being bearish on this pair for now.

Australia Private New Capital Expenditure and Expected Expenditure

Yeah, it will be interesting to watch. Yesterday was the first day in a while that bad Aussie data kept a/u down(after a brief rally). So I'll be watching to see how it reacts tonight with the 4hr 200ma, the daily 50ma, and if it can close below ...

Australia Private New Capital Expenditure and Expected Expenditure

And there you go...stopped out for a 20pip loss. Now to see if price can close below the higher timeframe ma's and get below .8900. That would create a new low so I could possibly start looking for a Lower High if we are going to start a downtrend.

Australia Construction Work Done