Price Action can do funny things at times. But it always gives you subtle hints to be profitable too. 1) My number one rule is to trade with the trend, if give you the highest odds of a winning trade. You can make money counter trend trading too, ...

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Indeed it does. What's interesting is that with the bad Auusie data last week, bad data this week, and the one Australian gentleman saying he'd be comfortable with Aussie near .6500...the only thing Aussie does is have a short term selloff with ...

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Neither much of a bounce higher nor can price stay below the 1hr 200ma and/or .7150(still lots of support).

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Might get another chance to see how strong support is at .7150 area. If it goes below yesterday's Daily pinbar, that would invalidate it.

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Nice Dab! I am impressed with your trade/money management skills! Keep up the great work. Looks like we have a little pull back right now. Hopefully it will be further for you. And I'd like to see it near the bottom of the up channel.

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Well, with the Higher High made Monday-Tuesday...and the subsequent dip down to .7150 which looks like a Higher Low and the 60pip rally from the 1hr chart 200ma, it appears the midterm up trend is still in full swing as price is still contained ...

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Just documenting what I'm seeing on the charts...gives you an idea of what I look for. Just want to be clear, I would not take a long up around .7170-80 because the stoploss would be too big(over 40pips). Also, I would wait until 1hr candle close to ...

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Buyers have finally stepped in around .7150 on Aussie...that might be our bottom for today. Nice 40pip bounce from today's lows

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Price is in a bit of a no trade area for me, the 4hr and 1hr charts attached give you an idea why. We are basically in the middle of an upchannel trend on the 1hr(.7250 area was the top of it which could explain the drop yesterday/overnight). I'd ...

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Im with you, thought .7200 and maybe .7180. But it didn't fight much to go down so quick. Congrats on you pips, well done!

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Yep, good choice as price has dropped even further. Something just didn't look right earlier. There wasn't that normal bidding back up of price we saw on Friday and Yesterday.

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Those are some pretty good short entries, nice job dab!!! As for longs, if anyone tried longing at .7200 and you aren't out by now...I'd consider taking a 5-10pip loss. Doesn't look like much movement and I'm sure there will be a better setup to ...

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I don't use fibs, but thank you for posting. I'm sure others do use them and like looking at what you have. I long near .7200 with a small 20pip or so stoploss is a decent risk/reward imho if price goes back up to retest the highs(or at least ...

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Well, here's the .7200 area I was hoping to see last night. See how price reacts around here. And if anyone took a short around .7230-40 when I posted that M pattern chart...Congrats on your pips!

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I would agree with the .7300 area. Every time I've seen aussie dip today it's bid right back up and usually slightly higher. Current 1hr candle just dipped to .7230 and already back up to .7245 with a long wick/tail on it. 15 more minutes until ...

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