Well, unless there is a late day selloff, that's going to be an ugly daily pinbar candle which would support longs. Although, it's hitting resistance at .9000 area. Found support at .8930are today which if you look left on the charts was a major ...

US Dollar Coming Up Against Key Support- Lower High in Place for AUD?

Hedging is one way to do it, good job if it works for you. I know others struggle with that method...not to mention you can't hedge in the US anymore.

US Dollar Coming Up Against Key Support- Lower High in Place for AUD?

How many people are trapped short a/u?

US Dollar Coming Up Against Key Support- Lower High in Place for AUD?

Regarding A/U...if today's daily candle can close around .8940 and the 1hr chart can close below .8900, then I'll start believing that the downtrend has resumed. Patiently waiting for some clearer signals at the moment. We had a one hit wonder in ...

US Dollar Coming Up Against Key Support- Lower High in Place for AUD?

After the big drop last night(2hrs...103pips), we've had 13hrs of a slow grind back up 43pips. I have no "confluence" or reasons to trade either way at the moment. Make that 14hrs and 60pips up from the lows. Where did all the sellers go?

Australia Labour Force

Selling e/u 1.3670 again, just like earlier in the week. Looking for .13600-20 and s/l just above .13700.

Retail sales drop unexpectedly in January

I prefer taking my signals from the 1hr chart, so it takes time to develop. Sometimes I miss trades, but I'm ok with that. I prefer taking the higher probability setups and skipping the "gambling" ones. Cheers!

Australia Labour Force

I know you were looking for .8600, maybe changed to .8700...but it's not halfway yet. It only dropped 140pips from it's recent highs and still has 250pips to go from it's current level just to reach .8700(350pips for .8600)...I don't call that half ...

Australia Labour Force

Same here, looks like frx trader may get a little relief. I was sitting on the sidelines since I had a long bias, but didn't really feel like getting in before major news....but I'd like to see some type of move up to form a Lower High before I sell ...

Australia Labour Force

I still can't see it going to .86 or .87 anytime soon. It would take weeks imho unless some unexpected RBA statement came out calling for .8500 level again. It does look like a/u hit some resistance today....but it's going to have to close below ...

China trade balance for January: $ 31.9bn (vs. expected +$23.45bn)

Oh, I agree. I like to have 4 or more reasons to enter a trade and at least a 1:2 risk/reward ratio. And as you say, it's a probability game...prices won't go up or down forever, we'll definitely get a correction on a/u at some point.

China trade balance for January: $ 31.9bn (vs. expected +$23.45bn)

Thanks...but I still feel for you if a/u continues up to .91xx. If there is one thing I could teach to new trades who join FF, it's that you need to accept when you are wrong and take small losses when you are starting out. I'm sure you have a good ...

China trade balance for January: $ 31.9bn (vs. expected +$23.45bn)

Best wishes to you both.

China trade balance for January: $ 31.9bn (vs. expected +$23.45bn)

Actually, you really don't have a clue about my trading style. If you do, then feel free to tell everyone exactly how I trade. As for the news...the news releases are just there to get price moving. It always wise to know when the more important ...

China trade balance for January: $ 31.9bn (vs. expected +$23.45bn)

I don't know how high it can keep going, but I do know I won't be selling as long as it keeps making higher highs and higher lows....the current trend is up(short-medium term). Goodluck to those who short.

China trade balance for January: $ 31.9bn (vs. expected +$23.45bn)

All I can think about is poor poor frx trader. He's been saying it was going to drop since last week and that he was looking for .8600. Couple days ago he mentions that news will bring it down. Well, so far this week Aussie news made it rally, ...

China trade balance for January: $ 31.9bn (vs. expected +$23.45bn)

I see we are back at the highs for today...only 65pips away from .9100. News last night didn't help, Yellen isn't helping...RBA didn't help last week. So what exactly is going to help A/U go short down to .8600 that you are seeking? I don't see ...

AUD, EUR, GBP all higher… Japan markets closed so liquidity is lacking

Based on what?

Yellen Says Recovery in Labor Market Is ‘Far From Complete’

I really hope you don't stay stuck in your view of .8600 on a/u...I fear you are going to take a big loss. Last week you told us that you were prepared if a/u went to .9000 or .9100, it's almost there! I also asked you what you would do if it got ...

AUD, EUR, GBP all higher… Japan markets closed so liquidity is lacking

E/U looks like a possible short right now(1.3670) with a stop just above 1.3700 and target around 1.3600-20.

Intraday Outlooks For EUR/USD, USD/JPY, AUD/USD, USD/CAD - SEB