I'm just happy a/u took out .9200...will take my 50pips and call it a day/week. Have a good weekend all!

Payrolls in U.S. Rose Less Than Forecast; Jobless Rate at 7.3%

AU bottomed out on the pullback last night at .9115 and has gone up 50pips. Won't be surprised to see .9200 taken out and if NFP isn't good, then .9300-50!

It’s NFP – Dollar Buyers Beware!

Interesting how GU, EU, EJ are all down overnight and AU is the only one heading up. Only 50pips away from .9200 now after forming the Quadruple bottom at .9115 heading into Asian session last night.

US dollar strengthens as markets await non farm payrolls tonight

That makes the 3rd time this week we've had bad Aussie news...yet it's still above .9100 after starting the week at .8925. Looks like the retrace is over, it's made a Quadruple bottom at .9115 area. Asian traders are bidding it up to start out the ...

Australian PCI: Construction downturn continues in August

Thanks. The only other advice I can give on this trade, looking back at it now is that I bought near the highs of the day. I typically don't do that....I try to stick with "buy the dips in and uptrend and sell the rallies in a downtrend." Probably ...

Australia International Trade in Goods and Services

I would agree with the new lower double top at .9185ish...we also had a higher double bottom last week at .8890ish. Basically, I think it's starting to form a triangle type pattern.

Australia International Trade in Goods and Services

You were spot on with this call...good job! When price didn't follow through to the upside and basically went sideways, after a couple hours I closed my trade for a 15pip loss. I'll live to fight another day. I've gotten a few messages lately asking ...

Australia International Trade in Goods and Services

I agree. If price can't move above yesterday and today's high within the next hour...I'll most likely just close the trade for whatever small loss/gain I have. Price could consolidate between .9150-9190 awaiting news tomorrow. Have a good night all!

Australia International Trade in Goods and Services

well, there's a bullish 15min and 1hr candle....and that makes Twice this week that Aussie has had bad news and price has rallied! I was a bear early in the week, but price action changed and I'm bullish until we get a lower lower and lower high. ...

Australia International Trade in Goods and Services

The 15min candle that just closed after news release is on the bullish side. Watch this next 15min candle and the close of the 1hr candle...if they close bullish, then you can go long with a s/l just under the .9150(probably about 25-30pips risk if ...

Australia International Trade in Goods and Services

Let price action be your guide! If we can't make a lower lower and lower high...then it's still trending up for the week. Here's what I see...Monday A/U had good news data and price barely went up after release(maybe it was because of the holiday). ...

Australia International Trade in Goods and Services

I wouldn't say that. We have some major news tomorrow and Friday...so it could go either way. Especially on Friday.

Aussie still rallying, gold pulls back

News tonight might be factor...but as long as a/u is putting in higher highs and higher lows...I don't see this weeks rally over yet. .9200 or above still looks like the goal. We had 5 straight days of selling last week...maybe we get 5 straight ...

Aussie still rallying, gold pulls back

And there you go...another 30pip rally in the last 30 minutes...next stop, .9200?(or should I call it a "pause" instead of a stop?)

Australia National Accounts: National Income, Expenditure and Product

Yes, the lack of selling and straight sideways movement leads me to believe it's just pausing before it's next move up. I don't like buying at the highs of the day though, so I must pass. Perhaps a short setup will happen later today for a possible ...

Australia National Accounts: National Income, Expenditure and Product

You know, sometimes knowing when Not to trade is just as important as when to trade. Pairs are acting a little funny today(at least imho)...so taking the day off. Good luck and Happy Trading all!

Euro area GDP up by 0.3%

I was totally being sarcastic.

Euro area GDP up by 0.3%

I'm curious to see if e/u goes up 100pips on the "as expected" GDP data just like a/u went up over 100 on "as expected" GDP.

Euro area GDP up by 0.3%

Well nothing goes down or up forever....last week was a down week. Guess this week the market decided up(at least so far).

Australia National Accounts: National Income, Expenditure and Product

Man, I knew I staying out of shorting A/U was good for a some reason...this pair just went crazy today based on "as expected" news! 112pip rally is the most all week(more than the good news on Monday and Cash rate news yesterday)! It's reached that ...

Australia National Accounts: National Income, Expenditure and Product