I wasn't sure either about an hour ago, but the small risk could be worth the reward.

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I stand corrected, the 1hr chart just retested the .7130 area again and bounced up. If this candle closes at .7140 or above it will be a double bottom, a pin bar, and close above the 50ema. Just might be worth a 15-20pip(stop loss around .7120-25) ...

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charts are starting to look choppy now, not just on Aussie but e/u and g/u too. On Aussie price is staying in that 50pip range since Aussie data came out. Since it's not very clear, I'm still sitting on the sidelines.

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Ine more thing I'd like to comment on...occasionally I get asked if I follow the news or trade fundamentals? Well, the short answer is no. Today is the perfect example, we had good US news and bad AUD news. But where is price??? It rallied 100pups ...

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You know, as I sit here looking at Price Action a few things stick out. 1) After Tuesday's selloff, I mentioned price would pullback to .7130 area...well, wouldn't you know, that's exactly where price dropped tonight after the bad Aussie data and ...

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Man, I've been waiting over a week now for AU to get back up to .7200 area. Guess news tonight wasn't going to do it so far. Maybe this will turn out to be another pullback for a long. Too early to tell or enter a trade. Need to see if .7110 area ...

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No Setups for the short side. And while E/U and G/U may have sold off some after FOMC minutes, the Aussie did NOT selloff at all! The market keeps bidding up the Aussie and it appears we are heading back to .7200 and going to retest the highs from ...

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Well, AU has rallied up 100pips today and met it's normal ADR. Could be a short opportunity setting up around .7170-80 area good for 30pips. We shall see! Be careful, FOMC news later today and price can do anything(especially stop hunt in both ...

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Well, we are at .7140 now on Aussie...60pips higher from that .7080 area I mentioned yesterday. You can't go wrong trading Price Action! p.s. you can pretty much ignore most news releases....today is a great example. Good USD news and you'd think ...

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Here's a chart to go along with my above posts.

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Thank you Buster, that's my goal...to get traders to read the charts for themselves and be profitable. I don't want to be a buy/sell signal caller. Speaking of price movements, Aussie just reached .7130 as expected.

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Looks like we got another higher low on the 1hr chart. This past Friday AU had a low of .7060. Today during the US session and tonight during early Asian Aussie has bounced up from the .7080 area to back above .7100 both times. 1hr chart just gave a ...

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All of last week .7070 area was the support level...price always bounced back up above .7100 from there. Today the same thing, from .7080 back above .7100 now. Now we see what price wants to do. I'm thinking it should retest .7130 area and then ...

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Well, I hope there were some smarter people than me out there today! Hindsight is 20/20 and I missed this short setup on the 1hr chart: 1) Price formed a Triple Top around .7180(orange circles). 2) We had a couple candle stick patterns(railroad ...

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Looks like AU has dropped it's ADR(100pips) for today...hopefully something will set up.

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We are currently getting a nice pullback to the 1hr uptrend line. I would not go long right now, need to wait for a confluence of events to signal long. Price may even go below and then close back above like it has previously. Or price may close ...

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Here's my reasoning for "Buying the Dips" on Aussie being the best opportunity for a winning trade: 1) You can see with the attached 4hr chart that ever since the triple bottom back in the middle of January, we have been making Higher Lows on each ...

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well, we never quite reached 30pips for a pull back(which means not many sellers/still lots of buyers)....so I only took 10pips profit. However, I did just get 30 on a long trade thanks to the RBA policy minutes! . Still looks like highest winning ...

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overall I'm still bullish Aussie, but looks like on the 1hr chart we may have a short opportunity from .7155 area for 30pips or so.

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Thanks Buster, glad to have you back. Hope you're making lots of pips!

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