A lot depends on your targets.If I were an intraday trader which Im not, I wouldnt touch this pair with a shitty stick. However if you trade long term over months why on earth would you not see this pair as a bargain? Same goes for UJ, ChJ Etc. ...

AUD/USD

My net long is in the red but thats not a problem.I just keep adding in at these lower levels then close the green trades in the position on every rally up. That together with the positive swap means my actual balance just keeps growing.If it starts ...

AUD/USD

Wouldn't be surprised if we're back to 8655 within the next 12 hrs leaving the shenanigans of the last couple of days looking like one mean bear trap. image

AUD/USD

Been here before yonks ago.Didnt even hold it to 1.0. and didnt even realise back then how much my broker was adding to my account just by me being in the trade.I started to short that pair a 1.07 and bottled it, especially when I realised how much ...

Cable Update (GBPUSD)

I see where you're coming from but the swap is just too attractive on AU. My brokers paying my grocery bill at the moment on that pair! LOL!

Cable Update (GBPUSD)

How do Del !

Cable Update (GBPUSD)

Apart from that mate! US got rid of theirs about 150yrs ago!

Cable Update (GBPUSD)

You may be right but I'm not sure. You know theres no way AUD should be so weak.They literally have stuff coming out of the ground!Generally the same stuff as the US is trying to sell

Cable Update (GBPUSD)

Hello everyone. Been a while but I'm now looking at getting back on this monkey for the ride up.I shorted this back in June/July but dropped a bollock taking all my profit at 1.67x. Lost my way then and went onto some other pairs. I'm now seeing ...

Cable Update (GBPUSD)

IF its going to move up it will probably depend on where the stops are placed.Don't forget the blokes in the pit can see both sides of the order book!

AUD/USD

Thats partly why its still dropping

AUD/USD

Be careful. I believe that this is what is happening and am building a long position.I also realise this may not be the case.When at this stage I keep a close eye on my margin and NEVER let it fall below 50%. If things start to go tits up I'm not ...

AUD/USD

Absolutely.Thats the whole point.Fuel the move.

AUD/USD

Like I said, bear trap ? IF it is a bear trap,thats what they do. RBA "Aud overpriced", All the big houses calling metal junk, funds screaming USD only safe haven Bla Bla Bla. Then you get the big funds putting out releases like this.Soon after ...

AUD/USD

That release was 27 June. I had already started building my short.As soon as I read that it was time to ramp it up.They set up a bull trap the next 2/3 days.What a bargain !

AUD/USD

Bear trap?

AUD/USD

So Citi are being kind enough to let us in on their trades? This was a Credit Suisse signal back end of June.We all know what happened then. "We stay bullish for a break above 1.7063 to test 1.7118 next, then our core medium-term target at 1.7332." ...

AUD/USD

This was issued right at the end of June.Have a quick look at the daily chart on cable! LOL "We stay bullish for a break above 1.7063 to test 1.7118 next, then our core medium-term target at 1.7332." Credit Suisse GBPUSD has rallied to retest the ...

Oppositional thinking on demand and supply

To be fair, the retracement on the monthly is pretty incidental. It's more the possible accumulation that has me interested.Theres a lot of other stuff as well.RBA saying that AUD is over-priced should have you thinking about buying for a start!! ...

Oppositional thinking on demand and supply

Be careful though.Positive swap isn't always an indication of direction (not unless you've got huge pockets!).Gbp/Nzd right now is a perfect example

Oppositional thinking on demand and supply