I am just amazed at the devotion to technical charts... In the end, Gold is inverse of USD strength. The big test for gold is on the NFP results due tonight. Just do a buy / sell stop around that release... Basically, 2 good NFP reports are needed ...

All Majors and Gold

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AUD/USD

Just shows how fickle the market can be. I think the statement's dovish - so the markets should push aud down. It goes back up. Or it shows my lack of knowledge

AUD/USD

AUD might get smashed in the US session. The statement is dovish.

AUD/USD

Wouldn't you do a sell stop or a buy stop instead?

AUD/USD

Ok... I am interested in astrology. But, I do take it with a grain of salt.... However, this dude has been quite good in the past. He talked about the depression before 2008 and I had read about it on his website then! And didn't take any decisions ...

Planetary Cycles Trading (EUR/USD)

Good analysis. I think china is spooked. Pboc did say 6-7 percent growth. So, the softening is in play. How much, I don't know. They are also relaxing the one child policy to push growth.

AUD/USD

Actually, I am giving up for other reasons as well. The buy stop / sell stop works as a strategy. It can be fine tuned to be a consistent winner. But, my nerves and confidence are shot. Plus, I have a family. The work/life balance in forex isn't ...

Still losing

Oh yeah, it feels reckless at the end. But, you have to understand, I was in profits for a month until the error on eurusd. And see, that was an error. I had clear advice that EURUSD was going to head down to 1.085 by dec (told to me in sep). But, a ...

Still losing

I really like Bill Evans. Last year, he predicted the interest rate cuts in early 2015 before other economists. And this isn't the first time. You can read his high quality analysis below. It's excellent. Plus, he updates it weekly. Highly ...

AUD/USD

I agree that it can be done. But, I am choosing to quit completely, after losses. Just not worth as a work/life balance besides the losses. I used to do a job (currently unemployed) - and when I used to finish the job, I left my desk and promptly ...

AUD/USD

Totally agree. Aud has been stuck in an upper range. Australia's labour numbers are considered good with 6.2 percent unemployment, whereas for USA 5.1 percent and stabilising is bad. Go figure. Roy Hill is about to bring in another 55 MTA of iron ...

AUD/USD

Hindsight.. Yes. Look, I wasn't pointing at you individually. I've just made losses in forex, despite knowing good long term trends. I am just railing against the short term views peddled on this forum. I have quit forex for good. I just think on a ...

AUD/USD

At the start of 2015, the rates were around 80 cents when RBA first cut. Then it dropped to 75 cents around the 2nd quarter. Then, it jumped right back up to 80 cents. Then it started dropping back to 75 cents and then dropped to below 70 cents ...

AUD/USD

All this is false supports. I am calling a nov rate cut by RBA. At worst, they hold, but go dovish in the statement. And they will end up with a lot of pressure all the way to dec/jan. Expect a big drop when they cut.

AUD/USD

Expect a pullback when US GDP numbers come out.

EURUSD

I was going to demo! The broker convinced me that I can make a profit. And deposit some good money. And I am speechless too for being in this position! I tried trading on FOMC day. My confidence is completely shot though, and even though I had a ...

Still losing

actually I change my mind. The interest rate cut is locked in 60-40 for nov on first instinct. The RBA is targeting inflation of 2-3 percent annually. The underlying inflation means if dec quarter comes out even below average, the RBA will have to ...

AUD/USD

now, i think it's too close to call on nov interest rate cut.

AUD/USD

I am shit at trading. But, I did call it.

AUD/USD