1.0560 level is getting very interesting. Break will send it higher to 1.0600 test. right now, rejected at 1.0560 level 2x. But NY isnt open yet. so wait for equity rally/selloff for direction. I gamble equity will be a rally. However, there is that ...

AUD/USD

Elevator Is Going Up 1. Everybody loves Hope 2. Earning Season very positive 3. Nobody loves USD 4. QE3 5. So much market shorts on AUDUSD = more rally

AUD/USD

market is waiting for Greece IIF talk. Atmosphere is hopeful like always. Was there RRR cut from China? that should be bullish AUD too.. and compound with possible US QE3 we coul easily see 1.07

AUD/USD

Hate to see how I got stopped out on my Long yesterday. I was thinking it would be bullish as market isnt as pessimistic on the employment data and the trend was bullish. My problem is the choice of Stop. I set it above the bottom of the news spike ...

AUD/USD

ahhh got it.. So China in Recession: PMI < 50, GDP > 8% USA not in Recession: ISM > 60, GDP ~ 3% Europe NOT in recession: PMI improving (albeit negative), GDP negative anyways market is selling EURAUD and EURUSD Not necessarily selling AUDUSD.

AUD/USD

I am curious: When you say "Long Term", what do you mean? a) do you mean to use Longer Time Frame? ie, at least H4, D1? b) do you mean to make trades that will last at least a day? this implies a target of 400+ pips and a stoploss of at least ...

Long Term CICR (Cross index currency referance) trading

i disagree that china is in recession. Recession means negative GDP. Below 50 PMI means slowing down of economy and not recession. as an analogy, you are driving a car at 50KPH. You applied brake and naturally car will slowdown with speed below ...

AUD/USD

another Dump the USD day

AUD/USD

"Its not that bad. Economy is contracting (below 50), but not so much." "Soft Landing."

AUD/USD

EURUSD hit its target. AUDUSD is near top of triangle channel: image If USD where to recover today, it will sold off EURUSD, AUDUSD. Thats a big IF. The reverse is true. If it breaks up, it will be bloody. What is holding USD down is its weakness ...

AUD/USD

FXCM/DailyFX According to DailyFX people, it is based on people's position regardless of lot sizes - just positions.

AUD/USD

I agree... But we are at the top at the moment. Will go Long once we get to the entry level BTW. AUDx is exhausted after peaking last Tuesday.

AUD/USD

I planned to short @ 1.0425 after a failure to break through 1.0440.. It went up to 1.04235 ... Now I am waiting @ 1.0410 I am not comfortable shorting though.. there are too many retails short AUDUSD.

AUD/USD

maybe there are some groups who wanna screw australia by appreciating the currency then shorting it at high level. this is exactly what happened in asia financial crisis in 1997. Malaysia claimed Soros was responsible for appreciating Asia ...

AUD/USD

i have heard since 2010 that AUD is overvalued and should be worth 0.90 only. yet this is shooting beyond parity, beyond 1.1000 and wanting to be parity with EUR even. though i am bearish on AUDUSD, i have not made money shorting this pair at all. ...

AUD/USD

Rocket, and to all who are short AUDUSD right now, Why are you short? a. was it because of bad employment data? b. was it because it failed to break higher hitting a brick wall 1.0430? c. was it because of profit taking?

AUD/USD

i am wanting to short AUDUSD as AUDX is falling. But USDX. is weak as well. SHORT AUDUSD wpnt give much run.

Long Term CICR (Cross index currency referance) trading

im reeading em through 4H charts

Long Term CICR (Cross index currency referance) trading

Comments on AUD employment is bearish in spite of the fact that the decrease was in Part Time jobs -50k vs +30k fulltime. Secondly, Unemployment improved. Thirdly, previous Unemployment was revised lower (better) as well. But, it was mentioned, that ...

AUD/USD