Momentum is down, but I think we might see some consolidation foe awhile. I'd stay out for mow.

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Still got that 1:1 short trade in AUDCAD. Just opened a separate trade with much less risk at play. Same pair, same direction, only this one is a 1:20 trade.

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Lately, I guess. Didn't like it too much when it decided to waste my time in that pullback that lasted 2 weeks! They are all the same, though. Sometimes a certain pair is giving me a clearer picture. Taking this latest short in AUDCAD seemed like a ...

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Taking a short here.

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Thanks buddy! Going long here.

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Just got out early at 1.1140. When market goes this close to the target as fast as it has, if it stalls at all I get out.

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AUDCAD short finally hit the target today. Now going short AUDNZD. STOP, ENTRY, TARGET on chart.

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It hit me today as I was pondering things; it makes sense to go for 1:1 trades, statistically speaking. I am "quite sure" that AUDCAD will travel to a target of 2X the risk I have on this trade. Let's say I'm 85% sure that will happen. But when I ...

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As usual, big news day ends with big volatility, but goes nowhere! It seems the big moves always come after the market has had time to digest the news. With this said, I must evolve right now. I must force myself to only go for targets that = my ...

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Looking like a perfect forecast! Outstanding! Market trying to take out everybody before the big drop. I think they got most of them. Not us though....

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I guess we're waiting for FOMC then. Trading will make you a patient person.

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Interesting! Thanks for the link.

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No, I haven't. I'm not sure it really represents the true volume in forex. I could be wrong about that though. I think it is pretty easy to spot volume/power by simply looking at the chart. It's important to view all timeframes to keep things in ...

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I don't think so, but I didn't think it would go this far!. It turned at a great spot, and I see power from bears. I think it has finally hit the top.

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That is good, bodring! Now the next question to ask yourself is "where should price NOT go?. Where is the closest point at which stops were already taken out, thereby making it a place not worth going to. This will be your stop. Once that is ...

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This is going to be a big move down. Yes, it keeps inching higher, but this is the type of price action we see in a weak move. 0.9585 is still the stop. If it goes there I will have to say I was wrong, but this has all the markings of a huge fall. ...

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Yeah, I really do. It is snowballing on the weekly. AUDCAD looks like a nasty drop is just underway, and USDCAD looks like it might head a little higher. This means AUDUSD would need to fall hard, and I definitely see that possibility in the AUDUSD ...

AUD/USD

The whole thing with the "smart money" or "big players" theory is just used to try and make sense of why the market does what it does. Maybe it has to do more with the market just goes where the orders are. If you wanted to sell 5 billion of AUDCAD, ...

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I didn't think there would actually be buyers after the breakdown last week, but apparently there still were. This might nudge just a bit higher or it might be done. Either way we will be making new lows soon, I believe.

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