I went short when the collection of wicks appeared on the 5m around .6960, 15M chart confirmed, hammer, and head n shoulders.... cruising.

Aussie Pairs

It's putting in the right shoulder, 15M chart, if anyone is interested. Could be ugly for south.

Aussie Pairs

lol, k, let's see how wrong you are the break above is what everyone will be watching for no doubt, but think the Euro bulls may be disappointed on this occasion, given the TA (and maybe I'll have to eat my dollar bias in this set-up for humble ...

EUR/USD flagging south this coming week

If in doubt, stay out. I don't think we will have a clear answer to this until both the Europe and US sessions overlap occurs, at which point, when market is fully liquid, you get the clearest possible reading of genuine undercurrent and trend ...

EUR/USD flagging south this coming week

Agreed guys that the next target if it breaks 1.34170 again (the highest point on it's minor incursions above 1.3400 before being immediately pushed back down again) will be 1.3700. That said, it is also worth noting that each incursion above 1.3400 ...

EUR/USD flagging south this coming week

One of the things of particular interest in these comparative charts, is the way in which the Euro has pushed hard against this ceiling for much longer, even while the Swissy continued lower. The longer this resistance on the Euro goes on, the ...

EUR/USD flagging south this coming week

going south (imo) — 30M chart shows a lovely tweezer candle formation (good wick extension to the upside, one bullish, one bearish, candles side by side, bodies of candles finish in the same place, you can draw a straight line acrosss the top ...

EURUSD a huge buy above 1.2736

interesting.... it's been respecting the trend line with religious fervour so far, the neat row of wick action on the upside of the candles indicates serious price rejection when it hits the line... a clear break above will be another story... this ...

EURUSD a huge buy above 1.2736

Hi Sam, Swing trading (leaving a trade on overnight for several days) can be very profitable, but it also increases the risk profile considerably. Every trader needs to work a method that fits best with their own lifestyle needs and stress tolerance ...

Success stories

Some exercises in developing discipline (this is just like training for any major event). Exercise 1 - You are only allowed one trade per day. You can trade a basket of currencies, but only one trade. Can you sit it out and wait, choose the very ...

Success stories

The difference between winners and losers is just one thing. Discipline. Most traders don't have any. This is (imo) the number 1 reason they fail. Discipline comes from emotional maturity. Youth, ego and emotional immaturity (excitableness) are ...

Success stories

recessionary humour — http://au.youtube.com/watch?v=bNmcf4Y3lGM

Worldwide Recession

Greetings Kent, This below from one of my posts in the AUD/USD thread, sourced from one of the regular Reuters news bulletins uploaded on FF. Please note that the RBA minutes indicated they will NOT intervene again and some believe the AUD may ...

AUD - RBA Forex intervention

Forexisfx — Darlin, when you look at items on a webpage, you need to ask yourself 2 questions. 1. Who is the author? 2. What is their agenda? Answers - 1. The link you posted is from a ficticious author (note there is no detail about the ...

Trading aud/nzd successfully

You need to look at the Yen for an explanation of the EURAUD volatility. The AUD/USD is the happy end of the carry trade. As risk moves in (or out) the EURAUD is on the crispy-fried edge of any move. Bid and ask spreads and buyer willingness to back ...

EUR/AUD

Angela, you raise very salient points. This market is being driven by the 2 perennial favourites, fear and greed. It isn't so much about the economic realities (these will bite as time advances and the hoped for immediate recovery dissipates). In ...

Worldwide Recession

Interesting — 'The conclusion is clearly that further easing of policy can be expected over coming months to take policy to accommodative settings,' said ANZ senior currency strategist Tony Morriss. The market is pricing in a cut of at least ...

AUD/USD

Sinking in early trade, low volume though. If you haven't watched the clip from Imarkets about commercial paper still being tight and what this says about the risk climate still evident in markets across the board, this would be a good time to do so.

AUD/USD

No. In reality, it would matter only if at that very same instant, you wanted to go into cash, which is quite unlikely of course. What you see on paper re profits is what you get. It only becomes an issue when you want to take cash out (in AUD) or ...

Advantages/Disadvantages of a AUD account