I think a retrace this evening is quite possible and I'm contemplating a move on AJ. But all bets are off by NFP. I think we may be near a short term dollar oversold mark. If a high jobs number comes in and reaffirms that the Fed is done, we could ...

Aussie Pairs

Could've sworn ODL Prime's minimum was $100k. I spoke with them directly over the summer. Their monthly volume minimum of $250MM was a bit high for my strategies. I'm not familiar with ODL Ariel and their website doesn't have a section for it ...

THE ECN room.

Dutch, Did you see our friend's view on AU over at dailyfx? Some of his EWT calls are lousy, but he nailed the EU and UJ recently.

Aussie Pairs

Well you have to take into account the 600 pip rally over the past 8 sessions. That's a lot of hot money momentum taking out stops and leveraging up, when the trend turns, those traders are going to head for the exits fast. NU and NJ are being hit ...

Aussie Pairs

Long for a 50% retrace, 300 was a big drop for one day, even given its hectic 8 day 800 pip rally.

Aussie Pairs

And a whopping 300 pips off AJ today, tempting...

Aussie Pairs

If I were long since last week like I should have been, I'd be taking profits. With the Dow down 250 and UJ back below 115, and the rest of the currencies in all-time high nosebleed territory, I'm not a bargain hunter yet. I am (should have been) a ...

Aussie Pairs

That level marks the monthly pivot. We'll probably see reasonable support there.

Aussie Pairs

Something that caught my eye today was noticing the retail position bias on AU. It's the first time I've ever seen a majority of retail on the right side of the trade. Granted, I haven't been monitoring the ratios for very long, but for the other ...

Aussie Pairs

Well, it depends on your definition of "decouple". Since we know that every yen cross is the product of the major * UJ, the yen crosses are never literally decoupled from UJ. In terms of % returns, then yes, they are far decoupled from UJ, because ...

When will we see the next Carry Unwind?

USD/JPY is "only" at 115.40 and slowly rising. If the dollar continues to regain strength against the yen, while losing strength against the rest of the world, the foreign yen crosses may have a good deal of appreciation left. GBP/JPY and NZD/JPY ...

When will we see the next Carry Unwind?

There you have it. Nice headfake to 9205 before the rally 10 minutes later to 9307. AJ approaching its June high, up 800 pips since 10/23, wow...

Aussie Pairs

Still bullish but no position (never bit the bullet last week...). I don't see any reason to get bearish on AU or AJ at this point (especially the latter given UJ's bounce off of 114). BOJ was a snoozefest, perhaps we'll get a better reaction from ...

Aussie Pairs

The way the list is currently presented, there is no differentiation between ECN platforms (Currenex, FXall, etc), introducing brokers (propfx, and several that Moe posted) and retail ECN brokers (InteractiveBrokers, Dukascopy, EFX, etc). Perhaps ...

THE ECN room.

Looks like that price might be a few more days out lol. Negative pressure on U/J seems to have subsided with that rate cut rumor yesterday. I'm showing early indications of a possible buy signal on U/J, which would send A/J back up to its 107 highs. ...

Aussie Pairs

:: ..... What fib level are you seeing at 103.23?

Aussie Pairs

Steviet, Been hearing too much about your journal on other posts and had to come take a look, great trades! Question, since you're scalping G/J pretty actively, have you considered trading a non-fixed spread? 8 pips is a lot to hand over with every ...

Steviet's Live Trades!

Are you in?

Aussie Pairs

True on the fundamentals, but I'm not sure if we'll get another chance at 99. This could easily be 103 tomorrow. I hate to get in at this price, considering it's up 180 pips in 12 hours, kicking myself on that 61.8 fib opportunity..

Aussie Pairs

Right, it bounced right off of the 61.8 fib at 99.40 earlier this morning, which was my target initially for entry. I wasn't around when it happened, I should have had a buy stop in place.. easy 140 pips left on the table.. Right below that price is ...

Aussie Pairs