Yep, me too on GBPAUD, closed my long too soon, but still an okay profit. I should have kept my eyes on the bigger picture, i.e. H4 chart as posted above, and realized it would head to the top of that pretty bull flag formation, and matching S/R ...

AUD/USD

Yes, and I see candlesticks in my sleep

AUD/USD

I certainly don't pay attention to it. The only thing I'm weary of are spikes caused by all the traders that do trade by it. It's been my experience that the price tells the whole story (aside from the meaningless spikes). If a big move does ...

AUD/USD

Also, watch GBPAUD and AUDCHF. One moves opposite, the other in same direction as AUDUSD (generally speaking). When they are all hovering at S/R levels, it becomes apparent, what the next move is. GBPAUD hitting upward trend line, and horizontal ...

AUD/USD

I agree, in fact I believe only safe positions right now are longs. Extremely low risk, and high R:R ratio as well...

AUD/USD

AUDUSD downward move today, including gap is not even 120 pips. Not a very decisive move considering the gap head start of 45 pips. So, from weekly open, only moved 70-80 pips. Nothing to write home about. Remember, we are still in a range. I will ...

AUD/USD

Actually, I don't recall you saying anything, just posted a chart. Sometimes it helps to also express your view.

AUD/USD

Thank you for this valuable post. I feel a little dumb that I didn't look this up before

AUD/USD

Awesome. And all this time, I could have just pointed to xe.com to prove my analysis was correct

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thank you and appreciate your insightful contributions as well...

AUD/USD

I would venture to say yes, if price is near bottom of the range around 87, then a strong bull move at some point would seem likely, and would look for bullish reversal signs around there...

AUD/USD

indeed. I believe the purpose of this thread is to post views/analysis of the AUDUSD pair. If we were to all simply "wait for it" then nobody would be posting anything? Or am I missing something?

AUD/USD

Some very interesting posts, and different views... At any rate, I'm sure there are a lot of successful traders here, with different approaches, and I respect that. For me, the chart tells me everything I need to know. Currently, AUDUSD is in a very ...

AUD/USD

Also, to clarify what I meant: trading with majority of traders = loss trading with majority of "money" = win Only the price action can tell you where the major, i.e. big money is trading...

AUD/USD

See my other comment, as I believe it answers this question. It is good to trade in the same direction as the majority, as that is where you will see the decisive moves...

AUD/USD

Look for the decisive moves in the price action. That will tell you what most traders are doing, and trade with them. If you have decisive moves in both directions, then it is still in a range - trade accordingly...

AUD/USD

Here's a thought. If statistically speaking, most traders lose money... Why would you base your decisions on what you think most traders are doing?

AUD/USD

I like this post Also, to clarify my leaning towards another swing low, because price is still on a downward move from the prior high, and will remain so, until it establishes itself above the 50% retracement level of that move. If it ...

AUD/USD

Well, allow me to respectfully show you a BIGGER picture If it breaks out down, and hits 87ish area, it would still be in an upward moving channel. Also, I admit it could go either way, as already posted, so not sure what there is to "disagree" ...

AUD/USD

I would not be interested in any long trades on this pair until I see a bottom on the pull-back from the recent upswing. Also, tight consolidation right now, so wouldn't seem worth trading with a 20-30 pip target, unless you're into that sort of ...

AUD/USD