I prefer keep things simple. I'm buying dips on a/u. In order to have a dip, we need price to drop. So yes, you are broadly correct.

AUD/USD – Steadies Below Key 0.93 Level

Don't have any regrets, you were practicing good discipline. If you had gone long at .9250 and then price went down to .9200 would you have gotten mad, taken a loss, or added on to losing trade? You might have missed some pips by not taking to ...

AUD/USD – Steadies Below Key 0.93 Level

Sorry Crow, but it looks like you are trying to quote me from a few days ago...but as I said, my techincals didn't say to go short. Instead they said long..and what has price been doing this week? Going up! I even posted my trade on another thread. ...

Australian business conditions hit four-year high: NAB

Actually, my pip 50 target just got hit thanks to that US (poor)data spike.

AUD/USD – Steadies Below Key 0.93 Level

All I know is that price action said I should buy a/u around. 9240-50 a couple days ago...seems to be working out just fine.

AUD/USD – Steadies Below Key 0.93 Level

Same could be said about the bad Aussie jobs data from last week...no follow through on the selling. We've pretty much been flat no matter what the news has been. Sure does make for some boring trading.

Australian business conditions hit four-year high: NAB

There has definitely been a slow down in upside momentum. And .9200 is the level I need to see price close below before I think about shorting. Time will tell. Cheers!

AUD/USD – Steadies Below Key 0.93 Level

Let me know when the Daily chart closes below .9200. I'll stick with my long at .9250 for now with a tight stop around .9240.

Australian business conditions hit four-year high: NAB

Hhhhmm...I see to recall someone about 15hrs ago saying they wanted to see Aussie pullback to .9240-50 area before going long.

Australian business conditions hit four-year high: NAB

I think the Market Makers have baited a lot of people into thinking short. There's no reason(technically or fundamentally) the USD should strengthen against the Aussie.

AUD/USD – Steadies Below Key 0.93 Level

Well, I was looking for a better dip to buy A/U...a pullback to the .9240-50 area to retest last weeks lows would be nice. Seems price has stalled at .9260...hopefully we'll get one more move down and some type of reversal setup. Happy Trading!

Is it time for Wall St. to issue a correction?

It's not going to happen as long as Yellen is keeping interest rates where they are(artificially inflating the stock market). Maybe you'll get your correction in 2015...Maybe! On a side note, time to sell the USD again...no reason to own it right ...

Is it time for Wall St. to issue a correction?

As predicted, no Aussie selloff today.

How to Trade a Double Bottom in Forex

I rarely enter new trades on Friday.

How to Trade a Double Bottom in Forex

Agree with both posts above!

Misfiring Australian Economy Brings Rate Cut Closer

I'd like to add in there A/U as well. The low of the week has been formed, we retested May & June lows around .9230, oversold conditions, and the general lack of follow through of selling on Bad Aussie data and Good US data all point to price ...

Russia seeking to de-escalate Ukraine conflict: RIA

Take a look at the A/U Daily chart...you had a bounce off .9200 area on May 2. You also had strong support around .9200-9230 from May 20th-June 3rd. Now you have a bounce off .9238 today. Combine that with the fact we had a 1 day wonder selloff of ...

How to Trade a Double Bottom in Forex

Sorry it took so long to reply, I've been rather busy today. I must say, that's pretty impressive to trade 500 lots...you must work for a hedge fund or bank. hehe I agree with you, AU went nowhere during US session today...I actually exited my ...

Australia Labour Force

I jumped in a little early around .9285 last night...but I can see the bottom has formed more clearly now at .9260(7 hrs...7 1hr candles that have been rejected there). Now price is moving back up. Not to mention A/U has put in it's more "normal" ...

Australia Labour Force

I won't be around for the US session today so I leave all those pips for you guys to get! Happy Trading!

Australia Labour Force