Next stop on this free fall 8753. Assuming a breakout to the downside in the little triangle formation on M15 chart... Would be interesting if it broke out upward, but I think I'd resist temptation to go long on this one...

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Hourly chart just shows a free-fall. I think it will need to hit some serious support to make another run up. I think I'd need to see a SuperBull candle to make me go long again. For now, will be picking short opportunities on pull-backs...

AUD/USD

And as we speak, I'm short again as well.... Definitely indecision. Can't wait to till it makes up it's mind which way it wants to go

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I'll be watching if it can make it up to 8791 and 8803, and if so how it reacts to those levels, as that should be an indicator as to whether it will make another run for the top of the range, or continue down...

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Okay, but did you lose sleep because no one listened to you? Okay, no offense to you, but I couldn't resist... Happy trading

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Are you trying to get ignored? I'm long right now on this little bounce, and will go short if it turns around, while you are sitting there laughing...

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Bouncing a title more than I thought it would around DP. I'm closing shorts, and will reassess...

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Bears took out that last little bounce low by making it go lower. This new recent "low" gives me confidence to hold for further downside. I don't think enough bulls left in the game right now to push it up too much... Next area for potential bounce ...

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Hmm... Well I haven't kept track since I started using my current method. But success rate is not really that important. R:R is key. For example. One trade with a 1:10 R:R can make you profitable even if you lost 9 trades before that, as long as you ...

AUD/USD

I got it together, but none of it makes any sense

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Perhaps, but indicators lag. So, I'll be in and out before any indicator indicates anything

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Yes typo. Thanks - should be 88077 and 88005, so 7.2 pips SL

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Thanks for sharing. But I don't use any indicators, as I don't feel they tell anything. Price can always change direction. It does not obey any indicator. Can always become even MORE oversold, or even MORE overbought.

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SL .880777 Entry .880005 So, actually 7.65 pips. I didn't do the math just eyed it. But thanks for making me actually do the math Also added a couple more positions at 10 pips SL or better.

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Also, 4 H1 bearish candles in a row. Haven't seen this in 3 days. I think it might be going down. No?

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My SL is 5 pips. Potential 80-100 pips gain. I like that R:R... 8803 is the turning point. If I'm wrong and 8803 gets broken again, then I'll see what change to make in trading direction...

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From 8803, I think we'll see an 80-100 pip drop... The range is so clearly defined now, and time for everyone to get comfortable. Then as soon as everyone settles in. BOOM! break out

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8803 is good level to go short on now that it fell through, should go back up and touch it again...

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I like the upper trend line. But I'd draw the bottom trend to cover the same time period, otherwise it could be misleading, giving the wrong bias. Again, just my opinion

AUD/USD