I was looking at that...does seem like a triangle forming. For my personal trading style, I still think selling is the highest probability of a winning trade. For now, we are stuck below .9300 and above .9200. Cheers!

Australian National Accounts: National Income, Expenditure and Product

The trend has been the same for a few weeks now...Any Good Aussie or China news has only caused a temporary spike up on A/U...no follow through buying. And then selling usually to pre-news levels or below. Any Bad Aussie or China data has produced ...

Australian National Accounts: National Income, Expenditure and Product

Good comments on here...glad to see a thread where there's no arguing or fighting on different opinions. For those who went long, hope you took some profits...if not, don't let a winner turn into a loser. Trade smart!

RBA Statement on Monetary Policy

Give the market some time...it will let you know which way to trade. You have some good support at .9200-20 area and resistance around .9300-30 levels. No point of gambling with your money here at .9250 area imho.

RBA Statement on Monetary Policy

I won't disagree with anything in your above post...the US is just a mess plain and simple. But speaking just on a forex market note...nothing goes up or down forever, it moves in cycles...I just think with all the USD selling that happened at the ...

Dollar is Bid to Start New Week and Month

Well, based on the daily chart...I'm seeing short. A/U reached a peak on April 10th...then between May 8-18th it retested the .9400 area and dropped back down(Making a Lower High. Then on this past Thursday it rallied back up...made a Doji candle on ...

Dollar is Bid to Start New Week and Month

Who are you asking? I can say it with a straight face if needed...the data numbers don't mean much to me. Market cycles and price action do. If data numbers mattered, euro should have never went up near 1.4000.

Dollar is Bid to Start New Week and Month

Define long term...daily, weekly, monthly, yearly?

Dollar is Bid to Start New Week and Month

You'll see it be "firmer" most of the the summer...just a new market cycle, but I doubt it will be that strong. Regarding the A/U...last Thursday was just a one day wonder rally that produced another lower high on the daily chart. No follow through ...

Dollar is Bid to Start New Week and Month

Looks like we had our first leg down...nice sideways movement now in a narrow range. Let's see if the US session gives us our second leg down now.

Australia Business Indicators

Also interesting to see another beautiful example of why trading techincals is more profitable than fundamentals imho. As others and myself have said before...ignore news numbers and pay attention to how the market reacts to the data. We had better ...

Australia Business Indicators

I'm not sure if you're including me in the statement since I never said 1.4200. But I do laugh at all the Banks, not just BofA. Their track records, at least their FF track records are pretty bad. Are they wrong 100% of the time? Nope, they get some ...

Bearish & Short EUR/USD, Gold; Time To Adjust Stops - BofA Merrill

Mentioned it last week, mentioned it yesterday...after the First quarter of the year where the USD was sold off, we are coming into a new cycle of the market where we'll get USD strength(it won't be huge, but the USD will gain some)...should be a ...

Dollar Mostly Bid, Sterling and Kiwi Offered

E/U isn't the only one at the 200ma...A/U is trapped between the 200ma and 50ma on the daily chart. I may be wrong, but I still think we'll see a small USD summer rally since it's been a bit oversold the first few months of the year. Cheers!

EURUSD continues to take a breather at the 200 day MA area

lol...

Sales of New U.S. Homes Increased 6.4% in April to 433,000 Pace

It might just be me, but I don't think a 46pip Daily range on G/U is much to worry about...nor is the 80pip drop from the highs on Wednesday. It's typically daily range is over 100pips. Oh, and it's still slightly up for the week. A better headline ...

GBP/USD – Pound Continues To Move Lower

Exactly! Smooth talker, but that's where his skills end!!!

US middle class will struggle to buy a home this year

But Obama said....

US middle class will struggle to buy a home this year

For the past few months the Aussie has been rallying...on Good Aud or China data it would really go up, on bad data it would have a temporary selloff followed by a rally higher than pre-data news release. Something changed in the past few ...

Australia Consumer Sentiment Tanks In The First Big Survey After The Budget

out for +25...looks like we are getting a 2nd higher low on the 1hr chart for today...and none of the pairs(a/u, e/u, g/u) are moving that much today. On to the next setup...

Dollar gaining ground; yields firming