AUD/USD

I wish I could, he just made me some pips, although could have gotten more, but I didn't thought it was going to retrace all the way up, so small profit for me.

Currently the Aussie is pulling back as it trades on upside trend. Aussie has no reason to sell off to much unless it is weakened by bad economic data which will cause a sell off. So i currently see the Aud moving upwards further as it reprices itself around that .9850 critical level. I see a Buy opportunity on lower levels above .9750's as it awaits the Feds amount of QE2 in November, until then you will not even see a rate hike from the Australian Reserve in November as December looks more probable if data shows inflation concerns.
On the upside we get a mathematical calculation of 1.0051 and 1.0200.
Dow jones futures shows a busy open for tonight so be ready for the Aussie to move up then.
If your on MT4 be on the look out for Brokers wanting to increase spreads on breakouts that have been closing and stopping out traders accounts. AxiTrader in Australia have been caught doing this to their clients. So be on the look out and look to use other software platforms to trade with. Metaquotes have confirmed that you can set MT4 on the backend to close out accounts and trade against traders accounts. An eye opener!

Swing baby swingggg!!~~~ take $$ n wait another rounndddd~~!! Swinggg

cant make another round i guess. get out at 3pips XD

swing here swing theree~~~~ swinngggg

swing where this pair is like a see saw !

thoughts on direction of this pair in the coming few hours?

U thought im God? lol.. no1 knows. but EU sure show some goodies.


lol... now AU finally follow EU.

swing here swingthere~~!!!
N NO GAMBLE.~~!!!

Possible inverted H&S at 1H...

Neckline: ~0.9890

it is.. good luck though.. tonight me no swing swing trade~~wanna rest n clear mind XD

2 views of the same set up



Red

Playing the chops between 98 and 99 until breakout one way or the other

crossover and cluster on left



Red

Dow reach the resistance, AUD form a top. Sell AUD!

jus saw some brewin in silver as well. went in for awhile XD

swinggggggg~~!!!

My view:

I think we are still building the right shoulder (down) of the inverted H&S I mentioned before...

Posible bottom of the shoulder: .9750 (61.8% fibo from the previous bottom at .9660 to today's top)

Other possible bottom: .9730

awaiting more PA for long




Red

Don't you just love it when a plan works out.

I got short at 0.9886 when price was testing the downward sloping TL from the 1.002 high. Current SL at 0.9795 which I have been moving south as price continues to go down.

I think there is room for a move down to the 0.9730 area, but at this point in the trade I wouldn't really mind if I was stopped out.

At present I am reassessing my SL at the close of each 15 minute candle (until I have to go to work) and I'm generally keeping it within 25-30 pips.

I realise this stop strategy may get me out of the trade if we hit a decent bounce, but there is always another setup.

Patiance is the key.

Closed out at 0.9775.

111 pips of profit.

I was happy about that trade because I stuck to my plan. Maybe we might test that downward sloping TL again and I will get another opportunity to short.

Now its time to get a coffee and get ready for work.

Amazing how everyone only seems to note their winning trades.

Funny creatures, us humans.


Short orders still waiting at 1.0186-1.0234 possibly 1.034x

Selective memory (or amnesia?)