Grinding just under 0.0150 with a break towards 1.0200 likely.
AUD/USD M5 (01/11-05/11)
AUD/USD M5 (01/11-05/11)
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DislikedShorted at 127% of last swing
5 waves and my thoughts are down.
Good luck
Mike HaranIgnored
DislikedDMA Trader, would love to quote you (new member cant!) but you are right.. 6 months of practice in following the 'big money' has lead me to a 22% increase in my first week of a live account.
I am still long, as thats the overall trend (another 40 pips in the last 8 hrs!) Its been a free ride for me since 0.9939 so I am happy.
205+ pips in my first week live trading.. I will stay long until it starts to break the 34 EMA (low) again (h1 chart)
But yes, its getting scary and my mind says I should be shorting, but the numbers are still...Ignored
DislikedI've seen many people quit Forex because can't get the simple idea of going with the trend.
now tell me what needs to happen to just see 0.97 again 450 pips away just to get to break even.
So if you see 1.1 - 1.2 ? nothing impossible in Forex.
well everybody has to learn their lesson.
No prediction. Go with the big money. then don't use prediction.Ignored
DislikedRBA comments out in about 30 mins.. Stevens may try and jawbone the currency lower.
We know its going to go higher overall however my bet is he will skew some words in there to confuse and take the sting out of it in order to stop the one way traffic.Ignored
DislikedBased on the steep climb over the past few days coupled by the fact its Friday, I'm thinking it'll be down trend for today in name of a retrace, profit taking etc especially before the weekend closed especially during market closing hours of various countries. Can anyone give advise on that? Or should we just stick with the up trend all the way?Ignored
DislikedI would have to think he would try to talk down the aussie given last nights trade balance. They are losing exports rapidly........Ignored
DislikedJust look at what happened to everyone who called shorts in the last month.Ignored