AUD chart speaks for itself...it was simply a knee-jerk reaction to the news released. As stated earlier today, look at all of the other majors. It is Risk Off so everything goes down against the USD. Some will go down slower than others, however, ...

AUD/USD

Rejected at R1 so far. Surprised that this didn't even break R1 within 30 minutes after news. AUD/JPY didn't even touch R1. Interesting...

AUD/USD

What was your entry price?

AUD/USD

Yes I agree with this. I trade mainly on the D1 chart so I definitely was riding the ups and down since the beginning of this year. Always different opinions and perspectives, that's what creates the market.

AUD/USD

I completely agree, when looking at Weekly we have been in a down trend since it peaked July 24th 2011.

AUD/USD

*Risk Off* — Look at GBP, EUR, NZD, CAD, Oil, Gold, Dow, S&P, they are all heading down. Typical "Risk Off" mode. Why would AUD be any different? Some are moving down faster than others but it looks to me (Daily Chart) that we have more room ...

AUD/USD

Cool. Thanks for the confirmation.

AUD/USD

Hey JP, Just curious, are the US financial institutions and markets open today with it being Columbus Day?

AUD/USD

LOL I wish I did! Then I wouldn't use such large SL!

AUD/USD

Please help me understand what you mean by retrace level?

AUD/USD

Hi Ken, According to my analysis and indicators I am seeing below parity within the next 2 weeks. Take a look at my chart and I'll explain why. This chart is a Weekly AUD/USD chart which has my custom indicator which is actually pretty complex. This ...

AUD/USD

Definitely interesting times with the EUR. I stay far away from EUR/USD but really enjoy trading EUR/AUD. It is probably the easiest pair for me to trade on a consistent basis. However, I need to wait to see what happens this week before making any ...

AUD/USD

I'm doing good. Yea, I got in a few days before the rate cut and have scaled in a few more positions since so I'm content with what I have now. Congratulations on the E/A trades! I closed my last E/A trade on Oct. 2. Open: Sep. 4, 1.22838 Close: ...

AUD/USD

Hey Ken! You're right, this chart is only for Oanda clients and the COT is definitely a useful tool for fundies and larger time frames. Just this past weeks (Oct. 2, 2012) COT report shows that 20,500 "long" contracts were dropped by institutional ...

AUD/USD

I understand these charts are only for Oanda clients but it does show a clear picture of what happened on a historical basis. Historical "High" Long Position % Extremes: 60% - 80% Historical "Low" Long Position % Extremes: 30% - 45% **Sorry about my ...

AUD/USD

A wise and successful trader once told me that there is no such thing as "over sold" in a down trend and no such thing as "over bought" in an uptrend. But you're right, pull backs are normal and only provide traders with the opportunity ...

AUD/USD

Well not quite because look at what happened for the following 3 weeks. More and more long positions by retailersbut market started to drop. Look for when the long positions and market "crossover." Also, look at the 1 year time frame. I'll go ahead ...

AUD/USD

Yes, unfortunately this is what happens. So looking at current 1 Week and 1 month time frame with retail buying and market going down, I would say there is still some more room for downward movement. Figuring out how far down is up to us to find out ...

AUD/USD

No problem MacroMan! Tell me which Month/Day (as close to it) you are referring to and I'll do my best to explain.

AUD/USD

Here is the 1 Month and 1 Year Historical Positions Ratio Charts:

AUD/USD