Depends on your risk tolerance and your timeframe. If you're looking for a quick scalp, this is your worst nightmare.

AUD/USD

must have rained and soaked the fireworks I hope not.. lol

Aussie Trading Room and Cartoons Gallery

Here come the fireworks

Aussie Trading Room and Cartoons Gallery

I will be staying out of the news play as I will still be at work when the announcement comes out and trading from my phone is not the ideal platform to be trading a news event off of.

Aussie Trading Room and Cartoons Gallery

Any more room for a down turn? We are at the 1.044 support and waiting. I have been sitting on the sidelines for the day as work has been keeping me occupied.

Aussie Trading Room and Cartoons Gallery

So based on that COT report, it suggests we should be ready to sell (with the big boys)? Am I understanding this correctly? What would be the trigger?

Aussie Trading Room and Cartoons Gallery

What does this mean? Could you elaborate please?

Aussie Trading Room and Cartoons Gallery

ROFL! What a funny cartoon with a good lesson.

Aussie Trading Room and Cartoons Gallery

Sorry to hear that Daytrader. What is the sentiment on the PMI news? >50 or <50?

Aussie Trading Room and Cartoons Gallery

Will wait for a clear retracement trend to form, right now its at a very tight sideways range

AUD/USD

Ty DB, I enjoy your cartoons very much. Ive been frequenting your thread for a few days now and I seem to be hooked.

Aussie Trading Room and Cartoons Gallery

That's exactly my position. I am holding onto a toxic short right now and as it was mentioned earlier, the rally did not breach the bearish channel that formed on june 8, many attempts made, but no successful breakouts (yet). I did make 40 pips on ...

Aussie Trading Room and Cartoons Gallery

1hr failed to close above previous rally a few days ago, stalled? Shorted and looking for retracement in asian session. Fundamentals have not changed, medium term, still bearish. This could be a fakeout maybe?

Aussie Trading Room and Cartoons Gallery

If the above is correct and all goes bear's way, what are peoples targets after FOMC? My TP is 1.041 however would it be unreasonable to move it down to 1.04 or 1.039/8? How significant is FOMC? Im new so please 'bear' with me.

Aussie Trading Room and Cartoons Gallery

I missed my TP By 3 pips! Lol. Unfortunately i can't sit in front of my charts all day. Come on bears, lets give these aussie bulls a boot. *Simpsons imagery comes to mind of when Bart receives his punishment in front of the Australian parliament*

Aussie Trading Room and Cartoons Gallery

What is your reasoning behind your belief that we are in he uptrend?

Aussie Trading Room and Cartoons Gallery

Coming onto resistance at 1.0464 My question is, is the trend strong enough to head toward 1.0400?

Aussie Trading Room and Cartoons Gallery

Time to short the Aussie?

Elliott wave outlook

I'm looking at the same entry option.

AUD/USD