I got layers for shorts, all the way to 1.052, and longs strategically placed thereafter and in between. A full Scale in/Scale out set, only way to play the crazy aussie, the market won't put stop losses in place like it does for EUR/USD.

Aussie Trading Room and Cartoons Gallery

Stop losses by their very nature get hit first and then reverse. Because remember this, where you are putting a stop loss, you are adding to a position against you at that level. IE, one persons stop loss, is another persons area of DEMAND if they ...

Aussie Trading Room and Cartoons Gallery

I'm not trading this actually.....i'm merely looking at the daily chart and remarking that I do no see ANY relevant H&S pattern yet, if something is starting to develop, and if it aligns with potential developing fundamentals that are incubating, ...

Aussie Trading Room and Cartoons Gallery

You just started trading this pair? Good luck, you'll need it.

Aussie Trading Room and Cartoons Gallery

I think you guys need to review your charts, there's NO H&S of ANY pattern here. The only reason you'd ever want to trade on an extreme technical pattern like that is if you think it's probable. For example, I had tracked a long term H&S pattern on ...

Aussie Trading Room and Cartoons Gallery

Not bad, had to "fix" it for you though....... image

Aussie Trading Room and Cartoons Gallery

You should draw a picture of a bear and bull, arguing, but slightly confused and looking at an ADX indicator IN GREEK hahaha.

Aussie Trading Room and Cartoons Gallery

I"m thinking a short opportunity pre-europe market on Sunday might be a good situation depending on how the sentiment develops and what technical levels we hover at over the weekend. Else it's going to be more blah blah, QE3/equity melt up, gold up ...

Aussie Trading Room and Cartoons Gallery

debit? lol

USD/JPY Discussion

Not sure how you pay off debt when your currency strengthens, unless it's debt denominated in dollars, pretty sure this isn't the case here. It's typically the opposite, create inflation first then pay off the old debt.

USD/JPY Discussion

My gut would say CLOSE part of this position, and aim to break even, or at least reduce the loss.

Aussie Trading Room and Cartoons Gallery

Is it time to short yet? What's with all the yield chasers?

AUD/USD

I think a lot of analysts go with that option. If you try to explain a situation, it's almost impossible because, it's never a static situation, so you have to describe the fundament/technical/news, price action you are seeing, and then to do ...

AUD/USD

I don't think anyone speaks his language except him....

AUD/USD

It's always amazing to me how volatile the market becomes. url i think that's what happened

AUD/USD

Personally he's probably happy.....he can afford more overseas products on his government salary economically the country is already F'd.....they have no growth, wide nuclear contamination. They must go to the robots that they will need built to ...

USD/JPY Discussion

Yeah it's really simple.......if you have one person selling euro in exchange for the dollar, and another buying aussie in exchange for the dollar (which would be the case as of lately), then nobody is directly selling euro and buying aussie, but ...

AUD/USD

We'll see.......keep in mind this is sunday/monday morning pre-market, these moves are baseless. I'd trust a new lower high on monday during london/ny

USD/JPY Discussion

OK.......interesting, why are you shorting at support with such a stop loss?

USD/JPY Discussion

I'm still waiting for the world to wake-up to the fact Tokyo has radioactive contamination and should be evacuated......wonder when/if that'll happen. Things can only be swept under the rug so long.

USD/JPY Discussion