Curious as to whether you mean that area won't be broken earlier? I would have thought there are likely to be some spikes up & down with US election news. Interested to hear others thoughts on this.

Australian Bear Raid

Might not be that you are too early but RBA is too late on taking action to weaken the Aussie dollar. I'm looking on the bright side and waiting for 1.05+ to load up short. Have gone from net short to net long in the mean time to try and make some ...

Australian Bear Raid

Thanks Balmain Boy & IRO for your responses!Certainly not trying to beat the algo's, just get in as quick as possible on direction after seeing whether rate cut or held. Expect big reaction in first 5 to 15 min with about half that candle in ...

AUD/USD

Wondering what people's suggestions for getting the quickest announcement of RBA decision next Tuesday are? I know it's on FF calendar but am wondering if bloomberg or similar would be quicker or even if local radio stations might cover the release? ...

AUD/USD

Headline number is certainly good and I guess this is leading to some increase in price action but if you look at the actual numbers instead of headline number (which is seasonally adjusted) the dwelling units approved shows little change on last ...

AUD/USD

Not sure what to expect of building approvals today. That aside the recent range trading would suggest a likely drift lower in price today. This could be good for some short term longs leading into Chinese manufacturing PMI data tomorrow where I ...

AUD/USD

Sorry, missed the second part of your comment. Consolidating is just trading within a relatively tight range. Generally indicates that there isn't a strong trend.

AUD/USD

Depends on those questions I posed before and whether you are still targeting 395. Consider your risk reward ratio as moving your stop loss up will also mean it's more likely to be triggered. If you can be patient than it might pay to exit for small ...

AUD/USD

You're welcome! Are you still in?

AUD/USD

I'm assuming you are referring to your reference about change in trading strategy, your bandit trading strategy vs romantic trade management. It was for these reasons I suggested you prove to yourself which works better by using both and monitoring ...

AUD/USD

That would be cool! (I'll ignore that it would be helpful if I knew enough to understand everything he says to be able to edit it though!)

AUD/USD

Welcome keiichi2! Ask yourself what has changed since you entered the trade? What did you base your trade on? Answering these questions will help you make your decision. Personally I look at longer term charts eg daily and see that price has not ...

AUD/USD

I'm good and no need to apologise. Not sure what "redactor in chief" means but I have a LONG way to go (much learning) to even get close to JP's level!

AUD/USD

Not sure if you saw my previous post replying to you: http://www.forexfactory.com/showthread.php?p=6133991#post6133991 hopefully that addresses some of your questions.

AUD/USD

Jobs Data — Thought this article might be of interest in longer term on jobs data. Note especially graph on page 2 (Figure 37) for possible difference between current official statistics and reality. Note also that article refers to a historic ...

AUD/USD

That complexity can be good too. It is needed to understand much of what you research. The challenge is to transition between the complexity of the ideas you research and being able to explain them in simple terms to others. I'm not saying I have ...

Australian Bear Raid

I don't think it is at all silly to consider others methods and whether they will work for ourselves. To me this is a way to grow and learn, be it by adoption or by considering and rejecting. The other consideration is to not try too many things at ...

AUD/USD

I applaud you for trying to reach the next level, it is part of the journey of every good FX trader to try to constantly learn and improve. Why you’re not doing what you believe you should be is an interesting question. 1. You have answered it in ...

AUD/USD

Can you use different brokers to hedge in the US? ie one for longs, one for shorts?

Aussie Trading Room and Cartoons Gallery

Personally I think it comes back to you need to take risks to profit. Those risks come into play whether it's at opening of the trade or when you are already in front eg if 100 pips in front still need to risk some or all of that if you want to get ...

AUD/USD