Last time it made these highs it came crashing down so quick. It will be interesting to see if history repeats.

AUD/USD

Last time prices went up like this..... image weekly chart

AUD/USD

On the ABC this morning, a chief economist came out and said "By next week we should comfortably see the dollar exceed parity". With that said, I'm short.

AUD/USD

As per my previous post. News just riggers price action. The direction usually breaks into the direction of the trend. If not, the swing will be short lived. The trend is like a world champion boxer. If you take it on it will beat you up.....badly!

AUD/USD

This picture shows a bearish candle. If it was higher some text books would call it a hanging man or a shooting star. Whatever....it means rejection or in simple terms when the price when up sellers quickly stepped in. As my previous post I think ...

AUD/USD

I have found that news doesn't impact so much during the US session. Regardless of news, it often breaks into the direction of the trend, and if it doesn't, the swing does not last long. The Aussie has already moved beyond its average daily range, ...

AUD/USD

Just to give you a heads up. The US session often fades the UK session, and, most of the Aussie price rises have occured during the Aussie/Asian/UK sessions. So maybe, just maybe we may see a small pulback. But remember, so far everytime this has ...

AUD/USD

It's slow because its a slow time in the market. It will pick up again at around 2000. However the Aussie is still looking the most bullish and has the most upside movement out of all the currencies.

AUD/USD

And it must be real. After all, my Tradeguider software hasn't detected any market manipulation

AUD/USD

Well think of the bright side. Next time some nuclear US carrier pulls into Freos docks, I'm gonna throw them a fist full of Aussie green backs and legally buy the whole ship, planes, sailors and all. Then I'm going to sail it to the Abrohils ...

AUD/USD

130 pips. Thats about its daily range. It may keep going for the day but it will soften a bit. Note: I said soften, not turn around. I wouldn't stand in front of a train, and at the moment the Aussie is a train at full speed.

AUD/USD

Wow...today its moved 130 pips. Such much for "a normal retracement"

AUD/USD

Like a drug. Next stop would have to be parity.

AUD/USD

And there it goes. So much for 9850. This is getting ridiculous.

AUD/USD

I hope this fails. so far this week this pattern never has. image

AUD/USD

Fair comment. But how many times has anyone (including myself) said that! "Who but who", he says as the price rises another 70 pips.

AUD/USD

Also, this would have to be the quietest this pair has been all week! It's either the calm before the storm, or, no more bulls.

AUD/USD

No I'm not implying this. I'm saying the end may be near. The trend may be approaching exhaustion. The trend is certainly old so the odds of it continuing are diminishing. However, watch that 15min flag I previously posted about. It might be the ...

AUD/USD

I agree. What do you think......should we start our own thread on trend trading the majors?

AUD/USD

It might be a bit late to join the longs.Even though it may have a little muscle left in it, the risk of a pullback or turnaround is high.

AUD/USD