Closed it early last night at 1.027. Which it failed to break. Reopened a new long at 1.02147, TP1 @ 1.03. Seems we may get a chance to bounce off the trend line from Nov/Dec 2011.

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Crashed out of my trade. Now reopened a new long at 1.026, TP @ 1.03366.

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Why I think we're not going to shoot down to parity: "Although perhaps some of the public hadn’t expected a cut today from the RBA, the market had actually priced in about 80% of the move" - url

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RBA reduced interest rates to 3.25% from 3.5% causing a massive 70 pip fall but we have stopped short at 1.03. Failure to break 1.03 would mean that we're still going up.

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We're having a tug of war at 1.036 and 1.0385.

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Everything else is good!

Elliott wave outlook

AUDUSD has gained back close to 1.039 after bouncing off 1.033. China's PMI better than previous.

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Did something happen?

Amazing Black Magic Trading Method

Hi Luis, is there any way you could shorten the videos? 9 minutes is really long to watch. Thanks for doing it though

Elliott wave outlook

Another weekend gone. We have opened with a 20 pips gap down. Will we stop here or continue moving? My target for AUDUSD will now be around 1.07xx. I will trail my stops on the way there. The swap rates don't give me any issues holding the trade for ...

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Your comics still remain the same yes?

Aussie Trading Room and Cartoons Gallery

After much consideration, I think I will change targets and trail stops all the way to 1.08. I will close all my positions at 1.08 even if we may see 1.09 or 1.1.

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Just took a look at AUDUSD 4H chart. Seems like a potential inverted H&S in the making.

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1: AUDUSD AUD saw a significant shoot up where it tested 1.05 levels again. But just yesterday it retested lows, trading around 1.03. Next week's COT could show us a lower net long position. We still have some room to the upside although its ...

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Changed targets. Closing near 1.057 - 1.06.

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I will open this as soon as I get units for it. Edit: Added the weekly chart.

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USDCHF has gone back to its normal trading ranges since the QE announcement. AUDNZD looks promising now with a good buy zone, a possible doji close and a double bottom from April. A rise here would bring us at least 1.27xx.

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I wasn't paying attention to NZDUSD but after checking it out, I realised it hit 0.835 again. Unfortunately I didn't have enough units to short it.

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This massive freefall seems to be scarier than I thought. Could this be some sort of a squeeze or perhaps a bear trap? My biasness may kill me.

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Despite lousier than expected US data, all 3 majors took a huge swing downwards. AUDUSD has stabilized above 1.04 since yesterday and we have hit resistance near 1.047. We have now shot straight past 1.04, trading around 1.039. EURUSD has also ...

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