Long December.....FOREX

Gonna keep an eye on AUD/USD here.. just dropped below 0.9000 level.. should get some support here and maybe a rebound. 

I would hold off on the Aud USD  Next Fib Support is a long ways down
.8944 to be exact (which is the 20 day low)
next would be the lows seen in Early November around .8905 
then its anyone's guess how low this could go.
I would definitly wait a while at least. for a sell
For a buy the next fib level is around (.9053  / which is a long ways off) 
Right now it is currently setting right in the middle of the two fib lines. 
showing oversold
Low RSI
and no DMI setup to indicate a buy .

If anything I think we will see a new 20 day low by Asian open tomorrow evening.

If this hour closes above .9010 on Aud/Usd ,  a short term buy may be in order

Kathy Lien and Boris Schlossberg from FXCM    '   s 

Book 

not bad,  some good info in here

What platform are you trading with Rick?

I am using Think or Swim. 

Morning folks....

Went LONG on USD/JPY at 90.09... hoping to grab a few pips here... maybe even crack 90.70

aaaaannnddd!! We're off and running here

were should i open a practice accout to get my feet wet?

 

indiobear, I use forex.com. They have a good trading platform, and they allow you to open a practice account there as well...

Iceman, I am also in usd/jpy 

and there is a lot of space to the next fib level.  I am seeing
-slightly overbought with the adx rising, so when it reverses it could be fast.

-  I also notice that the previous 20 day high is at 90.76  so if it closes a candle above that we could see a sustained rally

Got out @ 90.20  I really do not see much hope in this breaking the 90.76 high before next week, and I am def, not holding over the weekend. 

out with 17 pips

I will get back in if I see it north of 90.40 

Hey boys...GL on your trades

Still holdn Eu/GBP....would like to see 8850 here to let me grab some more...im off work for the next 10 days or so

Good to see you got out of that rick.. it's gone south the last little while

Ice, 

that Aud/ USD buy you were talking about might be setting up in the next few sessions.

interesting article about commodity prices and their correlation to currencies.

USD/JPY holding steady now... still hoping this goes higher, be interesting to see how this goes in the last 15 minutes up to the 4 o'clockk close

Thanks Rick.. I should have pulled the trigger the other night, would have banked some pips, but it was late and I ended up falling asleep.. oh well, missed an opportunity, but I'm keeping my eye on that pair, especially on the overnight sessions, where it gets most of the action on it.

Another disaster trade, as this one went WAY south, and hit my stop loss

I don't give up easily, trying again, going LONG on EUR/USD at 1.4395

Well once the futures turned up, the USD would lose steam.

After RIMM smashed earnings I had a feeling the USD would go down and the USM go up..

That correlation has been with us for a long time..

Well looks as though ill be holding Eu/Gbp got the average down to 89315...no limit set

Dont really see anything close as far as support so if it keeps dropping im just gonna watch

No limit set on EU/GBP im gonna milk this bitch

Dollar rally ,  gold slump means an Aud USD sell right???

well maybe not.

I am holding off until I see Aud usd  close below 8808 
it is already showing oversold on my 4 hr charts, would have been nice to have Sold that bump up to the 8900 area last night, but I was watching football. 

my prediction  = new low by Christmas.

Well its about damn time the USD started to reverse a little..it was shorted for so long.

This isnt even a real rally either, just some profit taking..but given the strength in the USM it is interesting to see the correlation broken to an extent.

I'm finding more and more, it is a case by case basis with all correlations in the FX markets. 

I don't think it will be sustainable into the New Year, like you I can see that this is largely fueled by profit taking. 

You think gold will follow in tandem??

bellow 1000