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| AUDUSD Discuss market action in the Australian Dollar versus the US Dollar |
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| AUDUSD Discuss market action in the Australian Dollar versus the US Dollar |
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NFP Trading Plan
If AUDUSD... a) Crashes through the stop, sit on hands for cue on next direction. b) Hits stop and stalls, look to re enter on signs of strength. c) Rallies, then falls, keep stop at breakeven d) Rallies, and holds, move stop to .9100 (~+100 pips) |
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Quote:
Bernanke's speech at 12:15 should be important. |
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Quite a move during the Bernanke speech. The market did a good job of knocking out the late comers with tight stops to the AUD/USD long position. Market looks primed to move higher.
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