Hello everyone,

It’s Thanksgiving and the U.S. banks are closed for the holidays – Happy Holidays to our American friends!

The thin trading volume may cause the market to move unpredictably, so please trade cautiously.

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Sidenote: I took a trade on the AUD/USD two days ago. In light of the “boring” wait for the EUR/USD to retrace, I will be discussing this trade with everyone in the meantime. I don’t do this often (since we focus only on the EUR/USD here), but I think everyone can benefit from occasional lessons on the other pairs. I will be posting up the analysis of the trade later on this evening so please be patient.

AUD/USD discussion

This pair has been especially profitable to trade with, and I’ll show you how you can use the same strategy that we use on the EUR/USD:

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I hope this has been an informative discussion for some of the trades I’ve taken on the AUD/USD. As you can plainly see, this is the exact same strategy we use on the EUR/USD. You can apply it to any trending currency pair.

Please feel free to ask any questions or comment on these trades.

Hello everyone,

The market is attempting (once again) to break the 1.5000 resistance level.

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Sidenote: The market has been caught in a 200 pip range for the past 2-3 weeks. I expect a breakout to happen soon, perhaps during the upcoming Thanksgiving holiday when trading volume is thin. (edit: looks like the breakout has happened today)

Hello Pip Mavens,

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Hello everyone,

Hope you had a restful weekend.

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