Hello Traders,

Day Trading The AUD/USD

Last night I did a video on Day Trading The AUD/USD using our Key levels. I have included this video below.

Our key levels were put to the test in our Forex Day Trading Room Today. Day Trading the AUD/USD has been good to us recently, as we took +67 Pips on our AUD/USD and also started a new short based on the extreme commodity sell off we witnessed as our Team tracked the markets today in U.S. session.

We began our Bearish positions after gaining over 200 pips in Total on AUD/USD longs last week. Friday showed a nice bearish candle pattern setting up and we proceeded to take a short position late last Friday. This trade was sent to members via SMS as well as Trade Copier. The Candle was clear after the swing high at 1.0600. We noticed today in the U.S. session the rallies on the AUD/USD were all sold, OIL was a major focus as we noticed a massive drop in of over 4% took place in a short period of time. The drop has gained the interest from the 'CFTC' according to news reports, as they reported they  will "Investigate". I think these trading Policemen have gone too far and  should relax......... let the markets handle themselves as they have been for many years before, after all markets react to news and rumors for reasons isn't that the whole reason to have markets?

Whats Next for Day Trading The AUD/USD ?

We await the important RBA numbers at 9:30pm EST as Traders await to see if the stance from the RBA gives any clues to possible rate cuts as per the latest China data.

We will continue to have fun Day Trading the AUD/USD pair as it has rewarded us nicely over the last few weeks.

Regards

BT

For more info on Day Trading The AUD/USD in our Live Forex Room

For more info on Day Trading The Forex Signals