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    • Ill-b-back replied Dec 1, 2011

      I cannot be certain as I am not at my computer, but my phone is suggesting the GU has made a concerted effort to stretch up to the 61.8 weekly retrace just above the 4hr 200ema from memory. It was at the 50 retrace earlier before I went to bed. Can ...

      AUD/USD
    • Ill-b-back replied Dec 1, 2011

      I've been looking back over my posts to get a perspective, and I must stop drinking coffee. Jumbled, decision, counter decision, I was even posting old incorrect trendline screens I hadn't deleted, it seemed endless. I really don't think we can go ...

      AUD/USD
    • Ill-b-back replied Dec 1, 2011

      Yes, a bullish candle on flash news, but nearly everything tells me it is a false rally. at weekly 61.8 retrace against a sharply turned down monthly MACD (BIG SELL OPPORTUNITY) trendlines, MACD'S, weekly and monthly bearish macd divergence, rumours ...

      AUD/USD
    • Ill-b-back replied Dec 1, 2011

      Sorry, here is the monthly MACD reading heading sharply lower. From that weekly MACD divergence and sharp monthly downturn, I think we are headed much lower. This rally will fizzle I feel as things really are not going well anywhere in the world. ...

      AUD/USD
    • Ill-b-back replied Dec 1, 2011

      Can't help it, I'm short again targetting 1.0105 just above the 61.8 retrace and the 4 hr 200ema retest. Feel very comfortable with this for a number of reasons. 1. We are coming off the weekly 61.8 retrace and trendline junction. 2. (See 2nd graph) ...

      AUD/USD
    • Ill-b-back replied Dec 1, 2011

      Also note, that whene we turned north from 0966, there was no 4 hr bullish MACD divergence, only a medium strength one on the 1 hr chart. This tells me we have further to fall. Interest rate cut expected next week. may be all the excuse needed for a ...

      AUD/USD
    • Ill-b-back replied Dec 1, 2011

      Looks like a great place to short for sure. Right on 61.8 retrace to the pip and daily 200ema and trendline. worth a sell now or at a break of the lower 4 hr trend line.

      AUD/USD
    • Ill-b-back replied Dec 1, 2011

      Actually canceling my longs, strong resistance. probably take rest of week off until trendlines become clear with the next move. Quitting while very much ahead.

      AUD/USD
    • Ill-b-back replied Dec 1, 2011

      Closed all shorts for total 120 pips. Still expecting to go down to meet trendline but may not happen until the green 55 ema is at the 50% retrace which is the usual retracement level for long bull candles, so have moved my buy order to 1.0142

      AUD/USD