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Ill-b-back replied Nov 29, 2011Price just stalling at the 200ema temporarily. Upper 4 hr trendline breached and heading towards a new trendline around 1.0050 I believe, be cautious.
AUD/USD
- Ill-b-back replied Nov 29, 2011
Yep, and price action finishing strong on the 4hr 200ema and lack of any bear initiative on Asia tells me the bulls are loading up for another run.
AUD/USD
- Ill-b-back replied Nov 29, 2011
Looks ominous but just think there's more in it. If I'm wrong then I'll blow yesterday's profit.
AUD/USD
- Ill-b-back replied Nov 29, 2011
So, back to trading, here's hoping we breakout today as I won't be at the charts tomorrow until after London open. I have a long running from 1.0020 or something from memory anyway so here's to the raging bull.
AUD/USD
- Ill-b-back replied Nov 29, 2011
Hmmmm, very true totally agree or couldn't agree more however you like to say it.
AUD/USD
- Ill-b-back replied Nov 29, 2011
Just out of curiosity, does anyone take much notice of the news to direct their trading? I find it is all BS and just confuses what the charts say.
AUD/USD
- Ill-b-back replied Nov 29, 2011
NY broke us up through the 4hr trendline, be careful with shorts. Daily MACD is now up also.
AUD/USD
- Ill-b-back replied Nov 29, 2011
Looking for a retest of the 4 hr 55ema before hopefully moving to new highs.
AUD/USD
- Ill-b-back replied Nov 29, 2011
Actually, I like the set up so much I am going long into it. I netted 100 pips yesterday with 4 winning longs and 2 losing shorts so I have some cushion, and if I'm wrong then there are pips to be made to the downside. No SL, target 10130
AUD/USD
- Ill-b-back replied Nov 29, 2011
Daily MACD has turned up in a strong weekly bearish market, hence I am staying out.
AUD/USD
- Ill-b-back replied Nov 29, 2011
That is a risk Riskit, but hope it works out for you. I will join you tomorrow if price goes your way.
AUD/USD
- Ill-b-back replied Nov 29, 2011
CRIKEY and the weekly 200ema, is just about to reach the lower white trendline waiting for price to get there. The forex is totally rigged man, A huge computer just directing traffic I reckon.
AUD/USD
- Ill-b-back replied Nov 29, 2011
Just noticed, also in line with resistance levels. Looks good to me. I will NOT trade long into it, just short off it.
AUD/USD
- Ill-b-back replied Nov 29, 2011
The Aussie chart as I see it. Looking to retest the weekly 55ema at 1.148 and the new inside white trendline before heading sough agin to the weekly 2ooema at 92. Also note, the daily and weekly 55ema's are at exactly the same price level also, this ...
AUD/USD
- Ill-b-back replied Nov 29, 2011
Looking at price action and momentum, I have this strange feeling the Aussie is heading towards the daily 55ema at 1.156 and perhaps even the daily 200ema at 1.0220 ish and the GU wants to reach the 4 hr 200ema at 1.5772. Both pairs form new ...
AUD/USD
- Ill-b-back replied Nov 29, 2011
Don't get me wrong, I think that overall, it can only go down, it's just when. The only reason I am not shorting hard right now is the break of the upper 4 hr trendline. While in the shower, I decided to wait for a daily close below the 4 hr 55ema. ...
AUD/USD