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    • Ill-b-back replied Nov 23, 2011

      Why buy right now??? Why not wait until 93ish? We are at minor support. We have a strong bearish weekly divergence and the monthly MACD (red and blue lines at the bottom of chart) have turned sharply down.

      AUD/USD
    • Ill-b-back replied Nov 22, 2011

      Hi, yes thx for that. Yesterdays holiday has contributed to a slightly bullish divergence i feel so I didn't pay much attention to it. We smashed thru the daily trendline on Monday and while a GU retrace is a medium possibility, I feel the news ...

      Cable Update (GBPUSD)
    • Ill-b-back replied Nov 22, 2011

      Hmmm, to me this says the IMF is taking a tough stance, and is willing to give to the rich (responsible countries) and f..ck the poor (irresponsible countries). Sounds like a selling signal to me in todays Europe driven market

      AUD/USD
    • Ill-b-back replied Nov 22, 2011

      Actually come to think of it, I think I was in a GU short when it suddenly spiked up above the previous highs just for a day. It did shake me quite a bit but rode it out as Trendlines and momentum indis told me it was going down. The thing with the ...

      AUD/USD
    • Ill-b-back replied Nov 22, 2011

      Following the 4 hour trend channel of your preferred pair and keeping an eye on the GU daily and weekly trendlines, I firmly agree with this practice. Selling rallies in a down trend until the GU reaches it's higher time frame trend channel. ...

      AUD/USD
    • Ill-b-back replied Nov 22, 2011

      Yes I understand, it can get hairy, but with the GU determining overall direction of majors right now, I see only downside, also hedged my Aussie short with a GU long (see previous post) which seems to be going ok

      AUD/USD