Smikster and Sergzav...thanks for your support...I appreciate that someone out there finds value in what I am doing.
Sergzav: I too was watching AUD/USD today, but I have to say that I would feel a lot more comfortable with a short if this market had retraced some. Having said that; it doesn't appear that this market has retraced significantly in several months. Instead it always seems to want to "fall out of the bottom"... in which case your trade will most likely do well...I'm just not there...I want to see the buyers come in and do something, then have the sellers take over...to me selling near the low goes against my grain...but that is a personal issue and says nothing about the probability of your trade working. Besides I am already participating in and AUD short by holding long GBP/AUD.
BTW...not that I'm any good a reading indicators...but your MAC-D is giving a bullish divergence signal...yet another reason why I don't bother with them anymore.
Sergzav: I too was watching AUD/USD today, but I have to say that I would feel a lot more comfortable with a short if this market had retraced some. Having said that; it doesn't appear that this market has retraced significantly in several months. Instead it always seems to want to "fall out of the bottom"... in which case your trade will most likely do well...I'm just not there...I want to see the buyers come in and do something, then have the sellers take over...to me selling near the low goes against my grain...but that is a personal issue and says nothing about the probability of your trade working. Besides I am already participating in and AUD short by holding long GBP/AUD.
BTW...not that I'm any good a reading indicators...but your MAC-D is giving a bullish divergence signal...yet another reason why I don't bother with them anymore.