AUD/USD

more reason to be bullish. Of course we don't know how much and when and whether they would wait for a major correction before doing so instead of just following the bulls for now.

bullish signals on all time frames, with the exception of m1 which is inconclusively bearish (pushing for a possible retrace provided 8645 doesn't get breached and held) -- Waiting for a sign of a retrace either back to 86 or 853 depending on general market sentiment.

Debts given back. Now let's look for a nice entry to travel to the TP.

We have divergence here on the 1 hr chart hitting major resistance. I am short here with b/e sl

short that pair but trend is still up

Here is why I am short. Please see the chart for 4 hr divergence

http://www.forexfactory.com/showpost...postcount=3715

IMO there is no div on H4. Be patient people. Wait for a decent signal to go down. As there are still some road blocks. And if your SL is not very safe, there will losses. MACD solely is not an entry point for me. Would consider to go down after the break of the line and with signals on USDX. But only then if there will be a decent place for a SL.

please explain why that is not considered divergence?

I am only watching MACD for a starter and there is no div there on H4. No crosses yet. It's just my opinion bro. What would be your targets from your view there?

I hear you, I am looking for it to range back to .8580 however I think this range is going to be broken either to the upside for good or downside for good. They have a hard time pushing its way through yet bears have a hard time playing defense.

Lets wait and see

this pares done me, iv sold at 9219 ages back and thought i had hit the one id been searching for after winning and loosing and being stressed, now in this trade iv watched loads of my profit get taken back, do you think this is the start of a bear market or is it just a secondary correction of this bull market?

As I mentioned here some time ago, I would like to see the ~0.836. But now first TP would be around 0.8428. For the time being.
Green pips to you man.

Thanks man 25 pips up so far lets see

Hit my sl but i still think that this going to down.Someone protect 8700 level and stock look weak.
Tnx for a link and sry my english..

I've been long since around 83 cents and don't see any reason to short this pair for medium to long term trades.

Close your orders then and reverse to shorts

new_trader84, thank you for your reply. Would you say doing the workshop is a good place to start? I'm going through Gryphon Learning's website lessons and 'attending' babypips.com school of FX trading! Its fun, but this all is a world onto itself, and nothing to do with my background!! But I'm determined to get my head around it.

hi jahanshah,

i did the workshop a couple years ago they had just had the new hawkeye system up at that time, the newer version the hammer trend is meant to be a lot better but i only saw it on daily but if you get access to it with the 2 day workshop it could be good to use for trades. the bof/ews is good to but using both systems to help confirm each other might be best to look at and longer time frames like 15 minutes and above will probably be best to follow those indicators on.

I did the workshop because at the time i was picking trades based on reading reports on penny shares like pru, and thought charting might be helpful but just reading books doesnt always help that much to understand everything clearly.

The workshop is good they go over everything its a long 2 days but was good, you get a big folder with lots of things you go over at the workshop plus 3 cd pack but think might be 4 now which goes over lots of patterns indicators their bof/ews indicators and some other things. Your also able to go back and redo the workshops for like a 100 dollars after the first time which they said is just for the meals over the 2 days which can also be helpful.

You can ring them too with questions or email them and they will try to help you with questions.

It does depend on if you find you learn and understand something better if told and shown the chart patterns or just by reading on the internet or in a book, i found going to the workshop best for me.

One thing though if you see a chart that says to sell but you have done some research on the company and believe it should go the other way best to follow the charts, it was an expensive lesson for me with options on a penny share.

The indicators work on everything, but the indexes will only be open on the charts during market hours so if you trade indexes the indicators wont be much help if the market turns against u during the night, but following daily charts on indexes will still work well.

The cost is several grand not sure how much it is now, but compared to other courses it was good value, they dont say how to trade they offer their indicators to use plus teach you chart patterns and how to trade safely in the market.

Hope this helps.

spotted some divergence on the 1hr & 4hr charts, 50% fib approaching as well around 8728-31 depending on how you draw it. Pending short....

Hi all,
Read a report that Russian is adding AUD to its list of reserve currencies. Anyone with any insight to this?

i read at bloomberg also, that china will not peg renmimbi again, this mean stronger yuan, and cheaper coal from ausie, but at the other side, the china export will be slower. so what will this event affect AUD?any comment guys?