AUD/USD

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 anyone check this at all? If so, I would take this as a decent code, that we have topped out considering the Aussie is at the same retrace, is at a trendline junction, monthly Macd sharply down, weekly and monthly bearish divergences etc, etc. noting the important role the GU plays in directing major currencies. Would be helpful to everyone I feel to confirm that GU retracement. Thx in advance. Phil

Acting totally strange lately.... Can't see anything....

May have to call Ms. Cleo....

?

Still have GU at 50 and Aussie at 61.8 .....stick to stick

Ms Cleo is a famous Psychic in the US

AUD/USD @ 1.0225

Its friday and NFP awaits us.

Demand seems to be at 1.0130-50 zone and sellers lining up at 1.03

So basically there you have it ..

My overall view fundamentally is that Europe is crap - Central banks are trying to gloss over it with their co-ordinated approach. Market psyche by authorities can be persuavive but i think this one is too big.
So let the bulls run with it for awhile until they tire then hammer the bids.

Good luck

Ok thx Riskit

sell audusd?

Sideways in asia..till it move up/down toward S/D seems like too risky to open position for me..

OK, here we go:
Sold at break of support @ 1.0212... Hopefully not too premature...

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i agree totally.

i am thinking 1.03-1.04 (unless banks do something again, which could get it up to 1.06-1.07) then down to 0.95-0.95

i may trade the euro down also from (1.35-1.37) - (1.29-1.27) however, the audusd seem to run faster and harder - better for the trade once it starts trending again.

right now it is in the middle of nowheres; dont plan on trading till next week.

had a 0.01 lot long position opened at 1.30998 yesterday, currently had some pips, not too bad, but 4H is still not broke downtrend line, will watch it carefully and s/l still at 1.29000, t/p 1.39000, anticipating hold period=6 weeks.

Breaking Rumour: The reason behind the 6 central banks stepping in this week was that a large european bank had problems financing itself.
How close the bank came to falling over will never know.
To take drastic action like that it must have been close and to ward off contagion..

So I would suggest that once this comes out in the open the bull rally in stocks maybe reversed along with US dollar sales.

Nice weekend.

Cheers !!

So obvious Aud/usd wants to shoot up!

Watching trendlines carefully, best to make a few less pips than lose them.

If anything I would go long AUD/USD but seems too risky, might get stuck in the consolidation.

As always with NFP day, price will move like a snail and if you are happy scalping for 5 - 10 pips then go ahead. With this tight consolidation, we will expect fireworks during NY. Bull is having a revenge after the bears have eaten them alive last week and I am expecting another bull week next week yet again. Good luck those in position now!

Check out the 15min chart, been pretty much consistently up and down between 1.0205 and 1.0245 since 21:00 -01/12/11.

edit: Oops, I meant local time by that. I should say the last 24 hours

I've been in and out 4 times in the last 12 hours for a quick 20-30pips.

I seriously cannot deny what my charts are telling me, (This weeks rally is a big con).

1st CHART: My big picture weekly chart clearly shows 3 things.

A) 2 weekly MACD bearish divergences. (actually that's 2 things right there, but I will press on)

B) A sharply down turned MONTHKY macd (red and blue lines at bottom of chart).

c) My target,the 61.8 retrace (and strong support) at 0.9226.


2nd CHART: Daily chart trendlines in confluence with the 61.8 retrace (remember this is against a strong downturned monthly MACD - a sell signal right there).


3rd CHART: Selling the break of the 4 hour trendline.

On top of this, The GU which directs a lot of traffic has every 200ema from the 4hr up to and including the monthly above it. It also has a very strong monthly MACD bearish divergence using my red and blue lines. Cannot show GU chart here as was disciplined before. The GU Monthly MACD is turning down for only the 2nd time since the GFC and is doing it much earlier in the price move than the 1st time. It fair dinkum looks like it would take the hand of GOD to take this thing north. The only reason I can see for a bullish move is yesterdays strong 4 hour bullish candle.

Does anyone have any comments or thoughts at all??