AUD/USD

As I had stated in an earlier post, last week would break the prior weeks high,
which it did.

How do you figure?

my eyes @ 1.04 - 1.0385 zone
Catch u tomorrow

Even 1.0339

Even 1.03!!! hopefully

Wait til it hits the 4hr rising channel. Then you might get bears if it bounces off that.

Medium term aussie is pretty bullish imo. If Draghi convinces enough eu politicians, we'll have eurobonds soon and that's awesome for the aussie.

I see price made a new high on the 4H chart and is in a channel up. 15M shows smaller channel up. Channel ups break down, and since price is above the 200 EMA by a healthy bit in the 4H, 15m, and 1m, I'm short for some amount of pips!

If 1.0500 gives in 1.0575 is next and then LTTL around 1.0670. Wouldn't wanna short this one.

But you will short at 670, won't you?

fight for brake 1.0500 i.e 6/8 of murrey math

It's easy to use Murrey Math Line X. 0/8P and 8/8P lines are the ultimate resistance and support lines — they are very hard to break. 1/8P and 7/8P lines are weak support and resistance lines, but if the price stopped near them, it will reverse and change direction. 2/8P and 6/8P lines are strong reverse points. 3/8P and 5/8P are the bottom and the top of the average trading range respectively; it is very likely that the price will either pierce this range fast or will remain inside it for a long time. 4/8P is a major support and resistance line; sell and buy when the price crosses it for a certain profit.

That depends all on the sentiment when and if we get there but it looks like this weeks target. It's a big news week and anything can happen...

I wouldn't be surprised seeing this TL broken to the upside targeting 1.1100 again either. Might need a definitive QE3 announcement.

here some of my charts with MM

3 weeks ago: http://www.forexfactory.com/showthre...87#post5831087 Less then 100 pips to go...

6/8p work very nice for some pips.

The aussie is on fire today. Seems like it'll touch the upper trendline for sure now, breached the 1.05 barrier.

EURAUD dropping a champ as well.

Gidday Traders

Long way down from here.
Bit safer taking shorts above these highs
Working out so far

Ye I'd say its due for a correction, good place to short if it doesnt breakout.

But you never know, I read on the last cot report, aud net long positions actually DOUBLED!

Or maybe it'll breakout and start ranging just to mess people up lol.

Yes I see posts saying 11000 etc
It is possible,
But no country wants a high dollar
They will play around with the interest rates ,make it less attractive.
There could be big sell off,its a long way down.
I still think taking shorts above these moves up is safer.
Fear an greed its 50/50 chance that we are both correct.
For me I got hammered in the EUR/US move up on friday.
Still survived so back to safe trading which will rebuild the account.

Ummmm... all my shorts have Take profit 1.04 in AUDUSD and 0.80 in NZDUSD...
lets see if Tuesday is my day...

I'm flat A/U and short E/A from 1.725
I'm waiting for a pullback on A/U to go long or a 1.2.3 1hour reversal to go short. It could well go sideways, I'm not going to guess.