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    • MarcVUM replied Mar 31, 2010

      Looking at my H4 and H1 charts I too believe that the ADP report will push the A/U lower... however, like Amyc said, if it doesn't close below 9116 today the A/U will likely go higher. I am seeing this setup definitely on my H4. IMO, if you have ...

      AUD/USD
    • MarcVUM replied Mar 30, 2010

      IMO, it's not the best thing since sliced bread. Try it out on a demo account and you'll see. I only use it when in a pickle but usually just adjust my cost basis to get out of a jam.

      AUD/USD
    • MarcVUM replied Mar 30, 2010

      I caught some of the ride down. I was out at 9163 before the weekly R1 was hit. To be honest with you I was starting to worry that my short from earlier this morning was going to be the end of me but when the news came out and it started ...

      AUD/USD
    • MarcVUM replied Mar 30, 2010

      Shahab, IMO we will see a 50% retracement from 9215 to 9110 which happens to correspond to what is now the 5sma on the daily chart. From there we will have to reevaluate the situation.

      AUD/USD