If AUDUSD closes above 1.0360 (daily 200SMA) today, then its BULLISH confirmed. Otherwise, another rejection As it is, Higher Lows on the daily imply upmove

AUD/USD

China Data slightly better than expected. There is talk of BOJ to intervene EURJPY instead of USDJPY. This could spell USD selloff vs EUR, AUD . Now the wait if we'd break 1.0380 stubborn resistance

AUD/USD

I used to use a Mouteki/Demark Trendline Indicator on H1 candles to get out of the H4 candle pattern formation problem. (PS. I use Mouteki/Demark with 8 candles on H1 instead of 2 candles for H4) And as shown, AUDx is 2 bullish candles since 10AM ...

Long Term CICR (Cross index currency referance) trading

either way, its just zzzzZzzZzZzZZZZZZZZ today... dang boring... off for tomorrow China GDP

Long Term CICR (Cross index currency referance) trading

Seems like it.. in fact, AUD is the new EUR - bullet proof... until someone invents AP bullets.. im waiting on the sideline for better signals.. USDX isnt strong. so no way shorting AUDUSD. PS! There is French debt auction today. Watch out. Check ...

AUD/USD

ive been watching GBP lately thinking it is ripe for a fall.. I went short GU. though in profit, wish i shprtrd GA instead for bigger move as attested by bullisg AUD

Long Term CICR (Cross index currency referance) trading

I agree tht there are alot of retail shorts riding on AUDUSD. Retails are often on the wrong side of the ride.

AUD/USD

we are seeing the same thing.. i am waiting for some AUD retrace to short. patience

Long Term CICR (Cross index currency referance) trading

LFX is a new currency out from eastern Europe in preparation for the EU breakup... LOL Honestly now, its an index created by Liteforex. you can get that only through them..

Long Term CICR (Cross index currency referance) trading

If advertisements is a form of "indicator", then the decreasing Jobs Ads suggest decreasing jobs in Australia: url This week, we will have Australia Jobs Data; It is a major fundamental so much so, it will move AUD direction for the rest of the ...

AUD/USD

AUDX bearish candle forming in H4. Possible filter line cross-over. But we have seen that happened last week only to pullback in the very last hour. THats the problem with H4 candles. It is dependent on broker's time.

Long Term CICR (Cross index currency referance) trading

I prefer short, but not just yet. China's RRR cut will spell bearish outlook on China and spells bearish outlook on Australia commodities as well.

AUD/USD

When i said GBP IS RISING, I did not mean BUY as i said in that post; I meant it is retracing, pullback If you will to a fib level? I trade pullback so in the above context, I would rather short GBP vs a stronger currency that i yet have to ...

Long Term CICR (Cross index currency referance) trading

Scanning all 8 Indexes, I find nothing much of interests: USD: After breaching the channel upside, it hit the monthly resistance and almost hitting HC1. IMO, I bet it will continue to drop back (USD bear) until it finds support near the filter line. ...

Long Term CICR (Cross index currency referance) trading

Friday the 13th is my 1st Day of CICR. #1. I didnt short AUDUSD after reviewing CICR. Though AUDUSD dropped on that France Downgrade, I wasnt lured into a short trap. Look where AUDUSD is right now? 1.0320s. If I went short, I would have targetted ...

Long Term CICR (Cross index currency referance) trading

Take a look again at AUDUSD. RISE! RISE! I bet we could retest 1.0380 again or the Daily 200MA next week

AUD/USD

As much as I am a bear AUD bias for most of my trading years since 2006, sad to say, I agree this currency will never go down... I've seen the light this 2012. Why? USD is just plain OVERBOUGHT! AUD has one thing behind it: China! Megagiant China. ...

AUD/USD

DK, How do you trade Laguerre? Years ago, I was told that if Laguerre is flat top, only take Shorts; if its lying flat bottom, only take Longs. Is this correct? if not, how you trade it? From what I gather in this thread, it implies "continuation" ...

Long Term CICR (Cross index currency referance) trading

Reviewing CICR and AUDX (H4 chart below), I am not comfortable/confident that I should be shorting AUD just yet. AUDX is showing bounce off support lines (Yellow and Red lines) suggesting AUD is very supported. The drop we saw just a few hours ago ...

AUD/USD

DK. In this AUDX, do you agree with me that it failed to break down as shown by the bounce off the yellow Filterline and bounce off the red trend line? What do you call that Green and Red trendlines? Looks very much the Mouteki Trend lines... Supply ...

Long Term CICR (Cross index currency referance) trading