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Aussie Trading Room and Cartoons Gallery

Quoting Mr. Scott
Tim, I agree with your excellent analysis and also long here at 1.04 level looking for retrace.

But shouldn't your green 4 be A?

Although I agree with your result, I am not sure I understand your process.

Is EWP. 3 green is a five wave move. 4 green should bee three wave move (abc=4)
The talks about the fiscal cliff, I think the SP500 can show that no one believes can happen!

However I'm looking for new high!
Attached Images (click to enlarge)
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Quoting DaddyBear
alien, I like this message. If there is a progress in the cliff talk this weekend, the Aussie will be back to the stage in no time. Although it will be a short holiday week, the cliff will make the market very volatile.
Thank You DB......I am always trying to find new ways to Paint a Picture Story so the world players can understand it easier.....
Quoting HelloOz
is your 1.06 still on the card?
once fiscal cliff issue is resolved, USD will be bullish.
we could have a relief rally for emerging markets, risk currency but i dont know if we will see 1.05 again.
1.06 is still in the cards. If the cliff talk moves ahead, the Aussie shall move up IMO.
This is the weekly chart as of 12/21/12. The green cloud held up the Aussie on Friday. The yellow DTL is the upper trend line of the popular ABCDE triangle, which is incorrect. This DTL was broken two weeks ago.
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I believe Friday's drop was related to 12/21/12, the end of the world story. The cliff was only the smoke.
Quoting DaddyBear
This is the weekly chart as of 12/21/12. The green cloud held up the Aussie on Friday. The yellow DTL is the upper trend line of the popular ABCDE triangle, which is incorrect. This DTL was broken two weeks ago.
This is the daily chart as of 12/21/12 with my projection of INDI X. The monthly pivot is holding up the Aussie.
Attached Image (click to enlarge)
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Quoting DaddyBear
This is the daily chart as of 12/21/12 with my projection of INDI X. The monthly pivot is holding up the Aussie.
I use the "lunar phase" to look into the Aussie's moves. When the Moon reaches its Full Moon status, it has to move to First Quarter Moon and vice versa. No if or but.



NASA
Quoting DaddyBear
This is the weekly chart as of 12/21/12. The green cloud held up the Aussie on Friday. The yellow DTL is the upper trend line of the popular ABCDE triangle, which is incorrect. This DTL was broken two weeks ago.
The rationale behind my belief of a test of the upper cyan trend line is simply because the finale has not occurred so far.


I see last week's red candle a setback from the test of the yellow TL not a onset of a down move as some people suggested in this forum. From this point forward, a new steeper channel will be established. IMO


It looks like the Aussie is rebouding here with the test of the up trendline and 100 SMA both around 1.040.
Quoting trendpal
It looks like the Aussie is rebouding here with the test of the up trendline and 100 SMA both around 1.040.
Welcome trendpal. Could you post your chart? -DB-
Inserted Video

For all aliens
Here it is. This is daily chart. It's quite amazing how the 100 SMA was held since the uptrend started back in June.

Attached Image (click to enlarge)
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Quoting DaddyBear
Welcome trendpal. Could you post your chart? -DB-
Quoting DaddyBear
This is the weekly chart as of 12/21/12. The green cloud held up the Aussie on Friday. The yellow DTL is the upper trend line of the popular ABCDE triangle, which is incorrect. This DTL was broken two weeks ago.
Nope - even with major fiscal cliff progress, aud will not reach 1.06 - not until 1.015 is tested
I agree with u . AUD will drop down to parity or lower.

GU also appears to be topped out.
Quoting mry2001
I agree with u . AUD will drop down to parity or lower.

GU also appears to be topped out.
When will drop? Put chart please.
Quoting Tim_isoara
Retracement for 4 green.Than down to end 5 green
Hi Tim. You are progressing very well. But I will bug you a little.. What happen if that green 1 2 you have is a b

http://www.forexfactory.com/showthre...97#post6291397
Stocktwit: LuisCarlos - twitter: @lcparodi
Quoting Luis Carlos
Hi Tim. You are progressing very well. But I will bug you a little.. What happen if that green 1 2 you have is a b

http://www.forexfactory.com/showthre...97#post6291397
Hi Luis, than my 3 green is c. Thank you for...bug me a little...
Quoting Tim_isoara
Is EWP. 3 green is a five wave move. 4 green should bee three wave move (abc=4)
Thank you for clarification.

I was looking at it within EWP framework as well, and I agree with 1.046 as reasonable move and retrace.

Just trying to understand your process. Thanks for response.

GL. Nice setup and RR here.
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