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AUD/USD

  • #47,521
  • Jun 20, 2012 2:58pm Jun 20, 2012 2:58pm
Quoting DaddyBear
The bull may kick your butt soon.

Tight stop losses are my friend.

What is your price targets on the Aussie?
  • #47,522
  • Jun 20, 2012 3:00pm Jun 20, 2012 3:00pm
Quoting PipSwing
Tight stop losses are my friend.

What is your price targets on the Aussie?
I don't have a fixed target at this point but I believe Aussie is going to test 94 sooner or later. -IMO-
daddybearforex. com
  • #47,523
  • Jun 20, 2012 3:04pm Jun 20, 2012 3:04pm
Quoting DaddyBear
I don't have a fixed target at this point but I believe Aussie is going to test 94 sooner or later.
I'm stopped out for -15 pips. US equities rebounded nicely into the close. Your bull got me this time.
  • #47,524
  • Edited 3:21pm Jun 20, 2012 3:10pm | Edited 3:21pm
Quoting PipSwing
I'm stopped out for -15 pips. US equities rebounded nicely into the close. Your bull got me this time.
You have to bite bull's neck when it stands up tall not to grab it's tail when it is falling to the ground. BTW, I am neither a bull nor a bear. I am DaddyBear!
daddybearforex. com
  • #47,525
  • Jun 20, 2012 3:13pm Jun 20, 2012 3:13pm
Quoting DaddyBear
You have to bite bull's neck when it stands up tall not to grab it's tail when it is falling to the ground.
I've been pretty successful shorting the bull runs. Just got a little sloppy today. My primary pairing has been the Eur/Yen. I'm going to get some rest. Have a good evening. Many green pips to you
  • #47,526
  • Jun 20, 2012 3:14pm Jun 20, 2012 3:14pm
Quoting PipSwing
I've been pretty successful shorting the bull runs. Just got a little sloppy today. My primary pairing has been the Eur/Yen. I'm going to get some rest. Have a good evening. Many green pips to you
Good night and have a nice dream of green pips.
daddybearforex. com
  • #47,527
  • Jun 20, 2012 3:48pm Jun 20, 2012 3:48pm
Quoting DaddyBear
Do you believe now?
198... What?
Use me as a contrarian indicator
  • #47,528
  • Jun 20, 2012 6:26pm Jun 20, 2012 6:26pm
1.0223 so far
Attached Image (click to enlarge)
Click to Enlarge Name: chart.gif Size: 37 KB
  • #47,529
  • Jun 20, 2012 7:01pm Jun 20, 2012 7:01pm
Quoting mOmOgi
1.0223 so far
Your chart looks nice. What is it telling you now? What platform is it?
daddybearforex. com
  • #47,530
  • Jun 20, 2012 7:40pm Jun 20, 2012 7:40pm
china
Attached Image (click to enlarge)
Click to Enlarge Name: 79.gif Size: 28 KB
  • #47,531
  • Jun 20, 2012 7:43pm Jun 20, 2012 7:43pm
Quoting Silencer
china
Any news from China?
daddybearforex. com
  • #47,532
  • Jun 20, 2012 7:49pm Jun 20, 2012 7:49pm
Quoting DaddyBear
Any news from China?
apparently its going to be the most crapest pmi data ever!
  • #47,533
  • Jun 20, 2012 7:56pm Jun 20, 2012 7:56pm
Quoting Silencer
apparently its going to be the most crapest pmi data ever!
What time is China going to release the news? Any link?
daddybearforex. com
  • #47,534
  • Jun 20, 2012 7:58pm Jun 20, 2012 7:58pm
Although the 4 hourly is still up, I'd suggest to take caution on any uptrending position, we are close to the daily resistance point noted by the market before around the 1.0220 level, this is my chart for what I see on the daily:

http://3.bp.blogspot.com/-_T8JOblXZg...06-20+-+01.gif

I personally would like to see price go back to the 100 and or 50 EMA for the 4 hourly before considering any long position, the fact that we have a doji forming on a long time resistance point is an indication that price may retrace or enter in a consolidation mode:

http://1.bp.blogspot.com/-RB6F_x9EqG...06-20+-+02.gif

Let's see if price can close decisively above the resistance point, if so, I'm long for this pair.
  • #47,535
  • Jun 20, 2012 8:20pm Jun 20, 2012 8:20pm
Quoting Eric D
Although the 4 hourly is still up, I'd suggest to take caution on any uptrending position, we are close to the daily resistance point noted by the market before around the 1.0220 level, this is my chart for what I see on the daily:
Aussie is forming a triangle. Downside risk is more than 50% at this point.
Attached Image
daddybearforex. com
  • #47,536
  • Jun 20, 2012 8:29pm Jun 20, 2012 8:29pm
bulls make money, bears make money... very good

i'm still very bullish
by my setup, gap between 2 pink lines is trend strength
i'm swing, not intraday, so it may a lot diff perspective from lot member here
Attached Image
  • #47,537
  • Jun 20, 2012 8:36pm Jun 20, 2012 8:36pm
Quoting redbox
bulls make money, bears make money... very good

i'm still very bullish
by my setup, gap between 2 pink lines is trend strength
i'm swing, not intraday, so it may a lot diff perspective from lot member here
The law of the market will prevail and override any indicators.
BTW, your two pink lines are lagging indicators, which are at least 10 bars behind current PA.
daddybearforex. com
  • #47,538
  • Jun 20, 2012 8:55pm Jun 20, 2012 8:55pm
Quoting DaddyBear
Aussie is forming a triangle. Downside risk is more than 50% at this point.
Hello DaddyBear, yes...sharp observation! there is a very clear triangle (seen for the 1 hour TF here) and it means market is undecided where to go I think, at least for the moment, redbox has been taking advantage of the 4H TF trend for what is seen on his chart, and so very good for him!

http://4.bp.blogspot.com/-39dxJdQS4p...06-20+-+03.gif

I feel price may head higher if it breaks the triangle up and also breaks the daily resistance 1.0220 level, could be a good point to start a bullish bias, but if it doesn't, a break down may give more importance to that resistance thus validating the dialy trend, let's wait and see.
  • #47,539
  • Edited 10:24pm Jun 20, 2012 9:36pm | Edited 10:24pm
entered short @ 1.0183, sl 1.0203, tp open
Expect the unexpected.
  • #47,540
  • Jun 20, 2012 9:42pm Jun 20, 2012 9:42pm
Quoting Eric D
Hello DaddyBear, yes...sharp observation! there is a very clear triangle (seen for the 1 hour TF here) and it means market is undecided where to go I think, at least for the moment, redbox has been taking advantage of the 4H TF trend for what is seen on his chart, and so very good for him!

I feel price may head higher if it breaks the triangle up and also breaks the daily resistance 1.0220 level, could be a good point to start a bullish bias, but if it doesn't, a break down may give more importance to that resistance thus validating...
Hi Eric, your chart looks nice as usual. My view about the current triangle is that it is an ending triangle. Also, the PA was below the gravity center of the triangle. Together with H4 evening star formation, I see this a sign of a terminus. The law of the market sometimes reveals enough signals to us but our mind just ignore them all together.
daddybearforex. com
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