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AUD/USD

  • #47,761
  • Jun 25, 2012 4:05am Jun 25, 2012 4:05am
Quoting Hookem28
Here comes the parity test. Next stop after that, .9930.
HER TEST THIS TIME MAYBE
If you are new to Forex? Say Goodbye to your account!!
  • #47,762
  • Jun 25, 2012 5:05am Jun 25, 2012 5:05am
There it is, bring on .9930!
  • #47,763
  • Jun 25, 2012 5:08am Jun 25, 2012 5:08am
Quoting nelso
There it is, bring on .9930!
Have to make sure it is a real break. I'm waiting until .9990

So short @.9990
SL @1.0005
Tp @.9935
  • #47,764
  • Jun 25, 2012 5:45am Jun 25, 2012 5:45am
Quoting PipSwing
Have to make sure it is a real break. I'm waiting until .9990

So short @.9990
SL @1.0005
Tp @.9935
I've been short since 1.0031.. Taking profit @ 0.9970 trying not to hold on to anything too long..
  • #47,765
  • Jun 25, 2012 6:22am Jun 25, 2012 6:22am
Quoting DaddyBear
After rolling off the cliff, the bull is falling toward somewhere down below. Because the dense fog, the visibility is very low. Fortunately, there is a parity net. Unfortunately, the net is not UL listed. Story developing.....
The falling bull was caught by the parity net. Whether or not the net can sustain the heavy weight of the falling ball is remained to be seen. Story developing.......
Attached Image (click to enlarge)
Click to Enlarge Name: Parity Net.JPG Size: 61 KB
daddybearforex. com
  • #47,766
  • Jun 25, 2012 6:48am Jun 25, 2012 6:48am
Quoting DaddyBear
The falling bull was caught by the parity net. Whether or not the net can sustain the heavy weight of the falling ball is remained to be seen. Story developing.......
Love it
By our actions we are known
  • #47,767
  • Jun 25, 2012 7:01am Jun 25, 2012 7:01am
Quoting Hookem28
Here comes the parity test. Next stop after that, .9930.
If she makes .9930 she will at least make .9900. 50% retracement from June 1 low of .9580 to June 20 high of 1.0223. 61% retrace comes in around .9825.
  • #47,768
  • Jun 25, 2012 7:08am Jun 25, 2012 7:08am
Quoting Goody
Love it
Thanks. There are a few more cartoons before this one.
-DB-
daddybearforex. com
  • #47,769
  • Jun 25, 2012 7:20am Jun 25, 2012 7:20am
Quoting Intrepid32
If she makes .9930 she will at least make .9900. 50% retracement from June 1 low of .9580 to June 20 high of 1.0223. 61% retrace comes in around .9825.
You are attempting to measure an adult's height with a child's scale.
daddybearforex. com
  • #47,770
  • Jun 25, 2012 8:02am Jun 25, 2012 8:02am
Quoting Hookem28
He's been pretty consistently saying the bears are hopping on board, and it's headed lower. Just seems unsure about the level of retracement.
The way I see it is that it dropped hard on Thursday, and the market took a pause on Friday. There wasn't any risk sentiment on Friday, but nobody wanted to short after such a large move down. Today it dropped below the flag formation so I expect it to test parity. If it breaks then we are in for the next leg down.
I have a big picture as to how far Aussie will drop. The retracement already completed last Wednesday. The current move is not a retracement but a part of the main trend.
daddybearforex. com
  • #47,771
  • Jun 25, 2012 8:26am Jun 25, 2012 8:26am
Quoting DaddyBear
I have a big picture as to how far Aussie will drop. The retracement already completed last Wednesday. The current move is not a retracement but a part of the main trend.
It all depends on your time frame. There is no doubt that the long-term trend is down. The rally was based on hopes for QE3 or some other large stimulus measure and to a lesser degree the Aussie not cutting interest rates. When the stimulus expectations were not met, the trend continues.
There really isn't a strong case for the Aussie to go up right now. The world economy is contracting (including China slowing this time), and the Greek govt is still in fantasy land thinking Merkel will budge. Gold is slumping also.
No matter what CNBC writes, the Aussie is a risk on currency and always will be.
But more than that, technically the Aussie rolled over after touching the 50 Fib. Its rally was very feeble on Friday, and it's already made new lows today.
  • #47,772
  • Jun 25, 2012 8:37am Jun 25, 2012 8:37am
Quoting DaddyBear
Good morning, Hookem28.
Based on the Fibonacci numbers sequence, I projected a drop of 144 pips from 1.0970. It shall be around 0.9953. The monthly pivot is 0.99463. The falling bull may be held up by the elasticity of the parity net between these two numbers. -IMHO-
Using a larger scale Fibonacci reversed "retracement", 61.80% is 0.99498. This is very close to 0.99497, which is the average of 0.9953 and 0.99463. This price mark may serve as the landing pad of the falling bull.
daddybearforex. com
  • #47,773
  • Jun 25, 2012 8:40am Jun 25, 2012 8:40am
So.... Which is the best advise for AUDUSD at this time?
I'm confuse....
  • #47,774
  • Jun 25, 2012 8:42am Jun 25, 2012 8:42am
Quoting Hookem28
It all depends on your time frame. There is no doubt that the long-term trend is down. The rally was based on hopes for QE3 or some other large stimulus measure and to a lesser degree the Aussie not cutting interest rates. When the stimulus expectations were not met, the trend continues.
There really isn't a strong case for the Aussie to go up right now. The world economy is contracting (including China slowing this time), and the Greek govt is still in fantasy land thinking Merkel will budge. Gold is slumping also.
No matter what CNBC writes,...
I agree with your view. This is the second time CNBC writes about Aussie's "Safe-Haven" status. I will look into this issue with a magnifier.
daddybearforex. com
  • #47,775
  • Jun 25, 2012 8:45am Jun 25, 2012 8:45am
I wish to break 0.9820
  • #47,776
  • Jun 25, 2012 8:48am Jun 25, 2012 8:48am
Quoting siforex
So.... Which is the best advise for AUDUSD at this time?
I'm confuse....
One who is not confused will be able to see the direction of the traffic flow.

One who is confused will be ........
daddybearforex. com
  • #47,777
  • Jun 25, 2012 8:51am Jun 25, 2012 8:51am
Quoting siforex
I wish to break 0.9820
Me too. But, DaddyBear once said that "bull gotta do what bull gotta do." We shall see.
daddybearforex. com
  • #47,778
  • Jun 25, 2012 8:52am Jun 25, 2012 8:52am
anyone has ABC indicator
  • #47,779
  • Jun 25, 2012 8:52am Jun 25, 2012 8:52am
Quoting DaddyBear
One who is not confused will be able to see the direction of the traffic flow.

One who is confused will be ........
That's right
0.992xx - 0.982xx - 0.958xx -
I have direction now
  • #47,780
  • Jun 25, 2012 8:54am Jun 25, 2012 8:54am
Quoting DaddyBear
Me too. But, DaddyBear once said that "bull gotta do what bull gotta do." We shall see.
Yes...yes...yes.....
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