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AUD/USD

  • #48,481
  • Jul 3, 2012 8:11am Jul 3, 2012 8:11am
Hi,
very funny post.
At what levels will you take profits along the fall?
Thanks
Marc
Quoting DaddyBear
MARKET WATCH

Attention:
DaddyBear's cartoons are not indicators. Please do not apply them to your charts because they won't fit anyway.
  • #48,482
  • Jul 3, 2012 8:17am Jul 3, 2012 8:17am
Quoting DaddyBear
While surfing on a huge wave, the bull experienced an extreme high until ....... Story developing..........
DaddyBear saw this image from a child's simple mind. A mind without technical or fundamental understandings at all. But, less is more.
daddybearforex. com
  • #48,483
  • Jul 3, 2012 8:19am Jul 3, 2012 8:19am
Quoting marcb
Hi,
very funny post.
At what levels will you take profits along the fall?
Thanks
Marc
When the water settles.
btw, the post was not intended to be funny only.
daddybearforex. com
  • #48,484
  • Edited 9:25am Jul 3, 2012 8:59am | Edited 9:25am
going up... doesn't seem to be any fall or any sign of a fall. o_O when does your picture become invalid? 1.0300?

Currently I would say it's 50% up or 50% down. It's up to the market to tell us this. anyone has any opinions on which way this market will move and why? I think reasons is more crucial and important than the prediction.

I'll go with what I think

Reasons for bulls: fundamentals: 27% manufacturing, no rate change from the expected. Nothing really bad for AUD
technicals: 1 hour chart. RSI going down but price is not. It's currently a bulls trends since June 1 so it would be hard to predict the top.

Reasons for bears: fundamentals: construction and factory orders for USD looks good. so economy is kinda improving. everything else is crap. NO QE3 coming unless news just wants to speculate that there will be. ECB interest rates coming up.
technicals: 4 hour chart it's overbrought for a while now. but still has room to go up. 1.0270-1.0280 strong resistance from the bigger fall a few months back.

I would say the bulls has a slight upper hand in this situation but I can't be sure. DB seems to be sure it's going down... but didn't state the reason. as of now... it's at 1.0270... which is just at the resistance level.

recommend to enter selling if it goes below 1.0050 or enter buying at 1.01000?
  • #48,485
  • Jul 3, 2012 9:20am Jul 3, 2012 9:20am
Quoting arcticpolar
going up... doesn't seem to be any fall or any sign of a fall. o_O when does your picture become invalid? 1.0300?

Currently I would say it's 50% up or 50% down. It's up to the market to tell us this. anyone has any opinions on which way this market will move and why? I think reasons is more crucial and important than the prediction.
There was no prediction whatsoever.

Market does not care how we think, believe or feel.
On the other hand,
Aussie does not care about how the market thinks, believes or feels.

When a big ship is tuning around, it takes time. Be patient! -Captain DB-
daddybearforex. com
  • #48,486
  • Jul 3, 2012 9:27am Jul 3, 2012 9:27am




#234



Patterns have an underlying mathematical structure.
  • #48,487
  • Jul 3, 2012 9:31am Jul 3, 2012 9:31am
Quoting DaddyBear
There was no prediction whatsoever.

Market does not care how we think, believe or feel.
On the other hand,
Aussie does not care about how the market thinks, believes or feels.

When a big ship is tuning around, it takes time. Be patient! -Captain DB-
of course the market does what it wishes... but the markets move because of some causes that made it move. moving without reason? but we as people definitely have a bias either up or down. I'm leaning more on the bulls currently. DB you must be more on the bears side... or else your pictures won't be showing such a bearish stance. perhaps i'm looking at your pictures wrong, but I don't know why you are leaning towards the bears.

I would prefer the bears... because I definitely would like to be a bull but not at these levels.
  • #48,488
  • Jul 3, 2012 9:34am Jul 3, 2012 9:34am
Quoting Amir_Forex




#234



Indeed useful. food for thought.
  • #48,489
  • Jul 3, 2012 9:38am Jul 3, 2012 9:38am
entered at 1.0272 short. small position. tp: 1.0200 sl: 1.0300
  • #48,490
  • Jul 3, 2012 9:45am Jul 3, 2012 9:45am
I try short at 1.0276, tight stoploss at 1.0286..g.luck for me =)
  • #48,491
  • Edited 10:10am Jul 3, 2012 9:58am | Edited 10:10am
Quoting DaddyBear
There was no prediction whatsoever.

Market does not care how we think, believe or feel.
On the other hand,
Aussie does not care about how the market thinks, believes or feels.

When a big ship is tuning around, it takes time. Be patient! -Captain DB-
Announcement:

Fire up all engines! Set the speed to the maximum! Boys, we are heading home!
-Captain DB-
daddybearforex. com
  • #48,492
  • Jul 3, 2012 9:58am Jul 3, 2012 9:58am
Quoting azmn396
I try short at 1.0276, tight stoploss at 1.0286..g.luck for me =)
Haha good luck to us both
  • #48,493
  • Jul 3, 2012 10:00am Jul 3, 2012 10:00am
Quoting arcticpolar
Haha good luck to us both
Are you changing your gender?
daddybearforex. com
  • #48,494
  • Jul 3, 2012 10:02am Jul 3, 2012 10:02am
Quoting DaddyBear
Are you changing your gender?
Are you saying that that's an inappropriate thing that a guy would say and only girls would say such things... If that's the case...sure I'm changing gender... Here's a happy face
  • #48,495
  • Jul 3, 2012 10:06am Jul 3, 2012 10:06am
Quoting arcticpolar
Haha good luck to us both
hehe..waiting for a nice drop
  • #48,496
  • Jul 3, 2012 10:14am Jul 3, 2012 10:14am
Quoting azmn396
hehe..waiting for a nice drop
Please sit tight and buckle up.
daddybearforex. com
  • #48,497
  • Jul 3, 2012 10:29am Jul 3, 2012 10:29am
Just woke up to see that price did bounce on the up trend line. She is heading north.
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FF journal: Peaks and Troffs
  • #48,498
  • Jul 3, 2012 10:30am Jul 3, 2012 10:30am
Quoting bogus
Just woke up to see that price did bounce on the up trend line. She is heading north.
15 more pips I'll be stopped out
  • #48,499
  • Jul 3, 2012 10:30am Jul 3, 2012 10:30am
Took a buy in AU @ 1.0275 SL @ 1.0234

TP1 : 1.0296 TP2 : 1.0407


http://optimus-forex-trader.blogspot.in
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  • #48,500
  • Jul 3, 2012 10:59am Jul 3, 2012 10:59am
Owh my...i'm hit hehe...
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