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AUD/USD

  • #49,861
  • Jul 13, 2012 12:44pm Jul 13, 2012 12:44pm
Quoting DaddyBear
We just passed 1.0220 pass at this small mount. I can see the 1.0300 peak from this with a clear view. Let me figure out how long it will take to be there .........
Hotel 1.0240 may be a good place to stay during this weekend. -IMHO-
daddybearforex. com
  • #49,862
  • Jul 13, 2012 1:00pm Jul 13, 2012 1:00pm
Quoting DaddyBear
Sorry, igkid, I forgot to say "ARDIOS!" to you before passing 1.0220.
What u mean? This is not English word!?
  • #49,863
  • Jul 13, 2012 1:03pm Jul 13, 2012 1:03pm
That 1.0225 area looks like a rock but I still think ur in a good position IF the the 50% retrace on the weekly holds if it dosent might be some problems happens to be the daily pivot as well
  • #49,864
  • Jul 13, 2012 1:03pm Jul 13, 2012 1:03pm
Quoting egkid
What u mean? This is not English word!?
Spanish - used to express farewell.
daddybearforex. com
  • #49,865
  • Jul 13, 2012 1:06pm Jul 13, 2012 1:06pm
Quoting DaddyBear
Spanish - used to express farewell.

wrong, spanish is "ADIOS"
Use me as a contrarian indicator
  • #49,866
  • Jul 13, 2012 1:08pm Jul 13, 2012 1:08pm
Quoting DaddyBear
Spanish - used to express farewell.
Not A Spanish or u need to learn Spanish
As i know it's ˇadiós
BTW how old r u?
  • #49,867
  • Jul 13, 2012 1:17pm Jul 13, 2012 1:17pm
Quoting egkid
Not A Spanish or u need to learn Spanish
As i know it's ˇadiós
BTW how old r u?
Sorry. I made a wrong spelling. I was born in 19XX.
daddybearforex. com
  • #49,868
  • Jul 13, 2012 1:24pm Jul 13, 2012 1:24pm
Quoting redbox
thank you for your nice word.

have a nice weekend.
hope you happy and free from suffering.
Sabbe satta bhavantu...
If there was easy money lying around,no one would be forcing it into your
  • #49,869
  • Jul 13, 2012 1:25pm Jul 13, 2012 1:25pm
Quoting DaddyBear
Spanish - used to express farewell.
The word is Adios
julio
  • #49,870
  • Jul 13, 2012 1:47pm Jul 13, 2012 1:47pm
Quoting Niranj
I know this is not exactly the right thread but i want to share my trade and i am bit late in posting it.

AUD/NZD on hitting a high of 1.3048 on 18th May,2012 retraced to the low level of 1.2673 on 26th June,2012 and since than has been bullish. On 11th of July, 2012 it retraced back to 61.8% fib level at 1.2904 on extension of 1.2673-1.3048.

On 12th July it retraced back to 1.2820 which is fib level of 38.2 on extension of 1.2673-1.2904.
Also there is strong trend line which encourages me to take a short long position with a tight SL at...
this hit my profit target as suggested in the post above using charts
  • #49,871
  • Jul 13, 2012 4:12pm Jul 13, 2012 4:12pm
Quoting DaddyBear
Spanish - used to express farewell.
hahaahahhaa im spanish... ARDIOS???? Are you trying say ADIOS?
Adios = goodbye
  • #49,872
  • Jul 13, 2012 7:48pm Jul 13, 2012 7:48pm
Quoting DonL
PA has been following this trend line for the past several hours, rejecting it as a bottom until the last 30 minutes where it has been rejecting it as a top.

I'm short at 1.0172

Just has to get past the 125 sma which seems to be fairly influential on the 5 min chart.
The PA last session followed the 125 on a 5 min chart until rejection of that level allowed the vault up to1.0216.
Fortunately I closed my short as PA followed the 125 SMA back to 1.0170 for a breakeven. And none too soon!!

AS I Missed the vault up!!! .....My cable internet provider decided to down their complete network for maintenance over the next 7 hours. Wish they would send out a notification of when they are going to do that sort of thing!!! Really ticks me off!

Oh Well! at least I finished the day in positive territory! Just that extra 40 to 50 pips would have been nice.
  • #49,873
  • Jul 13, 2012 10:48pm Jul 13, 2012 10:48pm
?
Attached Image(s) (click to enlarge)
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  • #49,874
  • Jul 13, 2012 11:06pm Jul 13, 2012 11:06pm
Quoting DonL
The PA last session followed the 125 on a 5 min chart until rejection of that level allowed the vault up to1.0216.
Fortunately I closed my short as PA followed the 125 SMA back to 1.0170 for a breakeven. And none too soon!!

AS I Missed the vault up!!! .....My cable internet provider decided to down their complete network for maintenance over the next 7 hours. Wish they would send out a notification of when they are going to do that sort of thing!!! Really ticks me off!

Oh Well! at least I finished the day in positive territory! Just that...
PA doesn't follow MA's, it's the other way around.
Don't get mad, get even!
  • #49,875
  • Jul 13, 2012 11:43pm Jul 13, 2012 11:43pm
Quoting stulic
PA doesn't follow MA's, it's the other way around.
Thank you for correcting me. I do realize that MA's are generated by Price action. If you were offering that as helpful, I appreciate it.

Just be aware that I also realize that traders often use them as points of reference when making a decision to enter or leave a trade.

Unless the moving average is on a very small time frame, they don't exactly follow current price action and can become an influence on current price action. Otherwise they would be meaningless to observe.
  • #49,876
  • Jul 14, 2012 10:58am Jul 14, 2012 10:58am
I like fib fans when projecting potential targets. If 1.0280 is breached early next week, which seems likely given the current momentum, then I see a possible continuation to the 1.0400 level. The thickest blue line in the middle is the 38.2 fan line from the all-time low to the all-time high.
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  • #49,877
  • Edited 12:51pm Jul 14, 2012 11:01am | Edited 12:51pm
Note: This message is for those people who are interested in understanding how I think about the Forex trading. If you are not interested in this topic please skip or ignore this. Thanks.

I received some members' PM yesterday regarding some questions. I would like to provide my answers in this forum without disclosing their user names.

One question was related to EW count. As I mentioned before, EW count is a double-edged sword and continuing evolving. When a person still cannot master EW principle, giving a direct answer may cause an adversary consequence.

The issue is that EW count is closely related to the time frames. There are so many time frames during any given moment. When a question is asked without specifying the time frame, there cannot be a definite answer.

DaddyBear owns a fishing gears store not a fish stand.

My suggestion is please go online to find "answers" yourself. There are some free EW count websites. One can use all information to evaluate EW count with more objective findings.

Another issue is the sentiment. Some members mentioned that I had "right" sentiment during last couple sessions. While using sentiment is nothing wrong, I'd say it was not a sentiment but a direction instead.

The difference between these two is that a sentiment is a feeling or an expectation, but on the other hand, a direction is one's vision.

I have seen many discussions related to fundamentals and technical analysis. These discussions are all valuable to certain degree. However, the question is that after China's so-so GDP, Aussie moved up. Furthermore, after a bad US confidence, Aussie rallied. Can any fundi men explain this to me? While some fundi men focus heavily on Aussie's economy, they did not discuss Aussie's biggest buyer's fundamentals in a similar depth. Talking about the data alone would not touch the core issues of a big country like China. Furthermore, while Aussie has a lot of natural resources, China has much more natural resources. This point was completely ignored in those fundi discussions.

My point is that fundamentals and technical can be used as references only. There is a much more powerful underlying force driving the market moves. Some people believe formal discussions of fundamentals or showing professional charting are the mainstreams. They view DaddyBear's cartoons silly, ridiculous and childish nonsense. My response is such an idea is childish nonsense at best.

It does not matter how you express your messages. Let me make it clear, I have designed and tested thousands custom indicators during last five years. I am capable of showing charts with clear directions not if or but like some BULLEARs did. However, I firmly believe that if a chart shows wrong direction, no matter how professional look it is, it's value would be negative.

In the end, the correct direction of the market's next move is the only thing matters regardless of how a person expresses his/her messages. DaddyBear's cartoons may be silly. But, those critics may not realize until now that it's exactly the way I have been intended to express my messages. If I can use one silly cartoon to show correct direction of market's next move, why should I write a lengthy and "boring" message like this one?
daddybearforex. com
  • #49,878
  • Jul 14, 2012 11:46am Jul 14, 2012 11:46am
Quoting DaddyBear
Note: This message is for those people who are interested in understanding how I think about the Forex trading. If you are not interested in this topic please skip or ignore this. Thanks.

I received some members' PM yesterday regarding some questions. I would like to provide my answers in this forum without disclosing their user names.

One question was related to EW count. As I mentioned before, EW count is a double-edged sword and continuing evolving. When a person still cannot master EW principle, giving a direct answer may cause...
i was waiting a new cartoon and just find a bored post hahahaha...
your cartoons are so feckin funny... just ignore the haters...
  • #49,879
  • Edited 12:31pm Jul 14, 2012 11:58am | Edited 12:31pm
Quoting Itrade24h
i was waiting a new cartoon and just find a bored post hahahaha...
your cartoons are so feckin funny... just ignore the haters...
Itrade24h, you are absolutely right. My previous message was indeed boring like some other lengthy analyses we have seen. You just proved one of my key point, a picture is worth a thousand words. A silly cartoon is actually much easier for people to understand than its writing counterpart. In addition, do we have to dress up in order to trade Forex market at home? Does trading have to be so stressful? I'd choose waring pajamas all the time. Why not?
daddybearforex. com
  • #49,880
  • Jul 14, 2012 12:23pm Jul 14, 2012 12:23pm
Quoting DaddyBear
Itrade24h, you are absolutely right. My previous message was indeed boring like some other lengthy analyses we have seen. You just proved one of my key point, a picture is worth one thousand words. A silly cartoon is actually much easier for people to understand than its writing counterpart. In addition, do we have to dress up in order to trade Forex market at home? Does trading have to be so stressful? I'd choose waring pajamas all the time. Why not?
Man,you dont violate any rule... i prefer see your pictures that the charts of the people that dont know how to draw correctly the trend lines, resistences, supports....
That hurt my eyes,your cartoons dont...
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