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Aussie Trading Room and Cartoons Gallery

  • Poll

  • Which time frames do you use in trading decision making?
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  • #1
  • First Post: Jul 19, 2012 1:42pm Jul 19, 2012 1:42pm
This thread is mainly focusing on Aussie trading. Whether you are bulls, bears or something in between, please feel at home here. This thread is based on the principle of the freedom of speech. However, there are some simple rules below:

 

  1. The messages are limited to Aussie trading and related personal exchanges.
  2. No cartoons are required to post any messages. But, they are welcome in this thread.
  3. No dirty or attacking languages in any forms are permitted.

This message will appear once a while to remind some rule breakers. This will be the only thread I will be posting my messages. I will monitor this thread closely and report any messages breaking the rules to FF in a timely manner. Now, let's go!

Attached Image
daddybearforex. com
  • #2
  • Edited 2:38pm Jul 19, 2012 1:58pm | Edited 2:38pm
While still believing in his sound fundies and professional charts, the Bear fell off the cliff after chased by the raging Bull all the way up .........

Attention: DaddyBear's cartoons are not indicators, please do not apply them to your charts because they won't fit anyway.
Interpretation: A retracement is underway. A "railway switching" to another TL is highly possible. This will lead to a new high. -IMHO-

Attached Image
daddybearforex. com
  • #3
  • Jul 19, 2012 2:08pm Jul 19, 2012 2:08pm
Will be interesting to see how the most over rated currency, country, economy - aud- fares in the next few months.
  • #4
  • Jul 19, 2012 2:14pm Jul 19, 2012 2:14pm
I have always enjoyed your wonderful cartoons clear with a simple message and will continue to do so.

Keep up your wonderful good work.

Cheers
  • #5
  • Jul 19, 2012 2:17pm Jul 19, 2012 2:17pm
Quoting hornsant
Will be interesting to see how the most over rated currency, country, economy - aud- fares in the next few months.
I agree with you that the Aussie is the most overvalued currency. But, the market can stay irrational much longer than what we can expect. Trade safely.
daddybearforex. com
  • #6
  • Jul 19, 2012 2:18pm Jul 19, 2012 2:18pm
Quoting payal
I have always enjoyed your wonderful cartoons clear with a simple message and will continue to do so.

Keep up your wonderful good work.

Cheers
Thanks. I will do my best.
daddybearforex. com
  • #7
  • Jul 19, 2012 2:37pm Jul 19, 2012 2:37pm
Quoting DaddyBear
This thread is mainly focusing on Aussie trading. Whether you are bulls, bears or something in between, please feel at home here. This thread is based on the principle of the freedom of speech. However, there are some simple rules below:

 

  1. The messages are limited to Aussie trading and related personal exchanges.
  2. No cartoons are required to post any messages. But, they are welcome in this thread.
  3. No dirty or attacking languages in any forms are permitted.

This message will appear once a while to remind some rule...

Although not a Buddhist, I like the concept of Zen very much. This is why I prefer using cartoons to express my views in a more subtle way.

When giving a view or an answer directly and explicitly, it would be very subjective in my opinion. By delivering a hidden message in a cartoon, the reader has to take a little bit time and effort to discover the message embedded in the cartoon.

Upon solving the 'puzzle', the answer belongs to that reader because he has used a fishing pole to catch the fish himself.
Attached Image
daddybearforex. com
  • #8
  • Jul 19, 2012 2:42pm Jul 19, 2012 2:42pm
Market Watch -071912

Aussie is expected to move south with certain velocity from this level.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-071912.JPG Size: 75 KB
daddybearforex. com
  • #9
  • Jul 19, 2012 3:38pm Jul 19, 2012 3:38pm
Quoting DaddyBear
While still believing in his sound fundies and professional charts, the Bear fell off the cliff after chased by the raging Bull all the way up .........
The Bear showed up at station 1.043XX and ordered the Bull train heading to the higher elevation to switch to another railway to ......

Attention: DaddyBear's cartoons are not indicators, please do not apply them to your charts because they won't fit anyway.
Attached Image (click to enlarge)
Click to Enlarge Name: RAILWAY.JPG Size: 182 KB
daddybearforex. com
  • #10
  • Jul 19, 2012 3:46pm Jul 19, 2012 3:46pm
Looking for 0,9161... Nice thread!
Attached Image (click to enlarge)
Click to Enlarge Name: 19julaussiedaily.PNG Size: 71 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #11
  • Jul 19, 2012 3:48pm Jul 19, 2012 3:48pm
Quoting Luis Carlos
Looking for 0,9161... Nice thread!
Be careful. The bull won't die so quickly.
daddybearforex. com
  • #12
  • Jul 19, 2012 3:54pm Jul 19, 2012 3:54pm
Quoting DaddyBear
Be careful. The bull won't die so quickly.
Waiting confirmation for bears, but my target is still 0,9161
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #13
  • Jul 19, 2012 4:14pm Jul 19, 2012 4:14pm
Quoting DaddyBear
Market Watch - 071912

Aussie is expected to move south with certain velocity from this level.
Market Watch - 071912 - Update

Aussie broke M5 TL and DMIM crossed above ADX.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-071912-2.JPG Size: 51 KB
daddybearforex. com
  • #14
  • Jul 19, 2012 4:19pm Jul 19, 2012 4:19pm
Glad to see you got the thread going papa...well here's that chart again with more lines...now that the bear has asked the bull to take another route maybe this chart has some validity for a move to the south side...




Attached Image (click to enlarge)
Click to Enlarge Name: audreverse.png Size: 85 KB
  • #15
  • Jul 19, 2012 4:27pm Jul 19, 2012 4:27pm
Quoting DaddyBear
Your chart is getting easier to read now. I am bullish as well but nothing goes straight up. I guess your buy zone is based on H4 LTL. What if it breaks? What is your plan B?
Oops forgot the best part. Well, if I got in at 1.0360 I would set a fairly tight stop, around 1.0340. I would not consider exiting my full position, or even going short, unless I saw breaks of both the major and minor 38.2 fib lines I have on my chart, I've highlighted possible shorting zones with the long red ellipse, but time is a factor, and that scenario I wouldn't see likely(if at all) for at least several days or even weeks.
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Attached Image (click to enlarge)
Click to Enlarge Name: 7-19-2012 11.59.15 AM.png Size: 29 KB
  • #16
  • Jul 19, 2012 4:29pm Jul 19, 2012 4:29pm
Quoting DaddyBear
You do have a sense of humor. I am thinking about the 50.0 fib line which is very feasible to be a short-term support. -IMHO-
Well I just drew the fib retracement, and I noticed 1.0360 is also the 23.6 retracement level. 50% is a long way off, but yes it could get there, and still remain overall bullish. I would be looking more at the 23.6 or 38.2 levels for re-entry IF I was looking to go long again.
Attached Image (click to enlarge)
Click to Enlarge Name: 7-19-2012 12.19.37 PM.png Size: 22 KB
  • #17
  • Jul 19, 2012 5:05pm Jul 19, 2012 5:05pm
I used the same FIB 61.80% to gauge Aussie's move like that used by others. The market proved this gauge was not the right tool. The better one is the FIB 61.80% (1.0433) of July 2011 high and Oct 2011 low.
daddybearforex. com
  • #18
  • Jul 19, 2012 5:06pm Jul 19, 2012 5:06pm
Quoting DaddyBear
I used the same FIB 61.80% to gauge Aussie's move like that used by others. The market proved this gauge was not the right tool. The better one is the FIB 61.80% (1.0433) of July 2011 high and Oct 2011 low.
Furthermore, 1.0433 is the approximate intersection of this FIB 61.80% and H1 UTL. This fact reinforces the probability of the capping of current bull move at this point. -IMHO-
daddybearforex. com
  • #19
  • Jul 19, 2012 5:07pm Jul 19, 2012 5:07pm
Quoting DaddyBear
Furthermore, 1.0433 is the approximate intersection of this FIB 61.80% and H1 UTL. This fact reinforces the probability of the capping of current bull move at this point. -IMHO-
What is next? The probability of a retracement is higher than a reversal. The rationale behind this judgement is that the current counter trend move since June 1 is incomplete IMHO. This was my vision against the half picture view of bears last week. And, this is still my vision of the bigger picture now.
daddybearforex. com
  • #20
  • Jul 19, 2012 5:09pm Jul 19, 2012 5:09pm
Quoting DaddyBear
What is next? The probability of a retracement is higher than a reversal. The rationale behind this judgement is that the current counter trend move since June 1 is incomplete IMHO. This was my vision against the half picture view of bears last week. And, this is still my vision of the bigger picture now.
After looking at charts from M1 to daily, I would say the law of market is prevailing. The underlying power of the natural number series discovered by Fibonacci 700 some years ago overrides all man-made fundies and indicators combined. This is the natural power I would tap definitely.
daddybearforex. com
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