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  • #41
  • Jul 19, 2012 7:34pm Jul 19, 2012 7:34pm
Quoting FXMindset
Morning Aussie


Morning Cute DB Papa
Bro, I kind of wondering, where are you from really? I remember once I saw you posted a message in Indo language, but then again you wrote Japanese. Blasteran ye?
  • #42
  • Jul 19, 2012 7:38pm Jul 19, 2012 7:38pm
Quoting DaddyBear
Seems to me, you believe current TL will continue for sometime to come. But, there is a high probability of 'railway switch' as depicted in DB's cartoon today. It is this reason I believe FIB 50.0 is not a remote possibility. -IMHO-
Problem is FIB 50.0 is based on a VERY recent high, which we don't know if that will actually be the high, even a few minutes from now. I think there is quite a good chance that there will be NO retracement, maybe not even back down to 1.0360, and it could just keep going past 1.0500. Its a dangerous place to be shorting IMO.
Earlier you mentioned the 61.8 retracement from the February high and the June low as a significant level, and I think it was. You later said it wasn't the correct level to use, but I think it was, it just got broken. I would look at that level now as support. Next resistance level based on FIBS would be the 1.272 extension from the june low to the most recent high on July 5th, which would be at around 1.0525.
Attached Image
  • #43
  • Jul 19, 2012 7:40pm Jul 19, 2012 7:40pm
http://www.image-upload.net/di/ZTAD/...0be7a8822e.png
  • #44
  • Jul 19, 2012 7:40pm Jul 19, 2012 7:40pm
Quoting petehnm
thanks papa....I appreciate the lures you suggested it's making it that much more interesting...by the way I'm using fxcm tradestation and they don't have DMIN or DMIP would you know where i can download them...thanks again...
I looked at your chart again and found that fxcm tradestation does have DMIP (blue line) and DMIM (red line). You are in good hands. The only issue is fxcm separates ADX from DMIP and DMIM so you cannot see the crossovers among them. This is a drawback for sure.
daddybearforex. com
  • #45
  • Jul 19, 2012 7:42pm Jul 19, 2012 7:42pm
Quoting irfandbl
I have no idea as of yet, maybe around 1.0200, but it's not going to get there easily, at least not today. No body seems keen on the USD lately
When nobody seems keen on the USD, it's time to be careful of risk assets. -IMHO-
daddybearforex. com
  • #46
  • Jul 19, 2012 7:47pm Jul 19, 2012 7:47pm
Quoting feardox
http://www.image-upload.net/di/ZTAD/...0be7a8822e.png
WOW! This is a very G (gorgeous) cartoon! I would have to give a A++. Thank you for posting such a fun for everybody.
daddybearforex. com
  • #47
  • Jul 19, 2012 7:47pm Jul 19, 2012 7:47pm
Quoting irfandbl
I have no idea as of yet, maybe around 1.0200, but it's not going to get there easily, at least not today. No body seems keen on the USD lately
am darkness
If there was easy money lying around,no one would be forcing it into your
  • #48
  • Jul 19, 2012 7:50pm Jul 19, 2012 7:50pm
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.
I agree ...would like to take a long from 1.0395 if it's reached.....
  • #49
  • Jul 19, 2012 7:52pm Jul 19, 2012 7:52pm
Quoting DaddyBear
When nobody seems keen on the USD, it's time to be careful of risk assets. -IMHO-
Be careful as in, stay away to go long at them or the other way around? Well either way, this thing needs to go down so the bulls can get better entries

Quoting FXMindset
am darkness
ok Bro, then darkness you are
  • #50
  • Jul 19, 2012 7:58pm Jul 19, 2012 7:58pm
Am a relative newcomer to this site and this thread, have been watching from the sidelines. But that god-like Ben Bernanke prompted me to write. Great cartoon. Enjoying this thread much better than the previous one.

1H chart shows MACD and Bollinger both pointing south. Bollinger looks ready to pop soon.
  • #51
  • Jul 19, 2012 7:58pm Jul 19, 2012 7:58pm
Quoting Aldente
Problem is FIB 50.0 is based on a VERY recent high, which we don't know if that will actually be the high, even a few minutes from now. I think there is quite a good chance that there will be NO retracement, maybe not even back down to 1.0360, and it could just keep going past 1.0500. Its a dangerous place to be shorting IMO.
Earlier you mentioned the 61.8 retracement from the February high and the June low as a significant level, and I think it was. You later said it wasn't the correct level to use, but I think it was, it just got broken. I...
Aldente, very good point. However, I look at chart with pattern language. I add 4 circles to your chart. The same color represents the same patterns. I believe that the same red pattern may happen again at current level. -IMHO-
Attached Image (click to enlarge)
Click to Enlarge Name: A-071912.JPG Size: 78 KB
daddybearforex. com
  • #52
  • Jul 19, 2012 7:59pm Jul 19, 2012 7:59pm
http://www.image-upload.net/di/HKPT/...bd20613f52.png
  • #53
  • Jul 19, 2012 8:01pm Jul 19, 2012 8:01pm
http://www.image-upload.net/di/AKC2/...2e8d0ee409.png
  • #54
  • Jul 19, 2012 8:02pm Jul 19, 2012 8:02pm
Quoting petehnm
I agree ...would like to take a long from 1.0395 if it's reached.....
Don't jump ship too soon. -IMHO-
daddybearforex. com
  • #55
  • Jul 19, 2012 8:04pm Jul 19, 2012 8:04pm
Quoting feardox
http://www.image-upload.net/di/HKPT/...bd20613f52.png
Cannot believe my eyes! So wonderful!
daddybearforex. com
  • #56
  • Edited 8:35pm Jul 19, 2012 8:05pm | Edited 8:35pm
Quoting petehnm
thanks papa....I appreciate the lures you suggested it's making it that much more interesting...by the way I'm using fxcm tradestation and they don't have DMIN or DMIP would you know where i can download them...thanks again...
take a look here,many indicators for fxcm tradestation
http://fxcodebase.com
  • #57
  • Jul 19, 2012 8:13pm Jul 19, 2012 8:13pm
Quoting feardox
http://www.image-upload.net/di/AKC2/...2e8d0ee409.png
Comparing with your cartoons, DB's cartoons are like lures and yours are like big fishes. May be I should borrow one haters' words. He denounced DB's cartoons as childish nonsense. After seeing your cartoons, I have to say he was "right on the money".
daddybearforex. com
  • #58
  • Jul 19, 2012 8:16pm Jul 19, 2012 8:16pm
Quoting DaddyBear
I looked at your chart again and found that fxcm tradestation does have DMIP (blue line) and DMIM (red line). You are in good hands. The only issue is fxcm separates ADX from DMIP and DMIM so you cannot see the crossovers among them. This is a drawback for sure.

very cool...thanks for the info papa...
  • #59
  • Jul 19, 2012 8:32pm Jul 19, 2012 8:32pm
Quoting DaddyBear
Aldente, very good point. However, I look at chart with pattern language. I add 4 circles to your chart. The same color represents the same patterns. I believe that the same red pattern may happen again at current level. -IMHO-
Furthermore, when placing an imaginary mirror between two blue patterns, one can see a reversed reflection at current level. I see this image with my mind not with my eyes. This vision may be denounced by some people in A/U thread but not here. We are born free people in this thread not online slaves anymore!
Attached Image (click to enlarge)
Click to Enlarge Name: A-071912-MIRROR.JPG Size: 82 KB
daddybearforex. com
  • #60
  • Jul 19, 2012 8:36pm Jul 19, 2012 8:36pm
Quoting DaddyBear
Furthermore, when placing an imaginary mirror between two blue patterns, one can see a reversed reflection at current level. I see this image with my mind not with my eyes. This vision may be denounced by some people in A/U thread but not here. We are born free people in this thread not online slaves anymore!
I like that mirror strategy but lets not forget.. its friday tomorrow, banks usually like to close their weekly trades so we will see a nice drop before market closing, then resume the mirror upwards until it completes that trend, then recover/restore back downtrend before going back up again.
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