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  • #81
  • Jul 19, 2012 9:40pm Jul 19, 2012 9:40pm
Quoting Aldente
reverse mirror?
Attachment
so ur prediction or analysis is for price to fall towards 1.028? Nice. hope it get there . I am looking at 1.0375 for the next few hours if its really falling down.
  • #82
  • Edited 9:58pm Jul 19, 2012 9:43pm | Edited 9:58pm
Quoting DaddyBear
I am looking at two levels (not targets). FIB 61.8 = 1.0233 and FIB 76.4 = 1.0183. Seems to me, the later has more weight of historic importance than the former. -IMHO-
The former level 1.0233 may hold the downside/correction as it is the cloud top on the weekly chart and the bottom of the trendline drawn from May 27 low.
Attached Image (click to enlarge)
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  • #83
  • Jul 19, 2012 9:48pm Jul 19, 2012 9:48pm
Quoting payal
The former level 1.0233 may hold the downside/correction as it is the cloud top on the weekly chart and the bottom of the trendline drawn from May 27 low.
1.0233 could be point 1 and 1.0183 could be point 3. -IMHO-
Attached Image
daddybearforex. com
  • #84
  • Jul 19, 2012 9:53pm Jul 19, 2012 9:53pm
Quoting 5percent
so ur prediction or analysis is for price to fall towards 1.028? Nice. hope it get there . I am looking at 1.0375 for the next few hours if its really falling down.
No, not really I am just messing around with patterns there. What I actually think is that it will go higher, with only minimal or NO retracement. I have a buy order at 1.0360 that I wouldn't be surprised if it didn't get filled.
  • #85
  • Jul 19, 2012 9:57pm Jul 19, 2012 9:57pm
Quoting DaddyBear
doblece, you are great because you are the first one who really read my mind. I saw the same thing like yours. Hope you don't mind that I borrowed your chart and added a little bit flavor to the current retracement with a tiny red pen.
LOL! No problem, I borrowed yours first!

BTW thanks for a breather (and funnier too) Aussie thread.

Seems that 1.0220 also coincides with Aldente's Fibonacci fan (38.2% level on Daily). Although 1.0233 is indeed a safer target.
  • #86
  • Jul 19, 2012 10:09pm Jul 19, 2012 10:09pm
Quoting doblece
LOL! No problem, I borrowed yours first!

BTW thanks for a breather (and funnier too) Aussie thread.

Seems that 1.0220 also coincides with Aldente's Fibonacci fan (38.2% level on Daily). Although 1.0233 is indeed a safer target.
The reason I value 1.0183 more than 1.0233 is based on the portion to the left of your chart.
Attached Image (click to enlarge)
Click to Enlarge Name: D-071712-3.JPG Size: 92 KB
daddybearforex. com
  • #87
  • Jul 19, 2012 10:16pm Jul 19, 2012 10:16pm
Quoting DaddyBear
The reason I value 1.0183 more than 1.0233 is based on the portion to the left of your chart.
Crikey, 8hrs and 6 pages
Hey Daddy Bear, I want to apologise for teasing your method of communication, I just thought you were doing your best to be aloof and I couldn't resist.
You have quite a following
Wish you all the best with your generosity and trading
take care
Come with me if you want to live....
  • #88
  • Jul 19, 2012 10:18pm Jul 19, 2012 10:18pm
Quoting Ill-b-back
Crikey, 8hrs and 6 pages
Hey Daddy Bear, I want to apologise for teasing your method of communication, I just thought you were doing your best to be aloof and I couldn't resist.
You have quite a following
Wish you all the best with your generosity and trading
take care
Nice to "see" you here. You are always welcome whether you are a bull, a bear or something in between. Thanks bro.
daddybearforex. com
  • #89
  • Jul 19, 2012 10:30pm Jul 19, 2012 10:30pm
Quoting doblece

Seems that 1.0220 also coincides with Aldente's Fibonacci fan (38.2% level on Daily). Although 1.0233 is indeed a safer target.
Hmm something like this?

I see 2 areas of confluence right now, the major 50% FIB and minor 61.8, and depending on time, possibly the 38.2 fan line. That would be right around 1.0220 and yes I would call that major support IF it got there. The other would be the major 61.8 FIB and minor 23.6 FIB, at around 1.0360.
Attached Image (click to enlarge)
Click to Enlarge Name: 7-19-2012 10.21.29 PM.png Size: 34 KB
  • #90
  • Jul 19, 2012 10:38pm Jul 19, 2012 10:38pm
http://www.asx.com.au/index.htm


Look at the trend of the S&P/ASX200.
  • #91
  • Jul 19, 2012 10:38pm Jul 19, 2012 10:38pm
Quoting DaddyBear
Nice to "see" you here. You are always welcome whether you are a bull, a bear or something in between. Thanks bro.
Come with me if you want to live....
  • #92
  • Jul 19, 2012 10:40pm Jul 19, 2012 10:40pm
Quoting Aldente
Hmm something like this?

I see 2 areas of confluence right now, the major 50% FIB and minor 61.8, and depending on time, possibly the 38.2 fan line. That would be right around 1.0220 and yes I would call that major support IF it got there. The other would be the major 61.8 FIB and minor 23.6 FIB, at around 1.0360.
Attachment
From my chart reading, 1.0220 is more likely than 1.0360. First, a retracement of only 80 pips may be only for one wave's length. In other words, the pattern will be incomplete. Second, at 1.0220, the retracement would be 220 pips. From Proportion viewpoint, I would take 1.0220. A drop of 220 pips is really nothing to Aussie if it happens in 2 to 3 sessions. -IMHO-
daddybearforex. com
  • #93
  • Jul 19, 2012 10:43pm Jul 19, 2012 10:43pm
Quoting leticus
http://www.asx.com.au/index.htm


Look at the trend of the S&P/ASX200.
So, what is your take of Aussie's next move? Could you explain the trend of the S&P/ASX200? Thanks. -DB-
daddybearforex. com
  • #94
  • Jul 19, 2012 10:46pm Jul 19, 2012 10:46pm
Quoting DaddyBear
So, what is your take of Aussie's next move? Could you explain the trend of the S&P/ASX200? Thanks. -DB-
Hi DB, deep respects to you. I am a Business Analytics Forex Trader hence i will always put fundamentals as first place then combined with technicals.

Currently, S&P/ASX200 is always directly co-related to the AUD currency. Now its going down in deep speed.

We will see how it goes, seems like the fundamentals are respecting the technicals, or either way.
  • #95
  • Jul 19, 2012 10:53pm Jul 19, 2012 10:53pm
Quoting Aldente
Hmm something like this?

I see 2 areas of confluence right now, the major 50% FIB and minor 61.8, and depending on time, possibly the 38.2 fan line. That would be right around 1.0220 and yes I would call that major support IF it got there. The other would be the major 61.8 FIB and minor 23.6 FIB, at around 1.0360.
Attachment
Yes, although on Daily charts.

The intersection of three lines: a strong sup/res near 1.0220 (1.0223-1.0225), the rising trendline and the 38.2 Fibo fan from the whole swing high.

The projection of the height of the rising wedge (about 350 pips) from a break at the 1.0370-380 level would reach lower at the 61.8 level (1.0030 approximatively).
Attached Image (click to enlarge)
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  • #96
  • Jul 19, 2012 10:54pm Jul 19, 2012 10:54pm
Quoting leticus
Hi DB, deep respects to you. I am a Business Analytics Forex Trader hence i will always put fundamentals as first place then combined with technicals.

Currently, S&P/ASX200 is always directly co-related to the AUD currency. Now its going down in deep speed.

We will see how it goes, seems like the fundamentals are respecting the technicals, or either way.
Oh really. It's good news for bears. Is there a link of S&P/ASX200 available online?
daddybearforex. com
  • #97
  • Jul 19, 2012 10:57pm Jul 19, 2012 10:57pm
Quoting DaddyBear
Oh really. It's good news for bears. Is there a link of S&P/ASX200 available online?
Yes, the link is here :http://www.asx.com.au/asx/statistics/indexInfo.do
  • #98
  • Jul 19, 2012 10:58pm Jul 19, 2012 10:58pm
Attached Image


... couldn't resist.

Time to get some sleep I guess.
Much pips to you all!
  • #99
  • Jul 19, 2012 11:04pm Jul 19, 2012 11:04pm
Quoting doblece
Attachment

... couldn't resist.

Time to get some sleep I guess.
Much pips to you all!
Man, you are another fierce competitor of DaddyBear. Very good cartoon! I kept "Bearull" in my tool box and you publish it first. You really read my mind. Great!
daddybearforex. com
  • #100
  • Jul 19, 2012 11:11pm Jul 19, 2012 11:11pm
Quoting DaddyBear
Man, you are another fierce competitor of DaddyBear. Very good cartoon! I kept "Bearull" in my tool box and you publish it first. You really read my mind. Great!
Just copy-pasting ... all the merit goes to their creator
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