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  • #421
  • Jul 22, 2012 9:36pm Jul 22, 2012 9:36pm
Quoting FXMindset
Daily was form inside bar and already confirmed break down and 4H was formed double top resistance

1H as you can see a mini pinbar was formed and break the support was turn become resistance now


Prefer scenario is short
lets have some fun

apart candlestick formation,lets see the chart formation
Attached Image (click to enlarge)
Click to Enlarge Name: AUD.png Size: 35 KB
If there was easy money lying around,no one would be forcing it into your
  • #422
  • Edited 10:03pm Jul 22, 2012 9:42pm | Edited 10:03pm
Quoting DaddyBear
We are inside the red bear now. The lower part of the TWIN-BEAR Astrological Sign seen by ancient Greeks' eyes.
PG-13
This is my personal understanding of how the Forex market works. Regardless of what happened to the news, fundies or techies, the law of the market is the only underlying power which follows a preset path to move on. Any man-made concepts, ideas or indicators will be swept away like the snow thrown away by a huge snow plower.

I know this is very controversial so I'd prefer not to answer any questions. For your reference, you may look at my four visions posted yesterday (?) in this forum. When the dust settles, you can then compare what happened with my visions and come to your own conclusion. -IMHO-
daddybearforex. com
  • #423
  • Jul 22, 2012 9:44pm Jul 22, 2012 9:44pm
Quoting DaddyBear
We are inside the red bear now. The lower part of the TWIN-BEAR Astrological Sign seen by ancient Greeks' eyes.
thanks papa...I'm much more confident with going short from here on out...I like that DMI +/- are just about together at 25 and getting ready to cross.....would you consider that a good read of the DMI.....
  • #424
  • Jul 22, 2012 9:48pm Jul 22, 2012 9:48pm
Quoting FXMindset
lets have some fun

apart candlestick formation,lets see the chart formation
Nice chart analysis. Your view coincides with my previous post on Saturday that FIB 76.4 (1.0183) may be reached. -IMHO-
daddybearforex. com
  • #425
  • Jul 22, 2012 9:51pm Jul 22, 2012 9:51pm
Quoting petehnm
thanks papa...I'm much more confident with going short from here on out...I like that DMI +/- are just about together at 25 and getting ready to cross.....would you consider that a good read of the DMI.....
Which TF?
daddybearforex. com
  • #426
  • Edited 10:14pm Jul 22, 2012 9:52pm | Edited 10:14pm
The market is always right. We are never right. Get used to it. When you're losing money your position is too big - when you're making money your position wasn't big enough. Or you had your SL's and TP's in the wrong place. You can never get it right. So instead of getting down about not being right, just make yourself some pips and enjoy being wrong.

( Not meant to offend, just that nothing is perfect but you can still make money)
  • #427
  • Jul 22, 2012 9:52pm Jul 22, 2012 9:52pm
Quoting DaddyBear
Which TF?
Daily...
  • #428
  • Jul 22, 2012 9:56pm Jul 22, 2012 9:56pm
Quoting petehnm
Daily...
Seems to me you have a different ADX program. I use 13 period not 14.
daddybearforex. com
  • #429
  • Jul 22, 2012 10:07pm Jul 22, 2012 10:07pm
I will not be able to stay up and watch London and New York.

Do you expect a turn-around as soon as within the next couple of sessions - London and New York? I'm wondering which level to chose to set up a limit order - 1.0233 area, or lower, at 1.0183 or so. Could 1.0183 come as early as within the next couple of sessions?

I was very helped by experience in beginning to try to trade this pair recently particularly after a comment I think you made that... it takes a lot for "the fat lady to turn around." I'm sorry if I confuse your wording, but the point is I do see a difference between this pair and eur usd - and once it does start to change direction, it really does seem to move relentlessly until it turns around.

Thank you . . .


Quoting DaddyBear
Nice chart analysis. Your view coincides with my previous post on Saturday that FIB 76.4 (1.0183) may be reached. -IMHO-
  • #430
  • Jul 22, 2012 10:14pm Jul 22, 2012 10:14pm
Quoting DaddyBear
Seems to me you have a different ADX program. I use 13 period not 14.
here's the chart I'm looking at....


Attached Image (click to enlarge)
Click to Enlarge Name: auddmi25.png Size: 65 KB
  • #431
  • Jul 22, 2012 10:25pm Jul 22, 2012 10:25pm
Quoting Greenstar
I will not be able to stay up and watch London and New York.

Do you expect a turn-around as soon as within the next couple of sessions - London and New York? I'm wondering which level to chose to set up a limit order - 1.0233 area, or lower, at 1.0183 or so. Could 1.0183 come as early as within the next couple of sessions?

I was very helped by experience in beginning to try to trade this pair recently particularly after a comment I think you made that... it takes a lot for "the fat lady to turn around." I'm sorry if I confuse your...
First, I 'd give credit to FXMindset for his nice charting showing a highly likely support area. He did not know my discussion on Saturday. In fact, he is a very seasoned trader with abundant wisdom which I would follow.

Finding a correct direction of market's next move is easier than pinpointing the turning points. Although it is feasible to reach 1.0183 zone, at this point, it is difficult to know how much time it will take and if it will reach there. As I mentioned earlier, projecting the time needed is the toughest challenge to anyone. -IMHO-
Note: please trade with your own judgements and decisions.
daddybearforex. com
  • #432
  • Jul 22, 2012 10:34pm Jul 22, 2012 10:34pm
Quoting petehnm
here's the chart I'm looking at....
ATTACH]1005350[/ATTACH]
A picture is worth a thousand words.

No, they are not going to cross over yet. It was this reason, I said the daily is still bullish. I use ADX to confirm my chart pattern identification. Not the other way around. -IMHO-
daddybearforex. com
  • #433
  • Jul 22, 2012 10:41pm Jul 22, 2012 10:41pm
Trade independently, that is. I'm not clueless and wanted your opinion though I knew I'd come across as trying to have someone else decide. Thank you for your reply!

Quoting DaddyBear
First, I 'd give credit to FXMindset for his nice charting showing a highly likely support area. He did not know my discussion on Saturday. In fact, he is a very seasoned trader with abundant wisdom which I would follow.

Finding a correct direction of market's next move is easier than pinpointing the turning points. Although it is feasible to reach 1.0183 zone, at this point, it is difficult to know how much time it will take and if it will reach there. As I mentioned earlier, projecting the time needed is the toughest challenge for anyone....
  • #434
  • Jul 22, 2012 10:49pm Jul 22, 2012 10:49pm
Quoting DaddyBear
A picture is worth a thousand words.

No, they are not going to cross over yet. It was this reason, I said the daily is still bullish. I use ADX to confirm my chart pattern identification. Not the other way around. -IMHO-
you would say that...lol...it's so much easier to see and find patterns within DMI...but that's okay it just make studying the effects of ADX even more interesting......I appreciate your patients with me I'm probably repeating myself...I'll get it though..... hope you don't mind me asking for your views...
  • #435
  • Jul 22, 2012 10:55pm Jul 22, 2012 10:55pm
Quoting Greenstar
Trade independently, that is. I'm not clueless and wanted your opinion though I knew I'd come across as trying to have someone else decide. Thank you for your reply!
Please don't misunderstand my note. I knew you were not relying on my opinion alone. It was my way to remind the person who asked questions.

I looked at the H1 chart again. I guess I find the tail of my red bear if my analysis is correct. The intersection of two TLs and FIB 76.4 is the point I would keep my eyes on. -IMHO-
Attached Image (click to enlarge)
Click to Enlarge Name: RED BEAR.JPG Size: 59 KB
daddybearforex. com
  • #436
  • Jul 22, 2012 10:58pm Jul 22, 2012 10:58pm
Quoting petehnm
you would say that...lol...it's so much easier to see and find patterns within DMI...but that's okay it just make studying the effects of ADX even more interesting......I appreciate your patients with me I'm probably repeating myself...I'll get it though..... hope you don't mind me asking for your views...
No, not at all. As long as I have the time, I will do my best. -DB-
daddybearforex. com
  • #437
  • Jul 22, 2012 11:10pm Jul 22, 2012 11:10pm
Nice one indeed ... the lonely path ...
Now since graphic content is allowed here let me post what pops in from the word "Pebbles" ... aka Sister Perri

http://www.youtube.com/watch?v=nf8rYBmmGd4
Quoting doblece
Many trees are on the valley
and plenty on the mountain top.
The forest is shady and somber
but the right tree may yield much lumber.

The wise man walks with his head bowed,
gathering pebbles along the way.
His is a lonely path.
But sometimes he might drop some,
so he can easily find back his way home.
forget about tomorrow, just steal away into the night
  • #438
  • Jul 22, 2012 11:26pm Jul 22, 2012 11:26pm
Some views on 1.0183:

Attached Image (click to enlarge)
Click to Enlarge Name: 0-0 aud daily.gif Size: 41 KB


Time: unclear.
Expecting Bulls and Bears to do some fandango (sideways) around 1.0310 which for me has been acting as a clue turning point since 2011.

And I'd rather stop at 1.0233, just above the 61.8 retracement.
But if 1.0183 breaks down, parity is back on the lines.

(Note: this is only my point of view and in no way a trading recommendation.)
  • #439
  • Jul 22, 2012 11:30pm Jul 22, 2012 11:30pm
Quoting DaddyBear
Please don't misunderstand my note. I knew you were not relying on my opinion alone. It was my way to remind the person who asked questions.

I looked at the H1 chart again. I guess I find the tail of my red bear if my analysis is correct. The intersection of two TLs and FIB 76.4 is the point I would keep my eyes on. -IMHO-
Shows on Daily as well. Was drawing the chart while you posted. Blaming grand-daughter for delay. But she's so cute.
  • #440
  • Jul 22, 2012 11:35pm Jul 22, 2012 11:35pm
Quoting doblece
Shows on Daily as well. Was drawing the chart while you posted. Blaming grand-daughter for delay. But she's so cute.
Now, I know why you are a man with abundant wisdom. Ha!

Do you consider 1.0183 a more feasible low then 1.0233 based on our common view?

(Note: this is only my point of view and in no way a trading recommendation.) - Sorry to borrow yours from now on.
daddybearforex. com
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