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  • #481
  • Jul 23, 2012 7:50am Jul 23, 2012 7:50am
Quoting irfandbl
next possible target?

1.0230?

Attachment

would be nice that's my TP point and then going to wait for papas 1.0180 red bear tail for a long entry....
  • #482
  • Jul 23, 2012 7:54am Jul 23, 2012 7:54am
Quoting petehnm
just curious papa are you talking about the 1.0180 tail....
Yes. Bear in mind, it's going to be a zone not a line in the sand.
daddybearforex. com
  • #483
  • Jul 23, 2012 7:54am Jul 23, 2012 7:54am
Quoting DaddyBear
Yes. Bear in mind, it's going to be a zone not a line in the sand.

gotcha...
  • #484
  • Jul 23, 2012 7:55am Jul 23, 2012 7:55am
Quoting petehnm
would be nice that's my TP point and then going to wait for papas 1.0180 red bear tail for a long entry....
This may be a better idea. Pocket your pips first and wait and see. Don't be greedy!
daddybearforex. com
  • #485
  • Jul 23, 2012 7:55am Jul 23, 2012 7:55am
Quoting petehnm
would be nice that's my TP point and then going to wait for papas 1.0180 red bear tail for a long entry....
Nice TP bro..but the thing is I got a feeling that the bear train won't stop at 1.0180, if it reaches there, it would go further south IMHO. Let's use the bullear word of the day..."Time will tell"
  • #486
  • Jul 23, 2012 8:02am Jul 23, 2012 8:02am
Quoting DaddyBear
This may be a better idea. Pocket your pips first and wait and see. Don't be greedy!

I hear ya papa...to many times I've been greedy petey and it's bit me in the behind....not this time....
  • #487
  • Jul 23, 2012 8:05am Jul 23, 2012 8:05am
Quoting irfandbl
Nice TP bro..but the thing is I got a feeling that the bear train won't stop at 1.0180, if it reaches there, it would go further south IMHO. Let's use the bullear word of the day..."Time will tell"

thanks irfanbl...will keep that in mind...latley I've been battling the patience monster....being I've never been very good at it..patience that is....
  • #488
  • Jul 23, 2012 8:06am Jul 23, 2012 8:06am
Quoting DaddyBear
Yes. Bear in mind, it's going to be a zone not a line in the sand.
I don't necessary doubt you, but play action on the 4 hour chart AT THE MOMENT is forming a nice looking hammer.
  • #489
  • Jul 23, 2012 8:07am Jul 23, 2012 8:07am
Quoting irfandbl
Nice TP bro..but the thing is I got a feeling that the bear train won't stop at 1.0180, if it reaches there, it would go further south IMHO. Let's use the bullear word of the day..."Time will tell"
It's always possible when we look into the uncertain future. But, like I said before, the law of the market is the real underlying power to decide Aussie's future moves. This power has its footprints and shadow. Everybody can see its footprints but not its shadow. Whoever can see its shadow will have an edge in the Forex market.
daddybearforex. com
  • #490
  • Jul 23, 2012 8:13am Jul 23, 2012 8:13am
Quoting Nate04
I don't necessary doubt you, but play action on the 4 hour chart AT THE MOMENT is forming a nice looking hammer.
I see what you see. Let me put this way, There are so many stars in our universe but there is only one Sun in our solar system. I don't call another similar star the Sun because it is not located at the right place. -IMHO-
daddybearforex. com
  • #491
  • Jul 23, 2012 8:16am Jul 23, 2012 8:16am
Quoting petehnm
thanks irfanbl...will keep that in mind...latley I've been battling the patience monster....being I've never been very good at it..patience that is....
Patience is a virtue in any place at any time for anybody and for any purposes except when you have to go.
daddybearforex. com
  • #492
  • Jul 23, 2012 8:17am Jul 23, 2012 8:17am
The cycle / seasonal august 1st sell date is a zone not a line in the sand. It can be off 1-2 weeks on a weekly chart and still be considered accurate. We're in that zone right now. I believe the swing high is in now. Cycles and seasonals can be projected out as far out in time as you like. I saw this sell zone last year. The next major buy zone is out somewhere around sept 17th. The next major sell zone that matches this one is out around the 1st week in november 2012. Funny how it hits right at election time.

Take your own sell signal from the daily chart for timing if you swing trade. (a few days to a few weeks or more)
  • #493
  • Jul 23, 2012 8:21am Jul 23, 2012 8:21am
Quoting chiknthief
The cycle / seasonal august 1st sell date is a zone not a line in the sand. It can be off 1-2 weeks on a weekly chart and still be considered accurate. We're in that zone right now. I believe the swing high is in now. Cycles and seasonals can be projected out as far out in time as you like. I saw this sell zone last year. The next major buy zone is out somewhere around sept 17th. The next major sell zone that matches this one is out around the 1st week in november 2012. Funny how it hits right at election time.

Take your own sell signal...
If you don't mind , please post a diagram such as a freehand sketch, it would be very helpful for others to understand your message.
daddybearforex. com
  • #494
  • Jul 23, 2012 8:24am Jul 23, 2012 8:24am
Quoting DaddyBear
I see what you see. Let me put this way, There are so many stars in our universe but there is only one Sun in our solar system. I don't call another similar star the Sun because it is not located at the right place. -IMHO-
Thanks for your reply... My candle doesn't close for another 40 minutes so who knows whats going to happen. The zone you are talking about seems like a good place for consolidating to occur. At the moment the hammer doesn't look as good... I wouldn't even call it a hammer at right now.
  • #495
  • Jul 23, 2012 8:29am Jul 23, 2012 8:29am
Quoting irfandbl
next possible target?

1.0230?
I think your T may be reached around noon today or in early aftrenoon. It is a fluid "time zone" not a solid time table. Trading is always an art not a science. When it is an art, no precision is required. BTW, the law of the market is most likely an artist not a scientist. -IMHO-
daddybearforex. com
  • #496
  • Jul 23, 2012 8:37am Jul 23, 2012 8:37am
Quoting Nate04
Thanks for your reply... My candle doesn't close for another 40 minutes so who knows whats going to happen. The zone you are talking about seems like a good place for consolidating to occur. At the moment the hammer doesn't look as good... I wouldn't even call it a hammer at right now.
You may not know that I learned the concept of confirmation from jayjb not long ago. A candlestick pattern has to take the candle on each side into consideration before we can call it xxxxx. In your case, you have to wait for 4 more hours after this current H4 candle is closed before giving it a name. Patience is always a virtue.
daddybearforex. com
  • #497
  • Jul 23, 2012 8:42am Jul 23, 2012 8:42am
Quoting DaddyBear
You may not know that I learned the concept of confirmation from jayjb not long ago. A candlestick pattern has to take the candle on each side into consideration before we can call it xxxxx. In your case, you have to wait for 4 more hours after this current H4 candle is closed before giving it a name. Patience is always a virtue.
I did not know that either thanks DB
  • #498
  • Jul 23, 2012 8:43am Jul 23, 2012 8:43am
Example of a 16 week cycle / seasonal chart
Attached Image
  • #499
  • Jul 23, 2012 8:45am Jul 23, 2012 8:45am
Quoting DaddyBear
doblece, please accept my apology that I mistakenly called you a man with wisdom. I guess it's time for me to see my eye doctor. But, hey, you know it is very hard to distinguish a woman from a man nowadays.
Sometimes it's better to be wrong,to learn..
  • #500
  • Jul 23, 2012 8:48am Jul 23, 2012 8:48am
Quoting KiNgEdwarD
Hi KiNgEdwarD, haven't "seen" you for a while. How is everything?
daddybearforex. com
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