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  • #641
  • Jul 24, 2012 12:22am Jul 24, 2012 12:22am
Quoting NYForexer
Too bad you were stopped out.
I think it might actually go up to 1.04 again and maybe even higher. At least for today I will be bullish. Good luck
In my opinion, you only look at current spike and come to your conclusion. When you look at the bigger picture, may be you will change your mind.
daddybearforex. com
  • #642
  • Jul 24, 2012 12:28am Jul 24, 2012 12:28am
well time for sleep...even though I over reacted to the spike up I got out green..and got a small scalp up for a few green now going back to original plan of short only this time from 1.0300 instead of 1.0308... will set an alert to wake me if we get to 1.0250 the low so far since Asia came on board...than will decide what to do from there if we get there...good night everyone ...happy hunting...
  • #643
  • Jul 24, 2012 12:32am Jul 24, 2012 12:32am
Quoting DaddyBear
The movie continues but the scenario has changed to wrestling from romancing between the Bull and the Bear ......

ATTENTION: DaddyBear's cartoons are not indicators. Please do not apply them to your chart because they won't fit anyway.
where aussie going now?is that on right track(bull) now?
Sometimes it's better to be wrong,to learn..
  • #644
  • Jul 24, 2012 12:39am Jul 24, 2012 12:39am
Quoting mattheweston
We still on track after that spike up following the China news or did the time zone get pushed back further?
Due to the spike, the projected time zone is pushed back to around noontime, EST today if FIB 76.4 is the turning point. -IMHO-
daddybearforex. com
  • #645
  • Jul 24, 2012 12:41am Jul 24, 2012 12:41am
Quoting DaddyBear
Due to the spike, the projected time zone is pushed back to around noontime, EST today if FIB 76.4 is the turning point. -IMHO-
what's the price at FIB 76.4?/
Sometimes it's better to be wrong,to learn..
  • #646
  • Jul 24, 2012 12:43am Jul 24, 2012 12:43am
Quoting KiNgEdwarD
where aussie going now?is that on right track(bull) now?
Please look at my other posts.
daddybearforex. com
  • #647
  • Jul 24, 2012 12:44am Jul 24, 2012 12:44am
Quoting KiNgEdwarD
what's the price at FIB 76.4?/
1.0183
daddybearforex. com
  • #648
  • Jul 24, 2012 12:44am Jul 24, 2012 12:44am
Quoting DaddyBear
1.0183
thank you DB
Sometimes it's better to be wrong,to learn..
  • #649
  • Jul 24, 2012 12:47am Jul 24, 2012 12:47am
Quoting DaddyBear
1.0183
what you think where the current bull move will end,or it ended?so that i go short
Sometimes it's better to be wrong,to learn..
  • #650
  • Jul 24, 2012 1:15am Jul 24, 2012 1:15am
Quoting KiNgEdwarD
what you think where the current bull move will end,or it ended?so that i go short
Attached Image


  • #651
  • Jul 24, 2012 1:52am Jul 24, 2012 1:52am
Quoting KiNgEdwarD
what you think where the current bull move will end,or it ended?so that i go short
I really hope everybody understands this is a forum not a trading service. This is a place to share and exchange trading ideas. Our focus is not to judge who is right or who is wrong. Instead, a balanced view is what we can get from this forum.

In your case, I would like you to post your view first then other members will provide their insights to you if they feel necessary. I believe this is a more constructive way than just looking for a quick and direct answer. Do you agree?
daddybearforex. com
  • #652
  • Jul 24, 2012 2:11am Jul 24, 2012 2:11am
Quoting DaddyBear
I really hope everybody understands this is a forum not a trading service. This is a place to share and exchange trading ideas. Our focus is not to judge who is right or who is wrong. Instead, a balanced view is what we can get from this forum.

In your case, I would like you to post your view first then other members will provide their insights to you if they feel necessary. I believe this is a more constructive way than just looking for a quick and direct answer. Do you agree?
yes, i think better place to short will be at 1.0333-35..!
Sometimes it's better to be wrong,to learn..
  • #653
  • Jul 24, 2012 2:36am Jul 24, 2012 2:36am
Good morning everyone.

Stopped out of my last short over night. Now looking to see if I can find another seat that im comfortable with.
  • #654
  • Jul 24, 2012 2:39am Jul 24, 2012 2:39am
Quoting petehnm
...there you guys go with that portable toilet again....LOL...cool thanks bro...maybe 1.0330? or is that to high...that point was once a resistance point on a daily chart of mine...
As for now bro, the highest it can go that I could predict before going south again is 1.0313 - 1.0320, but if it makes a new high before the current H4 candlestick closes than I would have to re-predict how far can it go before the drop..
And if something horrible comes up from the eurozone, my guess is 1.0307 we had earlier today will be the daily high for today.
  • #655
  • Jul 24, 2012 2:44am Jul 24, 2012 2:44am
Quoting KiNgEdwarD
yes, i think better place to short will be at 1.0333-35..!
Could be...
However bulls seem to be losing steam and there was a strong rejection at level 1.0304. The "left ear pattern" ( http://www.forexfactory.com/showthread.php?p=5869208#post5869208 )
completed at barely 3 pips from the target (my Fib is wrong on that chart, 38.2% retracement on previous swing low lies at 1.0311).

But we probably have a rising wedge and your price lies around the 50% retracement, at about the 80% of the hypothetical wedge. The projection on that wedge would give 1.0250 to the downside.

Attached Image (click to enlarge)
Click to Enlarge Name: 0-000.gif Size: 17 KB


We could even have an ascending channel provided price doesn't break 1.0277 and reaches that level as an AB=CD pattern.

However the Euro bad news seem to be dragging the Aussie along and we could just keep on falling. I personally am waiting for London to set the direction (maybe in another half hour or so) and see if I may short or instead just have to keep waiting until the fall resumes to take the bullish side later on.
  • #656
  • Jul 24, 2012 2:52am Jul 24, 2012 2:52am
Quoting doblece
Could be...
However bulls seem to be losing steam and there was a strong rejection at level 1.0304. The "left ear pattern" ( http://www.forexfactory.com/showthread.php?p=5869208#post5869208 )
completed at barely 3 pips from the target (my Fib is wrong on that chart, 38.2% retracement on previous swing low lies at 1.0311).

But we probably have a rising wedge and your price lies around the 50% retracement, at about the 80% of the hypothetical wedge. The projection on that wedge would give 1.0250 to the downside.

Attachment

We...
i bought at 83 target 0305 but now looks aussie going to sink,55 sl
Sometimes it's better to be wrong,to learn..
  • #657
  • Jul 24, 2012 2:55am Jul 24, 2012 2:55am
http://2.bp.blogspot.com/_k2bpGZhpob...Bear-Boobs.JPG
  • #658
  • Edited 6:42am Jul 24, 2012 2:57am | Edited 6:42am
short in play until 0187 and 0100

invalidate if break 0310

actual price 0275

gl all
Attached Image (click to enlarge)
Click to Enlarge Name: aussie short.jpg Size: 131 KB
fokyou forexfactory
  • #659
  • Jul 24, 2012 3:10am Jul 24, 2012 3:10am
Attached Image
  • #660
  • Jul 24, 2012 3:14am Jul 24, 2012 3:14am
Attached Image (click to enlarge)
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