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  • #821
  • Jul 24, 2012 12:19pm Jul 24, 2012 12:19pm
DB.. Your new group is booming!

I'll toss in my 2 cents into this mix.. I took a Long @ Aud right now.. with support line being at 1.0220 for the time being.. So I'll keep it tight with S/L below that line and trailing stop to a ride back up to the next resistance point.

So.. Yeah.. Lets keep partying!
There are those who know, and there are those who don't know.
  • #822
  • Jul 24, 2012 12:20pm Jul 24, 2012 12:20pm
On a larger timeframe (Daily chart) the train may just now be leaving the station. Trendline breaks can lead to acceleration moves.
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  • #823
  • Jul 24, 2012 12:25pm Jul 24, 2012 12:25pm
Quoting palabara
DB.. Your new group is booming!

I'll toss in my 2 cents into this mix.. I took a Long @ Aud right now.. with support line being at 1.0220 for the time being.. So I'll keep it tight with S/L below that line and trailing stop to a ride back up to the next resistance point.

So.. Yeah.. Lets keep partying!
Long time no see. Welcome aboard! Isn't it more fun here? Let me tell you a secret. DaddyBear once said that some people are right too soon and some people ..........
daddybearforex. com
  • #824
  • Jul 24, 2012 12:29pm Jul 24, 2012 12:29pm
Ok so here ive drawn out some thoughts and ideas. Im currently short with stops rolled to BE and targets being the potential price reversal zones highlighted in orange. The 1st PRZ is a 1.618 ext of b-c marked on chart and the second is the completion of that pattern if and when it completes you will notice both are at good structure. Im short looking for the AB=CD pattern visualized and marked by yellow lines. The green arrows ar marked from the PRZones as potential areas to get long or at least evealuate what PA is doing at those areas and making a decision on what to do. Either way you will notice another PRZ up top around the 0375-.0401 area and I will explain that more as it plays out if it plays out. The red lines that are short are shown there to illustrate the potential H&S pattern that will take place at those levels which would coincide with the PRZ to give a great RvR trade short should PA get their. Regardless of whether or not these PRZ's work out with complete success they provide great risk vs reward opportunity if PA follows my visualization just so. Hope that helps Big Daddy.
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #825
  • Jul 24, 2012 12:30pm Jul 24, 2012 12:30pm
Quoting DaddyBear
Long time no see. Welcome aboard! Isn't it more fun here? Let me tell you a secret. DaddyBear once said that some people are right too soon and some people ..........
It feels like its been forever! I took paid leave from work and they had me work as a mule.. but, I'm off for 11 paid days before going back to work !
There are those who know, and there are those who don't know.
  • #826
  • Jul 24, 2012 12:30pm Jul 24, 2012 12:30pm
Quoting DaddyBear
Long time no see. Welcome aboard! Isn't it more fun here? Let me tell you a secret. DaddyBear once said that some people are right too soon and some people ..........
palabara, now, the Aussie train will keep her journey with or without passengers. I still cannot see the terminal yet.
daddybearforex. com
  • #827
  • Jul 24, 2012 12:31pm Jul 24, 2012 12:31pm
Quoting DaddyBear
palabara, now, the Aussie train will keep her journey with or without passengers. I still cannot see the terminal yet.
Lets see if its going to bounce back of this.. support its double hit.. Short picture.. if it doesn't break through there is opportunity to make money. You know, me I'm all about the short picture in and out baby!
There are those who know, and there are those who don't know.
  • #828
  • Jul 24, 2012 12:37pm Jul 24, 2012 12:37pm
Quoting palabara
Lets see if its going to bounce back of this.. support its double hit.. Short picture.. if it doesn't break through there is opportunity to make money. You know, me I'm all about the short picture in and out baby!
Hey, we've gotten a lot of slots on the train, why not come aboard to enjoy yourself?
Attached Image
daddybearforex. com
  • #829
  • Jul 24, 2012 12:38pm Jul 24, 2012 12:38pm
Quoting DaddyBear
Hey, we've gotten a lot of slots on the train, why not come aboard to enjoy yourself?
I'm on board!
There are those who know, and there are those who don't know.
  • #830
  • Jul 24, 2012 12:40pm Jul 24, 2012 12:40pm
Quoting palabara
I'm on board!
But, your are taking northbound, aren't you?
daddybearforex. com
  • #831
  • Jul 24, 2012 12:41pm Jul 24, 2012 12:41pm
Quoting DaddyBear
Also, doblece's and FXMindset's as well.
Undeserving but much thanks.

Knowledge can become a hindrance if solely relied upon.
Wisdom comes along with so many punches in the nose.
But the best tool IMO is spending hours on end just watching your favorite currency pair moving along, until you both become as one.
And building your own crutches out of solid wood, so to pinpoint price action without getting lost in a noisy ballroom.

Thanks again DB for such a friendly space.
  • #832
  • Jul 24, 2012 12:43pm Jul 24, 2012 12:43pm
Quoting doblece
Undeserving but much thanks.

Knowledge can become a hindrance if solely relied upon.
Wisdom comes along with so many punches in the nose.
But the best tool IMO is spending hours on end just watching your favorite currency pair moving along, until you both become as one.
And building your own crutches out of solid wood, so to pinpoint price action without getting lost in a noisy ballroom.

Thanks again DB for such a friendly space.
my God...bro,you are absolutelly Poem Master
If there was easy money lying around,no one would be forcing it into your
  • #833
  • Jul 24, 2012 12:43pm Jul 24, 2012 12:43pm
Quoting doblece
Undeserving but much thanks.

Knowledge can become a hindrance if solely relied upon.
Wisdom comes along with so many punches in the nose.
But the best tool IMO is spending hours on end just watching your favorite currency pair moving along, until you both become as one.
And building your own crutches out of solid wood, so to pinpoint price action without getting lost in a noisy ballroom.

Thanks again DB for such a friendly space.
Rome wasn't built in a day by one person.
daddybearforex. com
  • #834
  • Jul 24, 2012 12:44pm Jul 24, 2012 12:44pm
Quoting DaddyBear
But, your are taking northbound, aren't you?
Yeah, but.. only a few stops.. as long as the support holds which is being re-tested now.. if it holds.. will have a bounce. If it breaks then.. it will go down to next destination.

So this is my "trip" support holds.. ride it up.. Hit resistance.. Ride it back down.

Support being "tested" as we are speaking right now.
There are those who know, and there are those who don't know.
  • #835
  • Jul 24, 2012 12:45pm Jul 24, 2012 12:45pm
Quoting palabara
Yeah, but.. only a few stops.. as long as the support holds which is being re-tested now.. if it holds.. will have a bounce. If it breaks then.. it will go down to next destination.

So this is my "trip" support holds.. ride it up.. Hit resistance.. Ride it back down.

Support being "tested" as we are speaking right now.
I know you are a good trader. But, from what I see, this level is more like a bull trap than a support. Watch your back! I can see a big bear right behind you!
daddybearforex. com
  • #836
  • Jul 24, 2012 12:47pm Jul 24, 2012 12:47pm
Quoting DaddyBear
I know you are a good trader. But, from what I see, this level is more like a bull trap than a support. Watch your back! I can see a big bear right behind you!
*looks back and sees the Bear*

Pretends to be dead.. hoping the bear go's away

I heard it work's lets see if it really does lmao!
There are those who know, and there are those who don't know.
  • #837
  • Jul 24, 2012 12:57pm Jul 24, 2012 12:57pm
My northbound train ticket have been bought but I'm just playing with winnings from my existing AUD/USD longs.

I just hope the bear train doesn't overshoot too much.
  • #838
  • Jul 24, 2012 12:59pm Jul 24, 2012 12:59pm
Quoting DaddyBear
But, your are taking northbound, aren't you?
Question was not for me, but let me share some thoughts.

From long term perspective, I am extreme bearish on this pair, but right now, I just can not sell into support. Looking for 1.03 to add shorts

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  • #839
  • Jul 24, 2012 12:59pm Jul 24, 2012 12:59pm
Attention all passengers of Aussie Southbound Express, You are free to get off the train at any time at your pleasure. Before arriving our destinations, please remain seated and enjoy an Oscar winning movie "Bye!".
Attached Image
daddybearforex. com
  • #840
  • Jul 24, 2012 1:00pm Jul 24, 2012 1:00pm
Quoting chiknthief
On a larger timeframe (Daily chart) the train may just now be leaving the station. Trendline breaks can lead to acceleration moves.
I rather see the intermediate trendline just below 1.0200 and SMA34 (pink):

Attached Image (click to enlarge)
Click to Enlarge Name: trendline.gif Size: 19 KB


Red is SMA200, blue is SMA100. Brown-white-green thin lines are BB(20,2).
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