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Aussie Trading Room and Cartoons Gallery

  • #1,221
  • Jul 25, 2012 11:10am Jul 25, 2012 11:10am
Quoting petehnm
OK ..coffee in hand... goodbye fog....hey papa is it me or does the ADX on the daily look prime for a descent drop to the south...???? this area looks very familiar..
I call this daily ADX "the Kiss of Angel". I believe a good chef should be able to mix a few different ingredients to cook a nice meal for himself at least.
daddybearforex. com
  • #1,222
  • Jul 25, 2012 11:14am Jul 25, 2012 11:14am
missed the 40 something pip drop
  • #1,223
  • Jul 25, 2012 11:27am Jul 25, 2012 11:27am
That's just my take on it.

There's an intersection at 1.024 of demand zone with lower trendline, but it might just fall right through.

Other demand zones at 1.020 also possible. Supply zone at 1.0315-1.0320. Your call. Bouncing off the trendline looks quite likely from the way things go.
Attached Image (click to enlarge)
Click to Enlarge Name: Support_Resistance_Zones_AUD_26_July.png Size: 43 KB
  • #1,224
  • Jul 25, 2012 11:29am Jul 25, 2012 11:29am
Well, I assume there's nothing left to watch by now, I guess it's bedtime for me. Good night all, see you tomorrow. Trade safe

  • #1,225
  • Jul 25, 2012 11:31am Jul 25, 2012 11:31am
Quoting mattheweston
I've attached a picture showing the H&S type that I saw.
http://www.forexfactory.com/attachme...1&d=1343227663
Please forgive my lack of artistic skills. =)
Are you kidding me? You are a great artist!
Attached Image
daddybearforex. com
  • #1,226
  • Jul 25, 2012 11:33am Jul 25, 2012 11:33am
Quoting DaddyBear
Are you kidding me? You are a great artist!
a nice laugh before bed, thanks Papa
  • #1,227
  • Jul 25, 2012 11:33am Jul 25, 2012 11:33am
Quoting irfandbl
Well, I assume there's nothing left to watch by now, I guess it's bedtime for me. Good night all, see you tomorrow. Trade safe

Were you watching topless dancing?
daddybearforex. com
  • #1,228
  • Jul 25, 2012 11:35am Jul 25, 2012 11:35am
Quoting DaddyBear
Were you watching topless dancing?
no Papa, I'm being watched for topless dancing
  • #1,229
  • Jul 25, 2012 12:14pm Jul 25, 2012 12:14pm
Good Afternoon, everyone.

Last night was full of surprises.
There are those who know, and there are those who don't know.
  • #1,230
  • Jul 25, 2012 12:21pm Jul 25, 2012 12:21pm
Quoting palabara
Good Afternoon, everyone.

Last night was full of surprises.
Good afternoon to you too
  • #1,231
  • Jul 25, 2012 12:33pm Jul 25, 2012 12:33pm
Wish I could have added some more longs during the retracement but alas it didn't go low enough to hit my orders.

I hope this resistance holds and we send it down again for a good entry. I don't mind some temporary paper losing positions.
  • #1,232
  • Jul 25, 2012 12:33pm Jul 25, 2012 12:33pm
AUD/USD just broke 1.0300
Good luck and may the odds be ever in your favor!
  • #1,233
  • Jul 25, 2012 12:36pm Jul 25, 2012 12:36pm
Quoting Esssex
Wish I could have added some more longs during the retracement but alas it didn't go low enough to hit my orders.

I hope this resistance holds and we send it down again for a good entry. I don't mind some temporary paper losing positions.
so much for that resistance.
There are those who know, and there are those who don't know.
  • #1,234
  • Jul 25, 2012 12:38pm Jul 25, 2012 12:38pm
Anyone like 1.0350 for a short?
  • #1,235
  • Jul 25, 2012 12:40pm Jul 25, 2012 12:40pm
Quoting mattheweston
Anyone like 1.0350 for a short?
I'm starting to think so
Good luck and may the odds be ever in your favor!
  • #1,236
  • Jul 25, 2012 12:40pm Jul 25, 2012 12:40pm
Quoting mattheweston
Anyone like 1.0350 for a short?
too soon to tell.
There are those who know, and there are those who don't know.
  • #1,237
  • Jul 25, 2012 12:40pm Jul 25, 2012 12:40pm
Quoting palabara
so much for that resistance.
Boom! Gonna have to wait for that next retracement now to add some more long positions

Maybe come Friday during profit taking on those weekly traders positions.
  • #1,238
  • Jul 25, 2012 12:42pm Jul 25, 2012 12:42pm
This was my view this morning ..

http://www.forexfactory.com/showthread.php?p=5875547#post5875547
  • #1,239
  • Jul 25, 2012 12:45pm Jul 25, 2012 12:45pm
Quoting supertubes
This was my view this morning ..

http://www.forexfactory.com/showthread.php?p=5875547#post5875547
I took a short position right now.. with very tight s/l and ill move it to BE.. Letting the AUD unwind a little bit after this long haul up.. if it dosn't cut it when it does move S/L to break even.
There are those who know, and there are those who don't know.
  • #1,240
  • Jul 25, 2012 12:49pm Jul 25, 2012 12:49pm
Quoting palabara
I took a short position right now.. with very tight s/l and ill move it to BE.. Letting the AUD unwind a little bit after this long haul up.. if it dosn't cut it when it does move S/L to break even.
I would like to see 1.0340 - 1.0345 for a possible short entry with a SL just above 1.0350
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