Aussie Trading Room and Cartoons Gallery

15-minute chart:

The chart was printed back at the end of june, Look at the dates closely.

Rising Diagonal

NOTE THE DATES

Is that your Daily chart? Mine looks different.
May I borrow it to draw a Wolfe Wave? thanks!

Hence my signature! lol MM is 98% of this game. Greed kills pigs get slaughtered-IMVHO

BTW- that would be a cool cartoon lol

Below is my reading of your chart. The yellow rectangle area is the time zone between 7/12 and 7/30. Please look at the chart closely.

doblece, how are you? It is a M5 chart. You may use it in any way you like.

I will keep it simple, good job to those who decided to go long at 1.0177-1.0200 and even those 1.0220-50.

You have taken a high probability trade here. This is daily chart, i cannot deny the fact that it can go down, it can test support or dip down, we won't know and it's thursday us unemployment claims.

My chart and trade plans are simple, i only look at demand and supply with stoch 5,3,3 and how much the daily itself is the pair moving. For now i am very bullish bias, and will only buy low and keep buying low if i want to trade intra-day.

Notice the top at 1.0415-45 last week, that was one of the key area i decided to short, given the stoch, i don't care about RSI because its a delayed indicator, not really helpful.

My trendline is not fix, means not really a trendline, just a line i place to tell me roughly where the price may be heading.

both EUR and AUD are in the similiar pattern now. EUR close ytd was very bullish, a good body. But i don't deny the fact that fundamental can always ruined EUR.

As for AUD, its unlikely to dip much, those drama will eventually turn boring.

Now weighing on FED QE, if data is not positive, aud will still rally, data positive, aud can also rally on risk on. That's the funny thing about AUD. and mainly its because US session love to DUMP, they are like las vegas, it does not really matter the data output results, its only either break out or dump.

and yesterday it couldn't dump anywhere after 1.0260 area, as min 15 stoch reached low value, and after that it spike up and broke resistance of 1.0315 of previous day high into 1.0340.

Aud overall made a good run from 1.0177 into 1.0340 and closed above 1.03.

So overall it's bullish for me for those long takers who want to build aud positions on 4hour or daily chart.

This is not my work. I have a young man studying Graphic Arts does these for me for my articles. This one seems appropriate to the time

Thats the year DB, as in July 2012.

I've marked the beginning and ending dates on this chart that match the seasonal chart. Exact match.

Great cartoon! Can you publish this in China? I hope you won't end up posting your future messages in a jail. Be careful when you live in China.

Oh I see (should have suspected because of the short tp).
Hadn't checked M5 in a while.

Here's mine then.



Little pebbles but pebbles anyway.

Gold is a two edge sword my friend Papa Pear

It sure is my friend, I've learned some very valuable lessons and have come back with a brand new account and a brand new enthusiasm....Check my new account whenever you feel like it ;-)

4hr chart thoughts and ideas. Potential Bullish butt at .9960-parity zone. Low risk vs reward short opportunity at a 786-886 retrace if this structure at 618 is broken

DB - you're right about the upward slope of the cycle right to the end of the month. BUT, 1 or 2 bars + or - is till considered accurate for such a long term chart. Who knows, we might just rally right to the end of july.

LOL, I was being sarcastic.

how much are you speculating on each account? i see gains and gone over and over again.

anyway, short takers can look to sell 1.03384- 1.0307 area. stop loss above 1.0345 in case it leap higher. This is on hour 4

I've got a short position from 1.0320 will ride it down to.. support 1.0270ish if it takes me there.. and will see from there. If it doesn't then just cut the position and go and cry.[/quote]

This one sounds familiar to me dude...hope it wont happen often..