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  • #1,501
  • Jul 26, 2012 10:48pm Jul 26, 2012 10:48pm
Quoting Esssex
My guess is..

Market movers right now are still split between moving their money to safe haven assets and higher yield assets like the AUD.

So it doesn't happen right away, there are some conflicting movements of money happening right now. One from big market players who have been active yield chasers in the T-bill market and are leaving the T-Bills due to the lower yield from risk aversion.

These guys are putting their money into higher yield assets like the AUD, while there are people unwinding their European positions and putting it back into...
I am glad you are here to solve this puzzle. You are indeed the right guy to answer this question. Thanks a lot! -DB-
daddybearforex. com
  • #1,502
  • Jul 26, 2012 11:17pm Jul 26, 2012 11:17pm
Current price would seem like a great Risk vs Reward trade opportunity to go short.
Based upon Daily Time Frame we have daily high from 19th July @ 1.0444 (perhaps set stop Loss to 1.0455) or take 28th April high at 1.0475 (SL @ 1.0490).
You could look at 1.05 round number as resistance as well and set stop at 1.0525.

TP levels : On a daily chart you would look at parity and then beyond, for longer term holds?
  • #1,503
  • Jul 27, 2012 12:32am Jul 27, 2012 12:32am
My views at the end of this week:

Attached Image (click to enlarge)
Click to Enlarge Name: bullaud.gif Size: 40 KB


Price well above middle BB, SMA100 and SMA34, all retested after the breaks.

I think we should go "at least" to the upper TL of the triangle, then back to the other side meanwhile it keeps tightening.

Unless we go back below the confluence and this week's low before today's close (with probably a double-top/tweezer top).
  • #1,504
  • Jul 27, 2012 1:51am Jul 27, 2012 1:51am
Good morning world
  • #1,505
  • Jul 27, 2012 1:58am Jul 27, 2012 1:58am
Quoting supertubes
Good morning world
Time to go to bed in this side of the world ... (2:30 am).

Good night world!
  • #1,506
  • Jul 27, 2012 1:59am Jul 27, 2012 1:59am
Quoting doblece
Time to go to bed in this side of the world ... (2:30 am).

Good night world!
Night buddy
  • #1,507
  • Edited 6:19am Jul 27, 2012 5:41am | Edited 6:19am
1st Trade today. L from 1.0436 SL 16 pips 1st target 1.0475

Cashed out 1.04429 sitting on the sidelines now
Attached Image (click to enlarge)
Click to Enlarge Name: USD (-).png 27.7.png Size: 17 KB
  • #1,508
  • Jul 27, 2012 6:35am Jul 27, 2012 6:35am
Quoting doblece
My views at the end of this week:

Attachment

Price well above middle BB, SMA100 and SMA34, all retested after the breaks.

I think we should go "at least" to the upper TL of the triangle, then back to the other side meanwhile it keeps tightening.

Unless we go back below the confluence and this week's low before today's close (with probably a double-top/tweezer top).
Good morning to all!
Thanks to doblece for posting a road map. Let me share my 2 cents here.
I believe doblece's map is reliable. What I am doing is just add some details FYI only.

Before reaching UTL, the possibility of a small retracement is likely based on two reasons:

 

  1. The FIB 61.80 stopped last highs is still valid.
  2. One important component of current pattern is still missing.

No.1 is indicated by a yellow line. No.2 is depicted by a reversed reflection with an imaginary silver mirror.

Attached Image (click to enlarge)
Click to Enlarge Name: DO-072712.JPG Size: 81 KB
daddybearforex. com
  • #1,509
  • Jul 27, 2012 6:38am Jul 27, 2012 6:38am
Quoting DaddyBear
Good morning to all!
Thanks to doblece for posting a road map. Let me share my 2 cents here.
I believe doblece's map is reliable. What I am doing is just add some details FYI only.

Before reaching UTL, the possibility of a small retracement is likely based on two reasons:

 

  1. The FIB 61.80 stopped last highs is still valid.
  2. One important component of current pattern is still missing.

No.1 is indicated by a yellow line. No.2 is depicted by a reversed reflection with an imaginary silver mirror.

In case you don't understand what a reversed reflection is, the drawing below may give you some idea.
Attached Image (click to enlarge)
Click to Enlarge Name: MIROR.JPG Size: 53 KB
daddybearforex. com
  • #1,510
  • Jul 27, 2012 6:41am Jul 27, 2012 6:41am
Good morning DB
  • #1,511
  • Jul 27, 2012 6:48am Jul 27, 2012 6:48am
Quoting supertubes
Good morning DB
Good afternoon ST
daddybearforex. com
  • #1,512
  • Jul 27, 2012 6:56am Jul 27, 2012 6:56am
Quoting DaddyBear
Good morning to all!
Thanks to doblece for posting a road map. Let me share my 2 cents here.
I believe doblece's map is reliable. What I am doing is just add some details FYI only.

Before reaching UTL, the possibility of a small retracement is likely based on two reasons:

 

  1. The FIB 61.80 stopped last highs is still valid.
  2. One important component of current pattern is still missing.

No.1 is indicated by a yellow line. No.2 is depicted by a reversed reflection with an imaginary silver mirror.

I omitted a reflection of current pattern. FYI only.
Attached Image (click to enlarge)
Click to Enlarge Name: DO-072712-2.JPG Size: 75 KB
daddybearforex. com
  • #1,513
  • Jul 27, 2012 6:57am Jul 27, 2012 6:57am
Quoting DaddyBear
In case you don't understand what a reversed reflection is, the drawing below may give you some idea.
Good Day All,

DB, this is exactly what I was looking at on my H4 TF and I came up with the 1.0250 level as it was the right or left (depends on how one sees it) shoulder of the pattern. Let's see how it unfolds.
  • #1,514
  • Jul 27, 2012 6:58am Jul 27, 2012 6:58am
hey papa, did you mean after GDP release, we'll see 1.0680 first and down to 0.9750 several weeks later? And this morning, all major pairs will move up like yesterday?
  • #1,515
  • Jul 27, 2012 7:01am Jul 27, 2012 7:01am
Quoting salt
hey papa, did you mean after GDP release, we'll see 1.0680 first and down to 0.9750 several weeks later? And this morning, all major pairs will move up like yesterday?
As I mentioned it was my 2 cents FYI only. Before reaching 1.06xxx a retracement is likely whether it is a big one or a small one.
daddybearforex. com
  • #1,516
  • Jul 27, 2012 7:37am Jul 27, 2012 7:37am
Quoting DaddyBear
As I mentioned it was my 2 cents FYI only. Before reaching 1.06xxx a retracement is likely whether it is a big one or a small one.
Now jury's verdict is in. We shall see a retracement takes place.
daddybearforex. com
  • #1,517
  • Jul 27, 2012 7:45am Jul 27, 2012 7:45am
Quoting DaddyBear
Good morning to all!
Thanks to doblece for posting a road map. Let me share my 2 cents here.
I believe doblece's map is reliable. What I am doing is just add some details FYI only.

Before reaching UTL, the possibility of a small retracement is likely based on two reasons:

 

  1. The FIB 61.80 stopped last highs is still valid.
  2. One important component of current pattern is still missing.

No.1 is indicated by a yellow line. No.2 is depicted by a reversed reflection with an imaginary silver mirror.

No.3 - FIB 50.0 is the major axis of this triangle. The flying Aussie is orbiting around this axis all the time within the context of this triangle until it throws itself out of this zone.
daddybearforex. com
  • #1,518
  • Jul 27, 2012 7:45am Jul 27, 2012 7:45am
Quoting DaddyBear
Now jury's verdict is in. We shall see a retracement takes place.
So, since Us GDP came out as expected, what is driven E/U andA/U down? At the same time why is U/J has jumped up so significantly? COuld anyone explain please?

Thanks
  • #1,519
  • Jul 27, 2012 7:48am Jul 27, 2012 7:48am
Quoting NYForexer
So, since Us GDP came out as expected, what is driven E/U andA/U down? At the same time why is U/J has jumped up so significantly? COuld anyone explain please?

Thanks
GDP indicates the US is on the right track to recovery soon. This will leave all other G7 members to eat the dust.
daddybearforex. com
  • #1,520
  • Jul 27, 2012 7:50am Jul 27, 2012 7:50am

Fuck***
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