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  • #1,521
  • Jul 27, 2012 5:51am Jul 27, 2012 5:51am
Quoting DaddyBear
GDP indicates the US is on the right track to recovery soon. This will leave all other G7 members to eat the dust.
Thanks DB. So do you still think AUD has a chance of going up to 1.06xx?
  • #1,522
  • Jul 27, 2012 5:55am Jul 27, 2012 5:55am
Quoting Daytrader74

Fu*****

Please refrain yourself from using more than two letters for certain words. Thanks for your cooperation. Two letters should be sufficient to express your emotion. -DB-
daddybearforex. com
  • #1,523
  • Jul 27, 2012 5:55am Jul 27, 2012 5:55am
Quoting DaddyBear
Now jury's verdict is in. We shall see a retracement takes place.
I will be 1 happy bull but is a retracement all the way below parity again really that possible from a technical POV?

I've scaled a large amount of AUD/USD longs right now.
  • #1,524
  • Jul 27, 2012 6:00am Jul 27, 2012 6:00am
Quoting NYForexer
Thanks DB. So do you still think AUD has a chance of going up to 1.06xx?
Please see doblece's chart for your own direction. I am not a prophet to predict what is going to happen. Bear in mind, you are behind the wheel of your own vehicle. Drive carefully with a map, a good one.
daddybearforex. com
  • #1,525
  • Jul 27, 2012 6:01am Jul 27, 2012 6:01am
Quoting Esssex
I will be 1 happy bull but is a retracement all the way below parity again really that possible from a technical POV?

I've scaled a large amount of AUD/USD longs right now.
Please read my posts earlier today.
daddybearforex. com
  • #1,526
  • Jul 27, 2012 6:02am Jul 27, 2012 6:02am
Quoting DaddyBear
Please refrain yourself from using more than two letters for certain words. Thanks for your cooperation. Two letters should be sufficient to express your emotion. -DB-
Sorry Papa I put the Astrix after when I should have put them before the F word
  • #1,527
  • Jul 27, 2012 6:03am Jul 27, 2012 6:03am
Quoting Daytrader74
Sorry Papa I put the Astrix after when I should have put them before the F word
I'm a little pissed off after only making +0.98% so far today!!
  • #1,528
  • Jul 27, 2012 6:05am Jul 27, 2012 6:05am
Quoting Daytrader74
I'm a little pissed off after only making +0.98% so far today!!
Today is not over yet. You should be able to gain more.
daddybearforex. com
  • #1,529
  • Edited 6:38am Jul 27, 2012 6:16am | Edited 6:38am
Quoting DaddyBear
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.
Both 200 SMA and 100 SMA are flat and parallel to FIB 50.0 now. This may reveal something in regard to the extent of the retracement in progress. Until 100 SMA is .......
daddybearforex. com
  • #1,530
  • Jul 27, 2012 6:19am Jul 27, 2012 6:19am
Is the retracement move complete papa???
  • #1,531
  • Jul 27, 2012 6:35am Jul 27, 2012 6:35am
Quoting DaddyBear
Both 200 SMA and 100 SMA are flat and parallel to FIB 50.0. This may reveal something in regard to the extent of the retracement in progress. Until 100 SMA is .......
I see current triangle as a universe in which the Aussie is like a comet orbiting the axis of FIB 50.0. In fact, I believe this FIB 50.0 is much better than 200 SMA used by many experts when gauging the extent of comet movement. inho.
daddybearforex. com
  • #1,532
  • Jul 27, 2012 6:37am Jul 27, 2012 6:37am
Not a bad idea, especially interest wise. Technically a weekly candle close near the high, is quite bullish, also note EUR, GBP, CHF making new highs. Wouldn't be surprised to see a couple weeks with risk on. AUD is so strong, I'm not selling it, not for all the tea in China.

Quoting Esssex
I've scaled a large amount of AUD/USD longs right now.
forget about tomorrow, just steal away into the night
  • #1,533
  • Jul 27, 2012 6:50am Jul 27, 2012 6:50am
Down ah down ah Huat ah Huat ah
  • #1,534
  • Jul 27, 2012 6:57am Jul 27, 2012 6:57am
CNBC-

Merkel, Hollande Spoke on Phone, Say They Will Do All They Can to Safeguard Euro

Here is my take of the future of the major players.

The Euro is in a present and clear danger, otherwise such a phone conversation wouldn't be released to the public after Draghi's pledge yesterday. Euro is going to the history sooner or later. When the dust all settles, the Aussie will go with the Euro to the place belongs to her. The US is still the power house to drive world economy in a foreseeable future. China will follow the steps of Japan. Japan was in a position to take over the US in 70s and 80s. See where she is now. The strength of the US is rooted in her democracy and the free society. A country like China, although huge, its history has proved no authoritarian dynasty would survive for too long.
daddybearforex. com
  • #1,535
  • Jul 27, 2012 7:09am Jul 27, 2012 7:09am
Quoting spekitox
Not a bad idea, especially interest wise. Technically a weekly candle close near the high, is quite bullish, also note EUR, GBP, CHF making new highs. Wouldn't be surprised to see a couple weeks with risk on. AUD is so strong, I'm not selling it, not for all the tea in China.
Indeed.
I see the Euro near the bottom of its range and this could mean a push back to 1.33xx/1.34xx.

And 1000 pips on the Euro could easily mean 600ish or more for the Aussie, either a double top or new highs (on higher timeframes).
  • #1,536
  • Jul 27, 2012 7:36am Jul 27, 2012 7:36am
Quoting doblece
Indeed.
I see the Euro near the bottom of its range and this could mean a push back to 1.33xx/1.34xx.

And 1000 pips on the Euro could easily mean 600ish or more for the Aussie, either a double top or new highs (on higher timeframes).
Indeed, Aussie is very strong. But, a small break probably is needed to get herself fully charged again.
Attached Image (click to enlarge)
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daddybearforex. com
  • #1,537
  • Jul 27, 2012 8:01am Jul 27, 2012 8:01am
Quoting DaddyBear
Indeed, Aussie is very strong. But, a small break probably is needed to get herself fully charged again.
Hmm...
One of the behaviours of the Aussie I have noticed over the last 4 years, is the slow and small inching up, as it has been doing lately after the big surge. Usually this behaviour accounts for more continuation to the upside.

Now being that we are on Friday I could be wrong, and of course a retracement is due somewhere, plus 1.0325 break hasn't been retested yet. But we might see the round number before that.

Will reassess on close.
  • #1,538
  • Jul 27, 2012 8:05am Jul 27, 2012 8:05am
Quoting DaddyBear
Indeed, Aussie is very strong. But, a small break probably is needed to get herself fully charged again.
This is a M1 blow-up of the previous M15 chart taken at 11 AM EST. Notice the TL breaking point circled with a red pen.
Attached Image (click to enlarge)
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daddybearforex. com
  • #1,539
  • Jul 27, 2012 8:15am Jul 27, 2012 8:15am
Quoting DaddyBear
This is a M1 blow-up of the previous M15 chart taken at 11 AM EST. Notice the TL breaking point circled with a red pen.
Some people might think M1 is not a major TF and no big deal. What I tried to do is to identify the turning point regardless of the size of the retracement is. In other words, I tried to stay ahead of the curve. By the time when others see what has happened on larger TFs, It's probably already 30 pips down.
daddybearforex. com
  • #1,540
  • Jul 27, 2012 8:22am Jul 27, 2012 8:22am
aussie range was really tight from 1.04 - 1.045 zone. the asia session pushes above 1.04 and it stucked there, EUR have high volatility today up and down like crazy, guess most people are caught in it.

Since the resistance remains, i think we should look at a leg down before another bullish leg up.

EUR is just pure speculating the entire day, it may still ends in a bullish close with good body, but more likely it's going to get dump the following week.
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