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  • #1,541
  • Jul 27, 2012 10:24am Jul 27, 2012 10:24am
Quoting DaddyBear
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.
I need to learn to use smaller TF sometimes for my entries. yesterday being a perfect example . I had a nice long set up but my 1st entry was stopped out costing me 12 pips before entering corretly
  • #1,542
  • Jul 27, 2012 10:25am Jul 27, 2012 10:25am
Quoting 5percent
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.
This scenario is highly likely in my opinion.
daddybearforex. com
  • #1,543
  • Jul 27, 2012 10:27am Jul 27, 2012 10:27am
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.
Attached Image (click to enlarge)
Click to Enlarge Name: piercings.gif Size: 16 KB


  • #1,544
  • Jul 27, 2012 10:50am Jul 27, 2012 10:50am
Quoting doblece
Attachment

The movie 'Bye!" finished at yellow circle already. Now we are on the Aussie Northbound Express. I ahve no doubt about it. Your road map is the same as mine. What I posted was for a retracement not a reversal point. As for how far this retracement can go, I have no clear picture yet.
Attached Image (click to enlarge)
Click to Enlarge Name: DO-072712-3.JPG Size: 85 KB
daddybearforex. com
  • #1,545
  • Jul 27, 2012 10:59am Jul 27, 2012 10:59am
Quoting DaddyBear
The movie 'Bye!" finished at yellow circle already. Now we are on the Aussie Northbound Express. I ahve no doubt about it. Your road map is the same as mine. What I posted was for a retracement not a reversal point. As for how far this retracement can go, I have no clear picture yet.
BTW, I belong to the first group. I have never been perfect since the beginning and will never be perfect in the foreseeable future. Because, I am a human being.
Attached Image
daddybearforex. com
  • #1,546
  • Jul 27, 2012 11:17am Jul 27, 2012 11:17am
Quoting DaddyBear
BTW, I belong to the first group. I have never been perfect since the beginning and will never be perfect in the foreseeable future. Because, I am a human being.
Now I can see 100 SMA is turning slightly negative from previous flat position at this point. I know it means something but it's not that easy to know exactly what it is. This is the reason why I prefer not to use SMA as a major indicator. Sometimes the degree of lagging is beyond my understanding. 200 SMA works better and can be used as a rubber band launcher in my opinion.
daddybearforex. com
  • #1,547
  • Jul 27, 2012 11:27am Jul 27, 2012 11:27am
Quoting supertubes
I need to learn to use smaller TF sometimes for my entries. yesterday being a perfect example . I had a nice long set up but my 1st entry was stopped out costing me 12 pips before entering corretly
Nobody can enter trades right on the money every time. What happened was your SL was too tight. The only thing matters is that you are on the right side, the way Americans drive on the highway not British way.
daddybearforex. com
  • #1,548
  • Jul 27, 2012 11:32am Jul 27, 2012 11:32am
Quoting DaddyBear
BTW, I belong to the first group. I have never been perfect since the beginning and will never be perfect in the foreseeable future. Because, I am a human being.
If there was easy money lying around,no one would be forcing it into your
  • #1,549
  • Jul 27, 2012 11:34am Jul 27, 2012 11:34am
Quoting FXMindset
Selamat Malam, FXM!
daddybearforex. com
  • #1,550
  • Jul 27, 2012 12:13pm Jul 27, 2012 12:13pm
Quoting DaddyBear
Selamat Malam, FXM!
I can't believe my eyes, your Indonesian! Lol
  • #1,551
  • Jul 27, 2012 12:19pm Jul 27, 2012 12:19pm
based on the ADX and -D1 levels
I assume this pair is about to have a downward move, am I right Papa?

Attached Image (click to enlarge)
Click to Enlarge Name: h4.gif Size: 19 KB
  • #1,552
  • Jul 27, 2012 12:25pm Jul 27, 2012 12:25pm
Quoting irfandbl
I can't believe my eyes, your Indonesian! Lol
Or no, I am not an Indonesian bu try to understand this big country more. The history and culture of Indonesia are fascinating to me. May be you don't know the following historic fact related to your people.

-Wikipedia-
Most archaeologists estimate that the earliest settlers arrived in outrigger canoes (http://en.wikipedia.org/wiki/Outrigger_canoe) from southern Borneo (http://en.wikipedia.org/wiki/Borneo) in successive waves throughout the period between 350 BCE and 550 CE, making Madagascar one of the last major landmasses on Earth to be settled by humans. FYI only.
daddybearforex. com
  • #1,553
  • Jul 27, 2012 12:32pm Jul 27, 2012 12:32pm
Quoting irfandbl
based on the ADX and -D1 levels
I assume this pair is about to have a downward move, am I right Papa?

Attachment
No, it's opposite.
daddybearforex. com
  • #1,554
  • Jul 27, 2012 12:37pm Jul 27, 2012 12:37pm
CNBC-
Stocks, Euro Spike on Report That Bundesbank President Is in Talks with Draghi (http://www.cnbc.com/id/48352210)

WTH!
(http://www.cnbc.com/id/48352210)
daddybearforex. com
  • #1,555
  • Jul 27, 2012 12:41pm Jul 27, 2012 12:41pm
Hi guys,


hope you had a great week I'm freakin exhausted. Now that Aussi is what i call parabolic on the smaller tfs lol. To whoever was fast enough to catch it off the newswires respect! i wasn't lol. Only got a tiny crumb of the EU... of course the wrong one...


Everyone have a great weekend & keep up the great cartoons papa bear
  • #1,556
  • Jul 27, 2012 12:45pm Jul 27, 2012 12:45pm
Quoting unknown4x
Hi guys,


hope you had a great week I'm freakin exhausted. Now that Aussi is what i call parabolic on the smaller tfs lol. To whoever was fast enough to catch it off the newswires respect! i wasn't lol. Only got a tiny crumb of the EU... of course the wrong one...


Everyone have a great weekend & keep up the great cartoons papa bear
Take it easy! The only thing we are losing in the Forex market is money only.
daddybearforex. com
  • #1,557
  • Jul 27, 2012 12:47pm Jul 27, 2012 12:47pm
Quoting DaddyBear
BTW, I belong to the first group. I have never been perfect since the beginning and will never be perfect in the foreseeable future. Because, I am a human being.
I also belong to that first group.
Although sometimes so soon that it might seem I belong to the second.
  • #1,558
  • Jul 27, 2012 12:48pm Jul 27, 2012 12:48pm
Quoting DaddyBear
CNBC-
Stocks, Euro Spike on Report That Bundesbank President Is in Talks with Draghi (http://www.cnbc.com/id/48352210)

WTH!
(http://www.cnbc.com/id/48352210)
This surge could be mainly caused by short squeeze. imho.
daddybearforex. com
  • #1,559
  • Jul 27, 2012 12:50pm Jul 27, 2012 12:50pm
Quoting doblece
I also belong to that first group.
Although sometimes so soon that it might seem I belong to the second.
Now, I have confirmed that you are a human being too.
daddybearforex. com
  • #1,560
  • Jul 27, 2012 12:53pm Jul 27, 2012 12:53pm
She's just launch final move before closing...i hope next week the bear do something...And obama start to campaign...
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