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Aussie Trading Room and Cartoons Gallery

  • #3,761
  • Aug 3, 2012 12:02pm Aug 3, 2012 12:02pm
Quoting NYForexer
Hey DB,

So what's your outlook on AUD/USD now after all the big news? Do you think we will retrace down or will we fly to the moon? Not asking for predictions, just your opinon

Thanks!
IMHO, the Aussie will retrace down then fly to the moon.
daddybearforex. com
  • #3,762
  • Aug 3, 2012 12:20pm Aug 3, 2012 12:20pm
Quoting DaddyBear
IMHO, the Aussie will retrace down then fly to the moon.
Ha ha, nice. I missed this move up on Aussie today, but guess I will be waiting for that retrace next week and start buying it out and await to see the moon light.
  • #3,763
  • Aug 3, 2012 12:29pm Aug 3, 2012 12:29pm
Quoting NYForexer
Ha ha, nice. I missed this move up on Aussie today, but guess I will be waiting for that retrace next week and start buying it out and await to see the moon light.
My opinion is FYI only.
daddybearforex. com
  • #3,764
  • Aug 3, 2012 12:33pm Aug 3, 2012 12:33pm
Quoting DaddyBear
IMHO, the Aussie will retrace down then fly to the moon.
DB
how far a retrace are you expecting...imo 1.043x then rebound up again
Wooooohooooo or Boooooohooooo
  • #3,765
  • Aug 3, 2012 12:38pm Aug 3, 2012 12:38pm
Quoting DaddyBear
My opinion is FYI only.
I understand completely. Don't worry, I won't try to sue you if I loose money based on your opinion
  • #3,766
  • Edited 10:02pm Aug 3, 2012 12:45pm | Edited 10:02pm
Quoting gnomoneey
DB
how far a retrace are you expecting...imo 1.043x then rebound up again
Don't have a clear picture yet.
daddybearforex. com
  • #3,767
  • Aug 3, 2012 12:47pm Aug 3, 2012 12:47pm
Everything has just gone positive for this pair on 4hr chart except for FDI. BB with Keltner channels have turned positive after staying in consolidation since 02.08..Daily fast stoch showing signs of turning up as well..
Be the change that you want to change
  • #3,768
  • Aug 3, 2012 12:52pm Aug 3, 2012 12:52pm
Quoting mubinirl
Everything has just gone positive for this pair on 4hr chart except for FDI. BB with Keltner channels have turned positive after staying in consolidation since 02.08..Daily fast stoch showing signs of turning up as well..
please show your chart?

thanks,
G
Wooooohooooo or Boooooohooooo
  • #3,769
  • Edited 12:58pm Aug 3, 2012 12:57pm | Edited 12:58pm
I know its a clutter..if only i can train my myself to follow it..
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUS_USD_4.jpg Size: 125 KB
Click to Enlarge Name: AUS_USD_Daily.jpg Size: 124 KB
Be the change that you want to change
  • #3,770
  • Aug 3, 2012 1:18pm Aug 3, 2012 1:18pm
Quoting DaddyBear
IMHO, the Aussie will retrace down then fly to the moon.
Spot on DaddyBear. Im predicting a huge move to the moon perhaps to 1.1000 during the next few weeks. First a minor retracement next week, then we fly. Look at the textbook drop in May as investors "sell in may and go away". Most people are expecting QE3 sometime in September. We will need it by then as I think we'll I see a huge drop in the AussieDollar and the Dow once it touches that 161.8 fib extension up there. Middle of August some shit will hit the fan and we might have a massive sell off in risk currencies. Just my speculation.

Plus the market tends to drop before elections. And as we all know, most of the time the market has made a climb back higher starting around october/november as investors scoop up stocks again at low prices.

What do you think?
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 107 KB
  • #3,771
  • Aug 3, 2012 1:26pm Aug 3, 2012 1:26pm
Quoting benir
Spot on DaddyBear. Im predicting a huge move to the moon perhaps to 1.1000 during the next few weeks. First a minor retracement next week, then we fly. Look at the textbook drop in May as investors "sell in may and go away". Most people are expecting QE3 sometime in September. We will need it by then as I think we'll I see a huge drop in the AussieDollar and the Dow once it touches that 161.8 fib extension up there. Middle of August some shit will hit the fan and we might have a massive sell off in risk currencies. Just my speculation....
I am thinking ............
daddybearforex. com
  • #3,772
  • Aug 3, 2012 2:24pm Aug 3, 2012 2:24pm
Hello DB,

Sleep well and enjoy your nice weekend


God bless you and family
If there was easy money lying around,no one would be forcing it into your
  • #3,773
  • Aug 3, 2012 2:30pm Aug 3, 2012 2:30pm
Quoting FXMindset
Hello DB,

Sleep well and enjoy your nice weekend


God bless you and family
FXM, have a nice weekend. God bless you and family too. -DB-
daddybearforex. com
  • #3,774
  • Aug 3, 2012 4:19pm Aug 3, 2012 4:19pm
1.06 ... hmm, why not 1.1? They say an object in motion tends to remain in motion ... and the Aussie is quite in motion. This small weekly candle suggests bigger move next week, and close near the high means "caneater currency" still stronger than many others.
EUR/AUD still below H4/Daily downtrend line, must close above 1.85 to even consider an Aussie short ... except maybe AUD/NZD, but who trades that pair anyway, eyewatering spreads, 6 pips or so during busiest London hours.

Hmmm ... motion .. reminds me the old song U96 - Night in motion ... for techno music fans
Quoting KiNgEdwarD
i think we are on move towards 1.06xx next week.eu up movement even with positive NFP shows high bullish move next week i guess
forget about tomorrow, just steal away into the night
  • #3,775
  • Aug 3, 2012 5:14pm Aug 3, 2012 5:14pm
Don't forget VIX, today close at 15.6...a huge massive sell off is coming next week, i think that today was just a short covering rally...buy USD and sell other currencies, that's my opinion.
  • #3,776
  • Edited Aug 4, 2012 1:48pm Aug 3, 2012 9:08pm | Edited Aug 4, 2012 1:48pm
After performing at the Forex Theater for almost 30 hours without taking a break, the Bull did not know if he should forgo encores demanded by the mad audiences .............

Attention: DaddyBear's cartoons are not indicators, please do not apply them to your charts because they won't fit anyway.
Attached Image
daddybearforex. com
  • #3,777
  • Aug 3, 2012 9:18pm Aug 3, 2012 9:18pm
Quoting DaddyBear
After performing at the Forex Theater for almost 30 hours without taking a break, the Bull did not know if he should forgo encores demanded by the mad audiences .............

Attention: DaddyBear's cartoons are not indicators, please do not apply them to your charts because they won't fit anyway.
Some experts always say that closing near the high means a continuation. In my opinion, I doubt about this statement. There are different bulls. Some bulls may be able to carry on the mission but some cannot.

The rationale behind my opinion is simply the issue of DNA. Like humans, the bulls have different races. I wouldn't treat them all the same.

A bullish statement without identifying the DNA of the bull is not meaningful. IMHO
daddybearforex. com
  • #3,778
  • Edited Aug 4, 2012 12:28am Aug 3, 2012 9:28pm | Edited Aug 4, 2012 12:28am
Quoting benir
Spot on DaddyBear. Im predicting a huge move to the moon perhaps to 1.1000 during the next few weeks. First a minor retracement next week, then we fly. Look at the textbook drop in May as investors "sell in may and go away". Most people are expecting QE3 sometime in September. We will need it by then as I think we'll I see a huge drop in the AussieDollar and the Dow once it touches that 161.8 fib extension up there. Middle of August some shit will hit the fan and we might have a massive sell off in risk currencies. Just my speculation....
I have been thinking about your message for a few hours. You have gotten a good point. But, I am reluctant to agree on your view of going to 1.1000 during the next few weeks. Although I have a moderate bullish view, 1.1000 seems to me is overextended too far to reach ........ IMHO
daddybearforex. com
  • #3,779
  • Aug 3, 2012 9:37pm Aug 3, 2012 9:37pm
Quoting spekitox
1.06 ... hmm, why not 1.1? They say an object in motion tends to remain in motion ... and the Aussie is quite in motion. This small weekly candle suggests bigger move next week, and close near the high means "caneater currency" still stronger than many others.
EUR/AUD still below H4/Daily downtrend line, must close above 1.85 to even consider an Aussie short ... except maybe AUD/NZD, but who trades that pair anyway, eyewatering spreads, 6 pips or so during busiest London hours.

Hmmm ... motion .. reminds me the old song [b]U96 - Night...
You also have gotten a good point in your message. why not 1.1? My view was expressed in my previous posts. The current bull rising from June 1 does not have the right DNA built in. IMHO
daddybearforex. com
  • #3,780
  • Aug 3, 2012 9:45pm Aug 3, 2012 9:45pm
Quoting petehnm
hey bro I don't suppose you'd mine posting that chart..I'm really not sure how to use andrew's pitch fork....I can draw it just don't now where to put the points...
Usually you place the points at the peaks of three consecutive swing high / swing low.

This can help:
http://www.investopedia.com/terms/a/andrewspitchfork.asp#axzz22XdP4eJd
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