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Aussie Trading Room and Cartoons Gallery

  • #4,241
  • Aug 6, 2012 8:36pm Aug 6, 2012 8:36pm
Quoting DaddyBear
Welcome aboard, Rag2RichesFX! Please post your insights of the Aussie trading at anytime in this forum. -DB-
I appreciate the warm welcome.

Scouts at 1.0550 have me on the defensive

Hold the lines! Stand Firm!

Supreme General RBA makes decision on whether to give financial blessing to the bulls or bears. These war financiers usually provide supplies for whichever side of the war they choose to be on, when the news is clear, we must be prepared to strike them hard or retreat to the watch tower at 2630 or the castle at 2750, whichever you are most brave enough for. But we must live to fight another day.

Rumors of reinforcements arriving around 1.0575/80. Stand firm!

edit: uploaded wrong chart
Attached Image (click to enlarge)
Click to Enlarge Name: AU-30m-8-6-2012 (battlefield).jpg Size: 127 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #4,242
  • Aug 6, 2012 8:42pm Aug 6, 2012 8:42pm
My gut is telling me that we won't be going above 1.0620.

This happens to be a point where the R2 and the murray math level 6/8 meet up and the UTL is fixing to run through that point soon.

I don't think it's a coincidence that these are all merging together.
  • #4,243
  • Aug 6, 2012 8:46pm Aug 6, 2012 8:46pm
Quoting DaddyBear
FYI
... and ... we also have a rising wedge almost at the end of its rope ... projection of the scope from highs would bring us back to 1.0175 and lower depending on the breakpoint level ...

Technically for me it's a short. Might eventually take off looking for the round number (and bull trapping and getting a better price, etc.) before the news. Unless we get back a rate rise (quite improbable?) this wedge HAS to break down.

This is only my point of view and in no way a trade recommendation.
As I said in an earlier post, there is still room for a rise to the UTL of the DTL (around 1.0670/90) so caution has to be exerted. I'd wait for the established news to make up my mind about it.
  • #4,244
  • Aug 6, 2012 8:50pm Aug 6, 2012 8:50pm
Hi guys, i am back
  • #4,245
  • Aug 6, 2012 8:51pm Aug 6, 2012 8:51pm
Reinforcements into 1.0575/80 nowhere to be found! Retreating to the watch tower with minor injuries! (-9 unfortunately)
Be hopeful in a winning position, and fearful in a losing position.
  • #4,246
  • Aug 6, 2012 8:51pm Aug 6, 2012 8:51pm
GAME STAGE : WILL SHOOT UP , becareful shorters


Real show : thursday (gmt +8) Chinese PMI
  • #4,247
  • Aug 6, 2012 8:54pm Aug 6, 2012 8:54pm
just a quick hi.

Hi!
There are those who know, and there are those who don't know.
  • #4,248
  • Aug 6, 2012 8:55pm Aug 6, 2012 8:55pm
I spy with my little eye, a lot of interesting stuff.
There are those who know, and there are those who don't know.
  • #4,249
  • Aug 6, 2012 8:57pm Aug 6, 2012 8:57pm
Quoting palabara
I spy with my little eye, a lot of interesting stuff.
Man, the vampire comes at night.
daddybearforex. com
  • #4,250
  • Aug 6, 2012 8:59pm Aug 6, 2012 8:59pm
Quoting DaddyBear
Man, the vampire comes at night.
wouldn't be a vampire, if i,didn't come out at night.
There are those who know, and there are those who don't know.
  • #4,251
  • Aug 6, 2012 9:06pm Aug 6, 2012 9:06pm
GAME STAGE : after analysing of 3 correlated currencies , there is a a upward 40 pips gap need to be covered before something may happened. watch out
  • #4,252
  • Aug 6, 2012 9:07pm Aug 6, 2012 9:07pm
Quoting leticus
GAME STAGE : after analysing of 3 correlated currencies , there is a a upward 40 pips gap need to be covered before something may happened. watch out
can you make it 40 pips donward would be helpful
There are those who know, and there are those who don't know.
  • #4,253
  • Aug 6, 2012 9:08pm Aug 6, 2012 9:08pm
Quoting leticus
GAME STAGE : after analysing of 3 correlated currencies , there is a a upward 40 pips gap need to be covered before something may happened. watch out
What happened? I was sleeping.
daddybearforex. com
  • #4,254
  • Aug 6, 2012 9:10pm Aug 6, 2012 9:10pm
Quoting palabara
can you make it 40 pips donward would be helpful

Cant change the fact that its going to go up based on what i see.
  • #4,255
  • Aug 6, 2012 9:12pm Aug 6, 2012 9:12pm
Quoting leticus
Cant change the fact that its going to go up based on what i see.
do you have 20/20 vision
There are those who know, and there are those who don't know.
  • #4,256
  • Aug 6, 2012 9:12pm Aug 6, 2012 9:12pm
Quoting leticus
Cant change the fact that its going to go up based on what i see.
What did you see? A horror movie?
daddybearforex. com
  • #4,257
  • Aug 6, 2012 9:15pm Aug 6, 2012 9:15pm
The horror movie will start screening after this week.
This week is the opening credits.
  • #4,258
  • Aug 6, 2012 9:15pm Aug 6, 2012 9:15pm
I don't see up or down all i see is pips the more i see the more I :drool:
There are those who know, and there are those who don't know.
  • #4,259
  • Aug 6, 2012 9:16pm Aug 6, 2012 9:16pm
Self control .


Use lesser leverage : 1:10 if you cant control yourself
  • #4,260
  • Aug 6, 2012 9:18pm Aug 6, 2012 9:18pm
ever see the movie the matrix and the kid is like the spoon dosnt bend its you who bends. if, I bend anymore I'll be a pretzel.
There are those who know, and there are those who don't know.
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