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  • #4,261
  • Aug 6, 2012 9:59pm Aug 6, 2012 9:59pm
Quoting DaddyBear
What happened? I was sleeping.
its indicated to go to 0724 min.. is all. if they cut.. then maybe not, at this time.. i wait for the pullback.. its cheaper..
those who can, do. those who cant, talk about those who can
  • #4,262
  • Aug 6, 2012 10:06pm Aug 6, 2012 10:06pm
Quoting gatorinla
its indicated to go to 0724 min.. is all. if they cut.. then maybe not, at this time.. i wait for the pullback.. its cheaper..
it is absolutely in a buy the dip mode...i anticipate no rate cut anyway
  • #4,263
  • Aug 6, 2012 10:08pm Aug 6, 2012 10:08pm
Buy the dip to sell at the double top? Weird slope for the neckline, but I'm thinking .0575 will be my TP.
Play the players, not the cards.
  • #4,264
  • Aug 6, 2012 10:09pm Aug 6, 2012 10:09pm
Quoting gatorinla
its indicated to go to 0724 min.. is all. if they cut.. then maybe not, at this time.. i wait for the pullback.. its cheaper..
I'd say 0675 is more feasible than 0724. But it has to come down somewhere before moving up to that point. IMHO
daddybearforex. com
  • #4,265
  • Aug 6, 2012 10:10pm Aug 6, 2012 10:10pm
Quoting SnaveForex
it is absolutely in a buy the dip mode...i anticipate no rate cut anyway
maybe 0516 if this high holds. s/r at 0510 ect on chart.. i would like 0440 area to L... with a small stop. near 0433 to target 0724Min
those who can, do. those who cant, talk about those who can
  • #4,266
  • Aug 6, 2012 10:11pm Aug 6, 2012 10:11pm
Quoting DaddyBear
I'd say 0675 is more feasible than 0724. But it has to come down somewhere before moving up to that point. IMHO
i am definitely in for the ride
  • #4,267
  • Aug 6, 2012 10:13pm Aug 6, 2012 10:13pm
Quoting gatorinla
maybe 0516 if this high holds. s/r at 0510 ect on chart.. i would like 0440 area to L... with a small stop. near 0433 to target 0724Min
0433 would form a triple-bottom if it holds.
daddybearforex. com
  • #4,268
  • Aug 6, 2012 10:14pm Aug 6, 2012 10:14pm
Quoting DaddyBear
I'd say 0675 is more feasible than 0724. But it has to come down somewhere before moving up to that point. IMHO
This I can see. It's the high after changing into a downtrend. You can see a base around this level on the 1H chart, too. About March 5th?
Play the players, not the cards.
  • #4,269
  • Aug 6, 2012 10:16pm Aug 6, 2012 10:16pm
Quoting DaddyBear
0433 would form a triple-bottom if it holds.
0510 happens more times then not.. r/r there is 1-4 to L
those who can, do. those who cant, talk about those who can
  • #4,270
  • Aug 6, 2012 10:18pm Aug 6, 2012 10:18pm

"There has been speculation the RBA is uncomfortable with the Aussie at such high levels given falling prices for key commodity exports, and could hint at its unhappiness."

  • #4,271
  • Aug 6, 2012 10:20pm Aug 6, 2012 10:20pm
Quoting DaddyBear
I'd say 0675 is more feasible than 0724. But it has to come down somewhere before moving up to that point. IMHO
I've felt that about Aussie many times only to see her keep going up. I will wait for major resistance as I don't feel comftorable with it.

I'd rather short E/U instead until Aussie is overbought on rsi and going into trendline resistance and weekly bollinger band convergence into 1.07. RSI is almost there on the daily, at 68 now. also historically a nice supply area

Could go as high as 107.50 before pulling back IMO but scaling in shorts anywhere in the 107s is a good idea I am thinking

I gave up on my short from 105.71 so there's my bias

A/U weekly
Attached Image (click to enlarge)
Click to Enlarge Name: AU-Weekly-8-6-2012.jpg Size: 168 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #4,272
  • Aug 6, 2012 10:21pm Aug 6, 2012 10:21pm
Quoting GnarlyPips
This I can see. It's the high after changing into a downtrend. You can see a base around this level on the 1H chart, too. About March 5th?
I think it's March 7th.
daddybearforex. com
  • #4,273
  • Aug 6, 2012 10:21pm Aug 6, 2012 10:21pm
Quoting DaddyBear
0433 would form a triple-bottom if it holds.
at 0439 about 1-27.. using a 10 s/l. excluding spread.
those who can, do. those who cant, talk about those who can
  • #4,274
  • Aug 6, 2012 10:22pm Aug 6, 2012 10:22pm
Quoting DaddyBear
0433 would form a triple-bottom if it holds.

If price doesn't hold here, I think .0315 or just .03 (for the psychological level) will be the next area to watch out for.

Quote
On the 1H chart, you can see where price dipped down to the 1.045 level, barely missing the 200 EMA. The rally that happened on 7/26 has an origin around 1.0315. If price drops down to this level, it could very well touch the 200 EMA. Added probability. If price breaks this level, then 1.022 is another demand area.

Taken from my journal.
Play the players, not the cards.
  • #4,275
  • Aug 6, 2012 10:37pm Aug 6, 2012 10:37pm
Quoting GnarlyPips
Buy the dip to sell at the double top? Weird slope for the neckline, but I'm thinking .0575 will be my TP.

Well, I took profit 4 pips higher. Didn't want there to be a huge wick and price wasn't moving as fast as I wanted. Maybe it's just a snag, but I'm on hyper-alert when scalping.
Attached Image (click to enlarge)
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Play the players, not the cards.
  • #4,276
  • Aug 6, 2012 10:44pm Aug 6, 2012 10:44pm
Based on pattern-ology, here is one probability.
Attached Image (click to enlarge)
Click to Enlarge Name: PT-080612.JPG Size: 99 KB
daddybearforex. com
  • #4,277
  • Aug 6, 2012 10:47pm Aug 6, 2012 10:47pm
Quoting DaddyBear
Based on pattern-ology, here is one probability.
BTW, NL = NEW LOW
daddybearforex. com
  • #4,278
  • Aug 6, 2012 10:50pm Aug 6, 2012 10:50pm
Hey DB,
So you thinking we start to climb higher on AU?
I am seeing some possible reversal at the 1.0595 area...and looking at daily adx...starting to fall...
What u think?

TT
  • #4,279
  • Aug 6, 2012 10:53pm Aug 6, 2012 10:53pm
Quoting TrendTrader
Hey DB,
So you thinking we start to climb higher on AU?
I am seeing some possible reversal at the 1.0595 area...and looking at daily adx...starting to fall...
What u think?

TT
From current price to 1.0595 is climbing higher. Do you agree? Daily ADX (13) is close to the peak.
daddybearforex. com
  • #4,280
  • Aug 6, 2012 10:54pm Aug 6, 2012 10:54pm
Quoting DaddyBear
BTW, NL = NEW LOW
or NO LIMIT....
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