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Aussie Trading Room and Cartoons Gallery

  • #4,401
  • Aug 7, 2012 8:07am Aug 7, 2012 8:07am
good morning all.....well gotta work on my TP points...have a couple of what I believe are decent shorts going... starting at 1.0601...had my TP at last nights low 1.0553 ...as usual close but no cigar....well lets see if we can go back up for one or two more short points...maybe 1.0610-15??? what do you guys think..
  • #4,402
  • Aug 7, 2012 8:14am Aug 7, 2012 8:14am
Hi Petehnm,
I do feel that we can test 1.0610 tonight but it might be a slow grind. I have a long with that target and will see what happens.

Seems as though the Aussie is not following the Eur atm

Also there is talk of a large barrier at 1.06xx

Lets just wait and see what the Americans do...
  • #4,403
  • Aug 7, 2012 8:22am Aug 7, 2012 8:22am
Quoting whyphi
Hi Petehnm,
I do feel that we can test 1.0610 tonight but it might be a slow grind. I have a long with that target and will see what happens.

Seems as though the Aussie is not following the Eur atm

Also there is talk of a large barrier at 1.06xx

Lets just wait and see what the Americans do...
how's it going whyphi....will be keeping an eye on the US session as well...maybe the bull starting to loose a bit of steam to like in papa's cartoon the bulls encore may be over.....
  • #4,404
  • Aug 7, 2012 8:44am Aug 7, 2012 8:44am
For some reason I have this feeling that the Aussie Bull is going to have 1 more try within a couple of hours as the EURAUD short squeeze has finished and possibly reverses sending the AU up.

Those are my thoughts anyway and I will be closing my trade upon completion of the London session
  • #4,405
  • Aug 7, 2012 9:21am Aug 7, 2012 9:21am
Anyone know the odds of a triple top forming?
  • #4,406
  • Aug 7, 2012 9:24am Aug 7, 2012 9:24am
Quoting petehnm
how's it going whyphi....will be keeping an eye on the US session as well...maybe the bull starting to loose a bit of steam to like in papa's cartoon the bulls encore may be over.....
The manager asked the Bull to leave the stage. In the meantime, the audience was given a triangle in return for their encores. -DB-

http://www.forexfactory.com/attachme...1&d=1344176569
daddybearforex. com
  • #4,407
  • Aug 7, 2012 9:28am Aug 7, 2012 9:28am
let's see if they make enough noise with their triangles to get management to allow one more encore...the big finale...
  • #4,408
  • Aug 7, 2012 9:29am Aug 7, 2012 9:29am
Good morning traders! My trip was cancelled so I'm still here.

Attached Image (click to enlarge)
Click to Enlarge Name: wedgy.gif Size: 10 KB


Finally H4 wedge breaking, projection to 1.0430/1.0417, with most probably a correction and retest of the break when reaching 1.0520.

Now, coffee.
  • #4,409
  • Aug 7, 2012 9:36am Aug 7, 2012 9:36am
Quoting doblece
Good morning traders! My trip was cancelled so I'm still here.

Attachment

Finally H4 wedge breaking, projection to 1.0430/1.0417, with most probably a correction and retest of the break when reaching 1.0520.

Now, coffee.
Nice chart, doby! My M30 triangle was born to your H4 wedge. It's a grandson if you will.
daddybearforex. com
  • #4,410
  • Aug 7, 2012 9:39am Aug 7, 2012 9:39am
Quoting DNTme
Short 0580 target 0500 0435 0345

looking good..keep rolling baby

need ucad to kick up a bit too
fokyou forexfactory
  • #4,411
  • Aug 7, 2012 9:40am Aug 7, 2012 9:40am
Quoting petehnm
let's see if they make enough noise with their triangles to get management to allow one more encore...the big finale...
Are you .....
http://www.forexfactory.com/attachme...1&d=1344315376
daddybearforex. com
  • #4,412
  • Aug 7, 2012 9:45am Aug 7, 2012 9:45am
Quoting DaddyBear
Nice chart, doby! My M30 triangle was born to your H4 wedge. It's a grandson if you will.
A Baby Bear!
Welcome to the family!
Quick, he looks hungry, let's give him some milk!
  • #4,413
  • Aug 7, 2012 9:45am Aug 7, 2012 9:45am
Engulfing red bar forming in H1, support broke 15mins, to next candle
  • #4,414
  • Aug 7, 2012 9:45am Aug 7, 2012 9:45am
Quoting DaddyBear
Are you .....
http://www.forexfactory.com/attachme...1&d=1344315376

lol, hi db, I'm sure his just kidding you
There are those who know, and there are those who don't know.
  • #4,415
  • Aug 7, 2012 9:45am Aug 7, 2012 9:45am
Quoting DaddyBear
Are you .....
http://www.forexfactory.com/attachme...1&d=1344315376
LOL...no papa I wouldn't do that...I just don't think this pair hasn't lost its fight yet..not until some more of this uncertainty with the eur and china get's straighten out...just my view I still think 1.0620+ is still in the books....
  • #4,416
  • Aug 7, 2012 9:46am Aug 7, 2012 9:46am
Quoting doblece
A Baby Bear!
Welcome to the family!
Quick, he looks hungry, let's give him some milk!
I guess he prefers beer made in the US only.
daddybearforex. com
  • #4,417
  • Edited 10:07am Aug 7, 2012 9:46am | Edited 10:07am
great to see it losing it's bull steam, gradually coming down, but the bear's strength is not strong enough. must take out every bull towers at bid into 1.0500 to activate more bears!..

Ytd we have a very tight range, alike today so far we have about 50 pips range as well.

SP crossed 1400 but aus did not follow up. I plan to short some indices like dax and cac given a nice level, but looks danger, have to see tonight's indice's closing to determine if this is a good position to short.

Daily aud is pointing for some downside test, it can still be stubborn to maintain around 1.0550-1.0670. but still a nice place to short once risk turns off, it should tumble down so quick..

2 more days we have unemployment data, a negative one should unleash the great bear. On 4 hour, it's pressing on the trendline, should go down from 1.06 if that's the top we have. Boilinger band is abit tight, the downside can be limited today.. But 4 hour should favor the bear. unless another stupid rumor for the bulls.

need a drastic drop, it's on the asia's support level again.
  • #4,418
  • Aug 7, 2012 9:47am Aug 7, 2012 9:47am
Quoting DaddyBear
Are you .....
http://www.forexfactory.com/attachme...1&d=1344315376

To me, this one looks more like a mad dog

i was waiting for a bear
fokyou forexfactory
  • #4,419
  • Aug 7, 2012 9:49am Aug 7, 2012 9:49am
Quoting petehnm
LOL...no papa I wouldn't do that...I just don't think this pair hasn't lost its fight yet..not until some more of this uncertainty with the eur and china get's straighten out...just my view I still think 1.0620+ is still in the books....
Well, then please remain in your seat in the theater while the custodians are cleaning up all bull sxxx on the floor. -Papa-
daddybearforex. com
  • #4,420
  • Aug 7, 2012 9:53am Aug 7, 2012 9:53am
Quoting petehnm
LOL...no papa I wouldn't do that...I just don't think this pair hasn't lost its fight yet..not until some more of this uncertainty with the eur and china get's straighten out...just my view I still think 1.0620+ is still in the books....

for those of you out there watching ..please understand I'm a big time rookie at this...what I'm anticipating is in no way me saying come along for the ride...I've made plenty ogf mistake these last few weeks ..but I'm getting better at it...pay more attention to some of the more experience traders here you'll learn a lot... good luck to all of you...and remember no DD...
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