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Aussie Trading Room and Cartoons Gallery

  • #4,661
  • Aug 8, 2012 3:59am Aug 8, 2012 3:59am
Could it be a real downtrend? With NY in consolidation mode, I wonder.
Attached Image (click to enlarge)
Click to Enlarge Name: AuDowntrend.JPG Size: 120 KB
*Always trade your own plan.
  • #4,662
  • Aug 8, 2012 4:28am Aug 8, 2012 4:28am
Quoting MarkumL
Could it be a real downtrend? With NY in consolidation mode, I wonder.
this is ranging not downtrend, but still on the upside of the game. eur too has been stucked in range these few days.

Just waiting for whoever to crack the wall on each side..

No PA, just up down up down, u may call it consolidation mode. AUD range is too tight, not even recommended for scalping.

trying to get some pips off eur while ranging.
  • #4,663
  • Aug 8, 2012 5:43am Aug 8, 2012 5:43am
why the f*** wont it let me to post a chart!!
  • #4,664
  • Aug 8, 2012 6:31am Aug 8, 2012 6:31am
Adding more soldiers
Full blown offensive
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #4,665
  • Aug 8, 2012 6:51am Aug 8, 2012 6:51am
Quoting MarkumL
Could it be a real downtrend? With NY in consolidation mode, I wonder.
Welcome MarkumL! Your chart looks interesting. -DB-
daddybearforex. com
  • #4,666
  • Aug 8, 2012 6:51am Aug 8, 2012 6:51am
I think the Aussie will make up it's mind come tomorrow with all the fundies scheduled, until then expect a tight range between 1.05 and 1.06. No bias at the moment although it is to the bulls as the RBA is not expected to cut rates anytime soon which makes the AU/ccy the best carry trade out there. The sooner people realise this the sooner the AU will rise but the EU problems still dwell...

Those are my thoughts anyway,

Criticize all you want
  • #4,667
  • Aug 8, 2012 7:07am Aug 8, 2012 7:07am
Quoting doblece
Attachment

"the length of the gargoyle determines how far water is thrown from the wall" ( http://en.wikipedia.org/wiki/Gargoyle )

I have been very obsessed by the gargoyles of medieval era buildings. Here is my version of the Bull gargoyle.
Attached Image (click to enlarge)
Click to Enlarge Name: GARGOYLE.JPG Size: 93 KB
daddybearforex. com
  • #4,668
  • Aug 8, 2012 7:10am Aug 8, 2012 7:10am
Quoting whyphi
I think the Aussie will make up it's mind come tomorrow with all the fundies scheduled, until then expect a tight range between 1.05 and 1.06. No bias at the moment although it is to the bulls as the RBA is not expected to cut rates anytime soon which makes the AU/ccy the best carry trade out there. The sooner people realise this the sooner the AU will rise but the EU problems still dwell...

Those are my thoughts anyway,

Criticize all you want
The Aussie has risen over 10 percent vs the USD since late May.
  • #4,669
  • Aug 8, 2012 7:15am Aug 8, 2012 7:15am
Quoting 5percent
Aud received the 2nd bounce off 1.0530 area. 2nd time support was tested this asia. 1hour chart. The uptrend is still intact.

before the bear get carried away on the bus ride down from 1.06. There is still a possibility to see 1.0610-20 today if bull camp at 1.0530 stays firm.

breaching support, we can see 1.0515.

Before sell stops at 1.05.

Forexlive: AUD/USD: 1.0450, 1.0500, 1.0515 Option expiry
For the 1000NY/1400GMT cut

My plan is to short again if this past 1.06

intra-day longs can be placed from 1.0510-30, stops should not be after 1.0500...
back to testing trendline again, eur just fell off, aus still seating on it, may break loosee anytime....

It's las vegas again! and they love to dump.
  • #4,670
  • Aug 8, 2012 7:19am Aug 8, 2012 7:19am
Thanks, DB, but I've posted before. Once.

It's an interesting chart, but it was wrong!
I forgot to take into account the magic fibonacci number: Wave 2 – 0.616, 0.786
I apologize. My demo account got stopped out early. I apologize to y'all and to myself.

I'm not saying this is right. I'm still learning!

Now will we really have Wave 3
Wave 3 to wave 1 – 1, 1.618, 2.618, 4.236...?
(1.0484!)
Attached Image (click to enlarge)
Click to Enlarge Name: EarlyWithout Fibs.GIF Size: 124 KB
*Always trade your own plan.
  • #4,671
  • Aug 8, 2012 7:19am Aug 8, 2012 7:19am
Quoting DaddyBear
I have been very obsessed by the gargoyles of medieval era buildings. Here is my version of the Bull gargoyle.
Since this Bull gargoyle is made of double N, the water thrown out from its mouth will reach much further distance than a single N.
daddybearforex. com
  • #4,672
  • Aug 8, 2012 7:30am Aug 8, 2012 7:30am
Quoting MarkumL
Thanks, DB, but I've posted before. Once.

It's an interesting chart, but it was wrong!
I forgot to take into account the magic fibonacci number: Wave 2 – 0.616, 0.786
I apologize. My demo account got stopped out early. I apologize to y'all and to myself.

I'm not saying this is right. I'm still learning!

Now will we really have Wave 3
Wave 3 to wave 1 – 1, 1.618, 2.618, 4.236...?
(1.0484!)
This Bull gargoyle is likely a wave B; so the following wave is C not 3. IMHO
daddybearforex. com
  • #4,673
  • Aug 8, 2012 7:40am Aug 8, 2012 7:40am
Golden cross (50 ema crossing over 200 ema) on daily ? Bullish Signal ??

Maybe wait until China CPI/PPI tmrw before pulling the trigger..
  • #4,674
  • Aug 8, 2012 7:52am Aug 8, 2012 7:52am
Quoting DaddyBear
I have been very obsessed by the gargoyles of medieval era buildings. Here is my version of the Bull gargoyle.

Absolutely brilliant!
  • #4,675
  • Aug 8, 2012 7:56am Aug 8, 2012 7:56am
[quote=vinfx;5913272]Golden cross (50 emarr crossing over 200 ema) on daily ? Bullish Signal ??

Maybe wait until China CPI/PPI tmrw before pulling the trigger..[/QUOTE

You are absolutely right. China CPI/PPI will be poor than the previour one. But should prepare to short tonight AUD at 1.06 and double short at 1.0625. AUD has great correlation with China's economic.
  • #4,676
  • Aug 8, 2012 8:16am Aug 8, 2012 8:16am
Watch for these support/resistance numbers.

Dan 12:12 Blessed is he that waiteth, and cometh to the thousand three hundred and five and thirty days.
Attached Image (click to enlarge)
Click to Enlarge Name: DC aud-usd.png Size: 15 KB
  • #4,677
  • Aug 8, 2012 8:19am Aug 8, 2012 8:19am
Hi everyone,
Yes, guilty of lurking
Just getting back into FX trading, and enjoying this forum. I think we will see some action tomorrow. Thanks for informative & entertaining posts.
Much to learn, but making progress.
  • #4,678
  • Aug 8, 2012 8:29am Aug 8, 2012 8:29am
Quoting gnomoneey
long aud/usd 1.0549 tp 1.06 half n rest ride ....retracement done n bull contiuned
long aud/nzd 1.2943 tp 1.2980.... retracement to daily r2

will wait until thursday
aud/nzd limit triggered +37
Wooooohooooo or Boooooohooooo
  • #4,679
  • Aug 8, 2012 9:03am Aug 8, 2012 9:03am
Financial Market players divide into two groups: Predators and Prey. Prey in the markets are weak, indecisive, usually wrong and lose money consistently. They are followers of others; always searching for the next big thing and trying to live on scraps and carrion. That these people trade stocks, forex, commodities and derivatives is what creates a herd of Prey for the Predators to plunder.
  • #4,680
  • Aug 8, 2012 9:13am Aug 8, 2012 9:13am
NOT the Daily NEWS
There is a deeply ingrained belief that markets respond to News and hence whole tribes of journos are tasked with parsing the News each day to find something supportive of market moves after the fact. This basic assumption is not only 'not' true, but is quite contrary to reality.
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