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Aussie Trading Room and Cartoons Gallery

  • #5,321
  • Aug 10, 2012 4:43pm Aug 10, 2012 4:43pm
HEy there,

Here's the latest UBS View on the markets if your interested.


D
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File Type: pdf ubs081012am.pdf   228 KB | 340 downloads
  • #5,322
  • Aug 10, 2012 8:12pm Aug 10, 2012 8:12pm
Quoting chiknthief
You can say its still in an uptrend - although 10400 is within reason without breaking the uptrend. (red line @ 10576 is strong resistance)

Daily chart :
Hello to everyone. New on thread although have been having a sticky for some time. DB's cartoons are of great amusement.

Finally made some pips with the Aususd yesterday and last night. Looking at chiknthief chart I reworked the upper trend line and it seems to show a sharper convergence to a cone. Don't know if it have any signification except that the bulls appear to be running out of steam and the volatility is slowing..

Regards
  • #5,323
  • Aug 10, 2012 10:44pm Aug 10, 2012 10:44pm
Why did I have to be sick? I wanted to short wednesday? I don't know, past couple days have been a blur.
Play the players, not the cards.
  • #5,324
  • Aug 10, 2012 11:04pm Aug 10, 2012 11:04pm
Quoting Heirundda
Hello to everyone. New on thread although have been having a sticky for some time. DB's cartoons are of great amusement.

Finally made some pips with the Aususd yesterday and last night. Looking at chiknthief chart I reworked the upper trend line and it seems to show a sharper convergence to a cone. Don't know if it have any signification except that the bulls appear to be running out of steam and the volatility is slowing..

Regards
Welcome Heirundda! Glad to know you made some pips this week. Have a nice weekend. -DB-
daddybearforex. com
  • #5,325
  • Aug 10, 2012 11:11pm Aug 10, 2012 11:11pm
Quoting Forexmint
What do the experts have to say? where is it doing DB? we need more bears... looks like there is some shortage of bear inventory at DBF.
After Friday's PA, seems to me the bulls still have upper hand so far. A gap up may be in place Sunday night. IMHO
daddybearforex. com
  • #5,326
  • Aug 10, 2012 11:23pm Aug 10, 2012 11:23pm
Quoting DaddyBear
After Friday's PA, seems to me the bulls still have upper hand so far. A gap up may be in place Sunday night. IMHO
DB once said, "History repeats itself, so does the Forex market." Here is a likely example [H4]. FYI
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-081012.JPG Size: 57 KB
daddybearforex. com
  • #5,327
  • Aug 10, 2012 11:25pm Aug 10, 2012 11:25pm
A picture is worth a 1,000 words, let alone, 100 pips.
Attached Image (click to enlarge)
Click to Enlarge Name: 1000words.jpg Size: 82 KB
Time turns trend. - W.D. Gann
  • #5,328
  • Aug 10, 2012 11:27pm Aug 10, 2012 11:27pm
Quoting ForExtraPips
A picture is worth a 1,000 words, let alone, 100 pips.
Could you indicate where the 100 pips is ?
daddybearforex. com
  • #5,329
  • Aug 10, 2012 11:28pm Aug 10, 2012 11:28pm
Quoting ForExtraPips
A picture is worth a 1,000 words, let alone, 100 pips.
do u mean market will open with gap on monday
  • #5,330
  • Aug 10, 2012 11:29pm Aug 10, 2012 11:29pm
Uh, oh. I'm back in prison. Trading behind bars. I love how this pair respects S/R so much better than other pairs. "I think I Gann, I think I Gann...."
Attached Image (click to enlarge)
Click to Enlarge Name: backinprison.jpg Size: 161 KB
Time turns trend. - W.D. Gann
  • #5,331
  • Aug 10, 2012 11:31pm Aug 10, 2012 11:31pm
Think DB's Bears are going to sleep again. Many "experts"? see AUDUSD bullish with resistance around 1.063. Opens it up to 1.069 if support fails.

Enjoyed the ride back up last night after having to close some shorts for a loss on the turn around.
  • #5,332
  • Aug 10, 2012 11:31pm Aug 10, 2012 11:31pm
Quoting ptetech
do u mean market will open with gap on monday
No. Gap is a trap. I'm just talking over all.
Time turns trend. - W.D. Gann
  • #5,333
  • Aug 10, 2012 11:35pm Aug 10, 2012 11:35pm
Quoting ptetech
do u mean market will open with gap on monday
Although my bias is bearish recently, the charts speak for themselves. I mainly focus on H4. As shown in my previous post, you may find out why I am thinking the possibility of gap up.
daddybearforex. com
  • #5,334
  • Aug 10, 2012 11:36pm Aug 10, 2012 11:36pm
Quoting DaddyBear
Could you indicate where the 100 pips is ?
When you're pinging back and forth, with the trend lines. An easy 100 pips, over all. 20 here, long, 30 there, short, etc.....
Time turns trend. - W.D. Gann
  • #5,335
  • Aug 10, 2012 11:37pm Aug 10, 2012 11:37pm
Quoting ForExtraPips
No. Gap is a trap. I'm just talking over all.
The gap could be a bull trap. It may be a good chance to fade the gap. IMHO
daddybearforex. com
  • #5,336
  • Aug 10, 2012 11:39pm Aug 10, 2012 11:39pm
Quoting DaddyBear
The gap could be a bull trap. It may be a good chance to fade the gap. IMHO
Exactly.
Time turns trend. - W.D. Gann
  • #5,337
  • Aug 10, 2012 11:42pm Aug 10, 2012 11:42pm
Quoting ForExtraPips
When you're pinging back and forth, with the trend lines. An easy 100 pips, over all. 20 here, long, 30 there, short, etc.....
Are you talking about scalping? The risk is high at this level. You may get 1 penny and lose one hundred.

http://www.forexfactory.com/attachme...1&d=1343617447
daddybearforex. com
  • #5,338
  • Aug 10, 2012 11:43pm Aug 10, 2012 11:43pm
Quoting DaddyBear
Are you talking about scalping? The risk is high at this level. You may get 1 penny and lose one hundred.

http://www.forexfactory.com/attachme...1&d=1343617447
Lower time frames, yes. H4 and above, no.
Time turns trend. - W.D. Gann
  • #5,339
  • Aug 10, 2012 11:45pm Aug 10, 2012 11:45pm
Tight SL works, too. That is, when you're working with 45 degree angles.
Time turns trend. - W.D. Gann
  • #5,340
  • Aug 10, 2012 11:45pm Aug 10, 2012 11:45pm
Here is my view.
2 possibilities to look for. Either retrace to 53.75 (fib 61.8) and continue down or
retrace 55(fib 38.2) then continue up
This is based upon Fib 1-2-3 pattern
My fib is drawn from recent low to Fr close.Feel free to comment if I made an error
Notice I ignored spikes at the low level.Either way I will be looking to short at least to 55
Attached Image (click to enlarge)
Click to Enlarge Name: aud monday.gif Size: 18 KB
In trading, you have to be defensive and aggressive at the same time
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