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  • #5,901
  • Aug 14, 2012 8:17pm Aug 14, 2012 8:17pm
Quoting mubinirl
Anybody else sees 1.036 as next long term support & then 1.024 as the next murray math daily supports ?
I see 1.044, it has been both support and resistance in the resent past
Some people say I'm lucky, but the more I practice the luckier I get
  • #5,902
  • Aug 14, 2012 8:18pm Aug 14, 2012 8:18pm
Quoting mubinirl
Anybody else sees 1.036 as next long term support & then 1.024 as the next murray math daily supports ?
Have to see fundamental with supply/demand, the PA will bring us wherever it wants. Not just pointing a number and it will get there, yes maybe in a period of time matters only.

If aud's earlier news was not negative, don't think it will fall right? So have to trigger fundamentally and enter technically if given the chance.

Closed another partial on 67.

I am wary of 1.0450 zone, it kept bounced up from there, asia we might get to test the support of it's daily low.

I am also looking for better low to buy. Don't want to forget its wednesday :X
  • #5,903
  • Aug 14, 2012 8:19pm Aug 14, 2012 8:19pm
Quoting DaddyBear
The consolidation since Aug. 9 probably is still underway. There will be no dead bear bounce only bear meat BBQ. The charcoal imported from Australia is ready to go.
BTW, although a bear, I am a friend of bulls and will be spared from the BBQ.
daddybearforex. com
  • #5,904
  • Aug 14, 2012 8:20pm Aug 14, 2012 8:20pm
Quoting DaddyBear
The consolidation since Aug. 9 probably is still underway. There will be no dead bear bounce only bear meat BBQ. The charcoal imported from Australia is ready to go.

ahahahahahahaha you Da Man Big Daddy
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #5,905
  • Aug 14, 2012 8:31pm Aug 14, 2012 8:31pm
ok, 1.0465 seems more likely to be our asia's support unless some shits comes in or price really want to test 1.0436/50 .
  • #5,906
  • Aug 14, 2012 8:31pm Aug 14, 2012 8:31pm
Quoting DaddyBear
BTW, although a bear, I am a friend of bulls and will be spared from the BBQ.

Couldnt agree more
Attached Image
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #5,907
  • Aug 14, 2012 8:32pm Aug 14, 2012 8:32pm
USDX at resistance 82.55/60, DOW and S&P closed with a Doji (daily),

who is gonna let go !!
  • #5,908
  • Edited 9:19pm Aug 14, 2012 8:41pm | Edited 9:19pm
I was told that the Forex market trading is a game of probability. When looking at H4 chart and take TLs as boundaries, the upper side has more potential than the downside. It may keep dropping to 1.043xx or may not. I am eying a bigger picture.
Attached Image (click to enlarge)
Click to Enlarge Name: PROBABILITY-II.JPG Size: 72 KB
daddybearforex. com
  • #5,909
  • Aug 14, 2012 8:46pm Aug 14, 2012 8:46pm
Quoting mubinirl
Anybody else sees 1.036 as next long term support & then 1.024 as the next murray math daily supports ?
I do see it, like you do. But getting there will not be a straight drop. It may take few weeks.

I also see 1.0090 by Sept end, IMHO.
  • #5,910
  • Aug 14, 2012 8:51pm Aug 14, 2012 8:51pm
Quoting DaddyBear
I was told that the Forex market trading is a game of probability. When looking at H4 chart and take TLs as boundaries, the upper side has more potential than the downside. It may keep dropping to 1.043xx, but I am eyeing a bigger picture.
what i'm seeing in h4 is a h&s with head being finished at 1.043x and then right shoulder 1.0540.
is anybody else seeing this?
Wooooohooooo or Boooooohooooo
  • #5,911
  • Aug 14, 2012 8:54pm Aug 14, 2012 8:54pm
The day chart is on clear uptrend, but it shows good sign for bears at the moment, as its pointing down to lower channel & also a clear breach of 10MA,
however the LTF may test 1.0500 or it may reverse even before that....

Decided to ride south for now......

Regards,
FX-Pro
Attached Image
  • #5,912
  • Aug 14, 2012 9:01pm Aug 14, 2012 9:01pm
a break of daily s1 1.04615 should take us to 1.0440
Wooooohooooo or Boooooohooooo
  • #5,913
  • Aug 14, 2012 9:17pm Aug 14, 2012 9:17pm
Should keep this support in mind as well....
Attached Image
  • #5,914
  • Aug 14, 2012 9:18pm Aug 14, 2012 9:18pm
2nd time it visited 1.0465-66 area, i make 1 long entry here 1.0468 stop is 1.0445. target is back to 1.0550/1.06/1.07

trail remaining short to 1.0525.

my reasoning? it's safe to long here for my technical pov, daily, 4hour and 1hour says oversold on stochastic, good low value to long already. Lack of selling power, i am expecting this to bounce to 1.05 and i will be the trade.

i would enter maybe slightly early then some ppl, but it's low risk for me.
  • #5,915
  • Aug 14, 2012 9:20pm Aug 14, 2012 9:20pm
Quoting 5percent
2nd time it visited 1.0465-66 area, i make 1 long entry here 1.0468 stop is 1.0445. target is back to 1.0550/1.06/1.07

trail remaining short to 1.0525.
my suggestion is to put sl below support area not above...just in case it bounces off the support
Wooooohooooo or Boooooohooooo
  • #5,916
  • Aug 14, 2012 9:21pm Aug 14, 2012 9:21pm
Quoting gnomoneey
what i'm seeing in h4 is a h&s with head being finished at 1.043x and then right shoulder 1.0540.
is anybody else seeing this?
Can you post a chart with the h&S. I cannot see it.
daddybearforex. com
  • #5,917
  • Aug 14, 2012 9:22pm Aug 14, 2012 9:22pm
Quoting gnomoneey
my suggestion is to put sl below support area not above...just in case it bounces off the support
Get your point, 1.0425 will be better, but i rather died off faster , then to drag along with it. If it crosses 1.0436/50 i really don't know what this bear can DO! lol.

So i am speculating on a low risk 20 pips is nothing . for a 1:5 RR ++.

if the bear is full unleashed, my next buy is at 1.0370 area, based on TL hour 4.
  • #5,918
  • Aug 14, 2012 9:23pm Aug 14, 2012 9:23pm
Quoting DaddyBear
Can you post a chart with the h&S. I cannot see it.
sorry DB i'm on my iphone app can't post a chart...when i can i will do it
Wooooohooooo or Boooooohooooo
  • #5,919
  • Aug 14, 2012 9:29pm Aug 14, 2012 9:29pm
Quoting gnomoneey
what i'm seeing in h4 is a h&s with head being finished at 1.043x and then right shoulder 1.0540.
is anybody else seeing this?
Your h&s may look like a turtle head. I have never seen a head lower than either shoulder unless they are on a sloped neck line.
daddybearforex. com
  • #5,920
  • Aug 14, 2012 9:29pm Aug 14, 2012 9:29pm
Quoting DaddyBear
Can you post a chart with the h&S. I cannot see it.
what about looking at daily chart
neckline 1.0166
left shoulder 1.0437
left head formed top at 1.0613
right head now forming

if this occurs only time will tell
Wooooohooooo or Boooooohooooo
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