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Aussie Trading Room and Cartoons Gallery

  • #6,321
  • Aug 16, 2012 10:58am Aug 16, 2012 10:58am
Quoting DaddyBear
Do you think it will be there today?
I have no idea Pap, maybe it would.
I expected it would reach there (1.0534) yesterday night (my night) and down to 1.0450 and possibly 1.0430 by today afternoon (again, my afternoon) to be honest, but eventually it didn't...
  • #6,322
  • Aug 16, 2012 10:59am Aug 16, 2012 10:59am
Quoting irfandbl
Yeap the night bird of the equator is still here Papa,
I will consider to short this pair, but not before it reaches 1.0534

Attachment
You got to learn something from the "nibble" man.
daddybearforex. com
  • #6,323
  • Aug 16, 2012 11:02am Aug 16, 2012 11:02am
Quoting fixed4fun
A "nibble" is a small bite. Like if you plan to buy a whole lot at 534, why not buy a half or a quarter at 518 where we keep bumping. Maybe you just want a few pips; but if you plan to try to go down around 455 again, better to get a small piece (a nibble) rather than none at all.
the thing with a nibble on my side is my country doesn't allow for a transaction to be smaller than one whole lot (leverage 1:100, $10 a pip). I'd love to take a nibble, but I simply can't, not with this local broker account at least..
  • #6,324
  • Aug 16, 2012 11:04am Aug 16, 2012 11:04am
Quoting DaddyBear
You got to learn something from the "nibble" man.
I'd love to Papa, but I simply can't. Unless those two B's are changed into P's
  • #6,325
  • Aug 16, 2012 11:14am Aug 16, 2012 11:14am
Actually looks like 534 will probably come into play. So all this nibble talk is for naught.
  • #6,326
  • Aug 16, 2012 11:15am Aug 16, 2012 11:15am
OK, this Asian equator night bird is signing off..

goodnight Papa, fixed4fun and anyone else who is still staying tuned to this thread..see you tomorrow
  • #6,327
  • Aug 16, 2012 11:16am Aug 16, 2012 11:16am
The Bear proclaimed, "The end is near!" .........

Attention: DaddyBear's cartoons are not indicators, please do not apply them to your charts because they won't fit anyway.
Attached Image
daddybearforex. com
  • #6,328
  • Aug 16, 2012 11:18am Aug 16, 2012 11:18am
Quoting fixed4fun
Actually looks like 534 will probably come into play. So all this nibble talk is for naught.
I doubt that would happen but who knows.
daddybearforex. com
  • #6,329
  • Aug 16, 2012 11:35am Aug 16, 2012 11:35am
Quoting irfandbl
I'd love to Papa, but I simply can't. Unless those two B's are changed into P's
Why can't you get a foreign broker instead?
daddybearforex. com
  • #6,330
  • Aug 16, 2012 11:38am Aug 16, 2012 11:38am
Been looking forward for price getting back to 1.0525. Next level that I'm interested in is 1.0575.
Play the players, not the cards.
  • #6,331
  • Aug 16, 2012 11:47am Aug 16, 2012 11:47am
Quoting GnarlyPips
Been looking forward for price getting back to 1.0525. Next level that I'm interested in is 1.0575.
1.0535 is possible but 1.0575 may be far reaching today. Now, looks like 1.0535 is out of question as well.
daddybearforex. com
  • #6,332
  • Aug 16, 2012 12:16pm Aug 16, 2012 12:16pm
CNBC-

Melbourne, Australia remains the top city in terms of livability.
daddybearforex. com
  • #6,333
  • Aug 16, 2012 12:26pm Aug 16, 2012 12:26pm
AU - are we making the right shoulder on D1 for a head and shoulders pattern OR are we heading for higher ground. Guess we'll watch pa and see...
  • #6,334
  • Aug 16, 2012 12:30pm Aug 16, 2012 12:30pm
Hello everyone

Well did not expect it go back up so soon

Man shorts under water

Not sure now

Is it a small climb before it goes down again

Or is it new trend going back
  • #6,335
  • Aug 16, 2012 12:33pm Aug 16, 2012 12:33pm
Quoting flipnfaith
AU - are we making the right shoulder on D1 for a head and shoulders pattern OR are we heading for higher ground. Guess we'll watch pa and see...
Are you talking about reversed H/S?
daddybearforex. com
  • #6,336
  • Edited 12:53pm Aug 16, 2012 12:37pm | Edited 12:53pm
Quoting eliteincome
Hello everyone

Well did not expect it go back up so soon

Man shorts under water

Not sure now

Is it a small climb before it goes down again

Or is it new trend going back
Review all posts during the time your were sleeping.
daddybearforex. com
  • #6,337
  • Aug 16, 2012 12:52pm Aug 16, 2012 12:52pm
Both the Bull and the Bear gave advices to the Aussie traders at the same time and at the same location .....
Attached Image (click to enlarge)
Click to Enlarge Name: SWING-9.JPG Size: 66 KB
daddybearforex. com
  • #6,338
  • Aug 16, 2012 1:05pm Aug 16, 2012 1:05pm
Quoting DaddyBear
Are you talking about reversed H/S?
On the daily chart...regular H&s
  • #6,339
  • Aug 16, 2012 1:08pm Aug 16, 2012 1:08pm
Quoting flipnfaith
On the daily chart...regular H&s
I see. Seems to me, the right hand wants to grab something ......
daddybearforex. com
  • #6,340
  • Aug 16, 2012 1:17pm Aug 16, 2012 1:17pm
Quoting flipnfaith
On the daily chart...regular H&s

I think you guys need to review your charts, there's NO H&S of ANY pattern here. The only reason you'd ever want to trade on an extreme technical pattern like that is if you think it's probable.

For example, I had tracked a long term H&S pattern on Euro, it failed multiple times, and then FINALLY broke down from 1.35 to its current leve.


The aussie.......yeah we could see a break out by 500+ pips sure....but there's no clear indicator yet what's going to happen, it's just in a range right now. If you want to say reverse H&S I'l say, we never had a low enough dip for shoulders.....it's just one drop down. If you want to say regular, the pattern is not proper in space/time distance.
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