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Aussie Trading Room and Cartoons Gallery

  • #6,341
  • Aug 16, 2012 3:21pm Aug 16, 2012 3:21pm
Hello

I started this pair, 2 weeks ago.
Keeping thinking it has not reached the lower levels yet
I am the master off being on the wrong side off these waves an dips

I am trading small amounts,until things fall into place.

I will do a small long,just in case it keeps climbing
  • #6,342
  • Aug 16, 2012 3:25pm Aug 16, 2012 3:25pm
Quoting eliteincome
Hello

I started this pair, 2 weeks ago.
Keeping thinking it has not reached the lower levels yet
I am the master off being on the wrong side off these waves an dips

I am trading small amounts,until things fall into place.

I will do a small long,just in case it keeps climbing
You just started trading this pair? Good luck, you'll need it.
  • #6,343
  • Aug 16, 2012 3:39pm Aug 16, 2012 3:39pm
Quoting DaddyBear
I see. Seems to me, the right hand wants to grab something ......
Do you think the move would have been a little stronger the past 2 days if it was on the way to 1.07... Can't decide if this is just a small retracement
  • #6,344
  • Aug 16, 2012 3:49pm Aug 16, 2012 3:49pm
Quoting flipnfaith
Do you think the move would have been a little stronger the past 2 days if it was on the way to 1.07... Can't decide if this is just a small retracement
I have never looked at the what if scenario in the Forex market. This cartoon is my opinion FYI.

http://www.forexfactory.com/attachme...1&d=1345140987
daddybearforex. com
  • #6,345
  • Aug 16, 2012 3:56pm Aug 16, 2012 3:56pm
Quoting DaddyBear
I have never looked at the what if scenario in the Forex market. This cartoon is my opinion FYI.

http://www.forexfactory.com/attachme...1&d=1345140987
December 21, 2012 ???
  • #6,346
  • Aug 16, 2012 3:59pm Aug 16, 2012 3:59pm
Quoting lolygagv2
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...
my trades are probably more long term than yours, been short since 1.06, unloaded some, trying to decide to hold the short, load some longs, load up some more shorts... If 1.0525 holds on this retrace, but the end of next week we will be in the 1.02-1.03 range (see the daily chart)... if not we'll go back up..
  • #6,347
  • Aug 16, 2012 3:59pm Aug 16, 2012 3:59pm
http://www.youtube.com/watch?v=_eyFiClAzq8
  • #6,348
  • Aug 16, 2012 4:11pm Aug 16, 2012 4:11pm
Quoting 2+2=4ex
December 21, 2012 ???
Oh no. It is our Aussie.
daddybearforex. com
  • #6,349
  • Aug 16, 2012 4:21pm Aug 16, 2012 4:21pm
Did anyone else see those spreads after NY close? Prices moved but there wasn't any room to scalp because of the spread. Most reminiscent of the beginning of stop hunts in years past. Either that or it was a solar flare (smirk).

Happy Trades,
fxstir
  • #6,350
  • Aug 16, 2012 4:23pm Aug 16, 2012 4:23pm
Quoting DaddyBear
Oh no. It is our Aussie.
http://theawesome80s.net/wp-content/...ugtv0vki9v.jpg
  • #6,351
  • Aug 16, 2012 4:23pm Aug 16, 2012 4:23pm
Quoting flipnfaith
my trades are probably more long term than yours, been short since 1.06, unloaded some, trying to decide to hold the short, load some longs, load up some more shorts... If 1.0525 holds on this retrace, but the end of next week we will be in the 1.02-1.03 range (see the daily chart)... if not we'll go back up..

I'm not trading this actually.....i'm merely looking at the daily chart and remarking that I do no see ANY relevant H&S pattern yet, if something is starting to develop, and if it aligns with potential developing fundamentals that are incubating, for example if you saw an inverse H&S and about the time the graphs would tell it to break out high, it happens to correspond to the same Time slot that Bernanke has a meeting to announce QE3, then maybe that's a great play.

On any time frame though, there's nothing yet....even if this second shoulder develops, it's still not a very good one. This is like what happend to the euro back in april.......it developed a second shoulder......and then a second second shoulder LOL. Then finally 2 weeks later, it fell and kept going.

PS, I'd post a graph, cite my observations of the euro H&S long before it happened, and then how it actually played out and how incredibly long/awkward of an H&S it was......but I'm lazy
  • #6,352
  • Aug 16, 2012 4:24pm Aug 16, 2012 4:24pm
Quoting fxstir
Did anyone else see those spreads after NY close? Prices moved but there wasn't any room to scalp because of the spread. Most reminiscent of the beginning of stop hunts in years past. Either that or it was a solar flare (smirk).

Happy Trades,
fxstir
Which broker you got?
  • #6,353
  • Aug 16, 2012 4:39pm Aug 16, 2012 4:39pm
Quoting 2+2=4ex
Which broker you got?
fxcm and oanda.
  • #6,354
  • Aug 16, 2012 5:21pm Aug 16, 2012 5:21pm
FUDGE Just fired up my laptop while taking my morning dump and saw my shorts are under water....damn you stubborn aussie dollar!! now my fudge is like water
  • #6,355
  • Aug 16, 2012 5:24pm Aug 16, 2012 5:24pm
After several failed attempts to reach the top of the wall, the Bull got very upset ..........
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daddybearforex. com
  • #6,356
  • Aug 16, 2012 6:51pm Aug 16, 2012 6:51pm
.
Attached Image
  • #6,357
  • Aug 16, 2012 6:56pm Aug 16, 2012 6:56pm
Quoting DaddyBear
After several failed attempts to reach the top of the wall, the Bull got very upset ..........
If I were a bear, I wouldn't take any bullcrap....

Pullback from 1.0525 completed and we're headed towards, 1.0575. Maybe this is where the bear will have had enough bullcrap.

Does USDJPY have correlation right now? Seems like it.
Play the players, not the cards.
  • #6,358
  • Aug 16, 2012 6:58pm Aug 16, 2012 6:58pm
We have regular PNP divergence forming on the H1 MACD histogram, there will be a short coming soon
Some people say I'm lucky, but the more I practice the luckier I get
  • #6,359
  • Aug 16, 2012 7:05pm Aug 16, 2012 7:05pm
Quoting Daytrader74
.
Did you get run over by the bulls?
Attached Image
  • #6,360
  • Aug 16, 2012 7:10pm Aug 16, 2012 7:10pm
Quoting Robot Trader
We have regular PNP divergence forming on the H1 MACD histogram, there will be a short coming soon
I took up your observation, looked at the H1 chart. Put a fib pattern on and got this. Suggests to me that we are heading south again. Your thoughts?

Added - that's the 38.2 line just touched. Don't know how to add the fib values on the chart.
Attached Image (click to enlarge)
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