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Aussie Trading Room and Cartoons Gallery

  • #6,361
  • Aug 16, 2012 7:31pm Aug 16, 2012 7:31pm
AU Turning up on the Daily TF bouncing off the 6/8 Murray Math...
ADX DownTrend Strength coming to an end as well..
Attached Image (click to enlarge)
Click to Enlarge Name: AUD_USD_Daily.jpg Size: 121 KB
Be the change that you want to change
  • #6,362
  • Aug 16, 2012 7:37pm Aug 16, 2012 7:37pm
Quoting pauladkinsau
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.
Yes that looks correct, I also like the Fib Fan it works well for following moves and when levels combine with the normal Fib they can work well.

If you left click your mouse and go into objects you can then pick the fib tool and then edit, from there you can add levels (make sure they are 0. something) on the left and on the right the description can be 23.6, then that will appear on your chart. I am assuming you are using MT4.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd 17 08 fib fan.jpg Size: 177 KB
Some people say I'm lucky, but the more I practice the luckier I get
  • #6,363
  • Aug 16, 2012 7:41pm Aug 16, 2012 7:41pm
Quoting GnarlyPips
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.
Not so soon.
daddybearforex. com
  • #6,364
  • Aug 16, 2012 7:48pm Aug 16, 2012 7:48pm
Quoting mubinirl
AU Turning up on the Daily TF bouncing off the 6/8 Murray Math...
ADX DownTrend Strength coming to an end as well..
The Bull got a kiss from the Angel ........
Attached Image
daddybearforex. com
  • #6,365
  • Aug 16, 2012 7:50pm Aug 16, 2012 7:50pm
Quoting DaddyBear
Not so soon.

It could happen sometime next week. I'm usually wrong as to when things will happen. Either way, I got my scalp in from 1.0525, so I'm happy.
Play the players, not the cards.
  • #6,366
  • Aug 16, 2012 7:56pm Aug 16, 2012 7:56pm
Quoting DaddyBear
The Bull got a kiss from the Angel ........

raise the dead comrades
Attached Image (click to enlarge)
Click to Enlarge Name: aud_usd_positiontrade14.jpg Size: 114 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #6,367
  • Aug 16, 2012 7:59pm Aug 16, 2012 7:59pm
Quoting GnarlyPips
It could happen sometime next week. I'm usually wrong as to when things will happen. Either way, I got my scalp in from 1.0525, so I'm happy.
Were you long?

Nobody is wrong in the Forex market according to DB's Law #1. You were right too soon. No big deal.

http://www.forexfactory.com/attachme...1&d=1343646060
daddybearforex. com
  • #6,368
  • Aug 16, 2012 8:01pm Aug 16, 2012 8:01pm
Quoting djambazov84
raise the dead comrades
Seems to me, you belong to the group No.4.

http://www.forexfactory.com/attachme...1&d=1343646060
daddybearforex. com
  • #6,369
  • Aug 16, 2012 8:03pm Aug 16, 2012 8:03pm
I was short.
Play the players, not the cards.
  • #6,370
  • Aug 16, 2012 8:10pm Aug 16, 2012 8:10pm
Very weird levels to pick for the fib. Why not the top and bottom?
Attached Image (click to enlarge)
Click to Enlarge Name: yufibweird.png Size: 36 KB
Play the players, not the cards.
  • #6,371
  • Aug 16, 2012 8:13pm Aug 16, 2012 8:13pm
Quoting GnarlyPips
Very weird levels to pick for the fib. Why not the top and bottom?
because its a wave within a wave
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #6,372
  • Aug 16, 2012 8:14pm Aug 16, 2012 8:14pm
Quoting DaddyBear
Seems to me, you belong to the group No.4.

http://www.forexfactory.com/attachme...1&d=1343646060

would love to craw back to no.3 some day
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #6,373
  • Aug 16, 2012 8:17pm Aug 16, 2012 8:17pm
Quoting djambazov84
would love to craw back to no.3 some day
You will belong to no. 3 soon.
daddybearforex. com
  • #6,374
  • Aug 16, 2012 8:18pm Aug 16, 2012 8:18pm
Quoting GnarlyPips
Very weird levels to pick for the fib. Why not the top and bottom?
I'd say, because current PA has nothing to do with previous DT.
daddybearforex. com
  • #6,375
  • Aug 16, 2012 8:21pm Aug 16, 2012 8:21pm
Quoting GnarlyPips
Very weird levels to pick for the f Why not the top and bottom?
miss target of this up move by 12 pips...next target now 1.0453 then 1.0440
if the bear angel still intact 1.0209 to complete right side of head.
then right shoulder at 1.0439 then to complete right shoulder 1.0209 again

let's see if i'm right and only time will tell...
Wooooohooooo or Boooooohooooo
  • #6,376
  • Aug 16, 2012 8:26pm Aug 16, 2012 8:26pm
Quoting DaddyBear
I'd say, because current PA has nothing to do with previous DT.

Huh? I don't know what DT means?
Play the players, not the cards.
  • #6,377
  • Aug 16, 2012 8:27pm Aug 16, 2012 8:27pm
Quoting GnarlyPips
Huh? I don't know what DT means?
downtrend
Wooooohooooo or Boooooohooooo
  • #6,378
  • Aug 16, 2012 8:28pm Aug 16, 2012 8:28pm
Quoting gnomoneey
downtrend

What previous DT? Hasn't price been on a downtrend since the 8th/9th? Correct me if I'm wrong...
Play the players, not the cards.
  • #6,379
  • Aug 16, 2012 8:29pm Aug 16, 2012 8:29pm
Quoting Daytrader74
.
He needs a new office
Attached Image (click to enlarge)
Click to Enlarge Name: Newoffice.jpg Size: 38 KB
  • #6,380
  • Aug 16, 2012 8:32pm Aug 16, 2012 8:32pm
Quoting GnarlyPips
What previous DT? Hasn't price been on a downtrend since the 8th/9th? Correct me if I'm wrong...
yes you are right.....
but i don't really understand DB when he talks in riddles...sorry DB me a little slow with your drawings and writings...but do appreciate this thread alot...keep up the good work sir
Wooooohooooo or Boooooohooooo
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