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  • #7,801
  • Aug 24, 2012 11:05am Aug 24, 2012 11:05am
We are just witnessed a 20 some pips drop. It looks like a big deal on M5 chart but is like a small dot on H4. Looking at a bigger picture gives a better and clear idea of the Aussie's moves. IMHO
daddybearforex. com
  • #7,802
  • Aug 24, 2012 11:31am Aug 24, 2012 11:31am
Quoting DaddyBear
We are just witnessed a 20 some pips drop. It looks like a big deal on M5 chart but is like a small dot on H4. Looking at a bigger picture gives a better and clear idea of the Aussie's moves. IMHO
20 pips rise u mean?
My Currency is Urgency
  • #7,803
  • Aug 24, 2012 11:38am Aug 24, 2012 11:38am
http://www.theage.com.au/business/rba-says-boom-still-blooming-20120824-24s1q.html



Falling iron ore prices the key AUD metric
By Adam Button || August 24, 2012 at 16:20 GMT

Australian iron ore prices fell nearly 5% to below $100 for the first time since 2009.

RBA Governor Stevens noted that the investment pipeline is still strong for the “a year or two” but with prices nearly halved in the past 18 months the momentum is sure to follow.


AUD will be driven by the whims of risk sentiment over the next month but the underlying trend will be driven by commodity prices. One analyst is worried:

Glyn Lawcock of UBS said he expected further falls. ”Now that it has broken through $US100 a tonne, traders I speak to think the price could get a 7 in front of it,” he said.
  • #7,804
  • Aug 24, 2012 11:41am Aug 24, 2012 11:41am
Quoting Forexmint
20 pips rise u mean?
No. I was mentioning the way I looked at the market. Thinking big and gaining big. Although bigger TFs may miss the tops and bottoms, they do provide insurance. I would treat those missing pips as the premium paid to the insurance company.
daddybearforex. com
  • #7,805
  • Aug 24, 2012 11:43am Aug 24, 2012 11:43am
Quoting DaddyBear
Welcome ishykiel! Are you still trading now in Singapore?
Hi DB, yes, I am still trading here in Singapore.
  • #7,806
  • Aug 24, 2012 11:59am Aug 24, 2012 11:59am
Quoting ishykiel
Hi DB, yes, I am still trading here in Singapore.
You must make tons of pips. BTW, you've got a nice avatar.
daddybearforex. com
  • #7,807
  • Aug 24, 2012 12:07pm Aug 24, 2012 12:07pm
Quoting ishykiel
Hi DB, yes, I am still trading here in Singapore.
apa kabar Singapore?
  • #7,808
  • Aug 24, 2012 12:14pm Aug 24, 2012 12:14pm
I have some technical reasons to make me kinda think it's the beginning of the end for the bulls now.

The 1.0650 and 1.0716 I had in my weekly targets have slowly faded now, or at least we're not going to visit them very soon.
  • #7,809
  • Aug 24, 2012 12:20pm Aug 24, 2012 12:20pm
Quoting irfandbl
I have some technical reasons to make me kinda think it's the beginning of the end for the bulls now.

The 1.0650 and 1.0716 I had in my weekly targets have slowly faded now, or at least we're not going to visit them very soon.
How many balls do you have now? -Papa
daddybearforex. com
  • #7,810
  • Aug 24, 2012 12:21pm Aug 24, 2012 12:21pm
Quoting DaddyBear
How many balls do you have now? -Papa
May I see them again? I just got my license.
daddybearforex. com
  • #7,811
  • Aug 24, 2012 12:29pm Aug 24, 2012 12:29pm
Quoting DaddyBear
How many balls do you have now? -Papa

Berapa banyak bola yang Anda miliki sekarang?
Attached Image (click to enlarge)
Click to Enlarge Name: w1.gif Size: 18 KB


In my technical view, the weekly stochastic that's been giving me 1.0650 has crossed down the level 70, so it's an indication that the pair won't be seeing the 100% target very soon or maybe not ever. And also look at the shape of this week's candlestick. But who knows, I am often wrong.

p.s. unless we close above 1.0500 this week
  • #7,812
  • Aug 24, 2012 12:39pm Aug 24, 2012 12:39pm
Quoting irfandbl
Attachment

In my technical view, the weekly stochastic that's been giving me 1.0650 has crossed down the level 70, so it's an indication that the pair won't be seeing the 100% target very soon or maybe not ever. And also look at the shape of this week's candlestick. But who knows, I am often wrong.

p.s. unless we close above 1.0500 this week
You may be right. However, let's look at the stochastic patterns (> 70) of previous two peaks circled by red color. The current one is not their brother in my opinion.
daddybearforex. com
  • #7,813
  • Aug 24, 2012 12:45pm Aug 24, 2012 12:45pm
Quoting DaddyBear
You may be right. However, let's look at the stochastic patterns (> 70) of previous two peaks circled by red color. The current one is not their brother in my opinion.
Furthermore, my advanced platform indicates the third one has not touched the UTL yet.
daddybearforex. com
  • #7,814
  • Aug 24, 2012 12:55pm Aug 24, 2012 12:55pm
Quoting DaddyBear
You may be right. However, let's look at the stochastic patterns (> 70) of previous two peaks circled by red color. The current one is not their brother in my opinion.
I'm not too sure either whether or not the current one is their brother or even their neighbor.

But in some case, even after the stochastic line crosses down the level 70, it gives a spike or shall we call it the end of party firework. Maybe the firework would shoot us up there

Anyway, this weeks candlestick hasn't closed yet. There is still a chance that the stochastic line would rise above 70 voiding the cross, we'll see in 3 more hours
  • #7,815
  • Aug 24, 2012 12:56pm Aug 24, 2012 12:56pm
Quoting DaddyBear
Furthermore, my advanced platform indicates the third one has not touched the UTL yet.
This is probably the case now .........

Attention: DaddyBear's cartoons are not indicators, please do not apply them to your charts because they won't fit anyway.


http://www.forexfactory.com/attachme...1&d=1345772623
daddybearforex. com
  • #7,816
  • Aug 24, 2012 12:58pm Aug 24, 2012 12:58pm
Quoting DaddyBear
Furthermore, my advanced platform indicates the third one has not touched the UTL yet.
wouldn't you think that TLs are subjective? I sometimes do, but I draw it on some of my charts eventually, isn't it ironic?
  • #7,817
  • Aug 24, 2012 12:58pm Aug 24, 2012 12:58pm
Quoting irfandbl
I'm not too sure either whether or not the current one is their brother or even their neighbor.

But in some case, even after the stochastic line crosses down the level 70, it gives a spike or shall we call it the end of party firework. Maybe the firework would shoot us up there

Anyway, this weeks candlestick hasn't closed yet. There is still a chance that the stochastic line would rise above 70 voiding the cross, we'll see in 3 more hours
Regarding the weekly candle, it looks benign so far in my opinion.
daddybearforex. com
  • #7,818
  • Aug 24, 2012 12:59pm Aug 24, 2012 12:59pm
Quoting irfandbl
wouldn't you think that TLs are subjective? I sometimes do, but I draw it on some of my charts eventually, isn't it ironic?
Yes, it does but some TLs are drawn by the platform.
daddybearforex. com
  • #7,819
  • Aug 24, 2012 1:01pm Aug 24, 2012 1:01pm
Quoting DaddyBear
Yes, it does but some TLs are drawn by the platform.
Usually the TLs of larger TFs are respected by the Aussie. IMHO
daddybearforex. com
  • #7,820
  • Aug 24, 2012 1:03pm Aug 24, 2012 1:03pm
Quoting DaddyBear
Usually the TLs of larger TFs are respected by the Aussie. IMHO
The small TF's TLs are like employees' decisions but the larger ones are the bosses' orders.
daddybearforex. com
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