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Aussie Trading Room and Cartoons Gallery

  • #7,861
  • Aug 25, 2012 12:47pm Aug 25, 2012 12:47pm
Quoting DaddyBear
Whether or not the Aussie has peaked is remained to be seen at this point. When the small TFs cannot offer clear views, I have to turn to the weekly and monthly charts. This coming week will reveal the answer. Sunday night open is going to give some clues.

In fact. the UTL has not been reached by the Aussie. In my opinion, there is a mandate for the Aussie to be there before heading south.
In your own words:
http://www.forexfactory.com/showthread.php?p=5958169#post5958169
  • #7,862
  • Aug 25, 2012 2:28pm Aug 25, 2012 2:28pm
Quoting Daytrader74
How does a buy sell stop work??
hey Daytrader74, have you seen this?

I know this is not a gold thread DB.


http://www.youtube.com/watch?v=XC-XZJK0qD0&feature=plcp
  • #7,863
  • Aug 25, 2012 3:35pm Aug 25, 2012 3:35pm
Quoting 4xxxxaus
hey Daytrader74, have you seen this?

I know this is not a gold thread DB.


http://www.youtube.com/watch?v=XC-XZJK0qD0&feature=plcp
This is O.K. with me. At least some people believe their is a relation between the Aussie and Gold.
daddybearforex. com
  • #7,864
  • Aug 25, 2012 3:49pm Aug 25, 2012 3:49pm
Quoting doblece
In your own words:
http://www.forexfactory.com/showthread.php?p=5958169#post5958169
Dobbie, . . . . . . . .
Attached Image
daddybearforex. com
  • #7,865
  • Aug 25, 2012 3:55pm Aug 25, 2012 3:55pm
Quoting DaddyBear
Dobbie, . . . . . . . .
DB said:

Quote
After looking at daily chart for a few hours, I realized I have been preoccupied by a misconcept that the trend line channel must be straight.

Must the trend line channel be straight? My answer is yes and no. The previous DT was not a straight line. Why should this UT be straight?

So ... why should there be a "mandate"?
  • #7,866
  • Aug 25, 2012 4:22pm Aug 25, 2012 4:22pm
Quoting DaddyBear
Dobbie, . . . . . . . .
My monthly chart is still indicating an upward red color Bullish Index . . . .
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-0812.JPG Size: 50 KB
daddybearforex. com
  • #7,867
  • Aug 25, 2012 4:26pm Aug 25, 2012 4:26pm
Quoting doblece
DB said:



So ... why should there be a "mandate"?
I guess I used an unclear word "mandate". What I meant was that UTL will be tested by the Aussie.
daddybearforex. com
  • #7,868
  • Aug 25, 2012 4:40pm Aug 25, 2012 4:40pm
Quoting 4xxxxaus
hey Daytrader74, have you seen this?

I know this is not a gold thread DB.


http://www.youtube.com/watch?v=XC-XZJK0qD0&feature=plcp

FUDGE I went short @1670.02 !!
  • #7,869
  • Aug 25, 2012 5:07pm Aug 25, 2012 5:07pm
Quoting DaddyBear
Whether or not the Aussie has peaked is remained to be seen at this point. When the small TFs cannot offer clear views, I have to turn to the weekly and monthly charts. This coming week will reveal the answer. Sunday night open is going to give some clues.

In fact. the UTL has not been reached by the Aussie. In my opinion, there is a mandate for the Aussie to be there before heading south.
It could meet the UTL via a side way move or even go lower then move up and meet it from a lower level.

I do not see it above 1.06 again unless we get some really bad data out of the US which would make traders feel QE3 is coming soon. Also to see QE3 before the election is very doubtful.

The RBA are also now publicly making noises that the Aussie is too strong for the economy and I believe they are hoping commodity prices will start to weaken it, but if this does not happen they will have to lower interest rates.
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,870
  • Aug 25, 2012 5:26pm Aug 25, 2012 5:26pm
Quoting Robot Trader
It could meet the UTL via a side way move or even go lower then move up and meet it from a lower level.

I do not see it above 1.06 again unless we get some really bad data out of the US which would make traders feel QE3 is coming soon. Also to see QE3 before the election is very doubtful.

The RBA are also now publicly making noises that the Aussie is too strong for the economy and I believe they are hoping commodity prices will start to weaken it, but if this does not happen they will have to lower interest rates.
I believe your are right from your perspective. However, in my mind, there is something we don't know beyond our knowledge. A 200 pips bull run can happen at any time and complete in a very short period without any rational basis.

I don't analyze the market with rational approaches any more. The more rational I was, the more money I lost. IMHO
daddybearforex. com
  • #7,871
  • Aug 25, 2012 5:42pm Aug 25, 2012 5:42pm
Quoting DaddyBear
I believe your are right from your perspective. However, in my mind, there is something we don't know beyond our knowledge. A 200 pips bull run can happen at any time and complete in a very short period without any rational basis.

I don't analyze the market with rational approaches any more. The more rational I was, the more money I lost. IMHO
BTW RT, have you ever seen the last moment of a candle light right before it's gone?
http://www.forexfactory.com/attachme...1&d=1340794313
daddybearforex. com
  • #7,872
  • Aug 25, 2012 6:01pm Aug 25, 2012 6:01pm
Quoting DaddyBear
BTW RT, have you ever seen the last moment of a candle light right before it's gone?
http://www.forexfactory.com/attachme...1&d=1340794313
I have....I use candles all the time because they keep cutting off my power supply as I'm always way behind in my payments due to blowing all my money on Forex
  • #7,873
  • Aug 25, 2012 6:06pm Aug 25, 2012 6:06pm
Quoting Daytrader74
I have....I use candles all the time because they keep cutting off my power supply as I'm always way behind in my payments due to blowing all my money on Forex
DT, a lot of people including you and me are neither bears nor bulls. We are more like leopards.
daddybearforex. com
  • #7,874
  • Aug 25, 2012 6:09pm Aug 25, 2012 6:09pm
Quoting Daytrader74
I have....I use candles all the time because they keep cutting off my power supply as I'm always way behind in my payments due to blowing all my money on Forex
But, do you use candles' power to turn on your computer to trade the Forex market?
daddybearforex. com
  • #7,875
  • Aug 25, 2012 6:12pm Aug 25, 2012 6:12pm
Quoting DaddyBear
But, do you use candles' power to turn on your computer to trade the Forex market?
No I use an INTERNET cafe $2 per half hour, also sometimes I use my laptop....I take it down to my grocery store and ask them to plug it in to charge up then I take it home and trade on it while I have the candles on
  • #7,876
  • Aug 25, 2012 7:22pm Aug 25, 2012 7:22pm
Quoting DaddyBear
BTW RT, have you ever seen the last moment of a candle light right before it's gone?
http://www.forexfactory.com/attachme...1&d=1340794313
Interesting point Papa Bear. Could say the same thing about a new candle - flickers and smoulders at first, then flares as the fire from the match takes hold, then settles down. Perhaps first candle tomorrow morning will do the same.
  • #7,877
  • Aug 25, 2012 9:00pm Aug 25, 2012 9:00pm
Quoting DaddyBear
BTW RT, have you ever seen the last moment of a candle light right before it's gone?
http://www.forexfactory.com/attachme...1&d=1340794313
Yes a lot of traders pay attention to the wick of a candle just before a new one starts. I like to look at lots of candles not just the last one, but for any move we must have lots of volume, nice big bodied candles.
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,878
  • Aug 25, 2012 10:19pm Aug 25, 2012 10:19pm
Quoting Robot Trader
Yes a lot of traders pay attention to the wick of a candle just before a new one starts. I like to look at lots of candles not just the last one, but for any move we must have lots of volume, nice big bodied candles.
I guess you did not get my point. I was not talking about the candlestick charts. The final moment of a candle light is very bright even it is only a few seconds. The finale is always accompanied with a big firework. The stubborn bulls would not leave the stage quietly.

I think last downtrend wave ended on Aug. 17. A new wave started after that time. This may sound ridiculous to many people who believe a downtrend is still underway. But, that is what I see.

I was one of a few saw the trend change on June 1.

6/1/12
Quoting DaddyBear
A morning star has formed on daily chart. Bulls will have upper hand next week.
6/2/12
Quoting DaddyBear
When a morning star has such a long and out of proportion shadow and also sits on a downward tend line, can you look into next candle with some imagination?
Besides, the slope of last downtrend wave was too shallow to be an onset of a major trend. Before the Bull leaves, he will swing his tail high enough to kill more bears. -IMHO-
daddybearforex. com
  • #7,879
  • Aug 25, 2012 10:42pm Aug 25, 2012 10:42pm
Quoting DaddyBear

Besides, the slope of last downtrend wave was too shallow to be an onset of a major trend. Before the Bull leaves, he will swing his tail high enough to kill more bears. -IMHO-
This is what happens when the raging Bull swings his tail . . . . .
Attached Image (click to enlarge)
Click to Enlarge Name: TAIL SWING.JPG Size: 56 KB
daddybearforex. com
  • #7,880
  • Aug 25, 2012 11:02pm Aug 25, 2012 11:02pm
Quoting Robot Trader
It could meet the UTL via a side way move or even go lower then move up and meet it from a lower level.
I was not mentioning these two scenarios. A side way move then hit the UTL probably is not going to happen. Going lower would happen only if the downtrend is indeed still underway, but I doubt this is the case. IMHO
daddybearforex. com
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