Aussie Trading Room and Cartoons Gallery | Page 395 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Cartoons and Pics 2,832 replies

EUR/USD Trading Room 328 replies

Do The Trading Room 20 replies

Attachments: Aussie Trading Room and Cartoons Gallery
Exit Attachments

Aussie Trading Room and Cartoons Gallery

  • #7,881
  • Aug 26, 2012 1:14am Aug 26, 2012 1:14am
Some fundi news - good bear food....

BHP Billiton chief Marius Kloppers expects ‘‘long-term’’ price declines for the miner's commodities as slower economic expansion in China weighs on demand.
‘‘We go through a pretty rigorous process to pick those long-term prices but if I have to generalise, they are, by and large, lower,’’ Mr Kloppers said


Read more: http://www.theage.com.au/business/mining-and-resources/commodity-prices-on-the-way-down-bhp-20120826-24u36.html#ixzz24d7g6mnF
  • #7,882
  • Edited 2:55am Aug 26, 2012 2:27am | Edited 2:55am
Quoting DaddyBear
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
DB,

There would be nothing that would give me more pleasure than longing the Aussie, I really hate shorting it because of the negative swaps.

But I do not feel confident at buying at this level (without any signal), if I could get into a long with stop moved to BE a.s.a.p. then I would do so.

I will post a long setup should I spot one and will watch out for other members posting theirs, but I just do not see anything at the moment.

So I wish us all a very good week ahead.
Some people say I'm lucky, but the more I practice the luckier I get
  • #7,883
  • Aug 26, 2012 6:08am Aug 26, 2012 6:08am
Quoting Daytrader74
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
  • #7,884
  • Aug 26, 2012 6:36am Aug 26, 2012 6:36am
Quoting irfandbl
Do you find it funny that I can not afford to pay my electricity bill??
  • #7,885
  • Aug 26, 2012 6:50am Aug 26, 2012 6:50am
Quoting Robot Trader
DB,

There would be nothing that would give me more pleasure than longing the Aussie, I really hate shorting it because of the negative swaps.

But I do not feel confident at buying at this level (without any signal), if I could get into a long with stop moved to BE a.s.a.p. then I would do so.

I will post a long setup should I spot one and will watch out for other members posting theirs, but I just do not see anything at the moment.

So I wish us all a very good week ahead.
RT,

I am not looking into an unlimited uptrend but the final moment of the candle light.

It took me a while to realize that the peak of the momentum is not equivalent to the top. A car running out of gas at a very high speed wouldn't stop right away. In fact, it might speed up a little bit at that very moment due to the effect of the completely empty gas tank.

Last weekly candle was a Doji with a very long shadow. I believe it has some invisible meaning. This is similar to the Doji of the week of Feb. 13. Both momentum patterns are very similar as well. IMHO
daddybearforex. com
  • #7,886
  • Edited 9:40am Aug 26, 2012 7:04am | Edited 9:40am
Quoting DaddyBear
RT,

I am not looking into an unlimited uptrend but the final moment of the candle light.

It took me a while to realize that the peak of the momentum is not equivalent to the top. A car running out of gas at a very high speed wouldn't stop right away. In fact, it might speed up a little bit at that very moment due to the effect of the completely empty gas tank.

Last weekly candle was a Doji with a very long shadow. I believe it has some invisible meaning. This is similar to the Doji of the week of Feb. 13. Both momentum patterns are very...
BTW, I am not urging anyone to follow my view and go long at this point. I just posted my vision that the Aussie bears may have overlooked.
daddybearforex. com
  • #7,887
  • Edited 9:41am Aug 26, 2012 7:22am | Edited 9:41am
Quoting DaddyBear
BTW, I am not urging anyone to follow my view and go long at this point. I just posted my vision that the Aussie bears may have overlooked.
Picking the top and the bottom are not easy tasks. Shorting at an assumed top is very dangerous.

As mentioned before, the bears are looking at the previous broken LTL. This is a controversial issue. Talking about the fundies, the BHP Billiton news won't have the same impact of Bernanke's speech.

http://seekingalpha.com/article/828281-weighing-the-week-ahead-expecting-too-much-from-jackson-hole

"Finally, there was a significant reversal on Friday when WSJ reporter Jon Hilsenrath released a letter (http://online.wsj.com/article/SB10000872396390444358404577609231770784446.html) from Bernanke to Congressman Darrell Issa (http://issa.house.gov/) (R, Cal.), responding to some questions he had posed by mail. The answers contained nothing new, but market participants seized upon the date of the letter! The idea is that this is the most recent information."
daddybearforex. com
  • #7,888
  • Aug 26, 2012 8:09am Aug 26, 2012 8:09am
Quoting Daytrader74
Do you find it funny that I can not afford to pay my electricity bill??
I was assuming you were joking around about the bills, candles and grocery store as you usually do. It's just doesn't make sense to me that one can't afford to pay the bills but eventually afford to fund the trading account over and over.
But if you're not joking, I would like to apologize for the laugh. Sorry mate
  • #7,889
  • Aug 26, 2012 8:12am Aug 26, 2012 8:12am
Quoting DaddyBear
BTW, I am not urging anyone to follow my view and go long at this point. I just posted my vision that the Aussie bears may overlooked.
I think I can see what you are pointing too right now. I was just playing around with TLs and one of them points to 1.0650. Am I correct?
  • #7,890
  • Aug 26, 2012 8:34am Aug 26, 2012 8:34am
Quoting irfandbl
I was assuming you were joking around about the bills, candles and grocery store as you usually do. It's just doesn't make sense to me that one can't afford to pay the bills but eventually afford to fund the trading account over and over.
But if you're not joking, I would like to apologize for the laugh. Sorry mate
I can not afford to pay it because I keep blowing my trading account
  • #7,891
  • Edited 10:13am Aug 26, 2012 9:58am | Edited 10:13am
Quoting irfandbl
I think I can see what you are pointing too right now. I was just playing around with TLs and one of them points to 1.0650. Am I correct?
TLs are subjective matters and sometimes misleading. The touchdown point is a dynamic issue to me. I'd prefer not to identify it now.

This is one of my favorite cartoons which was posted before when all Aussie bears were convinced a collapse of the Aussie is imminent on Sunday morning, July 15.

http://www.forexfactory.com/attachme...1&d=1342456421

Quote
Agreed, the weekly is clearly rolling over with that divergence and hidden bearish divergences on the daily and 1hr.
I think 1.0240 area would be a great entry with targets at 9560 and 92
Quoting DaddyBear
When looking at the Earth from the Moon. the Earth is a "semi-ball". Based on your conclusion, I believe Aussie is "clearly rolling over". May be you should look at the Earth from another angle. -IMHO-
daddybearforex. com
  • #7,892
  • Aug 26, 2012 10:01am Aug 26, 2012 10:01am
Quoting Daytrader74
I can not afford to pay it because I keep blowing my trading account
Trying not to short at assumed tops will save you some money. Shorting at the tops is a pro's job not a bear's homework.
daddybearforex. com
  • #7,893
  • Aug 26, 2012 10:40am Aug 26, 2012 10:40am
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.
Further discoveries of your assumptions:

The first assumption would be correct if it would happen in Jan. 2013, which is to be the earliest possible time.

The second assumption would be correct if it would meet it from a lower level at the end of Oct. 2012, which is to be the earliest possible time.

We have two months to verify the second assumption and four months for the first one. So, what will happen before then?
daddybearforex. com
  • #7,894
  • Edited 11:06am Aug 26, 2012 10:54am | Edited 11:06am
Quoting DaddyBear
Further discoveries of your assumptions:

The first assumption would be correct if it would happen in Jan. 2013, which is to be the earliest possible time.

The second assumption would be correct if it would meet it from a lower level at the end of Oct. 2012, which is to be the earliest possible time.

We have two months to verify the second assumption and four months for the first one. So, what will happen before then?
The first assumption is a very remote possibility if it does happen. The second one could very likely be a morning after effect. So, what would happen before that morning?
daddybearforex. com
  • #7,895
  • Aug 26, 2012 11:59am Aug 26, 2012 11:59am
Quoting DaddyBear
The first assumption is a very remote possibility if it does happen. The second one could very likely be a morning after effect. So, what would happen before that morning?
What would happen before that morning could be this scenario again . . . . . . . .

http://www.forexfactory.com/attachme...1&d=1345156241
daddybearforex. com
  • #7,896
  • Aug 26, 2012 1:16pm Aug 26, 2012 1:16pm
Personally, I don't take the co-relationship into considerations most of the time. However, it may be a good time to look into the relation between the Aussie and Gold.

The D1 and H4 charts of Gold indicate the Bull has not done yet. If the Aussie is a commodity currency and has high co-relationship with Gold, I really don't see the Aussie bulls are all done at this point. IMHO
Attached Image (click to enlarge)
Click to Enlarge Name: GLD-0812.JPG Size: 95 KB
Attached Image
daddybearforex. com
  • #7,897
  • Aug 26, 2012 1:25pm Aug 26, 2012 1:25pm
Quoting DaddyBear
Personally, I don't take the co-relationship into considerations most of the time. However, it may be a good time to look into the relation between the Aussie and Gold.

The D1 and H4 charts of Gold indicate the Bull has not done yet. If the Aussie is a commodity currency and has high co-relationship with Gold, I really don't see the Aussie bulls are all done at this point. IMHO
This is the reason why DT has posted the same message like this all the time. He assumes the top of Gold has been formed again and again.

Quoting Daytrader74

FUDGE I went short @1670.02 !!

daddybearforex. com
  • #7,898
  • Aug 26, 2012 1:30pm Aug 26, 2012 1:30pm
Quoting DaddyBear
Personally, I don't take the co-relationship into considerations most of the time. However, it may be a good time to look into the relation between the Aussie and Gold.

The D1 and H4 charts of Gold indicate the Bull has not done yet. If the Aussie is a commodity currency and has high co-relationship with Gold, I really don't see the Aussie bulls are all done at this point. IMHO
The issue here is that it's easier to read Gold chart than the Aussie's at this point. In other words, it is a confusion time for Aussie bears in my opinion.
daddybearforex. com
  • #7,899
  • Edited 5:25pm Aug 26, 2012 1:43pm | Edited 5:25pm
Quoting DaddyBear
The issue here is that it's easier to read Gold chart than the Aussie's at this point. In other words, it is a confusion time for Aussie bears in my opinion.
I have built a good case against the Aussie bears during this weekend. I believe I am done regarding this debate. I will have to focus on my clients' accounts this week and leave this case to the bears to pound on the table.
daddybearforex. com
  • #7,900
  • Aug 26, 2012 1:46pm Aug 26, 2012 1:46pm
Quoting DaddyBear
I have built a good case against the Aussie bulls during this weekend. I believe I am done regarding this debate. I will have to focus on my clients' accounts this week and leave this case to the bears to pound on the table.
you trade on behalf of other people as you clients Db?
There are those who know, and there are those who don't know.
11 traders viewing now