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  • #7,961
  • Aug 27, 2012 4:55am Aug 27, 2012 4:55am
Quoting dab
Pauladkinsau, in below linked post you talked about a change in Chinese leadership in October. Is there a set date? Is bad data likely to be leaked in the lead up to the change, just after or not at all? Thanks & sorry for late reply, just been catching up on the weekend's posts.

http://www.forexfactory.com/showthread.php?p=5956887#post5956887 (http://www.forexfactory.com/showthread.php?p=5956887#post5956887)
Hi, and no problem.

There is no set date. There are actually 2 meetings - the 7th plenum and the 18th Party congress. They deliberately keep the dates private, but I can tell you, the numbers of security people around the streets of Beijing has increased in the past few days (or perhaps I am just noticing them more).

The new leadership will be revealed in October, but the meeting to rubber stamp the selections will take place soon. And the horse trading and negotiating and jockeying for positions has been going on for some months.

The only thing we know for certain is, Bo Xi Lai won't be in the Politburo or the Central Committee. (Neither will I for that matter, but then I am not a member of the Communist Party... oh, and I am Australian.)

Cheers,

Paul.
  • #7,962
  • Aug 27, 2012 5:02am Aug 27, 2012 5:02am
Quoting dab
Pauladkinsau, in below linked post you talked about a change in Chinese leadership in October. Is there a set date? Is bad data likely to be leaked in the lead up to the change, just after or not at all? Thanks & sorry for late reply, just been catching up on the weekend's posts.

http://www.forexfactory.com/showthread.php?p=5956887#post5956887 (http://www.forexfactory.com/showthread.php?p=5956887#post5956887)
Regarding bad data, there are two schools of thought here among the people I speak to. Keep the dirty laundry hidden until the new team can take over. Or get it all out before they move into Zhongnanhai (China's equivalent to the White House), so that the new leadership team can start with a clean plate. Note - there is no discussion on whether there is dirty laundry to air - only when to release it.

The old leadership team prefer the first plan. The new leadership team prefer the second.

Cheers,

Paul.
  • #7,963
  • Aug 27, 2012 5:11am Aug 27, 2012 5:11am
Well...GOLD price has been dropping....so who was it that was saying on here that GOLD was going to go UP????????
  • #7,964
  • Aug 27, 2012 8:22am Aug 27, 2012 8:22am
Quoting DaddyBear
At this point, it is very easy for anyone to see the visible bear by his eyes, but it is difficult for everyone to see the hidden bull with his mind.
I understand it could be difficult for some I do really. Let me rephrase.....

Look for the Bull at these levels but unless there is something substantial from fed and maybe not even then all this pair gets are temporary retraces. Hope this helps in the short term at least. Remember this is just a guide to help determine where price can go and where it may get a bounce. Have a great trading day all.
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #7,965
  • Aug 27, 2012 8:38am Aug 27, 2012 8:38am
au stuck at 1.0370 (fibo 61.8%).... pls break 1.0370...

sell stop at 1.0367... sl 1.0417.. (intraday trade)...

regards..
Peace Yo!
  • #7,966
  • Aug 27, 2012 11:43am Aug 27, 2012 11:43am
I have sensed a very strong bearish smell in our forum since a couple of weeks ago. The bears all have legitimate rationales to back up their claims.

As mentioned earlier, I had built my case for the bulls and would quit debating on this issue.

When looking into the mirror, most people only see what they want to see and ignore what they don't like. If the Forex market is such an easy game, we would all be in the paradise now. IMHO
daddybearforex. com
  • #7,967
  • Aug 27, 2012 11:56am Aug 27, 2012 11:56am
Quoting DaddyBear
I have sensed a very strong bearish smell in our forum since a couple of weeks ago. The bears all have legitimate rationales to back up their claims.

As mentioned earlier, I had built my case for the bulls and would quit debating on this issue.

When looking into the mirror, most people only see what they want to see and ignore what they don't like. If the Forex market is such an easy game, we would all be in the paradise now. IMHO
Sometimes I use the sentiment in our forum to gauge the strength of the bears or the bulls. When there are bears all over, it means not many sellers left at this level. Although we are small guys, this gauge is still useful to certain extent.

I am not a contrarian guy anymore. But, when one natural force has reached an extreme level, the other force will come back to life. This is what Ying-Yang is all about.
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daddybearforex. com
  • #7,968
  • Aug 27, 2012 12:03pm Aug 27, 2012 12:03pm
Quoting DaddyBear
Sometimes I use the sentiment in our forum to gauge the strength of the bears or the bulls. When there are bears all over, it means not many sellers left at this level. Although we are small guys, this gauge is still useful to certain extent.

I am not a contrarian guy anymore. But, when one natural force has reached an extreme level, the other force will come back to life. This is what Ying-Yang is all about.
Obviously, this is not the only gauge I use to make my judgement. As mentioned before, I also use other tools to measure the uncharted waters. I like to be the Columbus in the Forex Ocean.

http://www.forexfactory.com/attachme...1&d=1344924224
daddybearforex. com
  • #7,969
  • Aug 27, 2012 12:11pm Aug 27, 2012 12:11pm
Quoting DaddyBear
Obviously, this is not the only gauge I use to make my judgement. As mentioned before, I also use other tools to measure the uncharted waters. I like to be the Columbus in the Forex Ocean.
This is the way of my way. When nobody posts in our forum, I would post something. When nobody is buying, I would consider to enter long.

When the bears are pounding the table loud and clear, they did not pay attention to the legs of the table. the legs may not be strong enough to sustain their continued pounding. When the legs collapse, it is the time some bears would get hurt badly.
daddybearforex. com
  • #7,970
  • Aug 27, 2012 12:27pm Aug 27, 2012 12:27pm
Quoting DaddyBear
This is the way of my way. When nobody posts in our forum, I would post something. When nobody is buying, I would consider to enter long.

When the bears are pounding the table loud and clear, they did not pay attention to the legs of the table. the legs may not be strong enough to sustain their continued pounding. When the legs collapse, it is the time some bears would get hurt badly.
man u have a true captian's spirit!
My Currency is Urgency
  • #7,971
  • Edited 1:06pm Aug 27, 2012 12:29pm | Edited 1:06pm
Quoting palabara
You are right, I have a system for scalping.. But, I am not a scalper.. I'm short term/day trader/swing trader a combination of the 3. where I sometimes swing my trades..

I don't take much profits, but I keep risk reward ratio to a point where the reward out weighs the risk. I.E if my s/l in a case is 25 pips my profit goal is 50 pips. 2-1.

but it all varies from trade to trade.. the bottom line in this game is not about being right or wrong or trying to convince yourself the market is going to do this.. I've learned long ago.. to stop predicting...
palabara, I know you are a good trader according to your messages but you have never posted something related to the market outlook or how you decided to enter trades. Do you mind sharing some of your insights?
daddybearforex. com
  • #7,972
  • Edited 1:03pm Aug 27, 2012 12:36pm | Edited 1:03pm
Quoting Forexmint
man u have a true captian's spirit!
Columbus and Marco Polo are tow great people I admire. They were in the eras without modern technologies. However, their courage and particularly their great visions let them saw more than most people can see in 21 century.
daddybearforex. com
  • #7,973
  • Aug 27, 2012 1:18pm Aug 27, 2012 1:18pm
Quoting DaddyBear
Columbus and Marco Polo are tow great people I admire. They were in the eras without modern technologies. However, their courage and particularly their great visions let them saw more than most people can see in 21 century.
Some people once questioned me why Columbus has anything to do with the Forex trading. Bad question at best. Based on my experience, those people did not have visions at all. Vision is the most important component in trading the Forex market.

Vision sets the right direction and the right direction brings the traders to the green pips. Some people always say following the trend. Without vision, how a trader see the trend, and more importantly, see the beginning and the end of a trend?
daddybearforex. com
  • #7,974
  • Aug 27, 2012 1:24pm Aug 27, 2012 1:24pm
Quoting DaddyBear
palabara, I know you are a good trader according to your messages but you have never posted something related to the market outlook or how you decided to enter trades. Do you mind sharing some of your insights?
I don't mind, the only reason.. I don't do it cause this is aussie forum.. and I trade a broad spectrum.. I just like hanging around here. Right now, I have a position with the Eur/Aud which is an indrect way to trade the aussie, but I can happily comment on it, tonight.
There are those who know, and there are those who don't know.
  • #7,975
  • Aug 27, 2012 1:53pm Aug 27, 2012 1:53pm
Quoting DaddyBear
Sometimes I use the sentiment in our forum to gauge the strength of the bears or the bulls. When there are bears all over, it means not many sellers left at this level. Although we are small guys, this gauge is still useful to certain extent.

I am not a contrarian guy anymore. But, when one natural force has reached an extreme level, the other force will come back to life. This is what Ying-Yang is all about.
Like Ying-Yang, EWP is a natural order. It has its hidden codes like The Da Vinci Code.

For example, current wave may consist of the following code:

a-b-A-B-a-b-A-B-a-b-c
c = i-ii-iii = C
C = Finale

-IMHO-
daddybearforex. com
  • #7,976
  • Aug 27, 2012 2:37pm Aug 27, 2012 2:37pm
yuppi du, i never see a price soo much oversold like this, go bullz!!
  • #7,977
  • Aug 27, 2012 2:42pm Aug 27, 2012 2:42pm
Quoting tunera
yuppi du, i never see a price soo much oversold like this, go bullz!!
Ill catch up later lol
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Don't follow me! You can and most likely will LOSE all your money!!!!
  • #7,978
  • Edited 7:35pm Aug 27, 2012 2:44pm | Edited 7:35pm
I just hop on a long on aud/usd @ 1.0370, stop @ 50. looking for a bounce up. If not will be at 1.0320,

i have a bullish signal here i also expect eur/aud to fall back from here. which will gives aud/usd more strength.

@closed off at 68 -2, looking for lower buy.
  • #7,979
  • Aug 27, 2012 2:46pm Aug 27, 2012 2:46pm
Quoting DaddyBear
Like Ying-Yang, EWP is a natural order. It has its hidden codes like The Da Vinci Code.

For example, current wave may consist of the following code:

a-b-A-B-a-b-A-B-a-b-c
c = i-ii-iii = C
C = Finale

-IMHO-
I have seen this code developed and completed numerous times already. Although current code has not completed, there is no reason for it not to complete in such a sequence.

Why is the code in such a sequence? This is my observation not my creation. This is a part of God's creation.
daddybearforex. com
  • #7,980
  • Aug 27, 2012 2:48pm Aug 27, 2012 2:48pm
Quoting 5percent
I just hop on a long on aud/usd @ 1.0370, stop @ 50. looking for a bounce up. If not will be at 1.0320,

i have a bullish signal here i also expect eur/aud to fall back from here. which will gives aud/usd more strength.
I'm waiting for that fall on the eur/aud
There are those who know, and there are those who don't know.
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