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Aussie Trading Room and Cartoons Gallery

  • #8,121
  • Aug 29, 2012 8:13am Aug 29, 2012 8:13am
WHADAYA waitin for daytrader? Aint you bought it yet ???
  • #8,122
  • Aug 29, 2012 8:15am Aug 29, 2012 8:15am
Quoting chiknthief
WHADAYA waitin for daytrader? Aint you bought it yet ???

Well heck - he ran away.
  • #8,123
  • Aug 29, 2012 8:35am Aug 29, 2012 8:35am
Bouncing off daily 50 ma (turquoise line) 1st resistance daily TF = MAC21 channel red line @ 10450.............. CAUTION : bear seasonal/cycle influence is not due to end for another two weeks.
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd mac.gif Size: 28 KB
  • #8,124
  • Aug 29, 2012 8:43am Aug 29, 2012 8:43am
There will be one more thrust to R2 IMO.
daddybearforex. com
  • #8,125
  • Aug 29, 2012 8:45am Aug 29, 2012 8:45am
AUD/USD WEEKLY TF - Its bouncing off the top of the 21MAC (green line) and the inchimoku cloud. Still quite bullish.
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd weekly mac.gif Size: 30 KB
  • #8,126
  • Aug 29, 2012 8:47am Aug 29, 2012 8:47am
Quoting DaddyBear
There will be one more thrust to R2 IMO.
Quite likely.
  • #8,127
  • Aug 29, 2012 8:54am Aug 29, 2012 8:54am
21 MAC ------ 1H above green line (bullish zone)

4H ------ A break above the hi of last bar also puts the 4H in the bull zone (above green line)
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud usd 1h mac.gif Size: 24 KB
Click to Enlarge Name: aud usd 4h mac.gif Size: 27 KB
  • #8,128
  • Aug 29, 2012 9:05am Aug 29, 2012 9:05am
Now the 15M dropped all the way back inside the channel. Will it turn back up now ???
Attached Image (click to enlarge)
Click to Enlarge Name: aud usd 15m mac.gif Size: 25 KB
  • #8,129
  • Aug 29, 2012 9:11am Aug 29, 2012 9:11am
Bought more at 1.0375. Nice pullback with a double bottom.
Several levels of support (double bottom and .618 fib. Stop below those levels.
  • #8,130
  • Aug 29, 2012 9:18am Aug 29, 2012 9:18am
Quoting Hookem28
Bought more at 1.0375. Nice pullback with a double bottom.
Several levels of support (double bottom and .618 fib. Stop below those levels.

Good luck ! Crazy action today. U may have to ride it out.
  • #8,131
  • Aug 29, 2012 9:23am Aug 29, 2012 9:23am
Quoting Hookem28
Bought more at 1.0375. Nice pullback with a double bottom.
Several levels of support (double bottom and .618 fib. Stop below those levels.
I took the same on pullback at 1.0376, would like to see another test of R1 this hourly candle.
  • #8,132
  • Aug 29, 2012 9:23am Aug 29, 2012 9:23am
Quoting chiknthief
Good luck ! Crazy action today. U may have to ride it out.
Thanks. Some big position trades today, for sure.
  • #8,133
  • Aug 29, 2012 9:25am Aug 29, 2012 9:25am
Quoting chiknthief
Good luck ! Crazy action today. U may have to ride it out.
It's not the Forex game your are thinking.
daddybearforex. com
  • #8,134
  • Aug 29, 2012 9:27am Aug 29, 2012 9:27am
wheeeeeeeee what a ride!
  • #8,135
  • Aug 29, 2012 9:30am Aug 29, 2012 9:30am
STUCK in the 4H channel
Attached Image (click to enlarge)
Click to Enlarge Name: 4h channel bound.gif Size: 19 KB
  • #8,136
  • Aug 29, 2012 9:40am Aug 29, 2012 9:40am
Action not good for the bulls. No follow through after break above MAC channel. Reversal back down inside channel puts us back in the neutral zone. Could go lower still.
Attached Image (click to enlarge)
Click to Enlarge Name: 1h channel.gif Size: 22 KB
  • #8,137
  • Aug 29, 2012 9:51am Aug 29, 2012 9:51am
Someone has definitely drawn a line in the sand at 1.0377.
If they give up, it could pop still.
  • #8,138
  • Aug 29, 2012 9:56am Aug 29, 2012 9:56am
The whole upthrust hourly bar has been erased. Any lower and we're right back in the red zone.
  • #8,139
  • Aug 29, 2012 10:15am Aug 29, 2012 10:15am
Quoting chiknthief
The whole upthrust hourly bar has been erased. Any lower and we're right back in the red zone.
H4 is building a super Doji and ADX is showing the Bull strength as well.
daddybearforex. com
  • #8,140
  • Aug 29, 2012 10:18am Aug 29, 2012 10:18am
Still two more weeks left in the hunting season. The bears got the shotgun and the bulls are the target. The hunting season ends on sept 13th. (bear cycle/seasonal)

Sell rallies
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