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  • #9,001
  • Sep 5, 2012 10:32am Sep 5, 2012 10:32am
Quoting chiknthief
Start with your monthly charts. What does it tell you? Then the weekly - what is it saying? Then daily - whats the PA there? Then move on down to the shorter term TF's and see what it is doing in relation to the bigger picture. Just trading a 15m chart alone would drive a normal person insane.
Believe me, I would never look at M15 alone. I go through all charts every day to see what lies ahead. That was the reason I built my case for a crossover of monthly DTL. IMHO
daddybearforex. com
  • #9,002
  • Sep 5, 2012 10:37am Sep 5, 2012 10:37am
We all did that, BUY instead of SELL, mistyped possie size, trade short on the long account etc. Lucky you came out, sometimes you need luck in your trading too ... I'll put on Kylie - I should be so lucky lucky lucky lucky ♬♬♬

Quoting Daytrader74
Damn I was just saved by my skin....I accidentally sold 10 lots instead of 1 lot
forget about tomorrow, just steal away into the night
  • #9,003
  • Sep 5, 2012 10:37am Sep 5, 2012 10:37am
The short TF's (less than 1H) are very near to buy signals. Wouldn't surprise me to see some sort of upside corrective action. I see strong resistance at 10315 on the weekly charts.
  • #9,004
  • Sep 5, 2012 10:37am Sep 5, 2012 10:37am
BTW, M15 ADX has been unwinding for three candles. The bearish pressure is being released to give room for upside movement.
daddybearforex. com
  • #9,005
  • Sep 5, 2012 10:41am Sep 5, 2012 10:41am
Quoting chiknthief
The short TF's (less than 1H) are very near to buy signals. Wouldn't surprise me to see some sort of upside corrective action. I see strong resistance at 10315 on the weekly charts.
If so, why would you post following message? Please provide you insights. thanks.

Quoting chiknthief
H4 MAC channel and middle bollinger containing the rallies. Looks like a rally to the 10230's would be a good selling point.
daddybearforex. com
  • #9,006
  • Sep 5, 2012 10:51am Sep 5, 2012 10:51am
Quoting DaddyBear
If so, why would you post following message? Please provide you insights. thanks.

[/b]
For one - its been a large down move without much corrective action. Nothing written in stone - just possibilities. But I believe the bulls are in for more disappointment. CAUTION - the very short TF's are in the middle of a bull fake out. We got type 2 momentum divergence here.
Attached Image (click to enlarge)
Click to Enlarge Name: type 2 bearish momentum divergence.gif Size: 23 KB
  • #9,007
  • Sep 5, 2012 10:59am Sep 5, 2012 10:59am
I don't believe it will get the strength to make it to 10315, DB. The BEAR cycle/seasonal influence is just too powerful for the bulls to overcome for the next week or two.
  • #9,008
  • Sep 5, 2012 11:05am Sep 5, 2012 11:05am
Quoting chiknthief
I don't believe it will get the strength to make it to 10315, DB. The BEAR cycle/seasonal influence is just too powerful for the bulls to overcome for the next week or two.
GET READY DB - the bear cycle lasts for six weeks. We have been in it for a month now. The last two weeks have a history of being choppy. Does "fandango" mean choppy action ??? If so, we're at or near the fandango zone.
  • #9,009
  • Sep 5, 2012 11:26am Sep 5, 2012 11:26am
News flash :
Gloom & doom continues to build around AUD, China & potential rate cuts weigh. ThomsonReuters.com

Is it already 'in the market' ???
  • #9,010
  • Sep 5, 2012 12:12pm Sep 5, 2012 12:12pm
Good Morning/Evening all.

This is a progression report. I have adjusted waves already made.

The wide white line is the Daily Pivot as per one of my brokers.

Attached Image (click to enlarge)
Click to Enlarge Name: minimalistic-adjusted.gif Size: 32 KB
  • #9,011
  • Sep 5, 2012 12:14pm Sep 5, 2012 12:14pm
Quoting chiknthief
GET READY DB - the bear cycle lasts for six weeks. We have been in it for a month now. The last two weeks have a history of being choppy. Does "fandango" mean choppy action ??? If so, we're at or near the fandango zone.
Attached Image


  • #9,012
  • Sep 5, 2012 12:19pm Sep 5, 2012 12:19pm
Quoting DaddyBear
If so, why would you post following message? Please provide you insights. thanks.

Quote:
Originally Posted by chiknthief http://www.forexfactory.com/images/buttons/viewpost.gif (http://www.forexfactory.com/showthread.php?p=5987166#post5987166)
H4 MAC channel and middle bollinger containing the rallies. Looks like a rally to the 10230's would be a good selling point.
@DaddyBear: See my pic above (maybe).
@chiknthief: ()
  • #9,013
  • Sep 5, 2012 3:00pm Sep 5, 2012 3:00pm
Quoting doblece
Attachment


  • #9,014
  • Sep 5, 2012 4:12pm Sep 5, 2012 4:12pm
This is a current view of my actual positions with the pending order set at 1.0230. Not quite bright, but still waiting for further downside before GMT+3:30 because of the break of the 100% level. Will start trailing stops after USA close till that hour, then they will be closed (had set a time limit on both shorts - two different platforms).

Maximum risk situation at present including if the pending order was active, is 106 (0.4%) and 96 (0.81%) pips respectively (plus slippage and one-day's swap) on each account.

Trades were both positive at a certain point, but as it is an EOD strategy I decided to wait a little more especially because of the initial R/R and because the trend still looks bearish on higher TFs.

Indeed irfandbl's stochcandlefib has brought a huge improval to my own method (thanks again! ), and am now in a transition trying to integrate both my own contrarian view (divergence trading and planned averaging down) with a "set-and-forget" daily EOD breakout strategy and another similar but EOW based.

Attached Image (click to enlarge)
Click to Enlarge Name: another minimal.gif Size: 33 KB


Looks very interesting to me by now.
Am sharing as part of the needed training in applying the new rules, and because I am so happy with the perspectives. Feel free to decompile
(and no, I'm still NOT playing ALL my cards, lol...)
  • #9,015
  • Sep 5, 2012 6:37pm Sep 5, 2012 6:37pm
Quoting Robot Trader
I will look at May in the morning and see how strong the Bullish divergence was at that time.

Cheers and good night all
I for one will be interested to see that analysis, thanks RT for thinking of it!
Hope for the best, prepare for the worst.
  • #9,016
  • Sep 5, 2012 6:52pm Sep 5, 2012 6:52pm
We should be headed to the 1.012 area before any bounces, this is the 50% fib, altho AUD seems to ignore the 50% area most of the time.
  • #9,017
  • Sep 5, 2012 7:04pm Sep 5, 2012 7:04pm
I don't think we are going anywhere until the employment data is released in about 90 minutes and the results will determine whether we see down or up in the short term.
Hope for the best, prepare for the worst.
  • #9,018
  • Sep 5, 2012 9:06pm Sep 5, 2012 9:06pm
Bear got tired after 1 month kicking all the bulls ? looking for a pull back to 1.03 - 1.045..
  • #9,019
  • Sep 5, 2012 9:16pm Sep 5, 2012 9:16pm
Attached Image


Attached Image (click to enlarge)
Click to Enlarge Name: h1.gif Size: 12 KB


M15
=============
10228
10234
10246
10257

M30
=============
10229
10236
10247
10259

H1
=============
10233
10242
10258
10274

H4
=============
Still building it's momentum (up)
3 more hours to candlestick close...


Summary
Watch out for the numbers in bold
  • #9,020
  • Sep 5, 2012 9:19pm Sep 5, 2012 9:19pm
This was my post on 7/21/12 when the Aussie was dropping toward 1.017x. This was close enough.

Quoting DaddyBear
No. 3 - TWIN-BEAR Astrological Sign
Seen from ancient Greeks' eyes.


http://www.forexfactory.com/attachme...1&d=1342922403
Now I see Twin-Bull Astrological Sign at current level. After looking at the monthly chart carefully, I believe the probability of this Sign is highly likely.

The "past" DT is the mirror. The reflection could be larger due to the mirror size.
Attached Image (click to enlarge)
Click to Enlarge Name: TWIN-BULL.JPG Size: 74 KB
daddybearforex. com
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