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  • #9,981
  • Sep 20, 2012 4:54pm Sep 20, 2012 4:54pm
Quoting DaddyBear
aeternum, please see my chart above. 1.0343/1.0276 may be possible. IMO
look at my post #9968 (http://www.forexfactory.com/showthread.php?p=6029533#post6029533)

looking at it in a different angle but seeing it the same
Wooooohooooo or Boooooohooooo
  • #9,982
  • Sep 20, 2012 4:57pm Sep 20, 2012 4:57pm
Quoting gnomoneey
look at my post #9968 (http://www.forexfactory.com/showthread.php?p=6029533#post6029533)

looking at it in a different angle but seeing it the same
Your chart is too small to read but I got your point. So we are on the same boat now.
daddybearforex. com
  • #9,983
  • Sep 20, 2012 5:38pm Sep 20, 2012 5:38pm
Quoting foxybunny
(...)

You may want to read the Equity Millipede.
http://www.forexfactory.com/showthread.php?t=245149
Awesome thread indeed. Thanks for the reminder.

A quote I'm in sync with:

Quoting pipEASY
Does it sound queer when I say that watching the 5minute chart is like listening to music?

I can hear the rhythm, pace and the crescendo.
  • #9,984
  • Sep 20, 2012 6:07pm Sep 20, 2012 6:07pm
Quoting doblece
Awesome thread indeed. Thanks for the reminder.

A quote I'm in sync with:



Mama, are you an artist?
daddybearforex. com
  • #9,985
  • Sep 20, 2012 7:05pm Sep 20, 2012 7:05pm
Quoting gnomoneey
thanks

G
Gnomoneey & foxybunny, I would suggest another option if confident of 800+ pip move would be options. Catch would be whether you are confident that the move would be in the next 3 months or not as longest options I know of are quarterly, but I am very new to options and haven't yet used them.

Personally I would be very surprised by 800+ pip move up as that would put us past all time high and we've already had QE3 & the high exchange rate would hurt the aussie economy (RBA already indicated that they are seeing AUD as too high at current levels so how much more so if we even saw 1.10 again.) 800+ down is still within the 'norms' for last 2 years so I see this as more likely. I'm bearish medium to long term but hoping for another push up (better price to sell). Good luck!
Hope for the best, prepare for the worst.
  • #9,986
  • Sep 20, 2012 9:17pm Sep 20, 2012 9:17pm
Quoting DaddyBear
Mama, are you an artist?
Not yet.
Just an apprentice ...
  • #9,987
  • Sep 20, 2012 10:15pm Sep 20, 2012 10:15pm
After watching the markets for a long time, I found most big boys do have the problems of herd mentality. At the bottom, they kept selling and vice versa.

Besides the huge money they got, I really don't think they are any better than anyone in this forum. They are the people to blame for market extremes and volatility. The overbought and oversold situations are caused by them.

When we get in at right level of the bottom, they come and keep selling. So, we are all right too soon. This is the reason the Forex market is famous for its overshooting ability caused by big boys.
daddybearforex. com
  • #9,988
  • Sep 20, 2012 10:59pm Sep 20, 2012 10:59pm
Quoting foxybunny
A/U showing some Vol, more activity in the last 2 hours.

If price can push up Quickly from here, and show some support around 1.0415, Long there.

If price keep falling, wait till next Demand Zone around 1.0297 - 1.0319.


Attachment

Last night, price did go up through 1.0415 where a Long was previously signalled, even though action was slower, and way past my bedtime.

Now at 1.0470, previous mini-Supply at 61.8% Fib, may retrace down a bit first, before the move up.

Price need to move up through 1.0470 to find support here before it can up another leg.

Be watchful if price falls down to 1.0412 first at Fib 50%, where price may go down further from there, or bounce up from there.

The move seem like slowly creeping upwards to TP1 1.0552 or TP2 1.0601.

The other likely objective would be high of Mon 17-Sep around 1.0555.
Perhaps it needs this Fri and Mon gap to reach there.

Attached Image (click to enlarge)
Click to Enlarge Name: 2012-09-21_AU_M15_Long.png Size: 64 KB
  • #9,989
  • Sep 20, 2012 11:01pm Sep 20, 2012 11:01pm
Quoting doblece
Awesome thread indeed. Thanks for the reminder.

A quote I'm in sync with:




Agreed Awesome thread the Equity Millipede, fantastic long-term ideas, and not easily implemented, that is the hard part.
  • #9,990
  • Sep 20, 2012 11:02pm Sep 20, 2012 11:02pm
Quoting doblece
Not yet.
Just an apprentice ...
Are you not a musician?

Are you not painting with fractal art?

Would the above not make you an Artist?

An Artist you are, even with the doodle on charts.
  • #9,991
  • Sep 21, 2012 12:15am Sep 21, 2012 12:15am
Quoting DaddyBear
aeternum, please see my chart above. 1.0343/1.0276 may be possible. IMO
Price just overshot targets and shot out of your wedge. Perhaps it will come back down.
A 1 pip gain is better than a 1 pip loss.
  • #9,992
  • Sep 21, 2012 12:16am Sep 21, 2012 12:16am
Yes, the price over shot. But still did not hit 1.0500.

What is the down side target you have ?
Intraday only.
  • #9,993
  • Sep 21, 2012 12:39am Sep 21, 2012 12:39am
Quoting foxybunny
Agreed Awesome thread the Equity Millipede, fantastic long-term ideas, and not easily implemented, that is the hard part.
Given it's up to page 356 would you recommend focusing on recent posts only or does info at start or all of it need to be looked at or just certain parts?
Hope for the best, prepare for the worst.
  • #9,994
  • Sep 21, 2012 1:11am Sep 21, 2012 1:11am
Quoting navk
Yes, the price over shot. But still did not hit 1.0500.

What is the down side target you have ?
DB's target of 1.0343 seems more likely. I don't think we'll go to 1.02xx
A 1 pip gain is better than a 1 pip loss.
  • #9,995
  • Edited 2:12am Sep 21, 2012 1:35am | Edited 2:12am
Quoting dab
Given it's up to page 356 would you recommend focusing on recent posts only or does info at start or all of it need to be looked at or just certain parts?
Go through every post and all the charts by originator pipEasy.

Must start from p1.

His last post is around p311.

He did not write much to fill up all those 311-pages as he took a period off as he did not seem well.

All of pipEasy's posts are extremely concise and very detail to the point.
You may still need to re-read all the posts and charts 2-5 times to really get it.
Sometimes he will make you work for it before explaining further.

Most of the other posters there really don't have much idea on it as it is difficult to implement.
Only very few posters there may understand the idea and is still difficult for them to do.

You need nerves of steel to implement the millipede.

From p311 - p356 and even before p311, you can read it for fun, nothing much there that I can recalled.
Just more posters adding more ideas to the original idea, and they end up corrupting the original idea and making it even less workable by those posters.

Just read pipEasy's posts to at least understand the idea, and then it is up you whether to implement or not.

Note: There are a few journals trying to follow pipEasy's ideas, but not all really follow through. Below is a better journal as his posts at the Millipede were quite good.
Another thread "Trading Major Lines" by nomask, seem to start up using the ideas of Graeme, and nomask probably gets the idea better.
http://www.forexfactory.com/showthread.php?t=281454
I have not really read this thread, just few pages at the start.
If you read it, and find this is good, let me know.
  • #9,996
  • Sep 21, 2012 2:34am Sep 21, 2012 2:34am
Quoting foxybunny
Go through every post and all the charts by originator pipEasy.

Must start from p1.

His last post is around p311.

He did not write much to fill up all those 311-pages as he took a period off as he did not seem well.

All of pipEasy's posts are extremely concise and very detail to the point.
You may still need to re-read all the posts and charts 2-5 times to really get it.
Sometimes he will make you work for it before explaining further.

Most of the other posters there really don't have much idea on it as it is difficult to implement.
Only...
Thanks for both comments on millipede thread & additional recommendation. I'm likely to read first couple of pages to generally gauge & see from there but don't have heaps of time. Will definitely let you know if I think it worth pursuing.
Hope for the best, prepare for the worst.
  • #9,997
  • Sep 21, 2012 3:38am Sep 21, 2012 3:38am
Looks like we may get to 1.05.
  • #9,998
  • Sep 21, 2012 3:43am Sep 21, 2012 3:43am
Quoting foxybunny
Last night, price did go up through 1.0415 where a Long was previously signalled, even though action was slower, and way past my bedtime.

Now at 1.0470, previous mini-Supply at 61.8% Fib, may retrace down a bit first, before the move up.

Price need to move up through 1.0470 to find support here before it can up another leg.

Be watchful if price falls down to 1.0412 first at Fib 50%, where price may go down further from there, or bounce up from there.

The move seem like slowly creeping upwards to TP1 1.0552 or TP2 1.0601.

The other...

After GBP Red news of Public Sector Net Borrowing, A/U starting to show support at 1.0470, the latest Red up arrow show a possible Long again now.

Note that Stoch is temporary very high though, but price could keep going up even in this overbought Stoch, looking for a nice Stoch Pop extension upwards.


Attached Image (click to enlarge)
Click to Enlarge Name: 2012-09-21_AU_M15_Long_b.png Size: 62 KB
  • #9,999
  • Sep 21, 2012 3:48am Sep 21, 2012 3:48am
Quoting fxstir
Looks like we may get to 1.05.
Smashed!
A 1 pip gain is better than a 1 pip loss.
  • #10,000
  • Sep 21, 2012 4:41am Sep 21, 2012 4:41am
Originally Posted by gnomoneey http://www.forexfactory.com/images/buttons/viewpost.gif (http://www.forexfactory.com/showthread.php?p=6030483#post6030483)
buy xau/usd 1769 tp 1777

buy aud/usd 1.0442 tp open

keep eye on nzd/usd - 0.8300 and eur/cad-1.2651 very bullish ....1-5 days trade for 150pis

xau/usd closed manually 1775 +600

aud/usd closed manually 1.0515 +70

profit +670 pips in less than 12 hrs
Wooooohooooo or Boooooohooooo
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