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Aussie Trading Room and Cartoons Gallery

  • #10,021
  • Sep 22, 2012 2:48pm Sep 22, 2012 2:48pm
Quoting FXMindset
Watching The next Demand Zone

AussieDollar 30m
=============
Is the yellow circled area a supply zone?
Attached Image
daddybearforex. com
  • #10,022
  • Sep 22, 2012 2:59pm Sep 22, 2012 2:59pm
Quoting GnarlyPips
That's two strikes, one more and you're out!

Daily
BTW, could you provide your insights of the Aussie's next moves? Criticizing others' views is much easier than making your own view clear. When you saw my projection was not the same as yours, if any, please provide yours instead of giving comments with no feedback. This is the way a forum works.
daddybearforex. com
  • #10,023
  • Sep 22, 2012 3:32pm Sep 22, 2012 3:32pm
Quoting DaddyBear
BTW, could you provide your insights of the Aussie's next moves? Criticizing others' views is much easier than making your own view clear. When you saw my projection was not the same as yours, if any, please provide yours instead of giving comments with no feedback. This is the way a forum works.
Well, I said the line would provide a bounce, and it did. That was my view for that move. If you know patterns, then you can see what looks like an ascending triangle could be happening next week.

Here (http://www.forexfactory.com/showthread.php?p=6033813#post6033813), just so you don't get confused. (The middle line needs to be adjusted to a close around 8/20. Since price didn't close above the level around this date, price could be dropping pretty soon, if the ascending triangle doesn't work out.) You can see that price made a new high around the 16th of this month, but didn't close above the close around 8/10.

Now, as far as criticizing you, I'm just playing. I'm joking, you know, trying to take a serious matter and make something light of it. Gotta relax sometimes, ya know. If you can't take a joke, let me know and I won't joke around with you anymore.

Btw, a chart is feedback.
Play the players, not the cards.
  • #10,024
  • Sep 22, 2012 6:18pm Sep 22, 2012 6:18pm
Quoting GnarlyPips
Well, I said the line would provide a bounce, and it did. That was my view for that move. If you know patterns, then you can see what looks like an ascending triangle could be happening next week.

Here (http://www.forexfactory.com/showthread.php?p=6033813#post6033813), just so you don't get confused. (The middle line needs to be adjusted to a close around 8/20. Since price didn't close above the level around this date, price could be dropping pretty soon, if the ascending triangle doesn't work out.) You can see that price made a new...
This is a good feedback and constructive. Joking around with me is O.K. I don't mind. In case I joke around with you, please don't take it seriously.

Are you seeing the price will fall more from this level?
daddybearforex. com
  • #10,025
  • Sep 23, 2012 3:36am Sep 23, 2012 3:36am
Quoting DaddyBear
This is a good feedback and constructive. Joking around with me is O.K. I don't mind. In case I joke around with you, please don't take it seriously.

Are you seeing the price will fall more from this level?

I'm anticipating a huge fall of epic proportions, I just don't know when. Though, in the short-term, 1.05008 seems like a nice area for a retrace.

Daily
Attached Image (click to enlarge)
Click to Enlarge Name: dailylineaudusd.png Size: 37 KB
Play the players, not the cards.
  • #10,026
  • Sep 23, 2012 9:36am Sep 23, 2012 9:36am
Quoting GnarlyPips
I'm anticipating a huge fall of epic proportions, I just don't know when. Though, in the short-term, 1.05008 seems like a nice area for a retrace.

Daily
Regarding the projections, I think constant updates are must. Even I believe patterns are preset, as human beings, we cannot see the outcomes until they are all done.

Daily ADX suggests recent down move has been a retracement. As to a huge fall of epic proportions, IMO, it won't happen until the Aussie makes a new high based on monthly ADX.
daddybearforex. com
  • #10,027
  • Sep 23, 2012 10:00am Sep 23, 2012 10:00am
Last week, a member questioned why the USD is getting stronger after QE3. IMO, this proves one fact that the fundies are not the forces driving the market most of the time. There is a higher hierarchical power behind market moves.
daddybearforex. com
  • #10,028
  • Sep 23, 2012 10:08am Sep 23, 2012 10:08am
Quoting GnarlyPips
I'm anticipating a huge fall of epic proportions, I just don't know when. Though, in the short-term, 1.05008 seems like a nice area for a retrace.

Daily
This is a cartoon I posted before. History repeats itself, so are DB's cartoons. The Bull looks in danger but he will try to get out of this sooner or later. IMO
Attached Image (click to enlarge)
Click to Enlarge Name: RAGING BULL-10.JPG Size: 45 KB
daddybearforex. com
  • #10,029
  • Sep 23, 2012 10:10am Sep 23, 2012 10:10am
Quoting DaddyBear
Last week, a member questioned why the USD is getting stronger after QE3. IMO, this proves one fact that the fundies are not the forces driving the market most of the time. There is a higher hierarchical power behind market moves.
If there was easy money lying around,no one would be forcing it into your
  • #10,030
  • Sep 23, 2012 10:12am Sep 23, 2012 10:12am
Quoting DaddyBear
This is a cartoon I posted before. History repeats itself, so are DB's cartoons. The Bull looks in danger but he will try to get out of this sooner or later. IMO
^.^
If there was easy money lying around,no one would be forcing it into your
  • #10,031
  • Sep 23, 2012 10:14am Sep 23, 2012 10:14am
Quoting DaddyBear
Is the yellow circled area a supply zone?
Its clear up and down already Sir DB
If there was easy money lying around,no one would be forcing it into your
  • #10,032
  • Sep 23, 2012 12:10pm Sep 23, 2012 12:10pm
Quoting DaddyBear
This is a cartoon I posted before. History repeats itself, so are DB's cartoons. The Bull looks in danger but he will try to get out of this sooner or later. IMO
Why is the bear always portrayed as the nasty one?
  • #10,033
  • Sep 23, 2012 12:23pm Sep 23, 2012 12:23pm
Quoting DaddyBear
This is a cartoon I posted before. History repeats itself, so are DB's cartoons. The Bull looks in danger but he will try to get out of this sooner or later. IMO
the way i read this cartoon is the bull will soon be on fire....meaning its going up not down as he is on fire.
Wooooohooooo or Boooooohooooo
  • #10,034
  • Sep 23, 2012 12:36pm Sep 23, 2012 12:36pm
Quoting DaddyBear
Regarding the projections, I think constant updates are must. Even I believe patterns are preset, as human beings, we cannot see the outcomes until they are all done.

Daily ADX suggests recent down move has been a retracement. As to a huge fall of epic proportions, IMO, it won't happen until the Aussie makes a new high based on monthly ADX.
Thats a nice one. our company almost holds same view.
forexpillariscipline & patience Trader
  • #10,035
  • Sep 23, 2012 1:42pm Sep 23, 2012 1:42pm
Quoting DaddyBear
Last week, a member questioned why the USD is getting stronger after QE3. IMO, this proves one fact that the fundies are not the forces driving the market most of the time. There is a higher hierarchical power behind market moves.

Truth be told, I came back from a party and was drunk when I typed up whatever posts I posted way early this morning. Maybe drunken predictions are the way to go! (not really)

Though, I think the dollar got stronger from QE3 because the dollar was in trouble of deflating too fast. I also don't trust fundies fundamentally because they are written by someone. There's people who say you should never trust what information comes from China... There was also some guy on CNBC who said he was short gold five minutes before Bernanke announced QE3. I knew immediately that he was actually long and that gold would shoot up. Now that that's all done and over with, it's time to see what gold will do this week since it hit a supply level that, when price last visited, dropped price about $150 in a day.
Play the players, not the cards.
  • #10,036
  • Sep 23, 2012 3:19pm Sep 23, 2012 3:19pm
Quoting cfxsignals
Why is the bear always portrayed as the nasty one?
Not really. Sometimes the Bear has different job to do.

http://www.forexfactory.com/attachme...1&d=1342935119
daddybearforex. com
  • #10,037
  • Sep 23, 2012 3:21pm Sep 23, 2012 3:21pm
Quoting paulyjah
Thats a nice one. our company almost holds same view.
Welcome paulyjah. What company are you working with?
daddybearforex. com
  • #10,038
  • Sep 23, 2012 6:48pm Sep 23, 2012 6:48pm
Quoting nbhaya
Thank you very much, chiknthief, for the detailed explanation. Yes it is very simple and keeps the charts uncluttered and helps to focus on PA. One more question though - any TFs where one would not use the 21MAC or should I say which are the preferred TFs to implement on.
Once again, many thanks.

Works good on all TF's. I prefer to use the 60m after the daily PA retraces back to the 21MAC for short term timing. Looking for some type of 60m reversal at the daily MAC channel. hammer etc. etc.
  • #10,039
  • Sep 24, 2012 1:35am Sep 24, 2012 1:35am
Quoting foxybunny
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.


Attachment

Last Fri 21-Sep, expected A/U to have more on Stoch Pop did not really give any extension, price went up to 1.0518, then declined as shown by down slope on Stoch.

Could only go Short below 1.0470, previous Mini-Supply Zone 61.8% Fib.

Price seem to be just ranging around the 50% to 61.8%.

There are a few more Demand Zones below 1.0400, see which one can withhold the selling.

Today Monday, just wait and see for me.

Attached Image (click to enlarge)
Click to Enlarge Name: 2012-09-21_AU_M15_Short_c.png Size: 62 KB
  • #10,040
  • Sep 24, 2012 6:44am Sep 24, 2012 6:44am
Based on daily ADX, the retracement could be completed at 4:00 EST on 9/20. IMO
daddybearforex. com
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