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  • #10,101
  • Sep 27, 2012 5:58pm Sep 27, 2012 5:58pm
Based on price action's reaction to moving back to it's current level, I can see price moving up to 1.042 on the Aussie futures. If price doesn't move up, then I see three demand zones not on this graph that would be fresh if price visited. (I'll update if that happens)

1H /6A
Attached Image (click to enlarge)
Click to Enlarge Name: hourlyaussiefuture.png Size: 15 KB
Play the players, not the cards.
  • #10,102
  • Sep 27, 2012 7:12pm Sep 27, 2012 7:12pm
Quoting chiknthief
Damn Davit - QUIT being a jackwagon, Prepare yourself for a BIG drawdown !!!
I can close my 3x Shorts and be in profit right now while you are still recovering from stupor.
In trading, you have to be defensive and aggressive at the same time
  • #10,103
  • Sep 27, 2012 9:33pm Sep 27, 2012 9:33pm
What a remarkable GOLD recovery all the way from down @1736 to now @1779
Where will it go? UP UP UP ?
  • #10,104
  • Sep 27, 2012 9:36pm Sep 27, 2012 9:36pm
AU Monthly.


Attached Image (click to enlarge)
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  • #10,105
  • Sep 27, 2012 9:47pm Sep 27, 2012 9:47pm
Quoting Daytrader74
What a remarkable GOLD recovery all the way from down @1736 to now @1779
Where will it go? UP UP UP ?
Either around 1820 or 1680. Maybe both!
Play the players, not the cards.
  • #10,106
  • Edited 10:46pm Sep 27, 2012 9:57pm | Edited 10:46pm
Quoting doblece
Potential TP projection of the WW would be quite near the wedge projection above mentioned (1.0740ish).

Attachment

Though I feel the recent ostensible and slow motioned "look how I'm climbing" attitude smells like a trap to discourage bears.

But ... if no bears around, no bulls can either persist much longer ...

Doblece, do you use WW often?

Hv you attended his course?

A/U H1 still playing within my old Fib, now between 38.2% and 61.8%.

Stoch on H1, rather than M15, showed a better divg for the Long off near the Demand Zone 1.0320.

Seeing whether this time if A/U got enough gas to push up thru the Supply of 61.8% 1.0470.


irfandbl & Robot Trader, where are you both??


Attached Image (click to enlarge)
Click to Enlarge Name: 2012-09-27_AU_H1_Long.png Size: 80 KB
  • #10,107
  • Sep 27, 2012 10:00pm Sep 27, 2012 10:00pm
a good link to aussie analysis
http://www.forex-trading-relief.net/Aud-Usd-Analysis4b.html
  • #10,108
  • Sep 27, 2012 10:31pm Sep 27, 2012 10:31pm
Quoting Davit
I can close my 3x Shorts and be in profit right now while you are still recovering from stupor.
Looks like I was right. Prices moved up putting great pressure on your short trades. Smart folks do not talk their position because they know its a mental trap. It has a way of making you rigid and not flexible enough to GTF out when you need to.
  • #10,109
  • Sep 27, 2012 10:44pm Sep 27, 2012 10:44pm
Quoting doblece
Indeed it could also be a butterfly, which would better coincide with your first demand zone.

Here's again the H&S
Attachment

Doblece, this was what I meant by the Bullish Butterfly, near 0% 1.0323, but not quite reaching there as it bounce around 1.0329.

Picture Butterfly not drawn, wings very far apart, you may draw if you want to.


Attached Image (click to enlarge)
Click to Enlarge Name: 2012-09-26_AU_H1_Bull_Butterfly.png Size: 64 KB
  • #10,110
  • Sep 27, 2012 11:54pm Sep 27, 2012 11:54pm
Quoting foxybunny
Doblece, do you use WW often?

Hv you attended his course?

A/U H1 still playing within my old Fib, now between 38.2% and 61.8%.

Stoch on H1, rather than M15, showed a better divg for the Long off near the Demand Zone 1.0320.

Seeing whether this time if A/U got enough gas to push up thru the Supply of 61.8% 1.0470.


irfandbl & Robot Trader, where are you both??


Attachment
I like Wolfe Wave pattern very much but only pay attention when I find something that could be one (not specifically looking for them). I read all the materials on the site but no, haven't taken the course. And many of those that I have spotted turn out to failure.

I have revised though the "wedge projection", as it was wrongly taking into account the low of one of the last rising candles, when in fact we were having a nice falling channel and only a smaller wedge at the end, which projection would bring us to a double top with most recent higher highs. However, I don't see the Aussie as much enthusiastic to the upside as the Kiwi seems to be, and the latter also appears to be stalling at a double top level, although it might rise up to 0.8380/0.8400.

For the Aussie, I see three possible levels to reach, noted on the chart.
Beyond that, the 1.0730 level which also appears as 100% level on my Fibstool analysis of the Daily (lost the other chart, sorry).

Attached Image (click to enlarge)
Click to Enlarge Name: wedge correction and projections.png Size: 60 KB


I have been watching closely NZD/USD surge and levels as both currency pairs are heavily correlated. A bit worried about the dollar weakness unless they're squeezing everybody out ... as I am net long the USD (short on NZD, AUD, GBP and long USDJPY, plus planning to enter short the EUR if it reaches 1.2966.)

Attached Image (click to enlarge)
Click to Enlarge Name: aussiekiwi.png Size: 61 KB


However, I don't see the Aussie as much enthusiastic to the upside as the Kiwi seems to be, and the latter also appears to be stalling at a double top level, although it might rise up to 0.8380/0.8400.

It is the end of the month plus friday and huge profit taking could occur after all those rallies.

But who knows...

Edit: Re: Butterfly - Indeed that is what I saw. No need to further drawing as you already did the outlines
  • #10,111
  • Sep 28, 2012 12:28am Sep 28, 2012 12:28am
Quoting doblece
I like Wolfe Wave pattern very much but only pay attention when I find something that could be one (not specifically looking for them). I read all the materials on the site but no, haven't taken the course. And many of those that I have spotted turn out to failure.

I have revised though the "wedge projection", as it was wrongly taking into account the low of one of the last rising candles, when in fact we were having a nice falling channel and only a smaller wedge at the end, which projection would bring us to a double top with most recent...

Also I enjoy the WW pattern, same hard to find them.

It does seem to occur in lower timeframes like M15 as well, unsure if you look at these shorter timeframes as your charts are mostly longer timeframes.
  • #10,112
  • Sep 28, 2012 12:53am Sep 28, 2012 12:53am
Quoting foxybunny
Also I enjoy the WW pattern, same hard to find them.

It does seem to occur in lower timeframes like M15 as well, unsure if you look at these shorter timeframes as your charts are mostly longer timeframes.
I've never liked much m15 nor H1, but I do use m5 extensively or at least I did since I started trading years ago. I am now trying to switch to much longer TFs so it's part of the needed discipline not to look at anything below H4. I replaced the 5minute charts with 30m though, and it's exactly the same setup except for the sloooow motion. So nothing has really changed except that there's more pips in-between

WW pattern is amazing, especially when it is a true wave with concurrent lines that give the time element with much accuracy. And yes, I've noticed that it tends to work better when found on shorter TFs.
  • #10,113
  • Sep 28, 2012 5:14am Sep 28, 2012 5:14am
Completely agree with you. been trying to be profitable for 3 years now & every month ended up in loss. this is the first month that i disciplined myself to D1 & 4H charts & i am in +$200..so it does work for me...pat on the back for me )

Quoting doblece
I've never liked much m15 nor H1, but I do use m5 extensively or at least I did since I started trading years ago. I am now trying to switch to much longer TFs so it's part of the needed discipline not to look at anything below H4.
Be the change that you want to change
  • #10,114
  • Sep 28, 2012 7:40am Sep 28, 2012 7:40am
How have you guys been doing? Been absent for awhile!! Looking forward to get back into the group
Good luck and may the odds be ever in your favor!
  • #10,115
  • Sep 28, 2012 8:41am Sep 28, 2012 8:41am

FUDGE
  • #10,116
  • Sep 28, 2012 9:16am Sep 28, 2012 9:16am
HI guys,

It's been a while -- a month. Been busy month.. Next week -- Forex and other markets is my full time job I'm switching over to full time trading. I'll be popping in again. The thread is not as active as -- I remember it.. Need to stir the waters
There are those who know, and there are those who don't know.
  • #10,117
  • Sep 28, 2012 10:01am Sep 28, 2012 10:01am
Quoting palabara
HI guys,

It's been a while -- a month. Been busy month.. Next week -- Forex and other markets is my full time job I'm switching over to full time trading. I'll be popping in again. The thread is not as active as -- I remember it.. Need to stir the waters
indeed!
Good luck and may the odds be ever in your favor!
  • #10,118
  • Sep 28, 2012 10:31am Sep 28, 2012 10:31am
Doblece - Beware : davit might show up to talk about 'irrelevant charts' again !!!
  • #10,119
  • Sep 28, 2012 10:58am Sep 28, 2012 10:58am
Quoting Daytrader74

FUDGE

No doubt! I went from a 50 plus pip winner to exiting luckly in the nick of time with 10 pips. 10's better than nothing, but geez, I left alot on the table last night.
  • #10,120
  • Sep 28, 2012 11:58am Sep 28, 2012 11:58am
Anyone here from Singapore, who is also using OpenNet Broadband, AND having frequent disconnect problems with the internet this week using Wireless router connection ??

I am using M1 OpenNet, and Cisco wireless router, with a few netbook/notebooks wireless and having this disconnect problems every few minutes this week.

Have called both M1 and Cisco and talked and attempted some fixes for at least 3-hours, and problem still there.

Yes, internet connection works fine when connecting directly to the modem rather than to the router, but need the router wireless as a few users need access to it.

Really frustrating with this problem and you know what it means when using MT4/FF and keep disconnecting.

Anyone here facing similar issues and have resolved this problem, or who is from M1 or Cisco, can reply this post or PM me.

Thanks in advance.
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