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  • #10,341
  • Oct 2, 2012 12:53am Oct 2, 2012 12:53am
Quoting FXMindset
Demand Take Out

Keep It Simple
2 Hours Aussie Current Supply Zone

After RBA Rate Cut price is floating around 1.0310, A/U just reached my Demand Zone 1: 3-Sep-12 1.0280 to 1.0380.

If Demand Zone 1 does not hold, then looking for Demand Zone 2: 6-Sep-12 1.0160 to 1.0220.


Attached Image (click to enlarge)
Click to Enlarge Name: 2012-10-02_AU_H1_DemandZones_Sep12.png Size: 58 KB


Attached Image (click to enlarge)
Click to Enlarge Name: 2012-10-02_AU_H1_RBA_Rate_Cut_into_Demand_Zone_1.png Size: 55 KB
  • #10,342
  • Oct 2, 2012 12:54am Oct 2, 2012 12:54am
Quoting doblece
I'll leave it to the market, LOL.

Let me know when the Market signals to you with the on-time signal.
  • #10,343
  • Oct 2, 2012 12:58am Oct 2, 2012 12:58am
Quoting foxybunny
After RBA Rate Cut price is floating around 1.0310, A/U just reached my Demand Zone 1: 3-Sep-12 1.0280 to 1.0380.

If Demand Zone 1 does not hold, then looking for Demand Zone 2: 6-Sep-12 1.0160 to 1.0220.


Attachment

Attachment
If it holds, your next demand zone will surely come into play.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr aussie rate cut.png Size: 51 KB
"My 2 cents"
  • #10,344
  • Oct 2, 2012 1:17am Oct 2, 2012 1:17am
A/U M15 still within my old Fib Zone.

There was a potential Short on 1-Oct with the Stoch Divg M15, but I would not have got into a Short until it falls below 38.2%,and that price break was only done by the RBA News.

That would be too late to Short.

Now price searching for Fib 23.6% 1.0282, have not visited here since 7-Sep-12.

Looking for potential bounce in this 23.6% Fib Zone as well.


Attached Image (click to enlarge)
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  • #10,345
  • Oct 2, 2012 1:19am Oct 2, 2012 1:19am
Attached Image (click to enlarge)
Click to Enlarge Name: newpitchfork.gif Size: 22 KB


Attached Image (click to enlarge)
Click to Enlarge Name: newpitchfork2.gif Size: 24 KB
  • #10,346
  • Oct 2, 2012 1:36am Oct 2, 2012 1:36am
Doblece, I like the simplicity of your Pitchfork chart. The second one causes some pain on my left brain. Is that Fib levels / extensions? the % numbers like 300 threw me off.
"My 2 cents"
  • #10,347
  • Oct 2, 2012 1:41am Oct 2, 2012 1:41am
Quoting Stimulus
Doblece, I like the simplicity of your Pitchfork chart. The second one causes some pain on my left brain. Is that Fib levels / extensions? the % numbers like 300 threw me off.

Fib levels+ extensions + double and triple the range (300%)

Still on my Eve-Adam theory.

The red vertical lines would be range to middle valley - projection below a break of it.
  • #10,348
  • Oct 2, 2012 1:48am Oct 2, 2012 1:48am
Quoting doblece
Attachment

Attachment

To draw that 2 vertical lines and the 2 slope dotted lines to find your projection target, how are you doing that?

Is it a default MT4 indicator or your own custom indicator to draw ??
  • #10,349
  • Oct 2, 2012 1:58am Oct 2, 2012 1:58am

PUTAAA
  • #10,350
  • Oct 2, 2012 2:00am Oct 2, 2012 2:00am
Quoting Daytrader74

PUTAAA

I didn't know there were triple A rates puts available (smirk).

Happy Trades,
fxstir
  • #10,351
  • Oct 2, 2012 2:09am Oct 2, 2012 2:09am
Quoting foxybunny
To draw that 2 vertical lines and the 2 slope dotted lines to find your projection target, how are you doing that?

Is it a default MT4 indicator or your own custom indicator to draw ??
The default MT4 trendline tool. Uncheck the "ray" option.
  • #10,352
  • Oct 2, 2012 2:20am Oct 2, 2012 2:20am
Quoting doblece
The default MT4 trendline tool. Uncheck the "ray" option.
Thanks.

You mean like the chart below with 4 trend lines.

And I thot it may have been your custom indicator.


Attached Image (click to enlarge)
Click to Enlarge Name: 2012-10-02_AU_H4_Doblece_Parallelogram.png Size: 45 KB
  • #10,353
  • Edited 2:56am Oct 2, 2012 2:42am | Edited 2:56am
Quoting foxybunny
Thanks.

You mean like the chart below with 4 trend lines.

And I thot it may have been your custom indicator.


Attachment


Now we might stay (again) for a while in the Fandango Zone.
Hopefully not much though.
Don't know what is so special about 1.0312.
Maybe only a pet peeve of mine ...


EDIT: Maybe a bit early to dream about it but ... will we skip the LAST fandango?

http://www.youtube.com/watch?v=Mb3iPP-tHdA

(this doesn't make me any younger. Oh ... or maybe it does ... )

"We skipped a light fandango,
Turned cartwheels 'cross the floor.
I was feeling kind of seasick,
But the crowd called out for more.
The room was humming harder,
As the ceiling flew away."(Procol Harum - A whiter Shade of Pale - 1967)


  • #10,354
  • Oct 2, 2012 2:50am Oct 2, 2012 2:50am
We must take time for ghost spirit dance of past bull pips lost. Then Chief Kicking Bear will ride again.
Attached Image (click to enlarge)
Click to Enlarge Name: AUDUSD D1 Wedge Bear Bias with pics.png Size: 187 KB
"My 2 cents"
  • #10,355
  • Oct 2, 2012 3:17am Oct 2, 2012 3:17am
Quoting doblece


Now we might stay (again) for a while in the Fandango Zone.
Hopefully not much though.
Don't know what is so special about 1.0312.
Maybe only a pet peeve of mine ...

EDIT: Maybe a bit early to dream about it but ... will we skip the LAST fandango?

http://www.youtube.com/watch?v=Mb3iPP-tHdA

[/i]"We skipped a light fandango,
Turned cartwheels 'cross the floor.
I was feeling kind of seasick,
But the crowd called out for more.
The room was humming harder,
As the ceiling flew away.

Why you find 1.0312 special ??

As the ceiling flew away. - This mean no more ceiling, more up side to go! Go Bulls!

Done a wiki on Procol Harum, heard the melody, but did not recognise the group's name.
Surprised the wiki mentioned they are noted for its baroque and classical influence, even calling it as Baroque Rock.

I do like Baroque-type classic music, so their melody is soothing, first time hearing such thing called as Baroque Rock, only heard of Classic Rock, Rock&Rock.
  • #10,356
  • Oct 2, 2012 3:21am Oct 2, 2012 3:21am
Quoting foxybunny
Why you find 1.0312 special ??

As the ceiling flew away. - This mean no more ceiling, more up side to go! Go Bulls!

( ... )
Dunno ... price clings everywhere but seems to cling there more, unless it's me who only notices the clinging when it gets to that price ...

Yes the same thought flew through my mind (subconscious bullishry?) ... however ... if the ceiling flies away ... also means we're farther from the ceiling, so ... can be taken both sides, I guess
  • #10,357
  • Oct 2, 2012 3:22am Oct 2, 2012 3:22am
Quoting Herbie
Hey Guys ... have been an observer for a while ... but something you all should know ... Manufacturing is dead in southern Australia ... The carbon tax on top of the mining tax along with low Iron ore prices has mining giants pulling back investment ... The labor government is slipping the country into greater debt daily the car industry is virtually giving away cars and the New House market is hurting with builders going into bankruptcy every day ... I would be amazed if rates go up ... down would be welcome but I believe they will stay as is...

Since they are giving away new cars in South Australia, can you send me a new car to Singapore.

Cars in Singapore are way too too too expensive, even used cars.

Can you give a quick summary on what they are doing with Carbon tax, who will get tax, and how much is the tax rate, etc?

Last time early this year I was back in Australia, I heard even households will get Carbon Tax, I am unsure whether households will have Carbon Tax as well. Can you confirm on this ?
  • #10,358
  • Oct 2, 2012 3:26am Oct 2, 2012 3:26am
Quoting doblece
Dunno ... price clings everywhere but seems to cling there more, unless it's me who only notices the clinging when it gets to that price ...

Yes the same thought flew through my mind (subconscious bullishry?) ... however ... if the ceiling flies away ... also means we're farther from the ceiling, so ... can be taken both sides, I guess

No, would need to hear another lyric from this song or another song that said:
"Floor drop and floor taken away". That would be a Bear-cue.
  • #10,359
  • Oct 2, 2012 3:59am Oct 2, 2012 3:59am
Quoting foxybunny
No, would need to hear another lyric from this song or another song that said:
"Floor drop and floor taken away". That would be a Bear-cue.
Here's your bear cue then (although the image of a Bull lying face up and looking at the ceiling and suddenly seeing it flying away from its reach - not yet noticing that in fact he was falling through the floor ... was more romantic ... IMO)

http://www.youtube.com/watch?v=V4aRK2fgXFI


Figures are forming
to find us a door
Numbers are trying
to say something more

She tried to find me
When I fell through the floor
She searched inside the earth
'Til she found me at the core

On the other side of space
Are the shapes that describe her face
On the other side of space
Are the shapes that trace your fate



  • #10,360
  • Edited 5:38am Oct 2, 2012 5:14am | Edited 5:38am
Translation of the above post:

Attached Image (click to enlarge)
Click to Enlarge Name: tothecore.gif Size: 27 KB


With pitchfork and fibs added:

Attached Image (click to enlarge)
Click to Enlarge Name: pitchfork weekly.gif Size: 35 KB
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