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Aussie Trading Room and Cartoons Gallery

  • #10,381
  • Oct 2, 2012 10:28am Oct 2, 2012 10:28am
Quoting DaddyBear
This is my version.
Edit: See the updated version.
This is the updated EW count. IMO
Attached Image (click to enlarge)
Click to Enlarge Name: EW-100112.JPG Size: 37 KB
daddybearforex. com
  • #10,382
  • Edited 12:30pm Oct 2, 2012 10:38am | Edited 12:30pm
I was intrigued by the CoT debate yesterday so I did some looking around.

Australian Dollar (AUD/USD): The large specs in the A$ covered 18.1K contracts of their shorts which took their net long up to almost 90K and a 4.4 ratio longs to shorts. Small specs are only modest longs, but the two combined groups were just short of 102K long

http://www.forexcycle.com/daily-forex-reports/51966-speculators-short-usd-position-up-again.html

http://www.cftc.gov/marketreports/commitmentsoftraders/index.htm

Do we use it as a contrarian indicator? The market usually pushes weak hands (tight stops) out before a big move.
"My 2 cents"
  • #10,383
  • Oct 2, 2012 11:11am Oct 2, 2012 11:11am
keep calm whatever the news its..the market will positioned itself for the next signal,dont need hurry for jump in the market..this is just a shortterm reaction
If there was easy money lying around,no one would be forcing it into your
  • #10,384
  • Edited 3:37pm Oct 2, 2012 11:16am | Edited 3:37pm
Quoting DaddyBear
This is the updated EW count. IMO
Based on my EWC, I think the tide is going to turn at the end of current wave. IMO
daddybearforex. com
  • #10,385
  • Oct 2, 2012 11:18am Oct 2, 2012 11:18am
Quoting FXMindset
keep calm whatever the news its..the market will positioned itself for the next signal,dont need hurry for jump in the market..this is just a shortterm reaction
FXM, what is your take on the Aussie's next move?
daddybearforex. com
  • #10,386
  • Oct 2, 2012 11:22am Oct 2, 2012 11:22am
Quoting DaddyBear
FXM, what is your take on the Aussie's next move?
I am expect the price to visit 1.037 again and am would like to see the reaction around that area
If there was easy money lying around,no one would be forcing it into your
  • #10,387
  • Oct 2, 2012 11:23am Oct 2, 2012 11:23am
Aussie will soon rebounce.
forexpillariscipline & patience Trader
  • #10,388
  • Oct 2, 2012 11:39am Oct 2, 2012 11:39am
Quoting FXMindset
I am expect the price to visit 1.037 again and am would like to see the reaction around that area
The Strong Buyer Zone which been retest several times was broken down earlier and now have been turn become a resistance,keep watching the price am mark around 1.30217 as the first clue,

Btw Sir DB,do you know what time is it when the Aussie Market Open in Singapore time here


Thanks
If there was easy money lying around,no one would be forcing it into your
  • #10,389
  • Oct 2, 2012 12:38pm Oct 2, 2012 12:38pm
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
1.0280 broken. Lets see what happens with Trade balance 0930 EST.
"My 2 cents"
  • #10,390
  • Oct 2, 2012 12:40pm Oct 2, 2012 12:40pm
Quoting FXMindset
I am expect the price to visit 1.037 again and am would like to see the reaction around that area
Joei san, Aussie could go up to that area
Attached Image(s) (click to enlarge)
Click to Enlarge Name: 1.png Size: 43 KB
Click to Enlarge Name: 2.png Size: 45 KB
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #10,391
  • Oct 2, 2012 12:50pm Oct 2, 2012 12:50pm
Luis, I dont use EW. I am a simpleton. It does seem were are in similar direction.
Attached Image (click to enlarge)
Click to Enlarge Name: 4hr TL break 2 oct 2012.png Size: 59 KB
"My 2 cents"
  • #10,392
  • Oct 2, 2012 1:36pm Oct 2, 2012 1:36pm
Quoting Luis Carlos
Joei san, Aussie could go up to that area
Amen Louis San
If there was easy money lying around,no one would be forcing it into your
  • #10,393
  • Oct 2, 2012 2:12pm Oct 2, 2012 2:12pm
Quoting Stimulus
Luis, I dont use EW. I am a simpleton. It does seem were are in similar direction.
So it should be a signal
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #10,394
  • Oct 2, 2012 3:41pm Oct 2, 2012 3:41pm
Quoting FXMindset
The Strong Buyer Zone which been retest several times was broken down earlier and now have been turn become a resistance,keep watching the price am mark around 1.30217 as the first clue,

Btw Sir DB,do you know what time is it when the Aussie Market Open in Singapore time here


Thanks
FXM, I am not in Singapore.
daddybearforex. com
  • #10,395
  • Oct 2, 2012 5:03pm Oct 2, 2012 5:03pm
Buy aussie at 1.023/4 tp 1.0320
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #10,396
  • Oct 2, 2012 5:25pm Oct 2, 2012 5:25pm
Aussie next target at 1.0230/00 before correction.
Good luck.
forexpillariscipline & patience Trader
  • #10,397
  • Oct 2, 2012 7:03pm Oct 2, 2012 7:03pm
Paused at 102.50, 4hr TL broken, confirmed http://www.forexfactory.com/showthread.php?p=6060189#post6060189. Retracement possible. More pips to feed my bears. News 1.5hrs.
Attached Image (click to enlarge)
Click to Enlarge Name: polar bear wallpaper desktop 3.jpg Size: 172 KB
"My 2 cents"
  • #10,398
  • Oct 2, 2012 7:30pm Oct 2, 2012 7:30pm
Quoting doblece
Beautiful song!

http://www.youtube.com/watch?v=DFQ7QfCsNXw


Here are the lyrics, just in case ...

http://www.daily-inspirational.com/forex-is-my-love/

Dedicated to all the true Forex lovers, and especially to all who tread on this thread!
See you on Thursday ... gotta go on a family short trip to thermal waters. Bye!
Just Brilliant.

Song & importantly Lyric, yes thanks needed the lyrics, is bookmarked.

Enjoy your hot steamy soak/swim getaway.
  • #10,399
  • Oct 2, 2012 7:39pm Oct 2, 2012 7:39pm
Quoting Stimulus
1.0280 broken. Lets see what happens with Trade balance 0930 EST.

As Demand Zone 1 did not hold, then looking for next lower Demand Zone 2: 6-Sep-12 1.0160 to 1.0220.

My old Fib Zone has 0% at 1.0166, so I am not real bearish until it gets way below this.
  • #10,400
  • Oct 2, 2012 7:51pm Oct 2, 2012 7:51pm
Quoting FXMindset
The Strong Buyer Zone which been retest several times was broken down earlier and now have been turn become a resistance,keep watching the price am mark around 1.30217 as the first clue,

Btw Sir DB,do you know what time is it when the Aussie Market Open in Singapore time here


Thanks

Based on our Singapore time, it is 5am Sing time for Aussie Market Open(based on ForexFactory session time).

You would not be awake that time ??

Do take note this Sun 7-Oct AUD will have Daylight Saving shift, timing will change again.
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