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  • #10,541
  • Oct 5, 2012 9:18am Oct 5, 2012 9:18am
Quoting DaddyBear
A lot of people in this forum including you are good in technical and/or fundamentals. I try not to upstage you guys. BTW, Mama is very good in the technical and Spanish as well.
I guess this is what Mama is thinking now ..........

http://www.forexfactory.com/attachme...1&d=1349300136
daddybearforex. com
  • #10,542
  • Oct 5, 2012 9:19am Oct 5, 2012 9:19am
Quoting DaddyBear
I guess this is what Mama is thinking now ..........

http://www.forexfactory.com/attachme...1&d=1349300136
Mama, please correct me if you are not thinking this way. DB
daddybearforex. com
  • #10,543
  • Oct 5, 2012 9:27am Oct 5, 2012 9:27am
Quoting aeternum
NFP was good for USD whether people think its states the true situation or not. I wanted to draw EW for AUDUSD but I guess there are many ways to interpret it. And I guess we may be on a corrective wave 4 here. We may continue upwards if I'm wrong though.
Can you post your diagram/chart?
daddybearforex. com
  • #10,544
  • Oct 5, 2012 9:38am Oct 5, 2012 9:38am
Quoting aeternum
NFP was good for USD whether people think its states the true situation or not. I wanted to draw EW for AUDUSD but I guess there are many ways to interpret it. And I guess we may be on a corrective wave 4 here. We may continue upwards if I'm wrong though.
I always enjoy EW primary and alternate counts. I am not EW technician, it intrigues me because it has sound basis if the right hands (not me).
"My 2 cents"
  • #10,545
  • Oct 5, 2012 9:41am Oct 5, 2012 9:41am
This two days, the market is like this.

http://www.forexfactory.com/attachme...1&d=1345030616
daddybearforex. com
  • #10,546
  • Oct 5, 2012 9:45am Oct 5, 2012 9:45am
Quoting DaddyBear
Can you post your diagram/chart?
I didn't label anything on it. But I see 1.0469 from September down to 1.0185 a few days ago as a long wave, which I presume is impulsive wave 3 followed with this correction up now as wave 4. Wave 4 is corrective, that consists of 3 small a b c waves of which a should have been completed now. By wave c, we could be around 1.03 before going down again.
A 1 pip gain is better than a 1 pip loss.
  • #10,547
  • Oct 5, 2012 9:48am Oct 5, 2012 9:48am
Quoting aeternum
I didn't label anything on it. But I see 1.0469 from September down to 1.0185 a few days ago as a long wave, which I presume is impulsive wave 3 followed with this correction up now as wave 4. Wave 4 is corrective, that consists of 3 small a b c waves of which a should have been completed now. By wave c, we could be around 1.03 before going down again.
Good, consists with my short zone...i will be watching anything past 1.03 for sharp rejection.
"My 2 cents"
  • #10,548
  • Edited 10:02am Oct 5, 2012 9:55am | Edited 10:02am
If daily pivot doesnt hold 1.02 could be seen by close.

European close volatility.
"My 2 cents"
  • #10,549
  • Oct 5, 2012 12:26pm Oct 5, 2012 12:26pm
Quoting aeternum
I didn't label anything on it. But I see 1.0469 from September down to 1.0185 a few days ago as a long wave, which I presume is impulsive wave 3 followed with this correction up now as wave 4. Wave 4 is corrective, that consists of 3 small a b c waves of which a should have been completed now. By wave c, we could be around 1.03 before going down again.
It seems that up move was a 'b' wave. We are now doing 'c' which should technically go lower than 1.0185.
A 1 pip gain is better than a 1 pip loss.
  • #10,550
  • Oct 5, 2012 12:40pm Oct 5, 2012 12:40pm
Quoting DaddyBear
GM. down to form a double bottom then up to the Moon!
This is the double bottom (second part) I was replying to GM's question last night. IMO
daddybearforex. com
  • #10,551
  • Oct 5, 2012 12:42pm Oct 5, 2012 12:42pm
Quoting aeternum
It seems that up move was a 'b' wave. We are now doing 'c' which should technically go lower than 1.0185.
The up move was a-wave. The current wave is b. FYI
daddybearforex. com
  • #10,552
  • Oct 5, 2012 12:54pm Oct 5, 2012 12:54pm
Quoting DaddyBear
This is the double bottom (second part) I was replying to GM's question last night. IMO
i was just thinking that when i saw the drop

Top Forecasters See Aussie Gains as Rates Cut
http://www.forexfactory.com/attachme...1&d=1349455294 (http://www.bloomberg.com/news/2012-10-04/top-forecasters-see-aussie-gains-as-rates-cut-australia-credit.html) From bloomberg.com (http://www.bloomberg.com/news/2012-10-04/top-forecasters-see-aussie-gains-as-rates-cut-australia-credit.html)

http://www.forexfactory.com/news.php?do=news&id=387869
Wooooohooooo or Boooooohooooo
  • #10,553
  • Oct 5, 2012 1:00pm Oct 5, 2012 1:00pm
Quoting DaddyBear
Mama, please correct me if you are not thinking this way. DB


Usually don't trade on Fridays.
Read DT's price smash alert, went to the calendar, saw the NFP results, looked around the pairs I trade, was going to place a few shorts ... and said "nahhh - will short on Monday if any" and went back to sleep.

Half an hour later it seems I did miss 5 of my 6 buses (seeing this 5 hours after the fact).

Sigh.

But I do not trade on Fridays.

  • #10,554
  • Oct 5, 2012 1:15pm Oct 5, 2012 1:15pm
I closed a long an still carrying a small one

down but not out

I will carry it over the weekend

i was expecting a retrace at some point

have a good weekend everybody
  • #10,555
  • Oct 5, 2012 1:19pm Oct 5, 2012 1:19pm
Quoting doblece


Usually don't trade on Fridays.
Read DT's price smash alert, went to the calendar, saw the NFP results, looked around the pairs I trade, was going to place a few shorts ... and said "nahhh - will short on Monday if any" and went back to sleep.

Half an hour later it seems I did miss 5 of my 6 buses (seeing this 5 hours after the fact).

Sigh.

But I do not trade on Fridays.

Mama, this is exactly the same spot that the movie "Bye!" was played in our forum 7/25/12.

http://www.forexfactory.com/attachme...1&d=1344382924
daddybearforex. com
  • #10,556
  • Oct 5, 2012 1:41pm Oct 5, 2012 1:41pm
Good Day for all,

Possible we close lower than yesterday as till now there is no any buyer sign
The level we need watching right now is 1.0164 and if 1.0164 cant hold and break down then next is 1.009xx


In meantime,have a nice weekend all and Happy Green Pips
If there was easy money lying around,no one would be forcing it into your
  • #10,557
  • Oct 5, 2012 1:48pm Oct 5, 2012 1:48pm
Quoting DaddyBear
The up move was a-wave. The current wave is b. FYI
Hmm but this wave is lower than the previous wave. Is it still valid?
A 1 pip gain is better than a 1 pip loss.
  • #10,558
  • Oct 5, 2012 2:12pm Oct 5, 2012 2:12pm
Quoting DaddyBear
Mama, this is exactly the same spot that the movie "Bye!" was played in our forum 7/25/12.
Hmmm ... not now I'm afraid.

However I'd better be flat personally while I await the results on my country's Sunday election. Just in case.
  • #10,559
  • Oct 5, 2012 2:28pm Oct 5, 2012 2:28pm
Quoting doblece
Hmmm ... not now I'm afraid.

However I'd better be flat personally while I await the results on my country's Sunday election. Just in case.
I read that and I thought his from Venezuela for sure.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #10,560
  • Oct 5, 2012 3:00pm Oct 5, 2012 3:00pm
Just follow the path...
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Stocktwit: LuisCarlos - twitter: @lcparodi
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