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  • #10,561
  • Oct 5, 2012 1:15pm Oct 5, 2012 1:15pm
Quoting Luis Carlos
Just follow the path...
My cristal ball says... short at 1.0180/90 target 1.0125/00. Really I am looking for 0,997X before the bull.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #10,562
  • Oct 5, 2012 2:03pm Oct 5, 2012 2:03pm
Quoting aeternum
Hmm but this wave is lower than the previous wave. Is it still valid?
The up wave should be b. Sorry.
BTW, b-wave can be longer than a-wave. FYI.
daddybearforex. com
  • #10,563
  • Oct 5, 2012 2:04pm Oct 5, 2012 2:04pm
Quoting Luis Carlos
My cristal ball says... short at 1.0180/90 target 1.0125/00. Really I am looking for 0,997X before the bull.
Did you short at 1.0180/90? It will not go to 0.997. IMO
daddybearforex. com
  • #10,564
  • Oct 5, 2012 2:27pm Oct 5, 2012 2:27pm
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.
Thanks for reply.. I will
  • #10,565
  • Oct 5, 2012 2:47pm Oct 5, 2012 2:47pm
Quoting Luis Carlos
My cristal ball says... short at 1.0180/90 target 1.0125/00. Really I am looking for 0,997X before the bull.
Hmm ... we didn't close below the lows (yet).
I would expect either a gap up or some retracement if we are to break down and follow up with the E&A pattern projection.
I am looking for 0.9250/70 before the bull ... however if the lows hold, it's back again to the fandango zone (which is now at the same level as the daily SMA200) and eventually above, if the USD doesn't hold to its gains.

I'd really rather enter short at a safer place than 1.0180. 1.0360 was perfect, and maybe I should have held to my former 1.0296 entry but there will be plenty of time to look for pips after everything calms down here.
  • #10,566
  • Oct 5, 2012 3:18pm Oct 5, 2012 3:18pm
Quoting DaddyBear
Did you short at 1.0180/90? It will not go to 0.997. IMO
I did not short. I dont trade without confirmation. I just what I see using EW.
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #10,567
  • Oct 5, 2012 3:26pm Oct 5, 2012 3:26pm
Quoting doblece
Hmm ... we didn't close below the lows (yet).
I would expect either a gap up or some retracement if we are to break down and follow up with the E&A pattern projection.
I am looking for 0.9250/70 before the bull ... however if the lows hold, it's back again to the fandango zone (which is now at the same level as the daily SMA200) and eventually above, if the USD doesn't hold to its gains.

I'd really rather enter short at a safer place than 1.0180. 1.0360 was perfect, and maybe I should have held to my former 1.0296 entry but there will be plenty...
I am looking 0,916X, but I still expect a new high before the collapse.. This month I will have the picture more clear
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #10,568
  • Oct 5, 2012 8:04pm Oct 5, 2012 8:04pm
Quoting Robot Trader
It looks like it is building a Bearish Flag on H1, we also have a H4 downtrend channel if PA breaks down I will be looking for a duplication of the channel and my target would be 1.016.

However if this is not a flag but PA just testing the bottom channel line we could see PA move back up to the top of the channel 1.043.

To trade the flag I would like to see PA break and retest the lower channel line, but it may just break and fall without a retest.
Flag pattern worked with a duplication of the downtrend channel and TP 1.016 reached. Textbook trading

So what will happen next?
Some people say I'm lucky, but the more I practice the luckier I get
  • #10,569
  • Oct 5, 2012 11:45pm Oct 5, 2012 11:45pm
Quoting DaddyBear
The up wave should be b. Sorry.
BTW, b-wave can be longer than a-wave. FYI.
Yes so I was right This is a c wave. And if I'm not wrong, a gap lower would allow us to continue upwards. In fact 1 hour has a hammer looking doji. And its an inside bar on 4H.

We have bearish engulfing on daily and 3 bearish candles on weekly. It may dip lower, but I'm expecting it to close either in a doji or a hammer for weekly. So probably an extension down to test 1.01 before coming back up is what I guess.

But the hammer on 1H means that there would be a small retracement first.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: AUDUSD 6 October 2012 1H.png Size: 67 KB
Click to Enlarge Name: AUDUSD 6 October 2012 4H.png Size: 72 KB
Click to Enlarge Name: AUDUSD 6 October 2012 Daily.png Size: 79 KB
Click to Enlarge Name: AUDUSD 6 October 2012 Weekly.png Size: 88 KB
A 1 pip gain is better than a 1 pip loss.
  • #10,570
  • Oct 6, 2012 3:13am Oct 6, 2012 3:13am
Quoting FXMindset
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
Perfect ~
Next are for watch 1.0125 - 1.0099
If there was easy money lying around,no one would be forcing it into your
  • #10,571
  • Oct 7, 2012 6:45am Oct 7, 2012 6:45am
Current Rate: 1.01890
daddybearforex. com
  • #10,572
  • Oct 7, 2012 6:52am Oct 7, 2012 6:52am
Some people are looking for sub-parity recently. During this weekend, I surfed the web and find the same view held by some "experts". Not sure if those people were swayed by such view, but cannot find much supports from the doomsday scenario.
daddybearforex. com
  • #10,573
  • Oct 7, 2012 7:04am Oct 7, 2012 7:04am

0.9877
  • #10,574
  • Edited 7:33am Oct 7, 2012 7:07am | Edited 7:33am
Quoting DaddyBear
Some people are looking for sub-parity recently. During this weekend, I surfed the web and find the same view held by some "experts". Not sure if those people were swayed by such view, but cannot find much supports from the doomsday scenario.
The reason I questioned such view was based on daily ADX reading. Although Friday's low was lower than that of last Wednesday, the DMIM was actually lower. My interpretation is that the Bears' pressure is dwindling. I'd say this is a divergence of the balance of the power.

Is this a reversal or a rebound? The Aussie has been in an expanded channel since 08/09. This coming week will reveal more clues to us. IMO
daddybearforex. com
  • #10,575
  • Edited 10:43am Oct 7, 2012 7:09am | Edited 10:43am
Quoting Daytrader74

0.9877

DT, could you provide some rationales to your view of 0.9877?
daddybearforex. com
  • #10,576
  • Edited 10:42am Oct 7, 2012 7:14am | Edited 10:42am
Quoting DaddyBear
DT, could you provide some rationales to your view of 0.9877?
Also, when will this happen? Time is of the essence. Is this going to happen this week or next year?
daddybearforex. com
  • #10,577
  • Oct 7, 2012 7:54am Oct 7, 2012 7:54am
Next we should be watching the close byer zone around 1.0125 - 1.0099
If there was easy money lying around,no one would be forcing it into your
  • #10,578
  • Oct 7, 2012 10:46am Oct 7, 2012 10:46am
Quoting FXMindset
Next we should be watching the close byer zone around 1.0125 - 1.0099
If it drops again, 1.0082 is in sight. This is likely but going to sub-parity may not happen anytime soon. IMO
daddybearforex. com
  • #10,579
  • Oct 7, 2012 11:28am Oct 7, 2012 11:28am
799 posts on All majors and gold

http://www.forexfactory.com/search.php?do=process&provider=Member&searchuser=235713

something i wrote sep 25

i'm waiting to see what will show up in the next few days....
Wooooohooooo or Boooooohooooo
  • #10,580
  • Oct 7, 2012 2:29pm Oct 7, 2012 2:29pm
Quoting DaddyBear
Also, when will this happen? Time is of the essence. Is this going to happen this week or next year?
within 3 weeks...
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