Aussie Trading Room and Cartoons Gallery | Page 530 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Cartoons and Pics 2,832 replies

EUR/USD Trading Room 328 replies

Do The Trading Room 20 replies

Attachments: Aussie Trading Room and Cartoons Gallery
Exit Attachments

Aussie Trading Room and Cartoons Gallery

  • #10,581
  • Oct 7, 2012 6:09pm Oct 7, 2012 6:09pm
In case your interested:

http://www.rba.gov.au/speeches/2012/sp-gov-081012.html

Happy Trades,
fxstir
  • #10,582
  • Oct 7, 2012 6:47pm Oct 7, 2012 6:47pm
Quoting Daytrader74
within 3 weeks...
I am interested in knowing how you believe it will happen in 3 weeks. Thanks.
daddybearforex. com
  • #10,583
  • Oct 7, 2012 6:49pm Oct 7, 2012 6:49pm
Quoting DaddyBear
I am interested in knowing how you believe it will happen in 3 weeks. Thanks.
Well based on my chart analysis I see that number....take a look at the daily chart and you will see what I mean....should be around 9870 - 9880 (go back to NOV 2011)
  • #10,584
  • Oct 7, 2012 6:53pm Oct 7, 2012 6:53pm
Quoting DaddyBear
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
Although it gaped down at the open, the Daily DMIM went down more. This is a signal of a divergence. It may not be a reversal or a rebound. But it means something.

Last time I got a D+ from the Greek teacher at ADX school.

http://www.forexfactory.com/attachme...1&d=1346168614
daddybearforex. com
  • #10,585
  • Oct 7, 2012 6:57pm Oct 7, 2012 6:57pm
Quoting Daytrader74
Well based on my chart analysis I see that number....take a look at the daily chart and you will see what I mean....should be around 9870 - 9880 (go back to NOV 2011)
Thanks DT. Let's see what it goes today then we may be able to know what's next.
daddybearforex. com
  • #10,586
  • Oct 7, 2012 7:02pm Oct 7, 2012 7:02pm
Quoting DaddyBear
Thanks DT. Let's see what it goes today then we may be able to know what's next.
You welcome Papa me love you long time
  • #10,587
  • Oct 7, 2012 7:04pm Oct 7, 2012 7:04pm
Quoting DaddyBear
Although it gaped down at the open, the Daily DMIM went down more. This is a signal of a divergence. It may not be a reversal or a rebound. But it means something.

Last time I got a D+ from the Greek teacher at ADX school.
Although ADX is Greek to most people including myself, I believe it may be a better indicator for identifying the trend. IMO
daddybearforex. com
  • #10,588
  • Oct 7, 2012 9:10pm Oct 7, 2012 9:10pm
Someone mentioned in our forum before that Chinese government distributed economic news to the reporters before the official releasing time.

Was CNY HSBC Services PMI (SEP) leaked tonight as well?
daddybearforex. com
  • #10,589
  • Oct 8, 2012 6:19am Oct 8, 2012 6:19am

Booooo
  • #10,590
  • Oct 8, 2012 11:10am Oct 8, 2012 11:10am
Quoting doblece
Potentially, although it has yet to be confirmed by a breakout of the central valley. Here's an earlier chart I posted:

Attachment

As a side note, there's a bigger (Adam-Eve this time) pattern not yet confirmed with a much lower breakout level, ranging from september 2011 to june 2012 ...

Attachment

Hi Doblece,

Now that we have a confirmation of the b/o level, what is the next good level to short? Looking at the PA, are we heading to 1.04 or higher?
  • #10,591
  • Oct 8, 2012 11:42am Oct 8, 2012 11:42am
Quoting payal
Hi Doblece,

Now that we have a confirmation of the b/o level, what is the next good level to short? Looking at the PA, are we heading to 1.04 or higher?
observe PA arn 1.0230 & 1.0270. for the next major move.goodluck
forexpillariscipline & patience Trader
  • #10,592
  • Oct 8, 2012 8:15pm Oct 8, 2012 8:15pm
Quoting payal
Hi Doblece,

Now that we have a confirmation of the b/o level, what is the next good level to short? Looking at the PA, are we heading to 1.04 or higher?
I wouldn't call this a confirmed breakout. Just a tepid piercing IMO.
Daily charts have a resistance confluence at about 1.0300 with the SMA200 and just below the "fandango zone" (1.0310) so I would be waiting to see if it reaches there and its reaction to decide on a new shorting attempt.
  • #10,593
  • Oct 8, 2012 8:54pm Oct 8, 2012 8:54pm
My current GOLD trade SOLD @1779.11 FUDGE!
Attached Image (click to enlarge)
Click to Enlarge Name: aud.gif Size: 27 KB
  • #10,594
  • Oct 9, 2012 9:41am Oct 9, 2012 9:41am
Hey DT. Gold is holding above the line and way above the ichimoku cloud. Still bullish !!!
Attached Image (click to enlarge)
Click to Enlarge Name: gold chart.gif Size: 26 KB
  • #10,595
  • Oct 9, 2012 9:51am Oct 9, 2012 9:51am
The aussie is having a tough time with the 21 MAC channel. May be headed further south very soon now.
Attached Image (click to enlarge)
Click to Enlarge Name: au h4 mac.gif Size: 21 KB
  • #10,596
  • Oct 9, 2012 10:16am Oct 9, 2012 10:16am
Quoting foxybunny
For COT, I will only re-analyse again next Tue.
For Price Action, price drop was from 28-Sep before RBA news.
From my previous post, I said I will re-analyse COT on Tue, that is today.

Based on recent COT, data released from 2-Oct-12, COT showed A/U overall started to have more Sellers, and price action from 2-Oct till 9-Oct showed that.

Now price is around 1.0190, that is still within my last Demand Zone 2: 1.0160 to 1.0220.

Signs seem to be more Sellers for now, for me not clear signal to do anything, as I just see in in a big sideway range at the moment, possibly A-B-C correction from the recent Down move.

Better to Short than Long for now.
Looking for price to go down and react around 1.0090 to 1.0120.

From COT analysis, I would prefer to wait till next week COT to see if COT confirm whether is Bear or just a correction to the Bull, as the previous Bull was not that over-bullish.

This is the "Late Warning Signal"!!
  • #10,597
  • Edited 11:03am Oct 9, 2012 10:41am | Edited 11:03am
Supply/demand zones ??? I'm assuming it means the same thing as support and resistance zones. I prefer my 21MAC because it gives me a good reading of the supply/demand scenario. When prices go well above the 21MAC and then fall below it - it shows me supply has exceeded demand and the market has failed.
All my charts from daily on down, show PA in the red zone (below the 21MAC)(failure) and about to take out the weekly red line too. (10135)

If we break the weekly red line then the monthly red line @ 10044 will be in jeapardy because it is the last line of defense for the bulls.
  • #10,598
  • Oct 9, 2012 10:54am Oct 9, 2012 10:54am
Quoting foxybunny
From my previous post, I said I will re-analyse COT on Tue, that is today.

Based on recent COT, data released from 2-Oct-12, COT showed A/U overall started to have more Sellers, and price action from 2-Oct till 9-Oct showed that.

Now price is around 1.0190, that is still within my last Demand Zone 2: 1.0160 to 1.0220.

Signs seem to be more Sellers for now, for me not clear signal to do anything, as I just see in in a big sideway range at the moment, possibly A-B-C correction from the recent Down move.

Better to Short than Long for now.
Looking...
This market has been in a BIG triangle for the last 15 months (monthly chart). The market always breaks out of triangles - one way or the other. The COT says the market is going to go down a long way. The bottom of the monthly triangle around 9700 is my 'minimum' target. When it gets there, I will look at the COT to see if it supports a massive break below the monthly triangle or not. (I'll be looking to see if the commercials changed from extremely net short to extremely net long) I only look for historical extremes in the COT reading not little meaningless up and down blips.
  • #10,599
  • Oct 9, 2012 10:56am Oct 9, 2012 10:56am
The 1.0150 barrier in AUD/USD might be in jeopardy today as risk aversion ramps up. But the barrier to watch is the sound barrier with a Red Bull stunt diver planning to jump from 22 miles above the earth and freefall faster than the speed of sound. It looks like the launch is going to [...] http://www.forexlive.com/blog/2012/10/09/audusd-barrier-at-risk-oh-yeah-and-the-sound-barrier-too/
  • #10,600
  • Oct 9, 2012 11:12am Oct 9, 2012 11:12am
Quoting chiknthief
The aussie is having a tough time with the 21 MAC channel. May be headed further south very soon now.
ChikBear, the wind has changed direction since Monday and yet you are still talking about going south.

I know a lot of people are holding very bearish view currently including many "experts". However, I still keep my EWP view intact.

http://www.forexfactory.com/attachme...1&d=1349317469
daddybearforex. com
53 traders viewing now