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Aussie Trading Room and Cartoons Gallery

In case your interested:

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

Happy Trades,
fxstir
Quoting Daytrader74
within 3 weeks...
I am interested in knowing how you believe it will happen in 3 weeks. Thanks.
daddybearforex. com
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)
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
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
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
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
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

Booooo
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 1048853

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 1048854

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?
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
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.
My current GOLD trade SOLD @1779.11 FUDGE!
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Hey DT. Gold is holding above the line and way above the ichimoku cloud. Still bullish !!!
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The aussie is having a tough time with the 21 MAC channel. May be headed further south very soon now.
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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"!!
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.
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.
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 [...] www.forexlive.com/blog/2012/10/09/audusd-barrier-at-risk-oh-yeah-and-the-sound-barrier-too/
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
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