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Aussie Trading Room and Cartoons Gallery

  • #10,761
  • Oct 14, 2012 3:03pm Oct 14, 2012 3:03pm
Quoting navk
Opening up.

1.0248
If you are thinking long, I'd say wait for it to stablize after 5 PM EST. IMO
daddybearforex. com
  • #10,762
  • Oct 14, 2012 3:06pm Oct 14, 2012 3:06pm
Quoting moaf
China iron ore import at 20 (yeah 20 not 2) months high.
Commodities will blow up. That's a news not recent data.
CPI will be at low level. Forget about parity. Aussie in last 3 years was falling down 4 times. Always fast and masive move. Always not longer than 4 weeks ( it must be fast ucz of swaps) then recovery, faster or not but move will be up.
Hi moaf, I guess you are another Mama in this forum. What is your bullish short-term target?
daddybearforex. com
  • #10,763
  • Oct 14, 2012 3:19pm Oct 14, 2012 3:19pm
It's at the UDTL now. A big shooting star has formed in M5 chart. This is a sign of weakness IMO.
daddybearforex. com
  • #10,764
  • Oct 14, 2012 4:16pm Oct 14, 2012 4:16pm
Quoting DaddyBear
It's at the UDTL now. A big shooting star has formed in M5 chart. This is a sign of weakness IMO.
Seems to me, the China drug did not provide enough energy to push the Aussie higher. It was stuck right at the UDTL and floating around pivot for an hour. It might be the best trade of the day IMO.
daddybearforex. com
  • #10,765
  • Oct 14, 2012 4:17pm Oct 14, 2012 4:17pm
CNY CPi news in 4 hours i think will lift au to 1.03
  • #10,766
  • Oct 14, 2012 4:21pm Oct 14, 2012 4:21pm
Quoting DaddyBear
If you are thinking long, I'd say wait for it to stablize after 5 PM EST. IMO
There was a small loss, I took it.

But no new trades are taken.
Intraday only.
  • #10,767
  • Oct 14, 2012 4:31pm Oct 14, 2012 4:31pm
Quoting bonus76
CNY CPi news in 4 hours i think will lift au to 1.03
May be. But, it may have to drop some pips before that happens. IMO
daddybearforex. com
  • #10,768
  • Edited 5:01pm Oct 14, 2012 4:33pm | Edited 5:01pm
Quoting DaddyBear
May be. But, it may have to drop some pips before that happens. IMO
If I am not wrong, after this M5 candle, it may drop swiftly heading toward Friday low. IMO

Edit: M5 may have to changed to M30.
daddybearforex. com
  • #10,769
  • Oct 14, 2012 4:38pm Oct 14, 2012 4:38pm
Quoting DaddyBear
May be. But, it may have to drop some pips before that happens. IMO
here's what i see for a long time now and still flowing that way with some confirmation that we are still upward move from lows..pay attention to pink utl as target


Attached Image (click to enlarge)
Click to Enlarge Name: audusdpinkchannel.gif Size: 42 KB
Wooooohooooo or Boooooohooooo
  • #10,770
  • Oct 14, 2012 4:38pm Oct 14, 2012 4:38pm
Quoting DaddyBear
If I am not wrong, after this M5 candle, it may drop swiftly heading toward Friday low. IMO
The range may be set between the pivot and S1 at this point. S1 is between weekly 1.0209 and 61.8% retracement. It also close to the LDTL. That spot may provide some soft landing. IMO
daddybearforex. com
  • #10,771
  • Oct 14, 2012 4:40pm Oct 14, 2012 4:40pm
Quoting gnomoneey
here's what i see for a long time now and still flowing that way with some confirmation that we are still upward move from lows..pay attention to pink utl as target


Attachment
My concern is that the pink LTL was broken Friday. Current move could be a throwback.

Due to this fact, a 61.8% retracement or even a 100% correction cannot be ruled out at this point.
daddybearforex. com
  • #10,772
  • Oct 14, 2012 4:40pm Oct 14, 2012 4:40pm
Quoting DaddyBear
The range may be set between the pivot and S1 at this point. S1 is between weekly 1.0209 and 61.8% retracement. It also close to the LDTL. That spot may provide some soft landing. IMO
I think one may have to wait until china news.
Intraday only.
  • #10,773
  • Oct 14, 2012 4:44pm Oct 14, 2012 4:44pm
Quoting DaddyBear
My concern is that the pink LTL was broken Friday. Current move could be a throwback.

the upward move from bottom of 1.0145 has been respecting this channel...friday it has bounced this lower channel....
-stochs also bottomed out and rising now on the daily

let's just see what time will bring
Wooooohooooo or Boooooohooooo
  • #10,774
  • Oct 14, 2012 4:54pm Oct 14, 2012 4:54pm
Quoting DaddyBear
My concern is that the pink LTL was broken Friday. Current move could be a throwback.

Due to this fact, a 61.8% retracement or even a 100% correction cannot be ruled out at this point.
When looking at the daily chart, 50% retracement may be the line in the sand. As to CNY CPI, it may actually push the Aussie toward that line instead of pushing it up. How many good news can China fake in two days?
daddybearforex. com
  • #10,775
  • Oct 14, 2012 4:55pm Oct 14, 2012 4:55pm

But Papa I'm LONGGGGGGGGGGGGGG

  • #10,776
  • Oct 14, 2012 4:56pm Oct 14, 2012 4:56pm
Quoting DaddyBear
When looking at the daily chart, 50% retracement may be the line in the sand. As to CNY CPI, it may actually push the Aussie toward that line instead of pushing it up. How many good news can China fake in two days?
it is a communist country, they can go on forever
Wooooohooooo or Boooooohooooo
  • #10,777
  • Oct 14, 2012 5:00pm Oct 14, 2012 5:00pm
Quoting gnomoneey
the upward move from bottom of 1.0145 has been respecting this channel...friday it has bounced this lower channel....
-stochs also bottomed out and rising now on the daily

let's just see what time will bring
Although I am as bullish as you, the bears are not giving up so soon. There will be a tough fight before the Aussie can take off. The daily ADX indicates the bears still have upper hand at this point. The bulls may have run out their energy after one week struggle with the bears.
daddybearforex. com
  • #10,778
  • Oct 14, 2012 5:02pm Oct 14, 2012 5:02pm
Quoting Daytrader74

But Papa I'm LONGGGGGGGGGGGGGG

If you can keep solvent, you should be fine in the end.
daddybearforex. com
  • #10,779
  • Oct 14, 2012 5:03pm Oct 14, 2012 5:03pm
Quoting DaddyBear
Although I am as bullish as you, the bears are not giving up so soon. There will be a tough fight before the Aussie can take off. The daily ADX indicates the bears still have upper hand at this point. The bulls may have run out their energy after one week struggle with the bears.
AU needs to break or 1.0216 or 1.0280 for a clear direction
  • #10,780
  • Oct 14, 2012 5:03pm Oct 14, 2012 5:03pm
Quoting DaddyBear
Although I am as bullish as you, the bears are not giving up so soon. There will be a tough fight before the Aussie can take off. The daily ADX indicates the bears still have upper hand at this point. The bulls may have run out their energy after one week struggle with the bears.
my opinion is that it will channel upward and obey the 83 pips range of this channel.....but still upward for now
Wooooohooooo or Boooooohooooo
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