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Aussie Trading Room and Cartoons Gallery

  • #10,781
  • Oct 14, 2012 5:04pm Oct 14, 2012 5:04pm
Quoting DaddyBear
If you can keep solvent, you should be fine in the end.
I'm already in deep LONG Papa....help me Papa
  • #10,782
  • Oct 14, 2012 5:06pm Oct 14, 2012 5:06pm
Quoting gnomoneey
it is a communist country, they can go on forever
Unlike the advanced economies, China's CCP has had a very bad record of faking data. I highly suspect the news released yesterday. It was too good to be true.

Yes, CCP can keep it going. But anyone with a decent brain should be able to understand what they are doing. Paul may have the first hand information to share with us.
daddybearforex. com
  • #10,783
  • Oct 14, 2012 5:08pm Oct 14, 2012 5:08pm
Quoting Daytrader74
I'm already in deep LONG Papa....help me Papa
If you can hedge, do it now.
daddybearforex. com
  • #10,784
  • Oct 14, 2012 5:09pm Oct 14, 2012 5:09pm
Quoting DaddyBear
If you can hedge, do it now.
What is hedge Papa? is that like fudge??
  • #10,785
  • Oct 14, 2012 5:09pm Oct 14, 2012 5:09pm
Quoting DaddyBear
Unlike the advanced economies, China's CCP has had a very bad record of faking data. I highly suspect the news released yesterday. It was too good to be true.

Yes, CCP can keep it going. But anyone with a decent brain should be able to understand what they are doing. Paul may have the first hand information to share with us.
the key right now is who will devalue their currency enough to be able to kick start their economy....
print money starting lineup

japan
usa
euro
australia
china

Wooooohooooo or Boooooohooooo
  • #10,786
  • Oct 14, 2012 5:10pm Oct 14, 2012 5:10pm
Quoting gnomoneey
the key right now is who will devalue their currency enough to be able to kick start their economy....
print money starting lineup

japan
usa
euro
australia
china

aud is not printing money
  • #10,787
  • Oct 14, 2012 5:12pm Oct 14, 2012 5:12pm
Quoting bonus76
aud is not printing money
you are right i'm a few years too early...
Wooooohooooo or Boooooohooooo
  • #10,788
  • Oct 14, 2012 5:13pm Oct 14, 2012 5:13pm
Quoting gnomoneey
my opinion is that it will channel upward and obey the 83 pips range of this channel.....but still upward for now
Let me share with you my understanding of the EWP for this particular situation. Since 10/11, the Aussie has been in a correction mode. She is entering the wave-c of wave B. This was the reason, I faded the gap above the pivot.
daddybearforex. com
  • #10,789
  • Oct 14, 2012 5:15pm Oct 14, 2012 5:15pm
Quoting DaddyBear
Let me share with you my understanding of the EWP for this particular situation. Since 10/11, the Aussie has been in a correction mode. She is entering the wave-c of wave B. This was the reason, I faded the gap above the pivot.
Wave c of wave B ??? Papa I don't like surfing, please talk trading!!
  • #10,790
  • Edited 5:46pm Oct 14, 2012 5:16pm | Edited 5:46pm
Quoting Daytrader74
What is hedge Papa? is that like fudge??
If you have a non-US account, usually, you can hedge by entering short positions without closing your longs. Hedge is spelled H-E-D-G-E.
daddybearforex. com
  • #10,791
  • Oct 14, 2012 5:18pm Oct 14, 2012 5:18pm
Quoting DaddyBear
Let me share with you my understanding of the EWP for this particular situation. Since 10/11, the Aussie has been in a correction mode. She is entering the wave-c of wave-C of wave B. This was the reason, I faded the gap above the pivot.
ok i take your word as im not good with ewp

i just know we have range of 83 pips but its upward for now....
my opinion and view is for at least this week and again only time will tell

which pivot are we talking about...value and type of pivot?
cant recall your call for this pivot..sorry
Wooooohooooo or Boooooohooooo
  • #10,792
  • Oct 14, 2012 5:18pm Oct 14, 2012 5:18pm
Quoting Daytrader74
Wave c of wave B ??? Papa I don't like surfing, please talk trading!!
I am talking about trading. The EWP is the holy grail of Forex trading. Without it, it's hard to beat big boys. IMO
daddybearforex. com
  • #10,793
  • Oct 14, 2012 5:22pm Oct 14, 2012 5:22pm
Quoting DaddyBear
Let me share with you my understanding of the EWP for this particular situation. Since 10/11, the Aussie has been in a correction mode. She is entering the wave-c of wave B. This was the reason, I faded the gap above the pivot.
This could be a 150 pips rundown. I have watched the Aussie closely every day. She has a behavior to unfold her patterns in certain ways. I believe other major pairs have the same DNA as well.
daddybearforex. com
  • #10,794
  • Oct 14, 2012 5:25pm Oct 14, 2012 5:25pm
Quoting DaddyBear
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.
The swift drop has occurred since about 30 minutes ago.
daddybearforex. com
  • #10,795
  • Edited 5:46pm Oct 14, 2012 5:26pm | Edited 5:46pm
Quoting gnomoneey
ok i take your word as im not good with ewp

i just know we have range of 83 pips but its upward for now....
my opinion and view is for at least this week and again only time will tell

which pivot are we talking about...value and type of pivot?
cant recall your call for this pivot..sorry
Daily Pivot: 1.02476
daddybearforex. com
  • #10,796
  • Oct 14, 2012 5:27pm Oct 14, 2012 5:27pm
Quoting DaddyBear
Pivot: 1.02476
Actually, I faded the gap very close to the UDTL.
daddybearforex. com
  • #10,797
  • Oct 14, 2012 5:32pm Oct 14, 2012 5:32pm
At this point, M5, M15, H1 and D1 all have upward DMIM except H4. This is like a V-5 engine with 4 cylinders running. This should be powerful enough to move the Aussie.
daddybearforex. com
  • #10,798
  • Oct 14, 2012 5:40pm Oct 14, 2012 5:40pm
The Aussie is taking a break now. She may retest the UDTL or the pivot again. This is highly possible. DT, you may want to hedge your long positions when it reaches the second top later.
daddybearforex. com
  • #10,799
  • Oct 14, 2012 5:45pm Oct 14, 2012 5:45pm
Quoting DaddyBear
The Aussie is taking a break now. She may retest the UDTL or the pivot again. This is highly possible. DT, you may want to hedge your long positions when it reaches the second top later.
Which one is the second top Papa?
  • #10,800
  • Oct 14, 2012 5:49pm Oct 14, 2012 5:49pm
Quoting Daytrader74
Which one is the second top Papa?
The second top may be higher than the first one or lower. I cannot pin point the level. It may not happen at all.
daddybearforex. com
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