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Aussie Trading Room and Cartoons Gallery

  • #10,881
  • Oct 16, 2012 11:04am Oct 16, 2012 11:04am
From this point, the Aussie may drop like a rock. IMO
daddybearforex. com
  • #10,882
  • Oct 16, 2012 11:06am Oct 16, 2012 11:06am
Quoting DaddyBear
But, My view is after this down trip, the Aussie will move up again.
I'm still thinking parity is the horizon... But then again, I've been wrong so many times I can't even keep count anymore.... Guess we'll see if it breaks below 1.0165ish.
  • #10,883
  • Oct 16, 2012 11:23am Oct 16, 2012 11:23am
Quoting Nate04
I'm still thinking parity is the horizon... But then again, I've been wrong so many times I can't even keep count anymore.... Guess we'll see if it breaks below 1.0165ish.
Before the dust settles, any scenarios can be imaged. This is the reason we are here. Unlike some people came over this forum and criticized someone's "analysis" was wrong with a after the fact chart to prove he was right.

I like what we are discussing here. Others' opinions are counterweights of my thinking.
daddybearforex. com
  • #10,884
  • Oct 16, 2012 11:29am Oct 16, 2012 11:29am
Quoting Nate04
I'm still thinking parity is the horizon... But then again, I've been wrong so many times I can't even keep count anymore.... Guess we'll see if it breaks below 1.0165ish.
As to going to parity, I wouldn't think she will go that far based on my daily ADX reading.

Although shorting the Aussie now, I am watchful. I don't want to be horned by the bulls.
daddybearforex. com
  • #10,885
  • Oct 16, 2012 11:42am Oct 16, 2012 11:42am
Quoting Pair-me-up
Well, historically Taiwan isn't a part of China, when the R.O.C. government fled to Taiwan they set up their government here. And the name of the island from hundreds of years ago was called Pakan.. it also, had the nick name formosa from the Portugese.

Also, on all official government documents here, it has the Republic of China. but the People's Republic of China doesn't like that.

Kind of like two Korea(s).

But in this case.. One democratic China and one Communist China.

Also, the KMT is the name of a political party. There are a...
Are there many people trading the Forex like you in Taiwan?
daddybearforex. com
  • #10,886
  • Oct 16, 2012 11:58am Oct 16, 2012 11:58am
The bulls were building a gargoyle for the Bear to take a shower.

http://www.forexfactory.com/attachme...1&d=1344474041
daddybearforex. com
  • #10,887
  • Oct 16, 2012 12:37pm Oct 16, 2012 12:37pm
Looking at the charts carefully, seems to me, the Aussie is going to move up again. IMO
daddybearforex. com
  • #10,888
  • Oct 16, 2012 1:41pm Oct 16, 2012 1:41pm
no its a 4hr chart at around 0800 BST. my system says 4hr up, daily down, weekly up

the "snake" is a smoothed heiken ashi indicator: blue = trend up, white = trend down

next chart is daily

Quoting DaddyBear
I assume your chart is a daily close line. Could you post your insight?
Attached Image (click to enlarge)
Click to Enlarge Name: au.jpg Size: 54 KB
  • #10,889
  • Oct 16, 2012 1:43pm Oct 16, 2012 1:43pm
finally weekly
Attached Image (click to enlarge)
Click to Enlarge Name: au2.jpg Size: 54 KB
  • #10,890
  • Oct 16, 2012 2:10pm Oct 16, 2012 2:10pm
Quoting chacha
no its a 4hr chart at around 0800 BST. my system says 4hr up, daily down, weekly up

the "snake" is a smoothed heiken ashi indicator: blue = trend up, white = trend down

next chart is daily
Are you long now?
daddybearforex. com
  • #10,891
  • Oct 16, 2012 2:36pm Oct 16, 2012 2:36pm
Quoting DaddyBear
Looking at the charts carefully, seems to me, the Aussie is going to move up again. IMO
The Aussie may be ready to break the daily channel.
daddybearforex. com
  • #10,892
  • Oct 16, 2012 2:38pm Oct 16, 2012 2:38pm
Quoting DaddyBear
The Aussie may be ready to break the daily channel.
Since there is no news tonight, the movement may be smother.
Attached Image (click to enlarge)
Click to Enlarge Name: FOUNDATION-4.JPG Size: 42 KB
daddybearforex. com
  • #10,893
  • Oct 16, 2012 2:47pm Oct 16, 2012 2:47pm
Quoting DaddyBear
The Aussie may be ready to break the daily channel.
If the Aussie breaks this channel, my EW count will have higher probability to occur.

http://www.forexfactory.com/attachme...1&d=1349317469
daddybearforex. com
  • #10,894
  • Oct 16, 2012 2:48pm Oct 16, 2012 2:48pm
Quoting DaddyBear
The Aussie may be ready to break the daily channel.
Based on daily ADX (13), the probability is very high if not 100%. IMO
daddybearforex. com
  • #10,895
  • Oct 16, 2012 2:51pm Oct 16, 2012 2:51pm
Quoting DaddyBear
Based on daily ADX (13), the probability is very high if not 100%. IMO
However, H4 channel must be broken first before reaching daily channel. H4 channel is about 1.0275.
daddybearforex. com
  • #10,896
  • Oct 16, 2012 2:53pm Oct 16, 2012 2:53pm
Quoting DaddyBear
However, H4 channel must be broken first before reaching daily channel. H4 channel is about 1.0275.
And, the daily channel is 1.0283. So actually, both H4 and daily are within striking distance. This makes the probability close to 100%.
daddybearforex. com
  • #10,897
  • Oct 16, 2012 2:54pm Oct 16, 2012 2:54pm
Quoting DaddyBear
And, the daily channel is 1.0283. So actually, both H4 and daily are within striking distance. This makes the probability close to 100%.
After the break, a thrust may occur based on the pattern.
daddybearforex. com
  • #10,898
  • Oct 16, 2012 2:55pm Oct 16, 2012 2:55pm
Quoting DaddyBear
After the break, a thrust may occur based on the pattern.
Now the Aussie is crossing the H4 border heading to D1 UTL.
daddybearforex. com
  • #10,899
  • Oct 16, 2012 2:56pm Oct 16, 2012 2:56pm
Quoting DaddyBear
After the break, a thrust may occur based on the pattern.
This thrust shall be powerful enough to break the D1 UTL.
daddybearforex. com
  • #10,900
  • Oct 16, 2012 3:01pm Oct 16, 2012 3:01pm
At this point, the ADX of all charts indicate a northbound movement.
daddybearforex. com
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