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  • #10,921
  • Oct 16, 2012 10:38pm Oct 16, 2012 10:38pm
Quoting gnomoneey
sorry i just cut and pasted this from my post on luis carlos' thread....i know you are currently bullish like myself when everyone was short....

i've been posting this hs since the head was going down and now we are on right shoulder on the way up...
You do realize that everyone here is now bullish, right?^^

I'm just saying that.... perhaps this is an instance when you've joined the gang rather than went against it@@

I am short - if only because of the overwhelming bullish sentiment - shorting till 1.015
  • #10,922
  • Oct 17, 2012 1:25am Oct 17, 2012 1:25am
I'm not interested in shouting bear in bull for 3 months up ahead, but I do know that at least a retracement is due. Only than we can see real bullish train. If... remains to be seen.AUDUSD is at massive resistance NOT YET broken and is showing signs of potential bearish divergence. ATM, really short term, some pips are perhaps in on long, mid term I'm still short.BR
  • #10,923
  • Oct 17, 2012 4:00am Oct 17, 2012 4:00am
Quoting maximmm
You do realize that everyone here is now bullish, right?^^

I'm just saying that.... perhaps this is an instance when you've joined the gang rather than went against it@@

I am short - if only because of the overwhelming bullish sentiment - shorting till 1.015
bro,

before you speak you should take a look at my history with this pair....
Wooooohooooo or Boooooohooooo
  • #10,924
  • Oct 17, 2012 6:54am Oct 17, 2012 6:54am
Currently short from 1.0335...

Was looking for a bounce from 1.0330/1.0340 area... Hopefully NY favours this...
  • #10,925
  • Oct 17, 2012 6:55am Oct 17, 2012 6:55am
Quoting Freshpips
Currently short from 1.0335...

Was looking for a bounce from 1.0330/1.0340 area... Hopefully NY favours this...

Proved strong on H4 over last 6 weeks..
  • #10,926
  • Oct 17, 2012 6:55am Oct 17, 2012 6:55am
Quoting maximmm
You do realize that everyone here is now bullish, right?^^

I'm just saying that.... perhaps this is an instance when you've joined the gang rather than went against it@@

I am short - if only because of the overwhelming bullish sentiment - shorting till 1.015
Did you short below 1.03? If so, you are in the deep water now.
daddybearforex. com
  • #10,927
  • Oct 17, 2012 6:58am Oct 17, 2012 6:58am
Quoting Freshpips
Proved strong on H4 over last 6 weeks..
What did you mean "Proved strong on H4."? Strong bullish or bearish?
daddybearforex. com
  • #10,928
  • Oct 17, 2012 7:02am Oct 17, 2012 7:02am
Quoting DaddyBear
Did you short below 1.03? If so, you are in the deep water now.
a full h4 candle close above or below 1.0340 will confirm direction in next few days....

but for now my is now +80 from sunday sl 1.03

http://www.forexfactory.com/images/icons/icon1.gif myview for oct15 week
xau.usd a break and close on daily 1745 or below will be bearish otherwise up

aud.nzd buy 1.2525 tp 1.2614 triggered

aud.usd buy 1.0230 tp 1.0406

eur.aud sell 1.2662 tp 1.2507


for now after looking at the charts
Wooooohooooo or Boooooohooooo
  • #10,929
  • Oct 17, 2012 7:03am Oct 17, 2012 7:03am
Quoting maximmm
You do realize that everyone here is now bullish, right?^^

I'm just saying that.... perhaps this is an instance when you've joined the gang rather than went against it@@

I am short - if only because of the overwhelming bullish sentiment - shorting till 1.015
In the Forex market, constantly changing one's view according to the unfolding waves is a must. There is nothing wrong to switch sides at any time. It depends on the TF the trader is focusing on and his/her trading method.
daddybearforex. com
  • #10,930
  • Oct 17, 2012 7:09am Oct 17, 2012 7:09am
Quoting DaddyBear
What did you mean "Proved strong on H4."? Strong bullish or bearish?

What I mean is that if you pull up a 4H chart you'll see some pretty strong rejections/bounces from this area. 11/9, 26/9, 1/10 before breaking through on 2/10.

Just making an observation pal.
  • #10,931
  • Oct 17, 2012 7:13am Oct 17, 2012 7:13am
Quoting DaddyBear
The Aussie may be ready to break the daily channel.
Since daily channel was broken last night, the bias is bullish now. But, shorting is still possible and profitable.

I am looking for a decent retracement from this level.
daddybearforex. com
  • #10,932
  • Oct 17, 2012 7:28am Oct 17, 2012 7:28am
Quoting DaddyBear
Since daily channel was broken last night, the bias is bullish now. But, shorting is still possible and profitable.

I am looking for a decent retracement from this level.
The Aussie shall be able to move higher. The recent run-up was a prelude of a major move ahead. But, before continuing a northbound move, a consolidation is needed. IMO
daddybearforex. com
  • #10,933
  • Oct 17, 2012 7:38am Oct 17, 2012 7:38am
Quoting DaddyBear
Actually I should not say a new high. It may be lower than the high on 07/31/11. But, sometimes wave B is longer than wave A. So, it is still possible that the end of the wave C exceeds the previous high. IMO
http://www.forexfactory.com/attachme...1&d=1350142493
I posted this on 10/13. This is my road map.
daddybearforex. com
  • #10,934
  • Oct 17, 2012 8:16am Oct 17, 2012 8:16am
Quoting foxybunny
My own simple EW spin on A/U H1, may not correlate to "normal" EW count.

Basically A/U been sticking in my Demand Zone 2: 1.0160 - 1.0220 for around 7-days from 3-Oct thru 11-Oct.

This show all the Bear talk so far not in force during this period.

It has been just a Sideway consolidation since 2-Oct RBA Rate, as expected.

Perhaps a case is building for a sneak-in-Long.

There is a Supply Zone 1.0350 - 1.0400 to watch out.

My other chart still showing my Old Fib from 4-Sep, and it is just playing within 0% (1.0166) thru 23.6%...

About 1 week later, after going nowhere much, A/U H1 price came to my EW count of (c) 1.0357.

It would have been a good sneak-in-Long.

Price was updated, my EW count not updated.

That was my Early Warning Signal, if only I listen to my own early signal.

Picture Perfect for now.
Where will it go next ??


Attached Image (click to enlarge)
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  • #10,935
  • Oct 17, 2012 8:29am Oct 17, 2012 8:29am
The Aussie may not complete her up move yet. Hitting 1.0380 is possible today. IMO
daddybearforex. com
  • #10,936
  • Oct 17, 2012 10:45am Oct 17, 2012 10:45am
Quoting DaddyBear
The Aussie may not complete her up move yet. Hitting 1.0380 is possible today. IMO
DB nothing goes up in a straight line. But 1.04 is in sight then 1.042 where it might turn back if not down then 1.08 as per my pivot charts
Wooooohooooo or Boooooohooooo
  • #10,937
  • Oct 17, 2012 10:50am Oct 17, 2012 10:50am
Soooooooo... Coming back to eat some crow. My parity prediction isn't looking so good now. On the plus side, I wasn't short... Actually, I've been flat for some time now.
  • #10,938
  • Oct 17, 2012 11:07am Oct 17, 2012 11:07am
Got a question for any pa guys out there... In the chart below, I have two 3 candle sets circled. What I'm wondering is, first, is this usually a good setup for a long? And second, how often does this kind of setup occur? I've read that it works well with a morning star.. But this isn't really a morning star type setup.

Thoughts?
Attached Image (click to enlarge)
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  • #10,939
  • Oct 17, 2012 11:19am Oct 17, 2012 11:19am
Quoting Nate04
Soooooooo... Coming back to eat some crow. My parity prediction isn't looking so good now. On the plus side, I wasn't short... Actually, I've been flat for some time now.
Nate,

Parity is not in picture in the next few weeks or months if 1.042x is acheived
Take a look at my chart that i posted from last night, there's a high probability that parity will come and also 1.08.
Wooooohooooo or Boooooohooooo
  • #10,940
  • Oct 17, 2012 11:28am Oct 17, 2012 11:28am
Quoting Nate04
Got a question for any pa guys out there... In the chart below, I have two 3 candle sets circled. What I'm wondering is, first, is this usually a good setup for a long? And second, how often does this kind of setup occur? I've read that it works well with a morning star.. But this isn't really a morning star type setup.

Thoughts?

Rather than just those 2 sets, have you look for more of those setups at the past for A/U and other currencies, then you can answer your own question, and learn more that way by sharing your further observations.

Actually what you shown is good pattern for further checks to confirm if this pattern occur enough for an entry.
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