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  • #10,941
  • Oct 17, 2012 11:53am Oct 17, 2012 11:53am
Quoting DaddyBear
The Aussie may not complete her up move yet. Hitting 1.0380 is possible today. IMO
The daily high was 1.03844. I think it is the top for today. IMO
daddybearforex. com
  • #10,942
  • Oct 17, 2012 11:56am Oct 17, 2012 11:56am
Quoting DaddyBear
The daily high was 1.03844. I think it is the top for today. IMO
There was an ending diagonal formed after reaching 1.03844.
daddybearforex. com
  • #10,943
  • Oct 17, 2012 11:57am Oct 17, 2012 11:57am
Looking for short tomorrow if we reject on today close high
If there was easy money lying around,no one would be forcing it into your
  • #10,944
  • Oct 17, 2012 12:38pm Oct 17, 2012 12:38pm
Quoting FXMindset
Looking for short tomorrow if we reject on today close high
Why not short today?
daddybearforex. com
  • #10,945
  • Oct 17, 2012 12:59pm Oct 17, 2012 12:59pm
Quoting DaddyBear
Why not short today?
need confirmation sir DB and also am not short on this hours...I have time for every setup
If there was easy money lying around,no one would be forcing it into your
  • #10,946
  • Oct 17, 2012 5:21pm Oct 17, 2012 5:21pm
Now, I see a possibility that the Aussie moves toward 1.01xx. IMO
daddybearforex. com
  • #10,947
  • Oct 17, 2012 5:23pm Oct 17, 2012 5:23pm
Quoting DaddyBear
Now, I see a possibility that the Aussie moves toward 1.01xx. IMO

Hey DB, are you assuming bad chinese data?
  • #10,948
  • Oct 17, 2012 5:42pm Oct 17, 2012 5:42pm
Quoting Freshpips
Hey DB, are you assuming bad chinese data?
FP, not really. My view is based on the EWP. The last down wave was wave-C. But, it is too short and without a finale. There shall be a retest of the previous low before everything is done.

The Chinese GDP may be the catalyst to make this scenario fulfilled. IMO
daddybearforex. com
  • #10,949
  • Oct 17, 2012 5:45pm Oct 17, 2012 5:45pm
Quoting DaddyBear
FP, not really. My view is based on the EWP. The last down wave was wave-C. But, it is too short and without a finale. There shall be a retest of the previous low before everything is done.

The Chinese GDP may be the catalyst to make this scenario fulfilled. IMO
Also, the previous daily low did not touch the LTL. This means the Aussie has an unfinished business. IMO, touching the channel is a mandate to the Aussie.
daddybearforex. com
  • #10,950
  • Oct 17, 2012 5:46pm Oct 17, 2012 5:46pm
Quoting Freshpips
Hey DB, are you assuming bad chinese data?
BTW, do you think CNY GDP is going to be good or bad?
daddybearforex. com
  • #10,951
  • Oct 17, 2012 5:53pm Oct 17, 2012 5:53pm
trade balances were good.. does it mean GDP will be good too???



Quoting DaddyBear
BTW, do you think CNY GDP is going to be good or bad?
  • #10,952
  • Oct 17, 2012 5:57pm Oct 17, 2012 5:57pm
Quoting DaddyBear
BTW, do you think CNY GDP is going to be good or bad?

Cheers DB, I havent yet mastered, or even fully learned EWP. Next on my list.

I would think the data would be bad, in which case should back up your theory of au dropping. And like you say, 1.015x/1.017x have held up so maybe another bounce from there...

But to be honest, dont know enough about the chinese economy to have a valid, solid reason for thinking this so I am firmly on the sidelines...
  • #10,953
  • Oct 17, 2012 6:13pm Oct 17, 2012 6:13pm
Quoting HelloOz
trade balances were good.. does it mean GDP will be good too???
I believe the trade balances were monthly data. GDP is quarterly data. One good month may not be enough to offset previous bad months. IMO
daddybearforex. com
  • #10,954
  • Oct 17, 2012 6:17pm Oct 17, 2012 6:17pm
i thought August trade was also better than forecast?
Only July was lower than forecast..



Quoting DaddyBear
I believe the trade balances were monthly data. GDP is quarterly data. One good month may not be enough to offset previous bad months. IMO
  • #10,955
  • Oct 17, 2012 6:27pm Oct 17, 2012 6:27pm
just checked previous data,

i guess i was wrong,
better trade data than forecast doesnt mean better GDP..




Quoting HelloOz
i thought August trade was also better than forecast?
Only July was lower than forecast..
  • #10,956
  • Oct 17, 2012 8:19pm Oct 17, 2012 8:19pm
Quoting HelloOz
just checked previous data,

i guess i was wrong,
better trade data than forecast doesnt mean better GDP..
Agree. That was what I thought.
daddybearforex. com
  • #10,957
  • Oct 17, 2012 8:50pm Oct 17, 2012 8:50pm
ok in aud.nzd buy 1.2635 tp 1.2760
- consolidation done now





thanks,

G Attached Thumbnails http://www.forexfactory.com/attachme...1&d=1350524910 (http://www.forexfactory.com/attachment.php?attachmentid=1060482&d=1350524910)
Wooooohooooo or Boooooohooooo
  • #10,958
  • Oct 17, 2012 9:23pm Oct 17, 2012 9:23pm
hello DB and all,in my view daily its not over yet to going down,still expecting another spike at 1.04xx..see you guys and trade well
  • #10,959
  • Oct 17, 2012 9:36pm Oct 17, 2012 9:36pm
Quoting aqeelaputra
hello DB and all,in my view daily its not over yet to going down,still expecting another spike at 1.04xx..see you guys and trade well
after touch 1.04xx and next is 1.02xx
  • #10,960
  • Oct 17, 2012 9:38pm Oct 17, 2012 9:38pm
The pop to 1.0395 was due to in line China GDP data. Don't know who bought at 1.0395. The guy must be an ultra-Bull.
daddybearforex. com
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