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Aussie Trading Room and Cartoons Gallery

  • #10,981
  • Oct 18, 2012 6:58am Oct 18, 2012 6:58am
Quoting DaddyBear
Why? Any reasons?

Its 61.8% fibo from 1.0623 - 1.0150. Also for anyone shorting with stops a little over 1.04 would get eaten up. Then when the masses think this would be a continuation of a bull run and go long, along comes the drop...

Just a theory.
  • #10,982
  • Oct 18, 2012 7:01am Oct 18, 2012 7:01am
Quoting Freshpips
Its 61.8% fibo from 1.0623 - 1.0150. Also for anyone shorting with stops a little over 1.04 would get eaten up. Then when the masses think this would be a continuation of a bull run and go long, along comes the drop...

Just a theory.
IMO, it will be tested when the Aussie is bounced off from 1.00xx. The test will be passed.
daddybearforex. com
  • #10,983
  • Oct 18, 2012 7:11am Oct 18, 2012 7:11am
Attached Image


GBP/AUD is giving a long signal on the daily chart. Rather than concentrating on AUD/USD it's worth keeping an eye on Sterling-Aussie.
  • #10,984
  • Oct 18, 2012 7:12am Oct 18, 2012 7:12am
The MA's I am using is 55,100 and 200. The fact I will pay interest does not bother me as I am targeting over 400 pips in a fair period of time
  • #10,985
  • Oct 18, 2012 7:20am Oct 18, 2012 7:20am
Quoting Roberto99
Attachment

GBP/AUD is giving a long signal on the daily chart. Rather than concentrating on AUD/USD it's worth keeping an eye on Sterling-Aussie.
Based on the chart, it will drop one more bar/wave before moving up. IMO
daddybearforex. com
  • #10,986
  • Oct 18, 2012 7:22am Oct 18, 2012 7:22am
Quoting Roberto99
The MA's I am using is 55,100 and 200. The fact I will pay interest does not bother me as I am targeting over 400 pips in a fair period of time
Is the spread acceptable?
daddybearforex. com
  • #10,987
  • Oct 18, 2012 7:31am Oct 18, 2012 7:31am
Quoting DaddyBear
Is the spread acceptable?

I got 10 pip spread on mine... Not ideal but the type of size gains hes talking about its a drop in the ocean!
  • #10,988
  • Oct 18, 2012 7:36am Oct 18, 2012 7:36am
Quoting Freshpips
I got 10 pip spread on mine... Not ideal but the type of size gains hes talking about its a drop in the ocean!
Are you kidding? Any spread more than 2.5 pips is a taboo to me.
daddybearforex. com
  • #10,989
  • Oct 18, 2012 8:05am Oct 18, 2012 8:05am
Quoting DaddyBear
Are you kidding? Any spread more than 2.5 pips is a taboo to me.
Takes the p*ss, I know...

Majors are between 1.8-3 pips which is what i usually stick to.

I trade euraud sometimes and thats 8 pips
  • #10,990
  • Oct 18, 2012 8:07am Oct 18, 2012 8:07am
EUR/AUD is usually better spreadwise. 2.3 ATM vs. GBP/AUD 4.4 on Oanda.
TEN pips, daylight robbery!! They must have already added the Robin Hood tax

Quoting Freshpips
I got 10 pip spread on mine... Not ideal but the type of size gains hes talking about its a drop in the ocean!
forget about tomorrow, just steal away into the night
  • #10,991
  • Oct 18, 2012 8:39am Oct 18, 2012 8:39am
This could be the next scenario.



http://www.forexfactory.com/attachme...1&d=1344448158
daddybearforex. com
  • #10,992
  • Oct 18, 2012 9:33am Oct 18, 2012 9:33am
Quoting DaddyBear
Are you kidding? Any spread more than 2.5 pips is a taboo to me.
AUD/JPY already gave a sell signal as well. GBP/AUD on the 4hr chart gave a long signal so I am uncertain how much it will already drop. The spread is higher but you can easily cover it due to the price action. The spread is irrelvant, it's all about the size of the stop.

You better off with a 40 pips stop in GBP/AUD than 90 pips stop in EUR/USD. Think about it for a moment...
  • #10,993
  • Oct 18, 2012 11:43am Oct 18, 2012 11:43am
Roller Coaster Time!
Attached Image
daddybearforex. com
  • #10,994
  • Oct 18, 2012 11:55am Oct 18, 2012 11:55am
Quoting DaddyBear
Roller Coaster Time!
Looks like all the bears are coming out.
daddybearforex. com
  • #10,995
  • Oct 18, 2012 12:04pm Oct 18, 2012 12:04pm
Quoting DaddyBear
Looks like all the bears are coming out.
This was one of the cartoons I posted in the beginning. History repeats itself. The only difference is 1.01 Ht. should be 1.04 Ht.
Attached Image (click to enlarge)
Click to Enlarge Name: 1.01 HEIGHT.JPG Size: 85 KB
daddybearforex. com
  • #10,996
  • Oct 18, 2012 12:10pm Oct 18, 2012 12:10pm
The last run-up was so powerful. It should be the finale of the wave C. looks like a firework. Don't know who bought at the top of the firework. This puzzles me all the time. Who would come at the end of the party?
daddybearforex. com
  • #10,997
  • Oct 18, 2012 12:15pm Oct 18, 2012 12:15pm
Quoting DaddyBear
The last run-up was so powerful. It should be the finale of the wave C. looks like a firework. Don't know who bought at the top of the firework. This puzzles me all the time. Who would come at the end of the party?
The top of the firework was the inflection point. From there, we have entered Bear Country.
Attached Image (click to enlarge)
Click to Enlarge Name: BACK-3.JPG Size: 72 KB
daddybearforex. com
  • #10,998
  • Oct 18, 2012 12:18pm Oct 18, 2012 12:18pm
Quoting DaddyBear
The top of the firework was the inflection point. From there, we have entered Bear Country.
The Bear always rings twice. One in the morning and the second one in the afternoon.
Attached Image
daddybearforex. com
  • #10,999
  • Oct 18, 2012 12:21pm Oct 18, 2012 12:21pm
Dont be so hasty, it might bounce off that tiny trendline off 103584.
  • #11,000
  • Oct 18, 2012 12:23pm Oct 18, 2012 12:23pm
Quoting Iro
Dont be so hasty, it might bounce off that tiny trendline off 103584.
Iro, can you post that TL?
daddybearforex. com
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