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Aussie Trading Room and Cartoons Gallery

  • #11,141
  • Oct 21, 2012 1:21pm Oct 21, 2012 1:21pm
Quoting DaddyBear
The Aussie's Next moves are going to be the puzzles for the Bulls during next week.
The first puzzle:

Is it going to gap down?
Attached Image
daddybearforex. com
  • #11,142
  • Oct 21, 2012 1:35pm Oct 21, 2012 1:35pm
Quoting DaddyBear
I am a wave trader. I have merged EWP and ADX to form a non-conventional trading concept.

http://www.forexfactory.com/attachme...1&d=1350800426
The reason I don't use the stock indicators because everybody sees what I see. Customized indicator let me see the trend sooner than other people including big boys. Sometimes, I see something invisible to others.

By doing so, I stay ahead of the curve and gain certain edge in the market.
daddybearforex. com
  • #11,143
  • Oct 21, 2012 1:52pm Oct 21, 2012 1:52pm
Quoting DaddyBear
The first puzzle:

Is it going to gap down?
Current Rate: 06/16
daddybearforex. com
  • #11,144
  • Oct 21, 2012 1:53pm Oct 21, 2012 1:53pm
Quoting DaddyBear
The first puzzle:

Is it going to gap down?
This puzzle is solved.

next puzzle: How low will the Aussie go?

http://www.forexfactory.com/attachme...1&d=1350843695
daddybearforex. com
  • #11,145
  • Oct 21, 2012 1:55pm Oct 21, 2012 1:55pm
Quoting DaddyBear
This puzzle is solved.

next puzzle: How low will the Aussie go?

http://www.forexfactory.com/attachme...1&d=1350843695
My projection was 1.0304. Let me see what happens.
daddybearforex. com
  • #11,146
  • Oct 21, 2012 2:03pm Oct 21, 2012 2:03pm
Quoting DaddyBear
Current Rate: 06/16
It was 04/14. Let me see if it holds. Now, 05/15.
daddybearforex. com
  • #11,147
  • Oct 21, 2012 2:04pm Oct 21, 2012 2:04pm
Quoting DaddyBear
It was 04/14. Let me see if it holds. Now, 05/15.
The spread is 10 pips now. No reason to donate money to the brokers at this wide spread.
daddybearforex. com
  • #11,148
  • Oct 21, 2012 2:07pm Oct 21, 2012 2:07pm
Quoting DaddyBear
The spread is 10 pips now. No reason to donate money to the brokers at this wide spread.
Although it gaped down but M15 ADX says otherwise. Now, 04/14 again.
daddybearforex. com
  • #11,149
  • Edited 2:20pm Oct 21, 2012 2:08pm | Edited 2:20pm
Quoting DaddyBear
Although it gaped down but M15 ADX says otherwise. Now, 04/14 again.
What I am thinking is that an ADX divergence is forming. A bounce off may be in the cards. IMO
daddybearforex. com
  • #11,150
  • Oct 21, 2012 2:11pm Oct 21, 2012 2:11pm
Quoting DaddyBear
My projection was 1.0304. Let me see what happens.
If 1.0304 holds, the next puzzle would be how high it is going to bounce to.

http://www.forexfactory.com/attachme...1&d=1350843695
daddybearforex. com
  • #11,151
  • Oct 21, 2012 2:12pm Oct 21, 2012 2:12pm
Quoting DaddyBear
If 1.0304 holds, the next puzzle would be how high it is going to bounce to.

http://www.forexfactory.com/attachme...1&d=1350843695
This chart was posted earlier today. It shall provide some clues.

http://www.forexfactory.com/attachme...1&d=1350836628
daddybearforex. com
  • #11,152
  • Oct 21, 2012 2:15pm Oct 21, 2012 2:15pm
Quoting DaddyBear
This chart was posted earlier today. It shall provide some clues.

http://www.forexfactory.com/attachme...1&d=1350836628
There will be a second chance to get in if long positions are desired. Right now the dust has not settled.
daddybearforex. com
  • #11,153
  • Oct 21, 2012 2:16pm Oct 21, 2012 2:16pm
Quoting DaddyBear
My projection was 1.0304. Let me see what happens.
Looks like 1.0304 was hit precisely so far.

http://www.forexfactory.com/attachme...1&d=1350843695
daddybearforex. com
  • #11,154
  • Oct 21, 2012 2:18pm Oct 21, 2012 2:18pm
Quoting DaddyBear
If 1.0304 holds, the next puzzle would be how high it is going to bounce to.

http://www.forexfactory.com/attachme...1&d=1350843695
Now, 10/20. 1.0304 would be a reference point - FIB 0.00%.
daddybearforex. com
  • #11,155
  • Oct 21, 2012 2:21pm Oct 21, 2012 2:21pm
Quoting DaddyBear
Now, 10/20. 1.0304 would be a reference point - FIB 0.00%.
Moving higher away from FIB 0.00%. Now, 13/23.
daddybearforex. com
  • #11,156
  • Oct 21, 2012 2:25pm Oct 21, 2012 2:25pm
Quoting DaddyBear
After the market closed, the pattern became clear. The Aussie will move down then move up when market opens on Sunday night. Monday could be a Doji day. After that the Aussie shall be heading to 1.01xx. IMO
This was posted 40 hours ago. The moving down was fulfilled. Moving up would be the possible next scenario. The tough part is to project the height of the bounce. Anyone?
daddybearforex. com
  • #11,157
  • Oct 21, 2012 2:32pm Oct 21, 2012 2:32pm
Quoting DaddyBear
This was posted 40 hours ago. The moving down was fulfilled. Moving up would be the possible next scenario. The tough part is to project the height of the bounce. Anyone?
I know a lot of "experts" are mentoring the newbies as to how to trade the Forex. All they teach are cliche textbook contents. None of them are teaching the newbies something really useful because they don't know that the trading is an art. An art cannot be taught. An art cannot be learned. The technical part may be able to mimic but the art of trading itself must be realized through some mind wrenching experience.
daddybearforex. com
  • #11,158
  • Oct 21, 2012 2:35pm Oct 21, 2012 2:35pm
Quoting DaddyBear
I know a lot of "experts" are mentoring the newbies as to how to trade the Forex. All they teach are cliche textbook contents. None of them are teaching the newbies something really useful because they don't know that the trading is an art. An art cannot be taught. An art cannot be learned. The technical part may be able to mimic but the art of trading itself must be realized through some mind wrenching experience.
This is my advice to the newbies. Don't spend your hard earned money on those mentors. Don't buy any expensive DVDs. Use those money in your live trades. When losing the money, the pain will hit you hard and wake up your mind. Don't back off but keep fighting on.

Edit: Buy good books only and study them until your butt off.
daddybearforex. com
  • #11,159
  • Oct 21, 2012 2:41pm Oct 21, 2012 2:41pm
Quoting DaddyBear
This is my advice to the newbies. Don't spend your hard earned money on those mentors. Don't buy any expensive DVDs. Use those money in your live trades. When losing the money, the pain will hit you hard and wake up your mind. Don't back off but keep fighting on.
If you cannot take the pain of losing money then this is not the business you can fit in. If losing money teaches you something then it is well spent. Just think those money is the tuition you paid. You would feel better this way.

In the Forex jungle, a map is essential. don't trade the market without a Forex map!
daddybearforex. com
  • #11,160
  • Oct 21, 2012 2:45pm Oct 21, 2012 2:45pm
Now the spread is getting narrower. the dust is gradually settling. The picture is getting clear. What is next?



http://www.forexfactory.com/attachme...1&d=1350843695
daddybearforex. com
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