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Aussie Trading Room and Cartoons Gallery

  • #11,281
  • Oct 22, 2012 6:57pm Oct 22, 2012 6:57pm

FUDGE
  • #11,282
  • Oct 22, 2012 7:13pm Oct 22, 2012 7:13pm
Quoting 5percent
This a min 15 chart, i always applied my own rules of 1,2,3 on support resistance aka offers/bids to calculate the probability. I don't sell when its the highest i pick the position only on 23.6 or 61.8 on both ways with a tighter stop loss than most people, as i don't believe in marrying a trade. If i get lucky, my winners get to ride on a breakout, if i am not i looking to dump it off or trail it out if its within a consolidation phase which we are approaching. Check out the MACD point of 0 and -0 at the point of Rule 1,2 3 or support/ resistance...
Hi guys, as mentioned before, price target achieved on resistance turns support on 1.0295 area.
  • #11,283
  • Oct 22, 2012 7:41pm Oct 22, 2012 7:41pm
Quoting HelloOz
how about today daddy?
Today probably a mid-size red candle. IMO
daddybearforex. com
  • #11,284
  • Oct 22, 2012 7:43pm Oct 22, 2012 7:43pm
Quoting Daytrader74

FUDGE

DT, what happened this time?
daddybearforex. com
  • #11,285
  • Oct 22, 2012 7:44pm Oct 22, 2012 7:44pm
Quoting 5percent
Hi guys, as mentioned before, price target achieved on resistance turns support on 1.0295 area.
Can 1.0295 hold tonight?
daddybearforex. com
  • #11,286
  • Oct 22, 2012 8:32pm Oct 22, 2012 8:32pm
Quoting DaddyBear
Can 1.0295 hold tonight?
I trade price based on live movements and breakout point with Fibonacci, some entries are done on a ground that certain support or resistance level are found, for example i can keep entering a scalp sell and a range sell from 1.0338 as there was a former resistance and i may enter a buy from 1.0295-1.03 with very tight stops on both side to prevent breakout/marrying a trade.

I can't tell yet if 1.0295 can be broken. It has to see session's volatility and fundamental updates.

If it's frankie and nothing much, even as price reached 1.0295, it may get a bounce again we can see price trapped between 1.0295 - 1.0340 as previously shown on the eclipse that i shared. After this range of consolidation, it's likely to head for a breakout again. We can't tell what's going to happen, who knows a news in us session to throw it either bullish bias or bearish falling.
  • #11,287
  • Oct 22, 2012 9:12pm Oct 22, 2012 9:12pm
Quoting DaddyBear
DT, what happened this time?
I fell asleep
  • #11,288
  • Oct 22, 2012 9:51pm Oct 22, 2012 9:51pm
CNBC-
Chinese Property Loans Surge in the Third Quarter (http://www.cnbc.com/id/49512088)

Does this mean Chinese construction boom again?
daddybearforex. com
  • #11,289
  • Oct 22, 2012 9:54pm Oct 22, 2012 9:54pm
M5 BB has narrowed to very tight range. A break out is imminent.
daddybearforex. com
  • #11,290
  • Oct 22, 2012 9:56pm Oct 22, 2012 9:56pm
The Bull truck is ready to go after filling up the tank.

http://www.forexfactory.com/attachme...1&d=1345612550
daddybearforex. com
  • #11,291
  • Oct 22, 2012 10:21pm Oct 22, 2012 10:21pm
The puzzles for the Bulls now:

Can the Bulls test upper daily channel?
Or at least R2?
Or moving south?


http://www.forexfactory.com/attachme...1&d=1350843695
daddybearforex. com
  • #11,292
  • Oct 22, 2012 10:23pm Oct 22, 2012 10:23pm
Quoting DaddyBear
The Bull truck is ready to go after filling up the tank.

http://www.forexfactory.com/attachme...1&d=1345612550
HI DB,
So you thinking that this 1.0295 area will hold and we will test higher prices?

TT
  • #11,293
  • Oct 22, 2012 10:31pm Oct 22, 2012 10:31pm
Quoting TrendTrader
HI DB,
So you thinking that this 1.0295 area will hold and we will test higher prices?

TT
No, 1.0295 will not hold when the Aussie comes down later. I am thinking the probability of testing R2/Daily FIB 23.60%/H4 FIB 61.80%. The testing of the daily UTL is in the cards.

Recently, China "produced" quite a few good news. Suddenly, the markets are bullish on China. This sentiment may prop up the Aussie.

But eventually, the downtrend will resume due to the law of the market. IMO
daddybearforex. com
  • #11,294
  • Oct 22, 2012 10:59pm Oct 22, 2012 10:59pm
Quoting DaddyBear
No, 1.0295 will not hold when the Aussie comes down later. I am thinking the probability of testing R2/Daily FIB 23.60%/H4 FIB 61.80%. The testing of the daily UTL is in the cards.

Recently, China "produced" quite a few good news. Suddenly, the markets are bullish on China. This sentiment may prop up the Aussie.

But eventually, the downtrend will resume due to the law of the market. IMO
If my projection is in line with the future move, this wave will be very fierce to the Bears. IMO
daddybearforex. com
  • #11,295
  • Oct 22, 2012 11:07pm Oct 22, 2012 11:07pm
Quoting DaddyBear
If my projection is in line with the future move, this wave will be very fierce to the Bears. IMO
Fierce?? is that your way of saying a strong sell move?

TT
  • #11,296
  • Oct 22, 2012 11:15pm Oct 22, 2012 11:15pm
Quoting TrendTrader
Fierce?? is that your way of saying a strong sell move?

TT
Sorry I did not make it clear. What I meant was if the Bull can push up from this level to test the limits, it would be a powerful movement. Particularly, the big boys will jump in when R1 is broken. The higher it goes, the more buyers will pile in. IMO
daddybearforex. com
  • #11,297
  • Oct 22, 2012 11:18pm Oct 22, 2012 11:18pm
Quoting DaddyBear
Sorry I did not make it clear. What I meant was if the Bull can push up from this level to test the limits, it would be a powerful movement. Particularly, the big boys will jump in when R1 is broken. The higher it goes, the more buyers will pile in. IMO
Oh ok.....What is the R1 level u are talking about?...i trade mainly fibs with rsi and adx... so do not trade using pivots and r1/s1 etc. levels.

TT
  • #11,298
  • Oct 22, 2012 11:19pm Oct 22, 2012 11:19pm
It has been in such a deadlocked PA for 3 hours. Which way will it go? In order to decide the next move, H4 chart may be a good reference.
daddybearforex. com
  • #11,299
  • Oct 22, 2012 11:21pm Oct 22, 2012 11:21pm
Quoting TrendTrader
Oh ok.....What is the R1 level u are talking about?...i trade mainly fibs with rsi and adx... so do not trade using pivots and r1/s1 etc. levels.

TT
Daily R1 = 1.0351. H4 FIB 50% = 1.0353.
daddybearforex. com
  • #11,300
  • Oct 23, 2012 12:40am Oct 23, 2012 12:40am
Kudos to Pepperstone regarding that spike:-

"Dear Stephen,

Thank you for your email and advising us off this issue.

Please note that due to an inverted price quoted by Deutsche Bank at 2012.10.22 20:48 (chart time), all AUD crosses have displayed an invalid quote at this time. As MetaTrader does not show inverted spreads, this was reflected on charts as a sharp upwards / downward candle on AUD cross pairs during this time. Deutsche Bank have notified us that over 8000 of their prime brokerage clients were effected by this system failure and that they are taking steps to improve their pricing technology. Until we are are satisfied that Deutsche have fixed theses problems, we have removed them from our pricing aggregation engine and as such they will not be streaming quotes to our clients.

The price at 2012.10.22 20:48 (chart time) has been withdrawn by Deutsche Bank from the market and they have corrected a number of trades as it wasn't a valid market price at that time. We have now corrected AUD cross charts to ensure that the valid market price is now reflected.

Concerning the trades that you have indicated were impacted by this invalid price movement (1467934) we have now cash corrected your account as compensation for the loss incurred as a result of this invalid price quote.

Please feel free to contact us should you have any further questions or concerns regarding this issue.

Best Regards,

Martin
Pepperstone Support"
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