Aussie Trading Room and Cartoons Gallery | Page 567 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Cartoons and Pics 2,832 replies

EUR/USD Trading Room 328 replies

Do The Trading Room 20 replies

Attachments: Aussie Trading Room and Cartoons Gallery
Exit Attachments

Aussie Trading Room and Cartoons Gallery

  • #11,321
  • Oct 23, 2012 4:46am Oct 23, 2012 4:46am
Quoting DaddyBear
Why 1.0254?

Attached Image (click to enlarge)
Click to Enlarge Name: au.gif Size: 21 KB


  • #11,322
  • Oct 23, 2012 4:56am Oct 23, 2012 4:56am
Quoting aqeelaputra
Attachment

for h1 if hold and still below 1.0284 still looking down side
  • #11,323
  • Edited 5:20am Oct 23, 2012 5:02am | Edited 5:20am
Quoting DaddyBear
Is 1.0314 that important?
Do this test: put a weekly pivot on the chart and use ONLY empty chart, use h1.

You'll tell me later how important weekly pivot is.

And right now daily and weekly pivot are forming resistance almost together. As hard as it was to break down it'll be to break back up unless you get some fundamental cause for move.

But, that's only my oppinion. What we are seeing could be only 1/3 of wave 3 down. PA is hard to read lately. But based on fact we are near S3 on daily pivot should provide a good enough hint, we are in bear land ATM?


BR

EDIT: although I traded EURUSD, enough of the game for me. Out with +66.
Attached Image (click to enlarge)
Click to Enlarge Name: eurusd short.gif Size: 54 KB
  • #11,324
  • Oct 23, 2012 6:22am Oct 23, 2012 6:22am
DB, Euro broke its support - so it would seem that your initial prediction of 1.015 was correct^^ After that, we may indeed see 1.06, as I expect euro to bounce hard when it moves 100 pips lower.
  • #11,325
  • Oct 23, 2012 6:47am Oct 23, 2012 6:47am
Talk about commodity currencies, - have you seen the CAD action today - while everything is losing ground against USD, CAD rose against USD by a 100 pips.

I wonder if it's the next JPY. Market loves to pick one currency as its safety haven regardless of fundamentals - and then destroy the nation's economy in the process. CHF is out of the picture and I suspect JPY is out as well - both economies crippled - can Canada be next?!^^
  • #11,326
  • Oct 23, 2012 6:55am Oct 23, 2012 6:55am
Quoting maximmm
DB, Euro broke its support - so it would seem that your initial prediction of 1.015 was correct^^ After that, we may indeed see 1.06, as I expect euro to bounce hard when it moves 100 pips lower.
I did not predict the market moves but projected them. Prediction is a fortune teller's job. Not me.
daddybearforex. com
  • #11,327
  • Oct 23, 2012 6:56am Oct 23, 2012 6:56am
The M1 PA since 8:30 EST looks like a diagonal.
daddybearforex. com
  • #11,328
  • Oct 23, 2012 6:57am Oct 23, 2012 6:57am
Quoting DaddyBear
The M1 PA since 8:30 EST looks like a diagonal.
When a 5 contact-points-diagonal formed, usually, it is a temporary bottom. IMO
daddybearforex. com
  • #11,329
  • Oct 23, 2012 7:04am Oct 23, 2012 7:04am
Quoting tp0440
Do this test: put a weekly pivot on the chart and use ONLY empty chart, use h1.

You'll tell me later how important weekly pivot is.

And right now daily and weekly pivot are forming resistance almost together. As hard as it was to break down it'll be to break back up unless you get some fundamental cause for move.

But, that's only my oppinion. What we are seeing could be only 1/3 of wave 3 down. PA is hard to read lately. But based on fact we are near S3 on daily pivot should provide a good enough hint, we are in bear land ATM?


BR

EDIT:...
TP, thanks for your colorful explanation.
daddybearforex. com
  • #11,330
  • Oct 23, 2012 7:07am Oct 23, 2012 7:07am
http://www.forexfactory.com/attachme...1&d=1350843695

If this indeed a temp. bottom, a good size retracement can be expected. The question is how high it would go.
daddybearforex. com
  • #11,331
  • Oct 23, 2012 7:08am Oct 23, 2012 7:08am
As mentioned before, big boys like to keep shorting at the "bottoms". A mindset of abusing people. This may be a part of human nature. Using the monetary power to abuse small guys. IMO
daddybearforex. com
  • #11,332
  • Oct 23, 2012 7:27am Oct 23, 2012 7:27am
Quoting DaddyBear
As mentioned before, big boys like to keep shorting at the "bottoms". A mindset of abusing people. This may be a part of human nature. Using the monetary power to abuse small guys. IMO
I'm curious as to who you see the "big boys" as and who the "small guys" are...
Play the players, not the cards.
  • #11,333
  • Oct 23, 2012 7:36am Oct 23, 2012 7:36am
I think he means banks, hedge funds, etc.

By the way, I suspect we are in for a day long bout of consolidation at these levels - at least in regards to euro. AUD likes to follow euro - so there it is.
  • #11,334
  • Oct 23, 2012 7:45am Oct 23, 2012 7:45am
Quoting maximmm
I think he means banks, hedge funds, etc.

By the way, I suspect we are in for a day long bout of consolidation at these levels - at least in regards to euro. AUD likes to follow euro - so there it is.

This was I saw last night.
Quoting HelloOz
how about today daddy?
Quoting DaddyBear
Today probably a mid-size red candle. IMO
But, now a nice rebound is in the cards. The candle will still be in red but with a shadow.
daddybearforex. com
  • #11,335
  • Oct 23, 2012 7:50am Oct 23, 2012 7:50am
Quoting DaddyBear
This was I saw last night.



But, now a nice rebound is in the cards. The candle will still be in red but with a shadow.
This rebound is needed to prepare a real show later.

http://www.forexfactory.com/attachme...1&d=1350785684
daddybearforex. com
  • #11,336
  • Oct 23, 2012 7:52am Oct 23, 2012 7:52am
Well, if you think banks and hedge funds are the big boys, you might be a little disappointed to know that one is actually bigger than the other. A large bank will help facilitate trades or act as a broker more often than not (for the "big boys"), while a fund will be actively trading.

A small guy, which is still left undefined by you, is probably someone like us, a retail trader.

If you look at the daily volume in the forex, you may find that retail accounts for barely 5% of the volume. This includes facilitating the retail trades, like FXCM selling to me when I'm buying.

Now, why would a fund, which I'm sure makes millions upon millions, go after pennies?
Play the players, not the cards.
  • #11,337
  • Oct 23, 2012 7:56am Oct 23, 2012 7:56am
Quoting GnarlyPips
Well, if you think banks and hedge funds are the big boys, you might be a little disappointed to know that one is actually bigger than the other. A large bank will help facilitate trades or act as a broker more often than not (for the "big boys"), while a fund will be actively trading.

A small guy, which is still left undefined by you, is probably someone like us, a retail trader.

If you look at the daily volume in the forex, you may find that retail accounts for barely 5% of the volume. This includes facilitating the retail trades, like FXCM...
Good question. Greed is the answer!
Attached Image (click to enlarge)
Click to Enlarge Name: ONE CENT.JPG Size: 139 KB
daddybearforex. com
  • #11,338
  • Oct 23, 2012 8:02am Oct 23, 2012 8:02am
Quoting DaddyBear
http://www.forexfactory.com/attachme...1&d=1350843695

The puzzle for the Bulls now:

How high can it bounce?
I may take tp0440's 1.0314 as a reference point.

Quoting tp0440
Hi.

1,0314 is weekly pivot. I know not a lot of people pay attention to it, but is in a lot of cases essential. If cleared, you'll get you movement.

BR
Quoting DaddyBear
Is 1.0314 that important?
daddybearforex. com
  • #11,339
  • Oct 23, 2012 8:03am Oct 23, 2012 8:03am
Quoting DaddyBear
I may take tp0440's 1.0314 as a reference point.
In fact, 1.0314 is current H1 swing high.
daddybearforex. com
  • #11,340
  • Oct 23, 2012 8:09am Oct 23, 2012 8:09am
We might have seen the appetizer already. Now, the main course is coming.
daddybearforex. com
4 traders viewing now