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Aussie Trading Room and Cartoons Gallery

  • #11,361
  • Oct 23, 2012 5:58pm Oct 23, 2012 5:58pm
Quoting DaddyBear
I see one more leg down tonight.
The daily is 100% bearish. First stop 1.0188 IMO.
daddybearforex. com
  • #11,362
  • Oct 23, 2012 6:01pm Oct 23, 2012 6:01pm
Quoting DaddyBear
The daily is 100% bearish. First stop 1.0188 IMO.

100% guarantee?
  • #11,363
  • Oct 23, 2012 6:02pm Oct 23, 2012 6:02pm
Quoting DaddyBear
Good imagination. It is the dark snowing night. This is Vincent Van Gogh style.
In fact, it is Edvard Munch style.
daddybearforex. com
  • #11,364
  • Oct 23, 2012 6:05pm Oct 23, 2012 6:05pm
Quoting maximmm
100% guarantee?
In the Forex market, there is no guarantee available. This is not for sale. I was talking about the impression of the daily chart. Today's session is going to be a red candle again. IMO
daddybearforex. com
  • #11,365
  • Oct 23, 2012 6:07pm Oct 23, 2012 6:07pm
Quoting DaddyBear
In the Forex market, there is no guarantee available. This is not for sale. I was talking about the impression of the daily chart. Today's session is going to be a red candle again. IMO
Current retracement is a giant wedge hanging on the Bulls' neck.

http://www.forexfactory.com/attachme...1&d=1350785684
daddybearforex. com
  • #11,366
  • Oct 23, 2012 6:10pm Oct 23, 2012 6:10pm
Quoting DaddyBear
Current retracement is a giant wedge hanging on the Bulls' neck.

http://www.forexfactory.com/attachme...1&d=1350785684
I did not realize this wedge until after the market closed. This wedge has a special meaning in EWP. This was the reason I came to this conclusion.
daddybearforex. com
  • #11,367
  • Oct 23, 2012 6:52pm Oct 23, 2012 6:52pm
the bull must be freezing to death..

love your drawings


Quoting DaddyBear
Good imagination. It is the dark snowing night. This is Vincent Van Gogh style.
  • #11,368
  • Oct 23, 2012 7:38pm Oct 23, 2012 7:38pm
Bulls are doing quite well, actually^^
  • #11,369
  • Oct 23, 2012 8:10pm Oct 23, 2012 8:10pm
Quoting HelloOz
the bull must be freezing to death..

love your drawings
Thank you. DB
daddybearforex. com
  • #11,370
  • Oct 23, 2012 8:26pm Oct 23, 2012 8:26pm
I wonder if we will see 1.04 tonight
  • #11,371
  • Oct 23, 2012 8:34pm Oct 23, 2012 8:34pm
Quoting maximmm
I wonder if we will see 1.04 tonight
The probability is low. IMO
daddybearforex. com
  • #11,372
  • Oct 23, 2012 8:40pm Oct 23, 2012 8:40pm
Quoting DaddyBear
The probability is low. IMO

It probably depends on the China related news bit - if it's positive, I wouldn't be surprised.
  • #11,373
  • Oct 23, 2012 8:42pm Oct 23, 2012 8:42pm
i have long @ 1.0290, 1.0292 and 1.0295
  • #11,374
  • Oct 23, 2012 8:43pm Oct 23, 2012 8:43pm
Quoting al_capone
i have long @ 1.0290, 1.0292 and 1.0295

OK, now I'm thinking AUD will make a move lower.

in 3 minutes
  • #11,375
  • Oct 23, 2012 8:44pm Oct 23, 2012 8:44pm
Quoting al_capone
i have long @ 1.0290, 1.0292 and 1.0295
The point being, it's not a good idea to be long/short prior to major news event, as is the case in 2 minutes - especially at top of a range.
  • #11,376
  • Oct 23, 2012 8:46pm Oct 23, 2012 8:46pm
never mind 1.04, here we come!
  • #11,377
  • Oct 23, 2012 9:15pm Oct 23, 2012 9:15pm
I guess 1.0340 should halt the rise for today - and continue the next day
  • #11,378
  • Oct 23, 2012 9:19pm Oct 23, 2012 9:19pm
In fact, if EWP has anything to say about it, we are witnessing the first of three waves up all the way to 1.06
  • #11,379
  • Oct 23, 2012 9:30pm Oct 23, 2012 9:30pm
In regards to shorts, I am much more confident shorting NZD - it is about to touch the support line it broke a day ago and unlike Aud, this resistance should hold and cause a NZD to fall quite a bit. I suspect the catalyst for a bigger fall is the NZ rate decision tomorrow.
  • #11,380
  • Oct 23, 2012 9:54pm Oct 23, 2012 9:54pm
price must reach 1.0340 and sustain above it before we are looking at 1.04

being a Wednesday i think twice of the probability.

but if the price don't even conquer 1.0340 i wont look at 1.04, as i don't predict price. who knows it cracks its recent support on 1.0302 and 1.0270 where it shoot up.
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