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  • #11,401
  • Oct 24, 2012 1:07am Oct 24, 2012 1:07am
Quoting DaddyBear
Currently, A divergence between DMIM and DMIP is forming in H4 chart. This indicates a non-bullish case at this point.
http://www.forexfactory.com/attachme...1&d=1351050022

Last hour's PA spoke loudly as to where the Aussie wants to go. The down trip is not done yet. There are more to come.
daddybearforex. com
  • #11,402
  • Oct 24, 2012 1:20am Oct 24, 2012 1:20am
Quoting DaddyBear
http://www.forexfactory.com/attachme...1&d=1351050022

Last hour's PA spoke loudly as to where the Aussie wants to go. The down trip is not done yet. There are more to come.
The pattern implies it's a part of the prelude of a major move.
daddybearforex. com
  • #11,403
  • Oct 24, 2012 7:49am Oct 24, 2012 7:49am
Quoting gnomoneey
eur.aud shorting still from last week...still same as last week. tp 1,2506

aud.usd bullish to 1.0420 where i have my tp

eur.cad shorting very strongly for at least 100 pips
-short 1.2880 tp 1.2780
closed manually

eur.cad +75pips in 8 hrs closed at 1.2805
eur.aud +142 pips over a week closed at 1.2520
aud.nzd +55 pips over a week 1.2690

still open
aud.usd -35 pips
Wooooohooooo or Boooooohooooo
  • #11,404
  • Oct 24, 2012 8:33am Oct 24, 2012 8:33am
Well, it's a good thing I chose not to play nzd last night - it now broke the resistance. Ultimately, this is bullish for nzd and aud alike.

If you are structurally short with aud up to 1.06, you'll be fine, since aud will come down hard from that level.

I agree with you DB long term - meaning that aud will see a lower bottom, but short term - we seem to be in disagreement^^ I do think 1.06 is in the cards - even EWP (like you said, simple wave format) agrees with me.
  • #11,405
  • Oct 24, 2012 9:46am Oct 24, 2012 9:46am
To further the bullish view, not only has NZD broken the resistance line, but eurusd is projected to move to 1.31 short term -
  • #11,406
  • Oct 24, 2012 10:00am Oct 24, 2012 10:00am
Did I say 1.31? I meant 1.32 - this is according to the forming head and shoulders pattern. Only after reaching 1.32 euro will head down. Again, this bullish view coincides with aud rising to 1.06 first prior to the fall.
  • #11,407
  • Oct 24, 2012 10:31am Oct 24, 2012 10:31am
Quoting maximmm
Did I say 1.31? I meant 1.32 - this is according to the forming head and shoulders pattern. Only after reaching 1.32 euro will head down. Again, this bullish view coincides with aud rising to 1.06 first prior to the fall.
The fall I was talking about is a test of lower level at this stage then move toward 1.06 before a big fall. IMO
daddybearforex. com
  • #11,408
  • Oct 24, 2012 10:37am Oct 24, 2012 10:37am
Quoting DaddyBear
The fall I was talking about is a test of lower level at this stage then move toward 1.06 before a big fall. IMO
http://www.forexfactory.com/attachme...1&d=1350843695

I believe the Bulls are still in the Bear country. They are not out of the woods yet. IMO
daddybearforex. com
  • #11,409
  • Oct 24, 2012 10:42am Oct 24, 2012 10:42am
Quoting DaddyBear
http://www.forexfactory.com/attachme...1&d=1350843695

I believe the Bulls are still in the Bear country. They are not out of the woods yet. IMO
Last night's two news events created a nice retracement but it is not the onset of the movement to 1.0.6. IMO


http://www.forexfactory.com/attachme...1&d=1351050022
daddybearforex. com
  • #11,410
  • Oct 24, 2012 10:42am Oct 24, 2012 10:42am
Quoting DaddyBear
The fall I was talking about is a test of lower level at this stage then move toward 1.06 before a big fall. IMO

In fact, head and shoulders formation is also taking place with audusd - a move to 1.03 is possible prior to resumption of a move higher - much higher
  • #11,411
  • Oct 24, 2012 10:46am Oct 24, 2012 10:46am
Quoting maximmm
In fact, head and shoulders formation is also taking place with audusd - a move to 1.03 is possible prior to resumption of a move higher - much higher
So you think 1.03 is going to hold? Last night you projected 1.034x to be the line to cap the Bulls. You were pretty right on.
daddybearforex. com
  • #11,412
  • Oct 24, 2012 10:51am Oct 24, 2012 10:51am
Quoting DaddyBear
So you think 1.03 is going to hold? Last night you projected 1.034x to be the line to cap the Bulls. You were pretty right on.
1.034 would hold for the day, but not for the next day.
  • #11,413
  • Oct 24, 2012 10:53am Oct 24, 2012 10:53am
Maximm Do you think we find support at 1.0315-1.032 and move up instead of going back to 1.03 or do you feel a retest of 1.03 and then a move up
  • #11,414
  • Oct 24, 2012 10:54am Oct 24, 2012 10:54am
I suppose the us rate decision is going to be the catalyst for the beginning of a much stronger upward move.
  • #11,415
  • Oct 24, 2012 10:55am Oct 24, 2012 10:55am
Quoting iNSIELD
Maximm Do you think we find support at 1.0315-1.032 and move up instead of going back to 1.03 or do you feel a retest of 1.03 and then a move up
retest of 1.03 and then a move up past 1.034- or so the scenario goes
  • #11,416
  • Oct 24, 2012 10:58am Oct 24, 2012 10:58am
Keep in mind, I could also be absolutely wrong^^

The head and shoulders scenario in eurusd is not looking quite as promising as it does with aud
  • #11,417
  • Oct 24, 2012 11:00am Oct 24, 2012 11:00am
A temp. support at FIB 23.6% / 1.027xx / Pivot makes more sense to me.
daddybearforex. com
  • #11,418
  • Oct 24, 2012 11:02am Oct 24, 2012 11:02am
Quoting DaddyBear
A temp. support at FIB 23.6% / 1.027xx / Pivot makes more sense to me.
head and shoulders scenario would have 1.03 or 1.0295 be the short term bottom prior to the spike higher
  • #11,419
  • Oct 24, 2012 11:03am Oct 24, 2012 11:03am
Quoting maximmm
head and shoulders scenario would have 1.03 or 1.0295 be the short term bottom prior to the spike higher
Could you post your H/S chart?
daddybearforex. com
  • #11,420
  • Oct 24, 2012 11:31am Oct 24, 2012 11:31am
not good at this so i'll just use numbers

head is at 1.023

First shoulder is from 1.04 to 1.03 - and we are on second shoulder now. Starting from 10/18/2012
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