Aussie Trading Room and Cartoons Gallery | Page 583 | 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

  • #11,641
  • Oct 26, 2012 10:22am Oct 26, 2012 10:22am
Quoting navk
Honestly speaking, I missed my short entry, but at the same time, it is not right place to enter short after it has fallen 45 pips from Asian high.
Did you miss your short entry again?
daddybearforex. com
  • #11,642
  • Oct 26, 2012 10:30am Oct 26, 2012 10:30am
A larger second Doji is forming in the daily chart.
daddybearforex. com
  • #11,643
  • Oct 26, 2012 10:50am Oct 26, 2012 10:50am
Quoting DaddyBear
A larger second Doji is forming in the daily chart.
Although it was a nice rebound, it still failed to lift up the descending DMIP in the Daily ADX.
daddybearforex. com
  • #11,644
  • Oct 26, 2012 10:57am Oct 26, 2012 10:57am
Quoting DaddyBear
Although it was a nice rebound, it still failed to lift up the descending DMIP in the Daily ADX.
This divergence and the forming of the second Doji foreshadow the next path of the Aussie.
daddybearforex. com
  • #11,645
  • Oct 26, 2012 11:05am Oct 26, 2012 11:05am
The US GDP was good but the Aussie moved up. This happened before as well. I am not clear about big boys' mindset why they believed this news was positive for the Aussie.

This may prove my understanding that the fundamentals are not the real driving forces behind the markets' moves. IMO
daddybearforex. com
  • #11,646
  • Oct 26, 2012 11:09am Oct 26, 2012 11:09am
Quoting DaddyBear
The US GDP was good but the Aussie moved up. This happened before as well. I am not clear about big boys' mindset why they believed this news was positive for the Aussie.

This may prove my understanding that the fundamentals are not the real driving forces behind the markets' moves. IMO
After two positive US news, stocks edged lower. Can any fundamental guys tell me why this can happen?
daddybearforex. com
  • #11,647
  • Oct 26, 2012 11:26am Oct 26, 2012 11:26am
Quoting DaddyBear
After two positive US news, stocks edged lower. Can any fundamental guys tell me why this can happen?
Usually what happens. Dollar goes up, indexes and major stocks go down.
Play the players, not the cards.
  • #11,648
  • Oct 26, 2012 11:40am Oct 26, 2012 11:40am
Quoting GnarlyPips
Usually what happens. Dollar goes up, indexes and major stocks go down.
You did not get my point. The positive GDP sank the USD before 10 AM EST. Does this make sense to you?
daddybearforex. com
  • #11,649
  • Oct 26, 2012 11:44am Oct 26, 2012 11:44am
This may related to the Aussie.

"Commodities prices have been in freefall in recent weeks—a victim of money fleeing risk assets, technical resistance and Federal Reserve actions that finally seem to have lost their impact."

http://www.cnbc.com/id/49537052
daddybearforex. com
  • #11,650
  • Oct 26, 2012 11:48am Oct 26, 2012 11:48am
Quoting DaddyBear
This may related to the Aussie.

"Commodities prices have been in freefall in recent weeks—a victim of money fleeing risk assets, technical resistance and Federal Reserve actions that finally seem to have lost their impact."

http://www.cnbc.com/id/49537052
"fleeing risk assets"

This sentiment has been the main driving force behind the Aussie's move recently. The Aussie is a commodity currency and a risky asset.
daddybearforex. com
  • #11,651
  • Oct 26, 2012 11:52am Oct 26, 2012 11:52am
Quoting DaddyBear
You did not get my point. The positive GDP sank the USD before 10 AM EST. Does this make sense to you?

You said this, "After two positive US news, stocks edged lower."

You said stocks, not the dollar, edged lower.

The dollar shot up before the release. This should be noted. As well, the dollar seems to be in a supply zone.
Play the players, not the cards.
  • #11,652
  • Oct 26, 2012 11:54am Oct 26, 2012 11:54am
Daddybear what do u think about AUD/CAD shorts
  • #11,653
  • Oct 26, 2012 12:04pm Oct 26, 2012 12:04pm
Quoting iNSIELD
Daddybear what do u think about AUD/CAD shorts
Based on the H4 and D1 chart patterns, I'd say a test of the neck line of H/S is in the cards. It may bounce off from there then we take from there next week. IMO
daddybearforex. com
  • #11,654
  • Oct 26, 2012 12:14pm Oct 26, 2012 12:14pm
What timeframe are u referring to that has the H/S and what level does that come in at?
  • #11,655
  • Oct 26, 2012 12:22pm Oct 26, 2012 12:22pm
Quoting iNSIELD
What timeframe are u referring to that has the H/S and what level does that come in at?
Time is the most difficult component to project. It may happen sometime next week. The neck line is currently sitting at 1.0245 and creeping up. BTW, I wouldn't advice anyone in this forum to enter short or long positions. These decisions must be made by everyone independently. I am here to express my opinions only.
daddybearforex. com
  • #11,656
  • Oct 26, 2012 12:27pm Oct 26, 2012 12:27pm
oh I know daddybear np I am actually am shorting into AUD/CAD strength right now just looking at USD/CAD and the multitude of resistance above and AUD/USD looks like it has a snowballs chance in hell now of getting above 1.04 I just wanted your opinion nothing more nothing less. Alot of confluence for shorts here also u have daily 200MA which actually coincides with 61.8% retrace on weekly (1.05816/.99217) comes in around 1.03297 and usually when u hit that level there is time for a move back down when it comes to the weekly. But that was all and just seeing what you thought about it. No pressure I promise lol I appreciate the insight and wanted to let other ppl kno
  • #11,657
  • Oct 26, 2012 12:35pm Oct 26, 2012 12:35pm
Quoting DaddyBear
Time is the most difficult component to project. It may happen sometime next week. The neck line is currently sitting at 1.0245 and creeping up. BTW, I wouldn't advice anyone in this forum to enter short or long positions. These decisions must be made by everyone independently. I am here to express my opinions only.
My view is that once the train is running on one railway, it won't switch the rail tracks in a short time frame. Before it arrives at the destination, it won't turns back to the opposite direction. I am talking about a larger context not a small TF.
daddybearforex. com
  • #11,658
  • Oct 26, 2012 12:39pm Oct 26, 2012 12:39pm
Quoting iNSIELD
oh I know daddybear np I am actually am shorting into AUD/CAD strength right now just looking at USD/CAD and the multitude of resistance above and AUD/USD looks like it has a snowballs chance in hell now of getting above 1.04 I just wanted your opinion nothing more nothing less. Alot of confluence for shorts here also u have daily 200MA which actually coincides with 61.8% retrace on weekly (1.05816/.99217) comes in around 1.03297 and usually when u hit that level there is time for a move back down when it comes to the weekly. But that was all...
I believe I have posted clear messages about the Aussie's next moves. My bias is http://www.forexfactory.com/attachme...1&d=1351050022.
daddybearforex. com
  • #11,659
  • Oct 26, 2012 12:42pm Oct 26, 2012 12:42pm
Which short do you think nets more profit next week AUD/CAD or AUD/USD?
  • #11,660
  • Edited 12:56pm Oct 26, 2012 12:45pm | Edited 12:56pm
Quoting DaddyBear
I believe I have posted clear messages about the Aussie's next moves. My bias is http://www.forexfactory.com/attachme...1&d=1351050022.
I don't post the entries or exits. They are personal matters.
daddybearforex. com
3 traders viewing now