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Aussie Trading Room and Cartoons Gallery

  • #11,861
  • Oct 28, 2012 11:40pm Oct 28, 2012 11:40pm
Quoting HelloOz
below double bottom...............................................
not beside..
Better let you draw your picture.
daddybearforex. com
  • #11,862
  • Oct 28, 2012 11:42pm Oct 28, 2012 11:42pm
i see,
is that why sometimes oz referred to as "down under"???
art it is..



Quoting DaddyBear
Everyone here, don't think something sexy. I am using another art to explain the Aussie's next moves. You may think the model is the Aussie.
  • #11,863
  • Oct 28, 2012 11:44pm Oct 28, 2012 11:44pm
Quoting HelloOz
i see,
is that why sometimes oz referred to as "down under"???
art it is..
The image of the Aussie is a beautiful woman to me.
daddybearforex. com
  • #11,864
  • Oct 28, 2012 11:44pm Oct 28, 2012 11:44pm
One thing about head and shoulders formation - they sometimes fail, as is the case in this NZD scenario a while back
Attached Image (click to enlarge)
Click to Enlarge Name: nzd copy.jpg Size: 126 KB
  • #11,865
  • Oct 28, 2012 11:45pm Oct 28, 2012 11:45pm
Hence, it is wiser and safer to utilize the following strategy - here is the current AUD chart
Attached Image (click to enlarge)
Click to Enlarge Name: aud copy.jpg Size: 89 KB
  • #11,866
  • Oct 28, 2012 11:49pm Oct 28, 2012 11:49pm
is that Opera House?

Quoting maximmm
One thing about head and shoulders formation - they sometimes fail, as is the case in this NZD scenario a while back
  • #11,867
  • Oct 28, 2012 11:50pm Oct 28, 2012 11:50pm
Quoting maximmm
Hence, it is wiser and safer to utilize the following strategy - here is the current AUD chart
Very nice. How about long at the neck line?
daddybearforex. com
  • #11,868
  • Oct 28, 2012 11:52pm Oct 28, 2012 11:52pm
Quoting HelloOz
is that Opera House?
It looks like the Opera House. The "X" must be Sydney Harbor.
daddybearforex. com
  • #11,869
  • Oct 28, 2012 11:52pm Oct 28, 2012 11:52pm
Quoting DaddyBear
Very nice. How about long at the neck line?
Certainly possible - with a tight stop below and a sell order even lower (if your broker allows (MB trading does not, for example, while my current broker does)
  • #11,870
  • Oct 28, 2012 11:56pm Oct 28, 2012 11:56pm
Quoting maximmm
Hence, it is wiser and safer to utilize the following strategy - here is the current AUD chart
In fact, I have been only talking about the blue H/S not the white one.

http://www.forexfactory.com/attachme...1&d=1351485932
daddybearforex. com
  • #11,871
  • Oct 28, 2012 11:56pm Oct 28, 2012 11:56pm
Quoting HelloOz
is that Opera House?
I was going to make head and shoulders a bit rounder, rather than angular - but then it looked like something else - two balls and..
  • #11,872
  • Oct 28, 2012 11:58pm Oct 28, 2012 11:58pm
This forum may be the most artistic thread in FF. We have got whole bunch of artists here.
daddybearforex. com
  • #11,873
  • Oct 28, 2012 11:59pm Oct 28, 2012 11:59pm
Quoting DaddyBear
In fact, I have been only talking about the blue H/S not the white one.
The white one is probably more important, as it would signal a move to 0.98 - in fact, the white one allows AUD to move much higher without invalidating the H/S formation.

At the same time - if Aud were to move to 1.06 - it wouldn't really be h/s formation - more like range trade. A breach of range is the key, regardless of the formation name.

In the end - two crucial levels are 1.06 and 1.015 - a breach of either of these would signal the next move.
  • #11,874
  • Oct 29, 2012 12:11am Oct 29, 2012 12:11am
Quoting maximmm
The white one is probably more important, as it would signal a move to 0.98 - in fact, the white one allows AUD to move much higher without invalidating the H/S formation.

At the same time - if Aud were to move to 1.06 - it wouldn't really be h/s formation - more like range trade. A breach of range is the key, regardless of the formation name.

In the end - two crucial levels are 1.06 and 1.015 - a breach of either of these would signal the next move.
My view is still the same and I am focusing on the blue H/S pattern. FIB 61.80 % may be the low.

http://www.forexfactory.com/attachme...1&d=1351397919
daddybearforex. com
  • #11,875
  • Oct 29, 2012 12:15am Oct 29, 2012 12:15am
i see harry potter


Quoting DaddyBear
My view is still the same and I am focusing on the blue H/S pattern. FIB 61.80 % may be the low.

http://www.forexfactory.com/attachme...1&d=1351397919
  • #11,876
  • Oct 29, 2012 12:18am Oct 29, 2012 12:18am
This is the real bearish context
Attached Image (click to enlarge)
Click to Enlarge Name: aud.jpg Size: 129 KB
  • #11,877
  • Oct 29, 2012 12:23am Oct 29, 2012 12:23am
Quoting HelloOz
i see harry potter
Why? Where is Harry Potter? Does Harry Potter trade the Aussie too?
daddybearforex. com
  • #11,878
  • Oct 29, 2012 12:43am Oct 29, 2012 12:43am
maybe just his glasses that i saw..
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz
see you guys later or tomorrow..
zzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzzz



Quoting DaddyBear
Why? Where is Harry Potter? Does Harry Potter trade the Aussie too?
  • #11,879
  • Oct 29, 2012 9:26am Oct 29, 2012 9:26am
The Aussie has stayed within a narrow range since Sunday open. Will she stay this way forever? I wouldn't think so. But, which way is she heading to?
daddybearforex. com
  • #11,880
  • Oct 29, 2012 9:28am Oct 29, 2012 9:28am
Quoting DaddyBear
The Aussie has stayed within a narrow range since Sunday open. Will she stay this way forever? I wouldn't think so. But, which way is she heading to?
After formed an Evening Star Friday, at this point, an inside bar is forming.
daddybearforex. com
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