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Aussie Trading Room and Cartoons Gallery

  • #12,141
  • Nov 4, 2012 2:29pm Nov 4, 2012 2:29pm
Current Rate: 389/429. Looks like a small pop is on the way. I hope it pops to 70 or 80.
daddybearforex. com
  • #12,142
  • Nov 4, 2012 2:34pm Nov 4, 2012 2:34pm
Quoting DaddyBear
Current Rate: 389/429. Looks like a small pop is on the way. I hope it pops to 70 or 80.
Current Rate: 396/436.
daddybearforex. com
  • #12,143
  • Nov 4, 2012 2:34pm Nov 4, 2012 2:34pm
Quoting DaddyBear
I agree. we might see a bit of a retrace. It maybe a chance to reenter or to add to the short positions. IMO
Yes i think so too. It bounced right on 38.2%..
  • #12,144
  • Nov 4, 2012 2:46pm Nov 4, 2012 2:46pm
Quoting DaddyBear
Current Rate: 396/436.
It has stuck at this level. Do the Bulls have the upper hand to move the Aussie higher?
daddybearforex. com
  • #12,145
  • Nov 4, 2012 2:51pm Nov 4, 2012 2:51pm
Quoting DaddyBear
It has stuck at this level. Do the Bulls have the upper hand to move the Aussie higher?
RBA rate cut perspective may outweigh China's data at this point. The daily ADX is very bearish IMO. Plus, the uncertainty of the US presidential election may pose some headwind to the Bulls.

http://www.forexfactory.com/attachme...1&d=1351978758
daddybearforex. com
  • #12,146
  • Nov 4, 2012 3:41pm Nov 4, 2012 3:41pm
Between the Pivot and FIB 61.80%, the pop may run out of steam if it ever goes that far.
daddybearforex. com
  • #12,147
  • Nov 4, 2012 3:47pm Nov 4, 2012 3:47pm
Quoting DaddyBear
Between the Pivot and FIB 61.80%, the pop may run out of steam if it ever goes that far.
Seems to me, China's good news did not provide much power to the Bulls. The up move so far is sluggish at beat.
daddybearforex. com
  • #12,148
  • Nov 4, 2012 4:05pm Nov 4, 2012 4:05pm
Before I even got a chance to enter short positions, the Aussie was heading South again.

http://www.forexfactory.com/attachme...1&d=1351981800
daddybearforex. com
  • #12,149
  • Nov 4, 2012 4:19pm Nov 4, 2012 4:19pm
Quoting DaddyBear
Seems to me, China's good news did not provide much power to the Bulls. The up move so far is sluggish at beat.

patience young padawan, 1.0528 still awaits us in these treacherous grounds
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #12,150
  • Nov 4, 2012 4:28pm Nov 4, 2012 4:28pm
Quoting djambazov84
patience young padawan, 1.0528 still awaits us in these treacherous grounds
When did you become a Bull? I remember you were an ultra Bear not long ago.
daddybearforex. com
  • #12,151
  • Nov 4, 2012 4:53pm Nov 4, 2012 4:53pm
your 2nd chance is here....




Quoting DaddyBear
Before I even got a chance to enter short positions, the Aussie was heading South again.

http://www.forexfactory.com/attachme...1&d=1351981800
  • #12,152
  • Edited 5:45pm Nov 4, 2012 5:02pm | Edited 5:45pm
Right now my main concern is not the upside - I think it is limited for the time being. 1.0305/10 is of much bigger concern - The question is not whether AUD will get there, but whether that line will serve as a big rebound for AUD or not. I'll close shorts at that line and put additional sell orders below it. If 1.03 gets breached, 1.015 is next.

For the time being, I think 1.0358 will serve as the point from which AUD will continue its descent to 1.0305
  • #12,153
  • Nov 4, 2012 5:25pm Nov 4, 2012 5:25pm
Quoting DaddyBear
When did you become a Bull? I remember you were an ultra Bear not long ago.

i was sir, until the tides have turned for the time being and the dead ghosts of slain 1.0645 bulls want their last revenge
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #12,154
  • Nov 4, 2012 5:57pm Nov 4, 2012 5:57pm
failure to breach 1.03 (no interest rate cut), will cause AUD to go back to 1.04 handle -
  • #12,155
  • Nov 4, 2012 6:41pm Nov 4, 2012 6:41pm
Quoting HelloOz
your 2nd chance is here....
My entry will be at 70 or 80. Thanks.
daddybearforex. com
  • #12,156
  • Nov 4, 2012 6:57pm Nov 4, 2012 6:57pm
Quoting DaddyBear
My entry will be at 70 or 80. Thanks.
I am now thinking that 62 will be the max.
  • #12,157
  • Nov 4, 2012 7:02pm Nov 4, 2012 7:02pm
I think we'll see an hourly chart doji now.
  • #12,158
  • Nov 4, 2012 8:32pm Nov 4, 2012 8:32pm
Quoting maximmm
I think we'll see an hourly chart doji now.
This Doji could be a transition candle not the top. IMO
daddybearforex. com
  • #12,159
  • Nov 4, 2012 8:34pm Nov 4, 2012 8:34pm
Quoting djambazov84
i was sir, until the tides have turned for the time being and the dead ghosts of slain 1.0645 bulls want their last revenge
Why did you change your long-term bearish view in such a short time frame? Could you share your insights?
daddybearforex. com
  • #12,160
  • Nov 4, 2012 8:35pm Nov 4, 2012 8:35pm
Quoting DaddyBear
This Doji could be a transition candle not the top. IMO
Yep, it seems that it will retest the broken neckline

So, resistance stands at 1.0375/6

I made a minor mistake in thinking that rate decision would take place in 12 hours from now, but given that it won't, I would not be surprised if AUD took its time moving back down to 1.0310 handle.
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