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  • #12,161
  • Nov 4, 2012 9:03pm Nov 4, 2012 9:03pm
Quoting maximmm
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.
Which neckline?
daddybearforex. com
  • #12,162
  • Nov 4, 2012 9:13pm Nov 4, 2012 9:13pm
Quoting DaddyBear
Which neckline?
I once posted a chart - there's a h/s formation on the 4 hour chart.
A breach of 1.03 will lead AUD to reach 1.015.

Coincidentally, 1.015 is a neckline of a much larger h/s formation - on daily chart. A breach of 1.015 will lead AUD to reach 0.98.

AUD is/was (I say was only because the 1st h/s formation neckline was just recently broken) essentially 3 head and shoulder formations in one. It's kind of cool ^^
  • #12,163
  • Nov 4, 2012 9:17pm Nov 4, 2012 9:17pm
It was the same chart where I explained how to safely play h/s formation.
  • #12,164
  • Nov 4, 2012 11:55pm Nov 4, 2012 11:55pm
1.04 again???


Quoting maximmm
It was the same chart where I explained how to safely play h/s formation.
  • #12,165
  • Nov 5, 2012 12:07am Nov 5, 2012 12:07am
Just food for thought
If Romney wins Tues we could see greenbacks gaining on all dollar pairs.
If Obama wins we could see the opposite.
Business community and wall street is behind Romney.
In trading, you have to be defensive and aggressive at the same time
  • #12,166
  • Nov 5, 2012 12:07am Nov 5, 2012 12:07am
1.0377 should be the top
  • #12,167
  • Nov 5, 2012 4:15am Nov 5, 2012 4:15am
Quoting DaddyBear
Why did you change your long-term bearish view in such a short time frame? Could you share your insights?
Suddenly, some ultra-bears turn to bulls. This is a warning sign of going south for now. IMO
daddybearforex. com
  • #12,168
  • Nov 5, 2012 4:19am Nov 5, 2012 4:19am
Quoting Davit
Just food for thought
If Romney wins Tues we could see greenbacks gaining on all dollar pairs.
If Obama wins we could see the opposite.
Business community and wall street is behind Romney.
The super storm Sandy hit Democrat's blue states hard. This may cause the low turnout on 11/6 election. Bad for Obama. Positive for the USD.
daddybearforex. com
  • #12,169
  • Nov 5, 2012 4:27am Nov 5, 2012 4:27am
Quoting DaddyBear
The super storm Sandy hit Democrat's blue states hard. This may cause the low turnout on 11/6 election. Bad for Obama. Positive for the USD.
Obama may still win some swing States but loses some of the blue States in the East Coast. Ends up a Romney's victory on Tuesday. A RBA rate cut plus a Romney's victory would push the Aussie toward the parity this week. IMO
daddybearforex. com
  • #12,170
  • Nov 5, 2012 4:35am Nov 5, 2012 4:35am
Some Ultra-Bulls have been poisoned by the China news for a long time. Regardless of whether or not the data was real, they have embraced every piece of "good" news came out from China. Last night's PA was a good example of such reaction. China is only a piece of the big picture. China is not the Aussie's Papa.
daddybearforex. com
  • #12,171
  • Nov 5, 2012 7:13am Nov 5, 2012 7:13am
1.0385 is now resistance - so it may go that high now. AUD is the strongest currency of the day^^
  • #12,172
  • Nov 5, 2012 9:45am Nov 5, 2012 9:45am
Quoting maximmm
1.0385 is now resistance - so it may go that high now. AUD is the strongest currency of the day^^
1.0375 is more likely.
daddybearforex. com
  • #12,173
  • Nov 5, 2012 10:17am Nov 5, 2012 10:17am
Quoting DaddyBear
Obama may still win some swing States but loses some of the blue States in the East Coast. Ends up a Romney's victory on Tuesday. A RBA rate cut plus a Romney's victory would push the Aussie toward the parity this week. IMO
hello DB ! i don't know the results of US presidential election.will you please clear about your view about AU for tomorrow,i didn't understand whether you are bull or bear personally. thanks
Sometimes it's better to be wrong,to learn..
  • #12,174
  • Nov 5, 2012 10:23am Nov 5, 2012 10:23am
Quoting KiNgEdwarD
hello DB ! i don't know the results of US presidential election.will you please clear about your view about AU for tomorrow,i didn't understand whether you are bull or bear personally. thanks
please answer i'm waiting for your view about au for this week,thanks
Sometimes it's better to be wrong,to learn..
  • #12,175
  • Nov 5, 2012 10:24am Nov 5, 2012 10:24am
Quoting KiNgEdwarD
hello DB ! i don't know the results of US presidential election.will you please clear about your view about AU for tomorrow,i didn't understand whether you are bull or bear personally. thanks
I am neither a Bull nor a Bear but a speculator. Tomorrow I believe it's going to be a red candle day. The size could be "X". IMO
daddybearforex. com
  • #12,176
  • Nov 5, 2012 10:26am Nov 5, 2012 10:26am
Quoting DaddyBear
I am neither a Bull nor a Bear but a speculator. Tomorrow I believe it's going to be a red candle day. The size could be "X". IMO
thank you very much
Sometimes it's better to be wrong,to learn..
  • #12,177
  • Nov 5, 2012 10:42am Nov 5, 2012 10:42am
Quoting KiNgEdwarD
thank you very much
Please bear in mind, this is my view not a fact until it is fulfilled later. It may not happen at all. Unlike most experts, I prefer not to give a two-direction opinions. [btw, I am not an expert.] By giving a two-direction opinions, they won't fail in any circumstances regardless of what were really in their minds. This is to protect their reputations. I don't need such BULLEAR reputation. IMO
daddybearforex. com
  • #12,178
  • Nov 5, 2012 10:47am Nov 5, 2012 10:47am
Quoting DaddyBear
Please bear in mind, this is my view not a fact until it is fulfilled later. It may not happen at all. Unlike most "experts", I prefer not to give a two-direction opinions. [btw, I am not an expert.] By giving a two-direction opinions, they won't fail in any circumstances regardless of what were really in their minds. This is to protect their reputations. I don't need such BULLEAR reputation. IMO
i'm looking for selling at 0375-80 area with stop at 95 tp 0300..just wanted your view ,i'm firm on that trade..let see what happens tomorrow..good night..
Sometimes it's better to be wrong,to learn..
  • #12,179
  • Nov 5, 2012 10:58am Nov 5, 2012 10:58am
Quoting KiNgEdwarD
i'm looking for selling at 0375-80 area with stop at 95 tp 0300..just wanted your view ,i'm firm on that trade..let see what happens tomorrow..good night..
Don't take my words. Use your own judgement. Are you the same King I knew before?
daddybearforex. com
  • #12,180
  • Nov 5, 2012 12:03pm Nov 5, 2012 12:03pm
It is stuck but it's not the end of the game. The stronger one is the servant of the weaker one.
daddybearforex. com
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