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Aussie Trading Room and Cartoons Gallery

  • #12,381
  • Nov 7, 2012 9:32am Nov 7, 2012 9:32am
Quoting DaddyBear
Is the Aussie going to bounce off from the Pivot? Some people may say I should have ..... 2 hours later when it tests 1.048xx again.
If you are about to turn into a bull - that will cement my bearish sentiment^^
  • #12,382
  • Nov 7, 2012 9:33am Nov 7, 2012 9:33am
Quoting DaddyBear
I was dismay at Obama win but it gave me a high level to short last night. Wake up with some profit. I think the bull is not done yet. There shall be another attempt to test 1.05 IMO.
A double top, or a slightly higher top is possible, I admit.
  • #12,383
  • Nov 7, 2012 9:33am Nov 7, 2012 9:33am
Quoting DaddyBear
Is the Aussie going to bounce off from the Pivot? Some people may say I should have ..... 2 hours later when it tests 1.048xx again.
There is no straight line in the Forex charts but waves. When it fell hard it may bounce hard as well. This is physics not art.
daddybearforex. com
  • #12,384
  • Nov 7, 2012 9:35am Nov 7, 2012 9:35am
Quoting maximmm
If you are about to turn into a bull - that will cement my bearish sentiment^^
I am neither a Bull nor a Bear just a speculator. I trade waves. Nothing more and nothing less.
daddybearforex. com
  • #12,385
  • Nov 7, 2012 9:40am Nov 7, 2012 9:40am
Last night I saw greed now it is fear. EM is more critical than MM. It may be tougher to handle EM than MM IMO.
daddybearforex. com
  • #12,386
  • Nov 7, 2012 12:34pm Nov 7, 2012 12:34pm
Dow is off the low but still 250 points so far. Seems to me, the Wall Street does not like Obama win.
daddybearforex. com
  • #12,387
  • Nov 7, 2012 12:36pm Nov 7, 2012 12:36pm
Testing 1.05 may be a tall order for the Bulls but 1.0444 may be in the cards. IMO
daddybearforex. com
  • #12,388
  • Nov 7, 2012 3:27pm Nov 7, 2012 3:27pm
The more I look at H4 the more I believe a Bull tail swing is possible. As to how high the swing will be, UR is the answer IMO.
daddybearforex. com
  • #12,389
  • Nov 7, 2012 3:30pm Nov 7, 2012 3:30pm
Quoting DaddyBear
The more I look at H4 the more I believe a Bull tail swing is possible. As to how high the swing will be, UR is the answer IMO.
If the UR is positive then the swing will be higher, and vice versa.
daddybearforex. com
  • #12,390
  • Nov 7, 2012 3:35pm Nov 7, 2012 3:35pm
DOW lost 313 points due to Obama win.
Attached Image
daddybearforex. com
  • #12,391
  • Nov 7, 2012 3:59pm Nov 7, 2012 3:59pm
Well, NZD short is working out well, so far. I don't think it's going to rally anytime soon again with these numbers.
  • #12,392
  • Nov 7, 2012 4:13pm Nov 7, 2012 4:13pm
So, while NZD is sure to head lower - let's see what the employment numbers in Australia show tonight. If they are the same, AUD is sure to follow NZD lower - much lower. NZD moved 90- pips in 15 minutes. That tells you what sort of reaction you may expect. Of course.... 0.5% increase in unemployment is not a joking manner - so the move is justified in every way.

At the same time, AUD does have scope to move higher from current levels - 50 pips or so.
  • #12,393
  • Nov 7, 2012 5:48pm Nov 7, 2012 5:48pm
Quoting maximmm
So, while NZD is sure to head lower - let's see what the employment numbers in Australia show tonight. If they are the same, AUD is sure to follow NZD lower - much lower. NZD moved 90- pips in 15 minutes. That tells you what sort of reaction you may expect. Of course.... 0.5% increase in unemployment is not a joking manner - so the move is justified in every way.

At the same time, AUD does have scope to move higher from current levels - 50 pips or so.
You think UR will be lower?
daddybearforex. com
  • #12,394
  • Nov 7, 2012 6:11pm Nov 7, 2012 6:11pm
Quoting DaddyBear
Dow dropped more than 200 points. This is the Wall Street's reaction to Obama win. He is so lay back to make some real changes he promised 4 years ago. And yet so many Americans pick him. I guess so many people are on the supports of Obama administration to survive now. This is a sign of the weakness of the US.
And... don't forget that many Americans still blame president bush, alan greenspan and the republican party for bringing America to the brink of financial disaster. 15 million foreclosed homes to date. They don't trust the republican party anymore and who can blame them. Unfortunately, what many don't realize is that what they think is the cure will be worse than the affliction. Public education does not teach students about money and finance. graduates don't know how to read a financial statement and they certainly don't understand the fraud of fractional reserve banking. God bless America - its going to need it.

Regards,
fxstir
  • #12,395
  • Nov 7, 2012 6:36pm Nov 7, 2012 6:36pm
Long from 1.0426 Tp 1.0457 Sl 1.0390
  • #12,396
  • Nov 7, 2012 6:36pm Nov 7, 2012 6:36pm
Quoting DaddyBear
You think UR will be lower?
UR?
  • #12,397
  • Nov 7, 2012 6:38pm Nov 7, 2012 6:38pm
Quoting fxstir
And... don't forget that many Americans still blame president bush, alan greenspan and the republican party for bringing America to the brink of financial disaster. 15 million foreclosed homes to date. They don't trust the republican party anymore and who can blame them. Unfortunately, what many don't realize is that what they think is the cure will be worse than the affliction. Public education does not teach students about money and finance. graduates don't know how to read a financial statement and they certainly don't understand the fraud...
I'm not sure if anyone thinks that Obama is the cure - but it's unlikely that Romney is the cure either - in fact, he could have made things substantially worse for USA and for the rest of the world. Whereas Obama is more likely to keep things more or less stable.
  • #12,398
  • Nov 7, 2012 6:39pm Nov 7, 2012 6:39pm
Well, good numbers from Australia. This tells me that NZD will be much weaker than AUD in the medium term.
  • #12,399
  • Nov 7, 2012 6:39pm Nov 7, 2012 6:39pm
Quoting maximmm
Well, good numbers from Australia. This tells me that NZD will be much weaker than AUD in the medium term.
modest numbers...
  • #12,400
  • Nov 7, 2012 6:41pm Nov 7, 2012 6:41pm
Quoting fxstir
And... don't forget that many Americans still blame president bush, alan greenspan and the republican party for bringing America to the brink of financial disaster. 15 million foreclosed homes to date. They don't trust the republican party anymore and who can blame them. Unfortunately, what many don't realize is that what they think is the cure will be worse than the affliction. Public education does not teach students about money and finance. graduates don't know how to read a financial statement and they certainly don't understand the fraud...
Yes, God bless America!
daddybearforex. com
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