Aussie Trading Room and Cartoons Gallery

Quoting DaddyBear

Disliked

What impact will fiscal cliff bring to the Aussie?

"Fearing an increase in capital gains and dividend taxes, many of the rich are unloading stocks, businesses and homes before the end of the year."

http://www.cnbc.com/id/49792979

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Quoting DaddyBear

Disliked

Here is my take for the medium and long term moves:

Before the US fiscal cliff, the Aussie may continue to rise. After that, it starts its long slide back to 0.60xx. IMO

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Quoting DaddyBear

Disliked

The new height of the Bear Mountain: 1.050x

http://www.forexfactory.com/attachme...1&d=1352693316

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Quoting DaddyBear

Disliked

I have found that trading and archery have something in common. Both are in the form of art. When the arrow is attached to the bow, it won't move fast like consolidation PA. When it is shot, the arrow flies like a breakout PA. They all have targets to hit.

Unless the bow is fully stretched, the arrow cannot be shot, by the same token, a breakout cannot happen until the PA is fully wound up.

http://www.forexfactory.com/attachme...6&d=1352752659

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Quoting DaddyBear

Disliked

A test of the Pivot may be in the cards.

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Quoting DaddyBear

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The Pivot is being tested. Can it hold up?

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Quoting DaddyBear

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If not then S1 will come to play.

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Quoting HelloOz

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we should see it moving up now,
i believe bat pattern was formed on 15m chart.

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Quoting DaddyBear

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Could you post your bat pattern?

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Quoting HelloOz

Disliked

i wish i could,
im at office, using fxstreet livechart for my day trading..

but its from 1.047075 to 1.044
X = 1.047075
A = 1.044
B = 1.0418 (61.8)
C = 1.04344 (61.8 from A to B)
D = should be somewhere 1.047 ish?

not sure if the pattern is complete or not,

i just learn about bat pattern this morning and thought i would give it a go,
can you give it a go and let me know if this is true?

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Quoting HelloOz

Disliked

i wish i could,
im at office, using fxstreet livechart for my day trading..

but its from 1.047075 to 1.044
X = 1.047075
A = 1.044
B = 1.0418 (61.8)
C = 1.04344 (61.8 from A to B)
D = should be somewhere 1.047 ish?

not sure if the pattern is complete or not,

i just learn about bat pattern this morning and thought i would give it a go,
can you give it a go and let me know if this is true?

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Quoting DaddyBear

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I am not familiar with bat pattern and not a right person to do so even though I can look at the tips for clues. Hope someone can post the bat.

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Quoting DaddyBear

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BTW, do you trade during office hours? Be careful.

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Quoting HelloOz

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yeap me too,

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Quoting DaddyBear

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That is O.K. I've got my target anyway.

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Quoting HelloOz

Disliked

i wish i could,
im at office, using fxstreet livechart for my day trading..

but its from 1.047075 to 1.044
X = 1.047075
A = 1.044
B = 1.0418 (61.8)
C = 1.04344 (61.8 from A to B)
D = should be somewhere 1.047 ish?

not sure if the pattern is complete or not,

i just learn about bat pattern this morning and thought i would give it a go,
can you give it a go and let me know if this is true?

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Quoting HelloOz

Disliked

your target is 1.05 ?

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Quoting maximmm

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I'm not bullish, but I would not be surprised if aud shot up to 1.0470 and higher prior to a much larger move down.

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Quoting HelloOz

Disliked

bullish bat pattern drawn by me is a fail.

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