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  • #13,741
  • Nov 15, 2012 1:32pm Nov 15, 2012 1:32pm
Quoting DaddyBear
Right now S1 is holding up this baby. Next one is H1 R@ 1.0339 followed by the Pivot @ 1.0394.

1.0365 is Father MAXI's sweet spot. Hope he can dive in from there.

http://www.forexfactory.com/attachme...1&d=1351533857
Lol nice cartoon!
0394 sounds about right!
  • #13,742
  • Nov 15, 2012 1:40pm Nov 15, 2012 1:40pm
Quoting Kissa
Do you mind if i use that image in my profile on another FX site with full credit to DaddyBear ?
You may use that cartoon for the purpose stated with full credit to DaddyBear.
A copyright notice " DBF 2012" must be attached to the cartoon.
No further uses, modifications, copying or distributions are permitted.
No implied license or any other licenses are granted.
-DB-
daddybearforex. com
  • #13,743
  • Nov 15, 2012 2:20pm Nov 15, 2012 2:20pm
hmm...
if you only listen to the poll that today is bear day daddy..
  • #13,744
  • Nov 15, 2012 2:25pm Nov 15, 2012 2:25pm
Quoting HelloOz
hmm...
if you only listen to the poll that today is bear day daddy..
Some people did not update their bias. The result may not be accurate. Also, the poll is for everybody's reference only.
daddybearforex. com
  • #13,745
  • Nov 15, 2012 2:31pm Nov 15, 2012 2:31pm
Quoting DaddyBear
Some people did not update their bias. The result may not be accurate. Also, the poll is for everybody's reference only.
R u still a bull for today?
  • #13,746
  • Nov 15, 2012 2:37pm Nov 15, 2012 2:37pm
Quoting HelloOz
R u still a bull for today?
Yes.
daddybearforex. com
  • #13,747
  • Nov 15, 2012 2:39pm Nov 15, 2012 2:39pm
Quoting HelloOz
R u still a bull for today?
If the majority is bearish, it's time to be bullish. IMO
daddybearforex. com
  • #13,748
  • Nov 15, 2012 2:40pm Nov 15, 2012 2:40pm
Quoting HelloOz
R u still a bull for today?
Are you a bear today?
daddybearforex. com
  • #13,749
  • Nov 15, 2012 2:47pm Nov 15, 2012 2:47pm
MAXI's entry is 35 pips away.
daddybearforex. com
  • #13,750
  • Nov 15, 2012 2:52pm Nov 15, 2012 2:52pm
Quoting DaddyBear
If the majority is bearish, it's time to be bullish. IMO
Daddio - majority is bullish - don't look at your poll.

Btw - a bit of a projection. I expect one last wave higher in usdjpy pair - today it should go around 150 pips - probably till the end of Friday.
Up until now, every wave higher by usdjpy coincided with another wave lower in audusd -

Having said that, although aud will go lower - the question is, what will happen to aud when usdjpy will begin its retraction? That's what we will find out next week. One thing to note, there is a high probability that such a retraction would cause a mini rally in audusd - a retraction type of rally.

Regardless - I'm stepping away from aud for the moment and will place buys in the usdjpy pair for this last rally - one which will lead audusd to make a new low.
Why am I buying usdjpy and not selling audusd? Because the rallies there are greater in scope than the drops in audusd.
  • #13,751
  • Nov 15, 2012 2:55pm Nov 15, 2012 2:55pm
Quoting maximmm
Daddio - majority is bullish - don't look at your poll.

Btw - a bit of a projection. I expect one last wave higher in usdjpy pair - today it should go around 150 pips - probably till the end of Friday.
Up until now, every wave higher by usdjpy coincided with another wave lower in audusd -

Having said that, although aud will go lower - the question is, what will happen to aud when usdjpy will begin its retraction? That's what we will find out next week. One thing to note, there is a high probability that such a retraction would cause a mini...
O.K. I remember you were so bullish on AUD not too long ago if I am not wrong. What makes you so bearish now? The broken TL?
daddybearforex. com
  • #13,752
  • Nov 15, 2012 2:57pm Nov 15, 2012 2:57pm
Quoting DaddyBear
O.K. I remember you were so bullish on AUD not too long ago if I am not wrong. What makes you so bearish now? The broken TL?
I was never bullish on audusd - if you recall, I was always selling nzdusd. The problem with nzdusd is that it did not drop yesterday and won't drop much in the near future - it is already oversold, hence the miniscule drops.

Furthermore, I've mentioned the h/s formation in audusd pair a long time ago - the neckline is at 1.013.

BTW - given just how little aud drops during usdjpy rallies, I suspect that aud will drop to 1.0260/40 level. Somehow I doubt it will go to 1.013 - though I could be wrong and this could be one of those times when AUD may actually outdo jpy in the number of pips in the next 24 hours. We'll see.
  • #13,753
  • Nov 15, 2012 2:59pm Nov 15, 2012 2:59pm
Quoting DaddyBear
O.K. I remember you were so bullish on AUD not too long ago if I am not wrong. What makes you so bearish now? The broken TL?
In fact, I am bearish on AUD after it reaches the upper channel TL at 1.050xx.

http://www.forexfactory.com/attachme...1&d=1351397919
daddybearforex. com
  • #13,754
  • Nov 15, 2012 3:04pm Nov 15, 2012 3:04pm
Quoting DaddyBear
In fact, I am bearish on AUD after it reaches the upper channel TL at 1.050xx.

http://www.forexfactory.com/attachme...1&d=1351397919
Well, we do agree that aud is likely to fall in the medium term. It is our short term projections that differ.
  • #13,755
  • Nov 15, 2012 3:06pm Nov 15, 2012 3:06pm
Quoting maximmm
Well, we do agree that aud is likely to fall in the medium term. It is our short term projections that differ.
I consider the down move is short term. The up move is medium term.
daddybearforex. com
  • #13,756
  • Nov 15, 2012 3:07pm Nov 15, 2012 3:07pm
Quoting DaddyBear
You may use that cartoon for the purpose stated with full credit to DaddyBear.
A copyright notice " DBF 2012" must be attached to the cartoon.
No further uses, modifications, copying or distributions are permitted.
No implied license or any other licenses are granted.
-DB-
Thanks
  • #13,757
  • Nov 15, 2012 3:13pm Nov 15, 2012 3:13pm
Quoting DaddyBear
I consider the down move is short term. The up move is medium term.
I think after aud drops to 1.026/4, it may go back to the 1.04 handle prior to resumption of the downward trend. I don't think 1.05 is in the cards medium term - that's my opinion. As always, PA will decide what's best.
  • #13,758
  • Nov 15, 2012 3:38pm Nov 15, 2012 3:38pm
This is what I see and the rationale for the bullish approach.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-111512-H4.JPG Size: 103 KB
daddybearforex. com
  • #13,759
  • Nov 15, 2012 3:46pm Nov 15, 2012 3:46pm
Quoting DaddyBear
This is what I see and the rationale for the bullish approach.
Oh Papa, I went short again @1.0327 and now I'm underwater papa....i was thinking what maximum is saying is right but it looks like your right and this is turning bullish papa, should i cut and run now or hold my position? i was hoping to tp @1.0290
  • #13,760
  • Nov 15, 2012 3:47pm Nov 15, 2012 3:47pm
Quoting Daytrader74
Oh Papa, I went short again @1.0327 and now I'm underwater papa....i was thinking what maximum is saying is right but it looks like your right and this is turning bullish papa, should i cut and run now or hold my position? i was hoping to tp @1.0290
Wait for another 15mins then decide..
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