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Aussie Trading Room and Cartoons Gallery

  • #14,001
  • Nov 16, 2012 11:59am Nov 16, 2012 11:59am
DB - What kind of chart are you looking at ? My daily chart says the lower trendline was broken, yours don't. Whats up with that ??? lol
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  • #14,002
  • Nov 16, 2012 12:11pm Nov 16, 2012 12:11pm
Quoting chiknthief
DB - What kind of chart are you looking at ? My daily chart says the lower trendline was broken, yours don't. Whats up with that ??? lol
First, your LTL was not drawn correctly.
Second, it's a channel not a LTL.
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daddybearforex. com
  • #14,003
  • Nov 16, 2012 12:17pm Nov 16, 2012 12:17pm
A daily Doji is being formed on the LTL. Although it's not confirmed, the location gives a clear picture. IMO
daddybearforex. com
  • #14,004
  • Nov 16, 2012 12:18pm Nov 16, 2012 12:18pm
Quoting DaddyBear
First, your LTL was not drawn correctly.
Second, it's a channel not a LTL.


Yeah - this could be true 'IF' todays low is the low. Next week we may know for sure. More PA needed to confirm. Right now the old broken TL is resistance,
  • #14,005
  • Nov 16, 2012 12:23pm Nov 16, 2012 12:23pm
Quoting chiknthief
Yeah - this could be true 'IF' todays low is the low. Next week we may know for sure. More PA needed to confirm. Right now the old broken TL is resistance,
Then, 1.038xx would be a temp resistance.
daddybearforex. com
  • #14,006
  • Nov 16, 2012 12:28pm Nov 16, 2012 12:28pm
Quoting DaddyBear
Then, 1.038xx would be a temp resistance.

YEP
  • #14,007
  • Nov 16, 2012 12:34pm Nov 16, 2012 12:34pm
There are still more bears than bulls in this forum. This may change during this weekend.


http://www.forexfactory.com/attachme...1&d=1353029549
daddybearforex. com
  • #14,008
  • Nov 16, 2012 12:39pm Nov 16, 2012 12:39pm
"Congressional Leaders Voice Optimism After 'Cliff' Talks"

Such hawkish talk will deter the Bears for a few days.
daddybearforex. com
  • #14,009
  • Nov 16, 2012 12:43pm Nov 16, 2012 12:43pm
We're at the crossroads. I'm bearish until the market says otherwise and bullish until the market says otherwise. Right now we're still stuck in that nasty weekly pennant and the apex is still a ways off but it is tightening. Still neutral. Like a BIG spring tightening up and when it unleashes all that pent up power, it'll be fun trading for sure. Hang on !!!
  • #14,010
  • Nov 16, 2012 1:50pm Nov 16, 2012 1:50pm
In this quiet Friday afternoon, Watching the Aussie moving toward 1.05xx is very delightful.

"Every bull has its day!"
daddybearforex. com
  • #14,011
  • Nov 16, 2012 1:53pm Nov 16, 2012 1:53pm
Quoting DaddyBear
In this quiet Friday afternoon, Watching the Aussie moving toward 1.05xx is very delightful.

"Every bull has its day!"
Expect a positive close today. Still 2 hours to go.
daddybearforex. com
  • #14,012
  • Edited 5:33pm Nov 16, 2012 1:57pm | Edited 5:33pm
Let me fly this flag to celebrate the beginning of Finale party.

http://www.forexfactory.com/attachme...1&d=1352515367
daddybearforex. com
  • #14,013
  • Nov 16, 2012 2:06pm Nov 16, 2012 2:06pm
Quoting DaddyBear
Let me flay this flag to celebrate the beginning of Finale party.
How high is the Aussie going to go today? The low liquidity may in fact helps the Aussie move to a higher level sooner than it would be during normal market conditions. IMO
daddybearforex. com
  • #14,014
  • Nov 16, 2012 2:10pm Nov 16, 2012 2:10pm
Quoting DaddyBear
How high is the Aussie going to go today? The low liquidity may in fact helps the Aussie move to a higher level sooner than it would be during normal market conditions. IMO
The number on my mind is 1.038xx which is R1. I know time is limited but everything can happen like what I posted this morning:

Quoting DaddyBear
It is still the early stage of the US session. Anything can happen before the market close at 5 PM.
daddybearforex. com
  • #14,015
  • Nov 16, 2012 2:25pm Nov 16, 2012 2:25pm
Looking positive so far. 40 pips to go.

http://www.forexfactory.com/attachme...1&d=1352776168
daddybearforex. com
  • #14,016
  • Nov 16, 2012 2:28pm Nov 16, 2012 2:28pm
The red line channel in this daily chart looks right so far.

http://www.forexfactory.com/attachme...1&d=1353089487
daddybearforex. com
  • #14,017
  • Nov 16, 2012 2:30pm Nov 16, 2012 2:30pm
Quoting DaddyBear
How high is the Aussie going to go today? The low liquidity may in fact helps the Aussie move to a higher level sooner than it would be during normal market conditions. IMO
The low liquidity is doing its best after the "CLIFF" talk in Washington this morning.
daddybearforex. com
  • #14,018
  • Nov 16, 2012 2:30pm Nov 16, 2012 2:30pm
market remembered that it does not breach any major levels on Friday. Now a retest of 1.037 is likely prior to resumption of the move down.
  • #14,019
  • Nov 16, 2012 2:32pm Nov 16, 2012 2:32pm
Quoting DaddyBear
The low liquidity is doing its best after the "CLIFF" talk in Washington this morning.
Tim is going to keep his long over the weekend. I am thinking doing the same. The positive swap and potential Asian Sunday open gap are incentives to do so.
daddybearforex. com
  • #14,020
  • Nov 16, 2012 2:34pm Nov 16, 2012 2:34pm
Quoting maximmm
market remembered that it does not breach any major levels on Friday. Now a retest of 1.037 is likely prior to resumption of the move down.
1.037 was a old mark and not valid anymore. 1.038xx is the new R. The Aussie may take a break at that level. 30 plus pips to go.
daddybearforex. com
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