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  • #14,041
  • Nov 16, 2012 3:41pm Nov 16, 2012 3:41pm
Quoting maximmm
Think about the fiscal cliff?^^ They'll need to see congress pass the bill - it's either do or die.
It it gets passed - as the congress has hinted it might, then you are absolutely right. If it doesn't - hold on to your rocks, because it's going to sink^^
By the time they don't pass the bill, if it does happen, I would already make ton's pips from the bears.
daddybearforex. com
  • #14,042
  • Nov 16, 2012 3:48pm Nov 16, 2012 3:48pm
Quoting maximmm
The move up was based on hopes for fiscal cliff resolution over the weekend = due to some comments made by the congress peeps. If it does not get resolved, I expect this mini rally to unwind on Sunday.

Yet, if it does get resolved - hold on to your horses - AUD will skyrocket.
Did they say a decision is to be made this weekend? Any links?
daddybearforex. com
  • #14,043
  • Nov 16, 2012 3:53pm Nov 16, 2012 3:53pm
By looking at M5 pattern alone, I believe a decent gap up Sunday night is already written on the walls.
daddybearforex. com
  • #14,044
  • Nov 16, 2012 4:00pm Nov 16, 2012 4:00pm
Quoting DaddyBear
As mentioned numerous times before, the market paths were PRESET. When the Aussie hit the daily LTL, the news hit the wires. Obama and the Congress don't trade the Aussie. Why did these two events happen at the same time? There are some invisible elements in the markets and charts. The Law of Market is behind all these moves.

Now, this issue won't have a conclusion this weekend. In fact, I am expecting Chinese new leaders to announce something big this weekend. I was trying to close all longs but decide to keep them over the weekend.

D1 and H4...
I agree that daily candle looks very bullish.

Anyways, I closed my shorts. The week without profits - oh well.

The weekly candle is a doji. So much for a trend^^

In fact, GBP weekly candle is an inverted hammer - might want to play that.
  • #14,045
  • Nov 16, 2012 4:02pm Nov 16, 2012 4:02pm
Quoting DaddyBear
By looking at M5 pattern alone, I believe a decent gap up Sunday night is already written on the walls.
I also think that this is going to be a gap type of weekend opening. Should be interesting.
  • #14,046
  • Nov 16, 2012 4:04pm Nov 16, 2012 4:04pm
Quoting maximmm
I agree that daily candle looks very bullish.

Anyways, I closed my shorts. The week without profits - oh well.

The weekly candle is a doji. So much for a trend^^

In fact, GBP weekly candle is an inverted hammer - might want to play that.
You did not take the profits at daily low? Don't worry, it happens to me often. This is a part of EM, controlling greed and fear.
daddybearforex. com
  • #14,047
  • Nov 16, 2012 4:07pm Nov 16, 2012 4:07pm
Quoting DaddyBear
Did they say a decision is to be made this weekend? Any links?
Ah, you are right. Apparently Geithner said that it is likely to be reached within several weeks.

  • #14,048
  • Nov 16, 2012 4:07pm Nov 16, 2012 4:07pm
Quoting maximmm
I also think that this is going to be a gap type of weekend opening. Should be interesting.
gap up or down?
  • #14,049
  • Nov 16, 2012 4:07pm Nov 16, 2012 4:07pm
Quoting maximmm
I also think that this is going to be a gap type of weekend opening. Should be interesting.
Usually, when I kept positions open over the weekend, I got hammered. When I didn't, it gaped. After thinking all afternoon, I decided to take the risk. No risk no gain. I remember there was a 80 pips gap up. I lost 80 pips right at the open.
daddybearforex. com
  • #14,050
  • Nov 16, 2012 4:08pm Nov 16, 2012 4:08pm
Quoting DaddyBear
You did not take the profits at daily low? Don't worry, it happens to me often. This is a part of EM, controlling greed and fear.
haha - actually, that's not what happened - I got cought in the fakeout breach of 1.03

In fact, when it comes to forex lessons - I've learned the same lesson 3 times this week - wait for the candle to close below the trendline. The good thing is - this lesson came at no financial loss^^
  • #14,051
  • Nov 16, 2012 4:08pm Nov 16, 2012 4:08pm
Quoting Tim_isoara
gap up or down?
I believe it will gap up based on H4 and H1 charts.
daddybearforex. com
  • #14,052
  • Nov 16, 2012 4:11pm Nov 16, 2012 4:11pm
Quoting maximmm
haha - actually, that's not what happened - I got cought in the fakeout breach of 1.03

In fact, when it comes to forex lessons - I've learned the same lesson 3 times this week - wait for the candle to close below the trendline. The good thing is - this lesson came at no financial loss^^
Agree. If it is very clear, I would take the risk without the conformation.
daddybearforex. com
  • #14,053
  • Nov 16, 2012 4:11pm Nov 16, 2012 4:11pm
Quoting DaddyBear
Usually, when I kept positions open over the weekend, I got hammered. When I didn't, it gaped. After thinking all afternoon, I decided to take the risk. No risk no gain. I remember there was a 80 pips gap up. I lost 80 pips right at the open.
Right, that's why I'm not keeping shorts - given that I am somewhat uncertain about next week PA. The weekly candle tells me the same story - uncertainty.
  • #14,054
  • Nov 16, 2012 4:12pm Nov 16, 2012 4:12pm
Quoting DaddyBear
Usually, when I kept positions open over the weekend, I got hammered. When I didn't, it gaped. After thinking all afternoon, I decided to take the risk. No risk no gain. I remember there was a 80 pips gap up. I lost 80 pips right at the open.
on Oanda account never gap. because are open on weekend
  • #14,055
  • Nov 16, 2012 4:14pm Nov 16, 2012 4:14pm
H4 is like a giant cruise ship. It moves slowly but when it does turn around, it stays on the course. Right now I see the positive indications in H4. This will last at least one day minimum.
daddybearforex. com
  • #14,056
  • Nov 16, 2012 4:14pm Nov 16, 2012 4:14pm
Quoting Tim_isoara
on Oanda account never gap. because are open on weekend
Playing during the weekend is somewhat expensive though, no?^^
  • #14,057
  • Nov 16, 2012 4:15pm Nov 16, 2012 4:15pm
Quoting Tim_isoara
on Oanda account never gap. because are open on weekend
Not anymore. They open at 3 PM Sunday.
daddybearforex. com
  • #14,058
  • Nov 16, 2012 4:20pm Nov 16, 2012 4:20pm
Quoting DaddyBear
H4 is like a giant cruise ship. It moves slowly but when it does turn around, it stays on the course. Right now I see the positive indications in H4. This will last at least one day minimum.
On H4 we have abc or 123. That was end C or 3.
  • #14,059
  • Nov 16, 2012 4:23pm Nov 16, 2012 4:23pm
Quoting Tim_isoara
On H4 we have abc or 123. That was end C or 3.
It should be the end of wave c of B. We are at wave a or b of A of C. IMO
daddybearforex. com
  • #14,060
  • Nov 16, 2012 4:23pm Nov 16, 2012 4:23pm
Quoting DaddyBear
Not anymore. They open at 3 PM Sunday.
i have a oanda acc, is change on saturday 1-3 pips
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