Aussie Trading Room and Cartoons Gallery | Page 705 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Cartoons and Pics 2,832 replies

EUR/USD Trading Room 328 replies

Do The Trading Room 20 replies

Attachments: Aussie Trading Room and Cartoons Gallery
Exit Attachments

Aussie Trading Room and Cartoons Gallery

  • #14,081
  • Nov 16, 2012 7:37pm Nov 16, 2012 7:37pm
Quoting maximmm
I think for my projection to be correct, Monday candle should be a hammer. In other words, we should first see a move higher to 1.0375/80 and then a rejection at that level. Of course, if 1.0375 gets broken and the candle closes above, 1.05 or perhaps even 1.06 maybe next.
dont you prefer pin instead of hammer?
  • #14,082
  • Nov 16, 2012 7:40pm Nov 16, 2012 7:40pm
Quoting alam88009
Morning guys
Teach me how to trade ausie I have got a little confuse about making TL here
i still dont understand why your client would want you to trade aussie knowing that you have no experience in this pair.

is she seeking for higher return ?
  • #14,083
  • Nov 16, 2012 7:44pm Nov 16, 2012 7:44pm
Quoting Tim_isoara
i have a oanda acc, is change on saturday 1-3 pips
hello bro..i have oanda account but they never open on weekend again
  • #14,084
  • Edited 8:08pm Nov 16, 2012 7:48pm | Edited 8:08pm
Quoting alam88009
Morning guys
Teach me how to trade ausie I have got a little confuse about making TL here
[Let me make it clear. I am not teaching but sharing.]

Regarding TL, one has to understand that it's a subjective element. Everyone can draw his own TL but it may not match the real trend. It may remain as a line but not a trend.

A TL has to be adjusted periodically to reflect the markets' real moves. Below is an example. The magenta LTL is no longer valid after it was broken. I know it was the basis of the Bears' argument that the Aussie is heading to 1.01xx.

In fact, the magenta LTL was not drawn correctly in the first place.


http://www.forexfactory.com/attachme...1&d=1353089487
daddybearforex. com
  • #14,085
  • Edited 8:10pm Nov 16, 2012 7:57pm | Edited 8:10pm
Quoting maximmm
As for me, I'm still bearish and will continue to be bearish until 1.06 gets taken out (and the daily candle closes above - or so says the lesson of the week^^).

There are too many signs that 1.014 is next - regardless of the daily bullish candle. Once 1.06 gets taken out, I will turn bullish.

PS. The fact that most people are bullish on this pair (according to SSI) works in my favor - that and the weekly chart formations and triangle.
MAXI, this is my 2 cents.

I have never seen your chart so really don't understand your rationales behind your bearish bias. Also, like many others waiting for a breakout to join the party, you are waiting for 1.06 gets taken out before entering long.

My puzzle is that there are more than 250 pips between today's close and 1.06. Why wait until 1.06. What magic factor is behind 1.06? Buying low and selling high is the basic trading rule. What you are saying is to buy high and sell higher. This approach is reserved for pros only. I would never wait and see 250 pips passes by.
daddybearforex. com
  • #14,086
  • Nov 16, 2012 8:01pm Nov 16, 2012 8:01pm
Quoting aqeelaputra
daily its too noise DB longterm its more likely down but i got number > 1.0287-1.0498(slippage) at daily

Attachment
my number miss by 1 pip , but in oanda i got low is 1.0286..market still in tight range for aussie.as long 1.04 not taken out bear still charge

have a nice weekend
  • #14,087
  • Nov 16, 2012 8:03pm Nov 16, 2012 8:03pm
Quoting maximmm
As for me, I'm still bearish and will continue to be bearish until 1.06 gets taken out (and the daily candle closes above - or so says the lesson of the week^^).

There are too many signs that 1.014 is next - regardless of the daily bullish candle. Once 1.06 gets taken out, I will turn bullish.

PS. The fact that most people are bullish on this pair (according to SSI) works in my favor - that and the weekly chart formations and triangle.
I have ignored candle signals like Dojis or Stars befoer. The results were miserable. When the Morning Star appears at distant horizon, there is a profound meaning behind that star. The star may become a huge sun later. Whoever ignored it will be burned badly.
daddybearforex. com
  • #14,088
  • Nov 16, 2012 8:11pm Nov 16, 2012 8:11pm
Quoting aqeelaputra
my number miss by 1 pip , but in oanda i got low is 1.0286..market still in tight range for aussie.as long 1.04 not taken out bear still charge

have a nice weekend
The chances are the Aussie will retake 1.04xx on Monday or Tuesday.
daddybearforex. com
  • #14,089
  • Nov 16, 2012 8:16pm Nov 16, 2012 8:16pm
Quoting DaddyBear
I have ignored candle signals like Dojis or Stars befoer. The results were miserable. When the Morning Star appears at distant horizon, there is a profound meaning behind that star. The star may become a huge sun later. Whoever ignored it will be burned badly.
On the contrary, I'm not ignoring it and said that for my projection to be correct, there the inverse hammer needs to be followed by a hammer candle -
As I'm sure you know, this type of two-candle formation is not exactly unique. Of course, the question is, is that what we will see on Sunday?
I think it's best if we wait and go from there next week.
  • #14,090
  • Nov 16, 2012 8:20pm Nov 16, 2012 8:20pm
Below were my exchanges with Stretch.

The intersection of two LTLs was the low made Friday.

Quoting DaddyBear
In H4, ADX indicates current PA is a retracement not a reversal. I expect another leg down after current PA completes. IMO
Quoting Stretch
Not sure I understand, but you are short term bullish, small retrace to around 0382 or 0396.
Than another leg down to about at least 0275
Before it rallies up to your UTL?

Something like that?
Quoting DaddyBear
Not exactly the same. My view is moving up to somewhere between S1 and the Pivot then dropping to the LTL in my chart. After everything is said and done then she will ride a balloon to the Moon.
http://www.forexfactory.com/attachme...1&d=1353015509
daddybearforex. com
  • #14,091
  • Nov 16, 2012 8:22pm Nov 16, 2012 8:22pm
Quoting maximmm
On the contrary, I'm not ignoring it and said that for my projection to be correct, there the inverse hammer needs to be followed by a hammer candle -
As I'm sure you know, this type of two-candle formation is not exactly unique. Of course, the question is, is that what we will see on Sunday?
I think it's best if we wait and go from there next week.
This makes sense to me. But, I project a green candle on Monday.
daddybearforex. com
  • #14,092
  • Nov 16, 2012 8:27pm Nov 16, 2012 8:27pm
Quoting DaddyBear
The chances are the Aussie will retake 1.04xx on Monday or Tuesday.
i hope that too DB,for make sure how strong 1.4 if not im still wait..,for make sure on daily
  • #14,093
  • Nov 16, 2012 8:28pm Nov 16, 2012 8:28pm
Quoting DaddyBear
MAXI, this is my 2 cents.

I have never seen your chart so really don't understand your rationales behind your bearish bias. Also, like many others waiting for a breakout to join the party, you are waiting for 1.06 gets taken out before entering long.

My puzzle is that there are more than 250 pips between today's close and 1.06. Why wait until 1.06. What magic factor is behind 1.06? Buying low and selling high is the basic trading rule. What you are saying is to buy high and sell higher. This approach is reserved for pros only. I would never wait...
Ah, Daddio, - the classic bottom vs top discussion. The main theme in such discussions is the definition of top and bottom. The same applies to high vs low.

Is AUD low now? Or is it high? Euro has been going down for weeks, while aud has been going up, is Euro too low or high, and is Aud too low or high? Or is it possible that euro is too low while aud is too high? Personally, I would never get too involved in such discussions simply because of the subjective definition of high vs. low.

In regards to 1.06 - it's a very important line in the triangle - even if aud skyrockets 250 pips and stays above 1.06, I'll start buying, only because the trendline has been broken - though you may then start saying how it's too high to buy - using the infamous buy low/sell high motto ^^

Look at the weekly historical chart of aud - it often goes in one direction for 6 or 7 weeks without a retraction. We went lower just a tiny little bit and yet you are already adamantly calling it the bottom ^^ Me? I don't use bottom/top definitions - not when there are trendlines/support/resistance zones.
  • #14,094
  • Nov 16, 2012 8:28pm Nov 16, 2012 8:28pm
Quoting aqeelaputra
i hope that too DB,for make sure how strong 1.4 if not im still wait..,for make sure on daily
Indeed, as the market has taught me the painful lesson this week, it's always good to wait for confirmation^^
  • #14,095
  • Edited 8:48pm Nov 16, 2012 8:31pm | Edited 8:48pm
The reason I think the gap, if any, may not be faded is not because the strong bullish sentiment today but due to the pattern to be formed next on Sunday night.

Asian traders are the driving force of gap. They did not participate today's rally and will catch up at Sunday open and in the evening. Although China is the Aussie's "Papa', The US is still the real player. The cliff issue is very profound not only it effects the US but also has impact on other economies as well. This is going to be a relief rally Sunday and Monday.
daddybearforex. com
  • #14,096
  • Nov 16, 2012 8:35pm Nov 16, 2012 8:35pm
Quoting DaddyBear
Below were my exchanges with Stretch.

The intersection of two LTLs was the low made Friday.







http://www.forexfactory.com/attachme...1&d=1353015509
sorry DB i just edit your picture
Attached Image
  • #14,097
  • Edited 8:52pm Nov 16, 2012 8:36pm | Edited 8:52pm
Quoting aqeelaputra
i hope that too DB,for make sure how strong 1.4 if not im still wait..,for make sure on daily
There are only 60 pips from current level to 1.04. The Aussie's daily range is about 100 pips. 60 pips is within the striking distance. In fact, a gap up to 1.04 is highly possible. I have experienced a 80 pips gap up before. When taking the wide spreads at Sunday open into consideration, this scenario is not out of question.
daddybearforex. com
  • #14,098
  • Nov 16, 2012 8:37pm Nov 16, 2012 8:37pm
Quoting DaddyBear
The reason I think the gap, if any, may not be faded is not because strong bullish sentiment today but due to the pattern to be formed next on Sunday night.

Asian traders are the driving force of gap. They did not participate today's rally and will catch up at Sunday open and in the evening. Although China is the Aussie's "Papa', The US is still the real player. The cliff issue is very profound not only effect the US alone but also other economies as well. This is going to be a relief rally Sunday and Monday.
Has the fiscal cliff been resolved?!
  • #14,099
  • Nov 16, 2012 8:39pm Nov 16, 2012 8:39pm
(Continued) After the strong bounce from 1.028 area, we shall see a retest of 1.044 area next week, after which 1.051 area is well within reach. For bears to see 1.01, the 1.03095 (to be exact) have to be broken first (as seen in weekly chart).
  • #14,100
  • Nov 16, 2012 8:43pm Nov 16, 2012 8:43pm
Quoting DaddyBear
There are only 60 pips from current level to 1.04. The Aussie's daily range is about 100 pips. 60 pips is within the striking distance. In fact, a gap up to 1.04 is highly possible. I have experienced a 80 pips gap up before. When taking the wide spread at Sunday open into consideration, this scenario is not out of question.
yes i know that too..as know if we have gap there will be stong R or S. daily and h4 still not macth on may view that why i closed my order better then sorry. actually still hope antoher leg based on daily but always rejected in 1.04xx area
3 traders viewing now