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Aussie Trading Room and Cartoons Gallery

  • #14,101
  • Nov 16, 2012 8:44pm Nov 16, 2012 8:44pm
Quoting maximmm
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...
You have taken my messages out of the context. There is no real bottom except zero and there is no real top until hitting the Moon. Everything is relative. When I mentioned "bottom", it is a temporary low.

I wouldn't think 1.06 is too high. You may look at my chart below. I expect the Aussie to test 1.11xx later. My point was that why not trade within the triangle or range. There are money to make every day and at every level. Have good trading next week.


http://www.forexfactory.com/attachme...1&d=1352525455
daddybearforex. com
  • #14,102
  • Nov 16, 2012 8:49pm Nov 16, 2012 8:49pm
Quoting DaddyBear
You have taken my messages out of the context. There is no real bottom except zero and there is no real top until hitting the Moon. Everything is relative. When I mentioned "bottom", it is a temporary low.

I wouldn't think 1.06 is too high. You may look at my chart below. I expect the Aussie to test 1.11xx later. My point was that why not trade within the triangle or range. There are money to make every day and at every level. Have good trading next week.


http://www.forexfactory.com/attachme...1&d=1352525455...
Same chart - I expect aud to retest the bottom of the triangle at 0.98.

BTW - I was wrong about 1.0375 being the line in the sand, though it is certainly the first major resistance for aud. Above that is the much bigger resistance at 1.0435. If aud goes above that, then 1.06 may be next.
  • #14,103
  • Nov 16, 2012 8:51pm Nov 16, 2012 8:51pm
Quoting aqeelaputra
sorry DB i just edit your picture
Attachment
http://www.forexfactory.com/attachme...1&d=1353119640


Do you really think so? The horizontal zone does not make sense to me.
daddybearforex. com
  • #14,104
  • Nov 16, 2012 8:55pm Nov 16, 2012 8:55pm
Quoting maximmm
Has the fiscal cliff been resolved?!
This 'CLIFF" won't be solved in a few days. It will be dragging the market for a few weeks and creates volatility for the markets.
daddybearforex. com
  • #14,105
  • Edited 9:08pm Nov 16, 2012 8:56pm | Edited 9:08pm
Quoting dav7
(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).
Cannot agree with you more. DB
daddybearforex. com
  • #14,106
  • Nov 16, 2012 8:58pm Nov 16, 2012 8:58pm
Quoting DaddyBear
http://www.forexfactory.com/attachme...1&d=1353119640


Do you really think so? The horizontal zone does not make sense to me.
playing simple its more fun for me.."my rules" always see reaction first. if im wrong i have stoploss .dont think so hard with this game DB..market always change everday
  • #14,107
  • Nov 16, 2012 9:01pm Nov 16, 2012 9:01pm
Quoting aqeelaputra
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
My take is that whether or not a gap happens on Sunday open, the Aussie is not going to drop like what we have witnessed these few days. It either opens at the same level or gaps up big. I keep my longs over the weekend. The reward is greatly outweigh the risk.
daddybearforex. com
  • #14,108
  • Nov 16, 2012 9:05pm Nov 16, 2012 9:05pm
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 spreads at Sunday open into consideration, this scenario is not out of question.
That would be a dream cum true papa, I'm long 5 full lots
  • #14,109
  • Nov 16, 2012 9:06pm Nov 16, 2012 9:06pm
Quoting maximmm
Same chart - I expect aud to retest the bottom of the triangle at 0.98.

BTW - I was wrong about 1.0375 being the line in the sand, though it is certainly the first major resistance for aud. Above that is the much bigger resistance at 1.0435. If aud goes above that, then 1.06 may be next.
I don't think the Aussie is going to test 1.06 this time. Low 1.05xx could be the peak for the Aussie next week. After that she will be heading south to test the 1.01xx zone.

http://www.forexfactory.com/attachme...1&d=1352525455
daddybearforex. com
  • #14,110
  • Nov 16, 2012 9:08pm Nov 16, 2012 9:08pm
Quoting DaddyBear
My take is that whether or not a gap happens on Sunday open, the Aussie is not going to drop like what we have witnessed these few days. It either opens at the same level or gaps up big. I keep my longs over the weekend. The reward is greatly outweigh the risk.
sure DB..just follow your system its the best for you i have go with my kid see you next week..

green pip for all cartoons
  • #14,111
  • Nov 16, 2012 9:10pm Nov 16, 2012 9:10pm
Quoting Daytrader74
That would be a dream cum true papa, I'm long 5 full lots
Your daydream will come true on Sunday evening. Bear in mind, my scenario may not happen at all. I am writing a fiction of gap up tonight for entertainment purpose.
daddybearforex. com
  • #14,112
  • Nov 16, 2012 9:11pm Nov 16, 2012 9:11pm
Quoting DaddyBear
Your daydream will come true on Sunday evening.
I went long 5 full lots @1.0290 Papa if gap up like you say I clean up big time Papa
  • #14,113
  • Nov 16, 2012 9:16pm Nov 16, 2012 9:16pm
16/16. It is tie again. Great!

http://www.forexfactory.com/attachme...1&d=1353029549
daddybearforex. com
  • #14,114
  • Edited 10:40pm Nov 16, 2012 9:17pm | Edited 10:40pm
Quoting Daytrader74
I went long 5 full lots @1.0290 Papa if gap up like you say I clean up big time Papa
Bear in mind, my scenario may not happen at all. I am writing a fiction of gap up tonight for entertainment purpose.

But, the chances are highly likely. if it does happen the way I think, You may retired on Sunday night.
daddybearforex. com
  • #14,115
  • Nov 16, 2012 9:55pm Nov 16, 2012 9:55pm
Quoting Daytrader74
That would be a dream cum true papa, I'm long 5 full lots
DT, are you joking with me? You have voted for the Bear to test 1.01xx first.
daddybearforex. com
  • #14,116
  • Nov 16, 2012 10:05pm Nov 16, 2012 10:05pm
This is the first time the Bull and the Bear have something in common. They are thinking like human beings.
Attached Image (click to enlarge)
Click to Enlarge Name: POLL-3.JPG Size: 62 KB
daddybearforex. com
  • #14,117
  • Nov 17, 2012 12:01am Nov 17, 2012 12:01am
The new poll results: 16/18

There are more Bulls now. Please vote for the right choice based on your judgement. Don't be influenced by the messages posted in this forum.
Attached Image
daddybearforex. com
  • #14,118
  • Edited 12:02pm Nov 17, 2012 12:03am | Edited 12:02pm
The Bull ran into the Bear outside a market ........

http://www.forexfactory.com/attachme...2&d=1353174997
daddybearforex. com
  • #14,119
  • Edited 12:19am Nov 17, 2012 12:06am | Edited 12:19am
Quoting DaddyBear
The Bull ran into the Bear outside a market ........
The Bull did not understand why the Bear chose that location .......
Attached Image (click to enlarge)
Click to Enlarge Name: BREAKOUT-2.JPG Size: 78 KB
daddybearforex. com
  • #14,120
  • Nov 17, 2012 12:14am Nov 17, 2012 12:14am
The cartoons posted above were inspired by some people's "breakout" trading concept. There is nothing personal. Please take it easy. -DB-
daddybearforex. com
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