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Aussie Trading Room and Cartoons Gallery

  • #14,241
  • Nov 18, 2012 7:29am Nov 18, 2012 7:29am
Quoting Kissa
Questions

Might this be of matter http://www.foxnews.com/world/2012/11/16/liberated-iraq-calls-on-arab-states-to-use-oil-as-weapon-against-us/#ixzz2CZwNlsVn

and

your views on trying to correlate this into the price http://www.goldoz.com.au/stock_charts.0.html
The liberal Iraqi made a call only. Nothing more.
I see that gold is going up so is the Aussie.
daddybearforex. com
  • #14,242
  • Nov 18, 2012 7:40am Nov 18, 2012 7:40am
After no breakout of daily LTL on Friday, the Bear was going home with a stop sigh ...........


http://www.forexfactory.com/attachme...1&d=1353174583
daddybearforex. com
  • #14,243
  • Nov 18, 2012 7:44am Nov 18, 2012 7:44am
Quoting Daytrader74
how many pips papa, i'm 5 full lots long papa, i wanna retire on Monday
You may retired with your PT at Sunday open.
daddybearforex. com
  • #14,244
  • Nov 18, 2012 7:51am Nov 18, 2012 7:51am
Quoting DaddyBear
The liberal Iraqi made a call only. Nothing more.
I see that gold is going up so is the Aussie.
TY
  • #14,245
  • Nov 18, 2012 8:40am Nov 18, 2012 8:40am
Quoting DaddyBear
I believe some people still cannot distinguish a channel and a diagonal. Let me use CHIKBEAR's chart with my red line TLs to explain what they are.

The red UTL and magenta LTL formed a H4 diagonal. The red UTL and red LTL formed a D1 channel. The hierarchical rank of a D1 channel is higher than a H4 diagonal. Ken mistakenly thought I meant a diagonal changed to a channel. Both H4 diagonal and D1 channel coexisted for a while. They are different elements in the charts.

You are right about the test of the magenta LTL. But, not sure about...
Sorry for the confusion. What I meant by the test failing is we will see the aud/usd rise above the trend line this week
Good luck and may the odds be ever in your favor!
  • #14,246
  • Nov 18, 2012 8:55am Nov 18, 2012 8:55am
Quoting dbutton1990
Sorry for the confusion. What I meant by the test failing is we will see the aud/usd rise above the trend line this week
I think so too. We have to watch this resistance Sunday night. The level is around 1.039/1.040.

http://www.forexfactory.com/attachme...1&d=1353089487
daddybearforex. com
  • #14,247
  • Nov 18, 2012 9:18am Nov 18, 2012 9:18am
This monthly chart gives a clear signal of what is going to happen next. The pattern indicates a breakout of the upper trend line is imminent. There are a huge number of breakout players waiting for that moment. I expect a thrust after the potential breakout.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-111812-M.JPG Size: 74 KB
daddybearforex. com
  • #14,248
  • Nov 18, 2012 10:52am Nov 18, 2012 10:52am
The audusd - the month chart is creating a flag during the last 2 years and price action is slowly falling away from the flag top, the weekly is retracing back up and also losing strength (chop), the daily just came off it's high and is on it's way down, the 4h however looks to be retracing back to the 104 area, the daily should make it to the 102 area, we will have to reload at that time and re-access direction then.....Longer term 2 years, unless the dollar tanks because we are going 2 million dollars in debt every minute, the month, week and daily are all lining up for a bigger fall together....
The More You Learn, The More You Earn.....
  • #14,249
  • Nov 18, 2012 12:03pm Nov 18, 2012 12:03pm
Quoting forexalien
The audusd - the month chart is creating a flag during the last 2 years and price action is slowly falling away from the flag top, the weekly is retracing back up and also losing strength (chop), the daily just came off it's high and is on it's way down, the 4h however looks to be retracing back to the 104 area, the daily should make it to the 102 area, we will have to reload at that time and re-access direction then.....Longer term 2 years, unless the dollar tanks because we are going 2 million dollars in debt every minute, the month, week...
forexalien, welcome. Thanks for your comments.
daddybearforex. com
  • #14,250
  • Nov 18, 2012 12:15pm Nov 18, 2012 12:15pm
Quoting DaddyBear
This monthly chart gives a clear signal of what is going to happen next. The pattern indicates a breakout of the upper trend line is imminent. There are a huge number of breakout players waiting for that moment. I expect a thrust after the potential breakout.
actually DB im waiting for a test of that line to short only a break to the upside will change my sentiment from sell to buy i voted 1.05 as i think that it will test that line before a big down move cheers

nice thread by the way
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #14,251
  • Nov 18, 2012 12:22pm Nov 18, 2012 12:22pm
Quoting blue_z_zz
actually DB im waiting for a test of that line to short only a break to the upside will change my sentiment from sell to buy i voted 1.05 as i think that it will test that line before a big down move cheers

nice thread by the way
Welcome blue. I had same idea before that after testing 1.05xx, a big down move will follow. Now, I see a possibility of continuing rising toward 1.06 or beyond. The monthly chart gives a better idea. IMO
daddybearforex. com
  • #14,252
  • Nov 18, 2012 12:27pm Nov 18, 2012 12:27pm
Quoting DaddyBear
Welcome blue. I had same idea before that after testing 1.05xx, a big down move will follow. Now, I see a possibility of continuing rising toward 1.06 or beyond. The monthly chart gives a better idea. IMO
but if you take a look at equities plus commodities and add them to the equation plus the momentum indicators to that chart the propilities add up to a down move but after a retracment
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #14,253
  • Nov 18, 2012 12:40pm Nov 18, 2012 12:40pm
Quoting blue_z_zz
but if you take a look at equities plus commodities and add them to the equation plus the momentum indicators to that chart the propilities add up to a down move but after a retracment
Coming week will give us more clues as to the Aussie's next moves.
daddybearforex. com
  • #14,254
  • Nov 18, 2012 12:46pm Nov 18, 2012 12:46pm
Quoting DaddyBear
Coming week will give us more clues as to the Aussie's next moves.
yes you right
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #14,255
  • Nov 18, 2012 12:58pm Nov 18, 2012 12:58pm
I have to agree to DaddyBear's point of view for the long term trend of this pair, below is my chart for the Monthly AUD/USD:

http://3.bp.blogspot.com/-n0eKgTllxe...+01+audusd.gif

On the chart displayed here I see a long term uptrend depicted by the good old 200 EMA, positive divergence with Price Action and CCI plus a support level confluence around 0.9600, although one should bear in mind the big parity 1.0000 is just a little above so that could serve as a nice returning point in case price decides to go lower (current price at 1.0343), the price action formation is that of a bullish pennant in my opinion where market is at the higher part testing the upper trendline of it by this moment, 50% Fibonacci on the last wave is also shown above and not-amazingly it coincides with previous swing high/lows support.
  • #14,256
  • Nov 18, 2012 1:11pm Nov 18, 2012 1:11pm
Quoting Eric D
I have to agree to DaddyBear's point of view for the long term trend of this pair, below is my chart for the Monthly AUD/USD:

http://3.bp.blogspot.com/-n0eKgTllxe...+01+audusd.gif

On the chart displayed here I see a long term uptrend depicted by the good old 200 EMA, positive divergence with Price Action and CCI plus a support level confluence around 0.9600, although one should bear in mind the big parity 1.0000 is just a little above so that could serve as a nice returning point...
that a possibility but until we have a confirmed break some could argue the the aussie is in a down trend for 16 months as you chart shows
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #14,257
  • Nov 18, 2012 1:15pm Nov 18, 2012 1:15pm
Quoting blue_z_zz
that a possibility but until we have a confirmed break some could argue the the aussie is in a down trend for 16 months as you chart shows
Oh yes certainly, it is a very long timeframe chart, just an interesting look perhaps, and it will depend on your timeline of course so as on the price action confirmation as you state, thank you for commenting.
  • #14,258
  • Nov 18, 2012 1:20pm Nov 18, 2012 1:20pm
Quoting Eric D
I have to agree to DaddyBear's point of view for the long term trend of this pair, below is my chart for the Monthly AUD/USD:

http://3.bp.blogspot.com/-n0eKgTllxe...+01+audusd.gif

On the chart displayed here I see a long term uptrend depicted by the good old 200 EMA, positive divergence with Price Action and CCI plus a support level confluence around 0.9600, although one should bear in mind the big parity 1.0000 is just a little above so that could serve as a nice returning point...
Eric, you have provided a good analysis. Not quite understand the meaning of "positive divergence" .
daddybearforex. com
  • #14,259
  • Nov 18, 2012 1:21pm Nov 18, 2012 1:21pm
Quoting blue_z_zz
that a possibility but until we have a confirmed break some could argue the the aussie is in a down trend for 16 months as you chart shows
It is not a downtrend but a consolidation.
daddybearforex. com
  • #14,260
  • Nov 18, 2012 1:21pm Nov 18, 2012 1:21pm
Quoting Eric D
Oh yes certainly, it is a very long timeframe chart, just an interesting look perhaps, and it will depend on your timeline of course so as on the price action confirmation as you state, thank you for commenting.
exactly as DB stated either this week or next we will have a much clear direction on the longer term and thank you eric for your input

for my trade next week i'll be looking for a good entry to short with a stoploss a break of that line and already have limit sells right at the line

good trading
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
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