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  • #14,521
  • Nov 19, 2012 7:29am Nov 19, 2012 7:29am
Quoting pabloski
That's a possible scenario. Besides who has the power, I was reading my chart and it was telling me to buy.
Now what your chart says? Buy/sell?
  • #14,522
  • Nov 19, 2012 7:30am Nov 19, 2012 7:30am
Quoting pabloski
That's a possible scenario. Besides who has the power, I was reading my chart and it was telling me to buy.
I was cautious because it was bed time for me. I also believed the bears were not giving up yet.
daddybearforex. com
  • #14,523
  • Nov 19, 2012 7:32am Nov 19, 2012 7:32am
Quoting Tim_isoara
Retracement. But revised target for short. 1.0360-85
I am revising the number to 1.0365 now.
daddybearforex. com
  • #14,524
  • Nov 19, 2012 7:44am Nov 19, 2012 7:44am
Quoting joechien
sorry, re upload the attachment..
thanks
Well I see you have placed Sell entry stops at the 1.0361 rate, which could or could not be reached in today's price action range, there is nothin wrong with it but I feel it is a little far fetched considering the chart's timeframe, I believe you could wait a little to see how market reacts to the Ichimoku Kijun Sen before placing the entries, as I can see from the chart, it has a recently proven support behavior together with the Tenkan Sen, I used to place my entries when the market was going out of the Senkou in the direction of the breakout.

For the long Buy stop seen on the chart I feel it is somewhat close to the major resistance so that could end up being counter-productive, in this case I feel one would need a break above that level before placing the entry, now... that is only my opinion and must admit I do not trade the Ichimoku anymore, hope it helps.
  • #14,525
  • Edited 8:32am Nov 19, 2012 8:14am | Edited 8:32am
Quoting DaddyBear
This is what I see and the rationale for the bullish approach.
http://www.forexfactory.com/attachme...1&d=1353015509

This was posted on 11/15. Obviously, the path wouldn't be a straight line. Below is a more realistic path. IMO
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-111512-H4-2.JPG Size: 60 KB
daddybearforex. com
  • #14,526
  • Nov 19, 2012 8:26am Nov 19, 2012 8:26am
Activity is piking up
  • #14,527
  • Nov 19, 2012 8:26am Nov 19, 2012 8:26am
Quoting DaddyBear

This was posted on 11/15. Obviously, the path wouldn't be a straight line. Here is a more realistic path. IMO
A wave b retracement was built in before this bounce occurred on 11/16. As to how far it would go, there are some ways to gauge it. The tough part is to know when it will end. The invisible element will play an important role than any other visible elements. I'd assume 6:00 PM or 7:30 PM are to be the potential point of return in terms of the TIME.


http://www.forexfactory.com/attachme...1&d=1353341502
daddybearforex. com
  • #14,528
  • Nov 19, 2012 8:41am Nov 19, 2012 8:41am
4h Chart,
long term target is 1.057..
maybe i will change my vote
Attached Image (click to enlarge)
Click to Enlarge Name: Cyipher.jpg Size: 214 KB
  • #14,529
  • Nov 19, 2012 8:46am Nov 19, 2012 8:46am
At the .764 retrace (http://www.forexfactory.com/showthread.php?p=6204812#post6204812) on the hourly. In the next two candles, if price doesn't break the fib ratio, I don't know what will happen. However, if it's above the .50 ratio when it leaves the pattern, it will move down when it does leave the pattern. The farther away from the .50 ratio, the faster it will fall. However, I don't think the .764 retrace will be broken.

Edit: 1H
Attached Image (click to enlarge)
Click to Enlarge Name: 1Huadusd.png Size: 44 KB
Play the players, not the cards.
  • #14,530
  • Nov 19, 2012 8:47am Nov 19, 2012 8:47am
Quoting HelloOz
4h Chart,
long term target is 1.057..
maybe i will change my vote
How long is your long term?
daddybearforex. com
  • #14,531
  • Nov 19, 2012 8:48am Nov 19, 2012 8:48am
Quoting HelloOz
4h Chart,
long term target is 1.057..
maybe i will change my vote
this is a IG markets chart?
  • #14,532
  • Nov 19, 2012 8:52am Nov 19, 2012 8:52am
Quoting DaddyBear
How long is your long term?
good question..
i dont know..

maybe you can tell me from your EWC ?

im shorting now, target 1.0338 - 1.0316 (see green fib)
  • #14,533
  • Nov 19, 2012 8:53am Nov 19, 2012 8:53am
Quoting Tim_isoara
this is a IG markets chart?
they use Advanced IT Finance Chart
  • #14,534
  • Nov 19, 2012 8:54am Nov 19, 2012 8:54am
This is a retracement......
Attached Image (click to enlarge)
Click to Enlarge Name: BALL-2.JPG Size: 81 KB
daddybearforex. com
  • #14,535
  • Nov 19, 2012 8:59am Nov 19, 2012 8:59am
Quoting HelloOz
they use Advanced IT Finance Chart
I have been a client of IG. Very good charts.
  • #14,536
  • Nov 19, 2012 9:00am Nov 19, 2012 9:00am
Quoting Tim_isoara
I have been a client of IG. Very good charts.
their chart is not bad,
but sometimes i couldnt save my work so i have to redo, pain in the arse..
  • #14,537
  • Nov 19, 2012 9:04am Nov 19, 2012 9:04am
Quoting HelloOz
their chart is not bad,
but sometimes i couldnt save my work so i have to redo, pain in the arse..
im going back to bed,
cya guys later.
happy trading..
  • #14,538
  • Nov 19, 2012 9:09am Nov 19, 2012 9:09am
Quoting HelloOz
good question..
i dont know..

maybe you can tell me from your EWC ?

im shorting now, target 1.0338 - 1.0316 (see green fib)
EWP cannot tell when the end of a wave will be. Shorting this baby now is like walking on the thin ice. You never know when you will be under the water. The daily chart has a strong bullish bias now IMO.
daddybearforex. com
  • #14,539
  • Nov 19, 2012 9:13am Nov 19, 2012 9:13am
I see the gap between the Bulls and the Bears is widening. By tonight, I expect to see more 1.05xx votes.

http://www.forexfactory.com/attachme...1&d=1353029549
daddybearforex. com
  • #14,540
  • Nov 19, 2012 9:27am Nov 19, 2012 9:27am
Quoting Eric D
Well I see you have placed Sell entry stops at the 1.0361 rate, which could or could not be reached in today's price action range, there is nothin wrong with it but I feel it is a little far fetched considering the chart's timeframe, I believe you could wait a little to see how market reacts to the Ichimoku Kijun Sen before placing the entries, as I can see from the chart, it has a recently proven support behavior together with the Tenkan Sen, I used to place my entries when the market was going out of the Senkou in the direction of the breakout.

For...
well that's a error trade in fact..taken when i'm half asleep and doesn't read the indicator too well..
when i realize it..i still hope to cover it with a few pips below my short, and oh well..i'm to optimism and my short appear to be the foot holder for the bull to climb up again..
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