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  • #14,681
  • Nov 19, 2012 6:57pm Nov 19, 2012 6:57pm
Quoting HelloOz
retrace to 1.033
I mean, where is this pattern? What TF? I don't see any HS at all. Though, I was knocked out of my short by a pip. I really need to stop putting on stop loss orders.
Play the players, not the cards.
  • #14,682
  • Nov 19, 2012 6:58pm Nov 19, 2012 6:58pm
Quoting GnarlyPips
Do what now?
I've been shorting this - I'm just saying that it does appear as if there an inverse head and shoulders formation forming -
If it doesn't form, so much the better^^
  • #14,683
  • Nov 19, 2012 6:59pm Nov 19, 2012 6:59pm
Quoting GnarlyPips
I mean, where is this pattern? What TF? I don't see any HS at all. Though, I was knocked out of my short by a pip. I really need to stop putting on stop loss orders.
Ah - it hasn't formed yet - at all

It would have been formed if aud tested 1.0344 then went lower to 1.0265 and then back to 1.0340 - 4 hour chart
  • #14,684
  • Nov 19, 2012 7:02pm Nov 19, 2012 7:02pm
Quoting GnarlyPips
I mean, where is this pattern? What TF? I don't see any HS at all. Though, I was knocked out of my short by a pip. I really need to stop putting on stop loss orders.

Also considering Stop Loss as what i actually is, a sure way to Loss.

Im not saying SL is bad, I use em in every trade but i refuse to set them so as to make me lose trades and call them something else than SL.
  • #14,685
  • Nov 19, 2012 7:40pm Nov 19, 2012 7:40pm
There is a significant drop coming
Attached Image (click to enlarge)
Click to Enlarge Name: 11-19-2012 7-38-52 PM.png Size: 32 KB
Good luck and may the odds be ever in your favor!
  • #14,686
  • Nov 19, 2012 7:46pm Nov 19, 2012 7:46pm
Quoting GnarlyPips
I mean, where is this pattern? What TF? I don't see any HS at all. Though, I was knocked out of my short by a pip. I really need to stop putting on stop loss orders.
You NEVER want to stop putting on stop loss orders. You will blow your account that way. A good thing to do is if you are selling, place it 10 pips above the most recent high, if you are buying, place it 20 pips below the most recent low.
Good luck and may the odds be ever in your favor!
  • #14,687
  • Nov 19, 2012 7:48pm Nov 19, 2012 7:48pm
Quoting dbutton1990
There is a significant drop coming
what indicator is the curve in the lower panel?
daddybearforex. com
  • #14,688
  • Nov 19, 2012 7:50pm Nov 19, 2012 7:50pm
Quoting dbutton1990
There is a significant drop coming
hit right on the 78.6
now its time to go back to 1.033
  • #14,689
  • Nov 19, 2012 7:51pm Nov 19, 2012 7:51pm
Quoting DaddyBear
what indicator is the curve in the lower panel?
To be honest, i'm not sure...I'm sure it's proprietary to the charting software I'm using. I can PM you with the name of the software if you want.
Good luck and may the odds be ever in your favor!
  • #14,690
  • Nov 19, 2012 8:03pm Nov 19, 2012 8:03pm
Quoting HelloOz
hit right on the 78.6
now its time to go back to 1.033
If the technicals are correct, we should see 1.0265. I have closed my long. I will be waiting for a evening star or bearish engulfing candle before going short.
Good luck and may the odds be ever in your favor!
  • #14,691
  • Nov 19, 2012 8:31pm Nov 19, 2012 8:31pm
Quoting dbutton1990
To be honest, i'm not sure...I'm sure it's proprietary to the charting software I'm using. I can PM you with the name of the software if you want.
Thanks. Please PM me.
daddybearforex. com
  • #14,692
  • Nov 19, 2012 8:34pm Nov 19, 2012 8:34pm
This might be of interest to someone:

FXstreet.com (San Francisco) - According to Sean Callow, FX strategist with the Westpac Global Strategy Group, the prospects are increasingly negative for EUR/AUD, and “we should see the cross back to 1.19 or lower,” he says.

“EUR/AUD has spent a decent 8% of its trading days since the 1983 float below 1.25. However, most of
these were in 1983-1985 (using AUD/DEM)," explains Mr. Callow. “With the Eurozone likely to remain in recession well into 2013 in contrast to Australian GDP growth near 3%, the pair will remain historically strong. But into year end, the RBA cut we expect in Dec should help limit downside on EUR/AUD.”
  • #14,693
  • Nov 19, 2012 8:59pm Nov 19, 2012 8:59pm
After looking at M15 Ichimoku clouds, My view is that the retracement could be limited. Current depth of the cloud is 15 pips. This is the support zone. Unless the lower boundary breaks, the Aussie will be supported by the cloud.
daddybearforex. com
  • #14,694
  • Nov 19, 2012 9:05pm Nov 19, 2012 9:05pm
Quoting dbutton1990
If the technicals are correct, we should see 1.0265. I have closed my long. I will be waiting for a evening star or bearish engulfing candle before going short.
I am seeing 1.0240 area also.....
The More You Learn, The More You Earn.....
  • #14,695
  • Nov 19, 2012 9:37pm Nov 19, 2012 9:37pm
Quoting forexalien
I am seeing 1.0240 area also.....
We will see what this candle on the m4 does
Good luck and may the odds be ever in your favor!
  • #14,696
  • Nov 19, 2012 9:40pm Nov 19, 2012 9:40pm
Quoting djambazov84
Quote:
Originally Posted by DaddyBear http://images.forexfactory.net/buttons/viewpost.gif (http://www.forexfactory.com/showthread.php?p=6161013#post6161013)
Seems to me, China's good news did not provide much power to the Bulls. The up move so far is sluggish at beat.






we are still on our marry way there, nothing has changed ever since

change of gears, annoying bullear in me ....
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud_usd_positiontrade21.jpg Size: 108 KB
Click to Enlarge Name: aud_usd_positiontrade23.jpg Size: 126 KB
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #14,697
  • Nov 19, 2012 9:49pm Nov 19, 2012 9:49pm
Quoting djambazov84
change of gears, annoying bullear in me ....
This message was posted on 11/4. It was for that particular Chinese news. When the world changes, so does my view. Seems to me, you are very interested in studying my messages and take them out of the context. Please take time to study trading and make pips for yourself.
daddybearforex. com
  • #14,698
  • Nov 19, 2012 9:53pm Nov 19, 2012 9:53pm
aud seems anti bullish
  • #14,699
  • Nov 19, 2012 9:55pm Nov 19, 2012 9:55pm
Quoting DaddyBear
This message was posted on 11/4. It was for that particular Chinese news. When the world changes, so does my view. Seems to me, you are very interested in studying my messages and take them out of the context. Please take time to study trading and make pips for yourself.
BTW, this is a BULLEAR. In case you haven't seen him before.

http://www.forexfactory.com/attachme...1&d=1342422802
daddybearforex. com
  • #14,700
  • Nov 19, 2012 9:55pm Nov 19, 2012 9:55pm
Quoting maximmm
aud seems anti bullish
Do you mean pro bear?
daddybearforex. com
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