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Aussie Trading Room and Cartoons Gallery

  • #15,361
  • Nov 21, 2012 2:16pm Nov 21, 2012 2:16pm
Beautiful morning star formation, indicator is at the right spot, bounced off the 61.8. 1.05x here we come!
Attached Image (click to enlarge)
Click to Enlarge Name: 11-21-2012 4-15-01 PM.png Size: 42 KB
Good luck and may the odds be ever in your favor!
  • #15,362
  • Nov 21, 2012 2:17pm Nov 21, 2012 2:17pm
Quoting dbutton1990
You bet!
Good luck to you.
daddybearforex. com
  • #15,363
  • Nov 21, 2012 2:17pm Nov 21, 2012 2:17pm
Quoting DaddyBear
Good luck to you.
Thank you!
Good luck and may the odds be ever in your favor!
  • #15,364
  • Nov 21, 2012 2:18pm Nov 21, 2012 2:18pm
Quoting dbutton1990
Beautiful morning star formation, indicator is at the right spot, bounced off the 61.8. 1.05x here we come!
I don't see any star in H4. OZ, do you see it?
daddybearforex. com
  • #15,365
  • Nov 21, 2012 2:21pm Nov 21, 2012 2:21pm
Quoting DaddyBear
I don't see any star in H4. OZ, do you see it?
Daddy, can you post your current chart? I'm interested to see why you can't see it.
Good luck and may the odds be ever in your favor!
  • #15,366
  • Nov 21, 2012 2:25pm Nov 21, 2012 2:25pm
Quoting dbutton1990
Daddy, can you post your current chart? I'm interested to see why you can't see it.
Here you go. H4
Attached Image
daddybearforex. com
  • #15,367
  • Nov 21, 2012 2:26pm Nov 21, 2012 2:26pm
Quoting DaddyBear
Here you go. H4
heh, thats odd. I couldn't tell you.
Good luck and may the odds be ever in your favor!
  • #15,368
  • Nov 21, 2012 2:26pm Nov 21, 2012 2:26pm
Quoting DaddyBear
Here you go. H4
In H4 you may see Ichimoku Cloud is dropping down. This is not short term bullish sign.
daddybearforex. com
  • #15,369
  • Nov 21, 2012 2:27pm Nov 21, 2012 2:27pm
Quoting dbutton1990
heh, thats odd. I couldn't tell you.
May be others can help us out. Anyone?
daddybearforex. com
  • #15,370
  • Nov 21, 2012 2:27pm Nov 21, 2012 2:27pm
Quoting DaddyBear
In H4 you may see Ichimoku Cloud is dropping down. This is not short term bullish sign.
very interesting...I guess we shall see!
Good luck and may the odds be ever in your favor!
  • #15,371
  • Nov 21, 2012 2:29pm Nov 21, 2012 2:29pm
Quoting dbutton1990
very interesting...I guess we shall see!
IF anything bearish happens now, it will be a retest of the bullish engulfing candle which the low is at 1.0353.
Good luck and may the odds be ever in your favor!
  • #15,372
  • Nov 21, 2012 2:29pm Nov 21, 2012 2:29pm
Quoting DaddyBear
May be others can help us out. Anyone?
Nobody has H4 chart?
daddybearforex. com
  • #15,373
  • Nov 21, 2012 2:29pm Nov 21, 2012 2:29pm
Quoting DaddyBear
Nobody has H4 chart?
At least say something about David's Morning Star.

http://www.forexfactory.com/attachme...1&d=1353481972
daddybearforex. com
  • #15,374
  • Nov 21, 2012 2:34pm Nov 21, 2012 2:34pm
Quoting DaddyBear
May be others can help us out. Anyone?
Start of H4 candlesticks hours are different depending on the broker.
  • #15,375
  • Nov 21, 2012 2:35pm Nov 21, 2012 2:35pm
Quoting Tim_isoara
Start of H4 candlesticks hours are different depending on the broker.
This is the reason why. Then, the candle does not mean anything now.
daddybearforex. com
  • #15,376
  • Nov 21, 2012 2:36pm Nov 21, 2012 2:36pm
No need to over-complicate things here. Look at a 4 hour chart (see attached below) and you see that price has respected the rising trendline on many occasions. That same trendline might get in the way of getting to 1.0500 prior to November 28th. Regardless, it seems like a good trade to go long now so long as price is above the support at ~1.0358 (yellow dotted line). A drop below that support and I get out.
Attached Image (click to enlarge)
Click to Enlarge Name: au h4 11-21-2012.jpg Size: 84 KB
  • #15,377
  • Nov 21, 2012 2:39pm Nov 21, 2012 2:39pm
Quoting Trade2Day
No need to over-complicate things here. Look at a 4 hour chart (see attached below) and you see that price has respected the rising trendline on many occasions. That same trendline might get in the way of getting to 1.0500 prior to November 28th. Regardless, it seems like a good trade to go long now so long as price is above the support at ~1.0358 (yellow dotted line). A drop below that support and I get out.
T2D, welcome and thanks for your comments. -DB-
daddybearforex. com
  • #15,378
  • Nov 21, 2012 2:39pm Nov 21, 2012 2:39pm
Quoting DaddyBear
Here you go. H4
i dont know what Star formation looks like..
anyway my chart is the same as yours,
and i find that different charting software has different pattern, i think its because of the timing.

dbutton, where in the world are you?
is your time +x.30 ?
  • #15,379
  • Nov 21, 2012 2:39pm Nov 21, 2012 2:39pm
Quoting DaddyBear
This is the reason why. Then, the candle does not mean anything now.
And daily candlesticks are different depending on broker.
  • #15,380
  • Nov 21, 2012 2:41pm Nov 21, 2012 2:41pm
Quoting Tim_isoara
And daily candlesticks are different depending on broker.
So all the candles we have studied mean nothing now.
daddybearforex. com
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