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Aussie Trading Room and Cartoons Gallery

  • #15,581
  • Nov 22, 2012 12:51pm Nov 22, 2012 12:51pm
Quoting blue_z_zz
no market untill asia open
The low volume may cause the distortion of the PA. I would stay watching my positions. Since 11/21, I have sensed the strong underlying bullish sentiment. Shorting now is like walking on the thin ice.
daddybearforex. com
  • #15,582
  • Nov 22, 2012 1:04pm Nov 22, 2012 1:04pm
Quoting DaddyBear
The low volume may cause the distortion of the PA. I would stay watching my positions. Since 11/21, I have sensed the strong underlying bullish sentiment. Shorting now is like walking on the thin ice.
i see it the other way around DB last night 1.04 rejection after a good chines no. does not fill me in confidence being a bull
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #15,583
  • Nov 22, 2012 1:16pm Nov 22, 2012 1:16pm
Quoting DaddyBear
The rationales that I use 13 instead of 14 are as follows:

1. There is no reason to use 14.
2. 13 is a Fibonacci number.
3. Most importantly, 13 gives me the edge to stay one step ahead of 14, which is used by everyone except me.
To stay ahead of the 13 fibo number, I use a ADX 7 , ADX 21 and ADX 42, it is like riding a 10 speed bike, not a horse and cart. I like to think in Light years not the stone age.......
The More You Learn, The More You Earn.....
  • #15,584
  • Nov 22, 2012 1:16pm Nov 22, 2012 1:16pm
Quoting Tim_isoara
I use ADX 14 with 3 lines
What is the 3 lines? D+ and D- with main ?
The More You Learn, The More You Earn.....
  • #15,585
  • Edited 1:53pm Nov 22, 2012 1:32pm | Edited 1:53pm
Quoting blue_z_zz
i see it the other way around DB last night 1.04 rejection after a good chines no. does not fill me in confidence being a bull
The markets need the Bulls and the Bears as well, otherwise they cannot function normally.

As to the CNY good data, the Aussie did not act proportionally and revered course last night. In this regard, I'd like to repeat what I mentioned many times before in this forum that the markets' paths were preset longtime ago. The driving force behind the markets is the Law of Market not fundamentals.

Based on TLOM, I would be able to project, not predict, the Aussie's next moves. I cannot be right all the time because I as a human cannot see into the future. But at least I have stayed ahead of the curve most of the time.

Even CNY data did not excite the Aussie traders, I wouldn't be surprised. My task is to find the footprints of TLOM and follow him.
daddybearforex. com
  • #15,586
  • Edited 1:53pm Nov 22, 2012 1:38pm | Edited 1:53pm
Quoting forexalien
To stay ahead of the 13 fibo number, I use a ADX 7 , ADX 21 and ADX 42, it is like riding a 10 speed bike, not a horse and cart. I like to think in Light years not the stone age.......
Good points. But, could that be very confused? Also, why 42? Because of 7 x 6 = 42?

I have tried different Fibonacci numbers and found 13 to be the most appropriate number for ADX.
daddybearforex. com
  • #15,587
  • Nov 22, 2012 1:41pm Nov 22, 2012 1:41pm
Quoting DaddyBear
The markets need the Bull and the Bears as well, otherwise they cannot function normally.

As to the CNY good data, the Aussie did not act proportionally and revered course last night. In this regard, I'd like to repeat what I mentioned many times before in this forum that the markets' paths were preset longtime ago. The driving force behind the markets is the Law of Market not fundamentals.

Based on TLOM, I would be able to project, not predict, the Aussie's next moves. I cannot be right all the time because I as a human cannot see into the...
so your projecting 1.05 not bad

good night aussie tader going to watch football
Bulls Make Money, Bears Make Money, Pigs Get Slaughtered
  • #15,588
  • Edited 1:54pm Nov 22, 2012 1:42pm | Edited 1:54pm
Quoting forexalien
To stay ahead of the 13 fibo number, I use a ADX 7 , ADX 21 and ADX 42, it is like riding a 10 speed bike, not a horse and cart. I like to think in Light years not the stone age.......
BTW, you may not just keep the number lower in order to stay ahead of the curve. Because 13 is one number less than 14 which is the number people use most.

In your case, I would suggest using ADX5, ADX3 or even ADX2. Then the nature of ADX may get lost completely.
daddybearforex. com
  • #15,589
  • Nov 22, 2012 1:49pm Nov 22, 2012 1:49pm
Quoting blue_z_zz
so your projecting 1.05 not bad

good night aussie tader going to watch football
Thanks. Bear in mind, that was my projection not the fact yet. It remains to be seen later. I am not afraid of making projections and facing the possible inaccuracy results later. I am a risk taker. The more projections I make, the more accurate they will be in the future.
daddybearforex. com
  • #15,590
  • Nov 22, 2012 1:51pm Nov 22, 2012 1:51pm
Quoting blue_z_zz
so your projecting 1.05 not bad

good night aussie tader going to watch football
Good night blue.
daddybearforex. com
  • #15,591
  • Nov 22, 2012 1:52pm Nov 22, 2012 1:52pm
Quoting DaddyBear
The markets need the Bull and the Bears as well, otherwise they cannot function normally.

As to the CNY good data, the Aussie did not act proportionally and revered course last night. In this regard, I'd like to repeat what I mentioned many times before in this forum that the markets' paths were preset longtime ago. The driving force behind the markets is the Law of Market not fundamentals.

Based on TLOM, I would be able to project, not predict, the Aussie's next moves. I cannot be right all the time because I as a human cannot see into the...

What exactly do you mean by "Law of Market"? Is there an actual study or whatever that someone else wrote? Or is it just something that you've said?
Play the players, not the cards.
  • #15,592
  • Nov 22, 2012 1:56pm Nov 22, 2012 1:56pm
Quoting GnarlyPips
What exactly do you mean by "Law of Market"? Is there an actual study or whatever that someone else wrote? Or is it just something that you've said?
The Law of Market = EWP, the cornerstone of ultimate charting into the future.
daddybearforex. com
  • #15,593
  • Nov 22, 2012 1:59pm Nov 22, 2012 1:59pm
Quoting alam88009
nop just like this if the price open above monthly price I will take long if below the open price monthly I will short
does this work all the time?
this is a simple strategy..
  • #15,594
  • Nov 22, 2012 2:02pm Nov 22, 2012 2:02pm
Quoting DaddyBear
Thanks. Bear in mind, that was my projection not the fact yet. It remains to be seen later. I am not afraid of making projections and facing the possible inaccuracy results later. I am a risk taker. The more projections I make, the more accurate they will be in the future.
you are a bear in mind?
good morning
  • #15,595
  • Nov 22, 2012 2:02pm Nov 22, 2012 2:02pm
Quoting DaddyBear
The Law of Market = EWP, the cornerstone of ultimate charting into the future.
The person who DISCOVERED EWP was R. N. Elliot who is regarded as a great genius IMO. He merged the Fibonacci sequence with EWP and make them indispensable means in trading projections.
daddybearforex. com
  • #15,596
  • Nov 22, 2012 2:05pm Nov 22, 2012 2:05pm
Quoting HelloOz
you are a bear in mind?
good morning
Good morning, OZ. Yes, I like to be a bear in mind.
daddybearforex. com
  • #15,597
  • Nov 22, 2012 2:10pm Nov 22, 2012 2:10pm
Now, we can see how good the Ichimoku Cloud is in this H1 chart. The cloud has held up the Aussie for 6 hours already.
Attached Image
daddybearforex. com
  • #15,598
  • Nov 22, 2012 2:13pm Nov 22, 2012 2:13pm
Quoting DaddyBear
Now, we can see how good the Ichimoku Cloud is in this H1 chart. The cloud has held up the Aussie for 6 hours already.
I omitted other elements of Ichimoku Clouds and used the Clouds only.
daddybearforex. com
  • #15,599
  • Nov 22, 2012 2:21pm Nov 22, 2012 2:21pm
Quoting DaddyBear
Good morning, OZ. Yes, I like to be a bear in mind.
Whats is your projected price for today?
Can we hit 43?
  • #15,600
  • Nov 22, 2012 2:31pm Nov 22, 2012 2:31pm
Quoting HelloOz
Whats is your projected price for today?
Can we hit 43?
I cannot project the price. My projection is a guideline of what I "see" in the pattern. The end of the wave is still remote at this point.

If I could, I wouldn't have to watch the charts all the time.
daddybearforex. com
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