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Aussie Trading Room and Cartoons Gallery

  • #15,621
  • Nov 22, 2012 8:14pm Nov 22, 2012 8:14pm
Quoting maximmm
aud is a dead currency - same goes for nzd - dunno if it will come alive with asian market opening - -
i dont think japan open today..
  • #15,622
  • Nov 22, 2012 8:15pm Nov 22, 2012 8:15pm
Quoting maximmm
aud is a dead currency - same goes for nzd - dunno if it will come alive with asian market opening - -
It's still Thanksgiving day. The big move is ahead.
daddybearforex. com
  • #15,623
  • Nov 22, 2012 8:19pm Nov 22, 2012 8:19pm
Quoting DaddyBear
It's still Thanksgiving day. The big move is ahead.
you have not drawn any new cartoons lately, been busy?
  • #15,624
  • Nov 22, 2012 8:23pm Nov 22, 2012 8:23pm
Quoting HelloOz
you have not drawn any new cartoons lately, been busy?
May have some new cartoons later.
daddybearforex. com
  • #15,625
  • Nov 22, 2012 8:27pm Nov 22, 2012 8:27pm
I believe this is the listless moment before a storm.
daddybearforex. com
  • #15,626
  • Nov 22, 2012 8:27pm Nov 22, 2012 8:27pm
Quoting DaddyBear
It's still Thanksgiving day. The big move is ahead.
I must admit - even the chart says that the next move will occur in less than 8 hours. I suspect I'll be sleeping then^^
  • #15,627
  • Nov 22, 2012 8:31pm Nov 22, 2012 8:31pm
Quoting maximmm
I must admit - even the chart says that the next move will occur in less than 8 hours. I suspect I'll be sleeping then^^
next move up or down?
or right?
  • #15,628
  • Nov 22, 2012 8:42pm Nov 22, 2012 8:42pm
Quoting HelloOz
next move up or down?
or right?
Right. 100% sure.
daddybearforex. com
  • #15,629
  • Nov 22, 2012 8:52pm Nov 22, 2012 8:52pm
Quoting DaddyBear
Right. 100% sure.
not on weekly chart,
  • #15,630
  • Nov 22, 2012 9:04pm Nov 22, 2012 9:04pm
Quoting DaddyBear
7, 21 and 42 are periods of ADX. Why are they waves?
7 = most rapid price movement, like teeth on a saw blade. 21 = less rapid price movement, like every 3rd tooth on a saw blade. 42 = a very slow price movement. like every 6th tooth on a saw blade. The near same as price movement or EWP.
Attached Image
The More You Learn, The More You Earn.....
  • #15,631
  • Nov 22, 2012 9:11pm Nov 22, 2012 9:11pm
Quoting HelloOz
next move up or down?
or right?
Signals are mixed right now, but the 4h is resting for the bigger move. The 42 adx is low around 10, along with the 1h low also at 10.
The More You Learn, The More You Earn.....
  • #15,632
  • Nov 22, 2012 9:16pm Nov 22, 2012 9:16pm
Quoting forexalien
7 = most rapid price movement, like teeth on a saw blade. 21 = less rapid price movement, like every 3rd tooth on a saw blade. 42 = a very slow price movement. like every 6th tooth on a saw blade. The near same as price movement or EWP.
First of all, thanks for your explanation. Your analogy is great. I do know ADX is hidden EWC. But, linking ADX periods with EWC is beyond my understanding. Please share your insights. Thanks.
daddybearforex. com
  • #15,633
  • Nov 22, 2012 9:35pm Nov 22, 2012 9:35pm
Quoting forexalien
Signals are mixed right now, but the 4h is resting for the bigger move. The 42 adx is low around 10, along with the 1h low also at 10.
My ADX 13 is 10 as well. So what makes your ADX 42 different?
daddybearforex. com
  • #15,634
  • Nov 22, 2012 9:54pm Nov 22, 2012 9:54pm
Good morning guys
ausie moving up today if i am right
  • #15,635
  • Nov 22, 2012 9:57pm Nov 22, 2012 9:57pm
1.040 will be taken by the Bulls.

http://www.forexfactory.com/attachme...1&d=1345612550
daddybearforex. com
  • #15,636
  • Nov 22, 2012 11:04pm Nov 22, 2012 11:04pm
Quoting DaddyBear
My ADX 13 is 10 as well. So what makes your ADX 42 different?
Your 13 adx and my 42 adx are at rest right now. The difference between the two, which you already understand , is the speed at which they climb out when the market is powered up. Yours will pull back at the first sign of weakness. If the trend is still in place, my 42 will keep marching on. On the attached file, top to bottom, you have price action, stochastics, RSI, then the triple ADX. the black line is my 7, the red line is my 21, and the blue line is my 42. look at the point where the black, red , and blue all turn upward with separation and smoothness. This is a move with force, speed and of some distance. Now look at the tops of the lines turning back down. The black line turns down first, the red line turns down 4 bars or 1h later (this chart is a 15m aud ) and the blue 42 turns over last almost 2 hours later. This is the basic move confirmed with all stochastics below the 50% line. I will show a continuation trend example tommorrow. Happy London trading !
Attached Image (click to enlarge)
Click to Enlarge Name: aud 15m adx power down.JPG Size: 78 KB
The More You Learn, The More You Earn.....
  • #15,637
  • Nov 22, 2012 11:07pm Nov 22, 2012 11:07pm
Bear Going Down .....
Attached Image
The More You Learn, The More You Earn.....
  • #15,638
  • Nov 22, 2012 11:55pm Nov 22, 2012 11:55pm
Quoting forexalien
Your 13 adx and my 42 adx are at rest right now. The difference between the two, which you already understand , is the speed at which they climb out when the market is powered up. Yours will pull back at the first sign of weakness. If the trend is still in place, my 42 will keep marching on. On the attached file, top to bottom, you have price action, stochastics, RSI, then the triple ADX. the black line is my 7, the red line is my 21, and the blue line is my 42. look at the point where the black, red , and blue all turn upward with separation...
Thanks for your further explanations. I have designed and tested thousands custom indicators during last few years. Therefore, I completely understand how your triple ADX works. I believe there was a reason why the creator of ADX used 14 periods. I tested different periods from 2 to 144. The problems with the numbers higher than 21 become too lagging behind the reality even they are much smoother. For the numbers less than 13, their corresponding ADX become very choppy.

The reason I use ADX is to merge with EWP for the wave counting and ending. I can see the ending very clearly from my ADX 13 the way you mentioned earlier.

BTW, you did not answer my question as to why ADX period would be related to EWC. Please provide your rationales. Thanks.
daddybearforex. com
  • #15,639
  • Edited 12:10am Nov 23, 2012 12:00am | Edited 12:10am
Quoting DaddyBear
1.040 will be taken by the Bulls.

http://www.forexfactory.com/attachme...1&d=1345612550
This is the second time within 3 days, the Bulls test 1.0400. I believe they will overtake the Bears at this battle and move up to 1.0440 to 1.0450 zone tonight [US].
daddybearforex. com
  • #15,640
  • Nov 23, 2012 12:20am Nov 23, 2012 12:20am
Quoting DaddyBear
This is the second time within 3 days, the Bulls test 1.0400. I believe they will overtake the Bears at this battle and move up to 1.0440 to 1.0450 zone tonight [US].
A DTL is right above. Due to the strong underlying bullish sentiment, a break of this DTL is imminent.
daddybearforex. com
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