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Aussie Trading Room and Cartoons Gallery

  • #15,821
  • Nov 23, 2012 3:13pm Nov 23, 2012 3:13pm
Quoting DaddyBear
You might be following Alam's steps.
Which is getting out too early?
  • #15,822
  • Nov 23, 2012 3:13pm Nov 23, 2012 3:13pm
Quoting DaddyBear
Do you anticipate a gap down?
i am actually hoping it would be a slow bleeding selloff, a gap most often picks up any resting bids and then it gets filled, law of the market

unfortunately its very tricky here, if bearish stronghold gives way .... 1.0550 and even 1.0725
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #15,823
  • Nov 23, 2012 3:14pm Nov 23, 2012 3:14pm
Quoting DaddyBear
The Patience Index is needed in trading more than anything else.
That was bull flag..
Im scared daddy
  • #15,824
  • Nov 23, 2012 3:16pm Nov 23, 2012 3:16pm
Quoting djambazov84
i am actually hoping it would be a slow bleeding selloff, a gap most often picks up any resting bids and then it gets filled, law of the market

unfortunately its very tricky here, if bearish stronghold gives way .... 1.0550 and even 1.0725
Good point.
daddybearforex. com
  • #15,825
  • Nov 23, 2012 3:18pm Nov 23, 2012 3:18pm
Quoting HelloOz
That was bull flag..
Im scared daddy
Bull flag? What TF?
daddybearforex. com
  • #15,826
  • Nov 23, 2012 3:19pm Nov 23, 2012 3:19pm
Quoting DaddyBear
Bull flag? What TF?
M15
See my previous attachment
  • #15,827
  • Nov 23, 2012 3:23pm Nov 23, 2012 3:23pm
critical here
big forces duking it out 30 mins before close on a Thanksgiving Friday...these people really never do sleep
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #15,828
  • Nov 23, 2012 3:24pm Nov 23, 2012 3:24pm
Quoting HelloOz
M15
See my previous attachment
I wouldn't think it was a bull flag not even a flag.
daddybearforex. com
  • #15,829
  • Nov 23, 2012 3:25pm Nov 23, 2012 3:25pm
Quoting djambazov84
critical here
big forces duking it out 30 mins before close on a Thanksgiving Friday...these people really never do sleep
What do you mean?
daddybearforex. com
  • #15,830
  • Nov 23, 2012 3:31pm Nov 23, 2012 3:31pm
Quoting DaddyBear
What do you mean?

seems like 1.045 is a critical price zone, which taken over by either market participants opens the doors to either 1.0550 or 1.0145, it represents a certain price balance pivot if you will, where there are equal and big amounts of bids and offers, whoever wins will control the next 100-300 pips imho
Thank you Malcolm, Belekas, Jim, raczekfx and Ryanmcd !
  • #15,831
  • Nov 23, 2012 3:33pm Nov 23, 2012 3:33pm
Quoting DaddyBear
I wouldn't think it was a bull flag not even a flag.
oh, its not?
i must have it wrong then, could it be descending triangle?
but you said M15 does lead the direction of the market..
so best to ignore it
im heading out soon,
have a great weekend boys and girls
  • #15,832
  • Nov 23, 2012 3:34pm Nov 23, 2012 3:34pm
Quoting HelloOz
oh, its not?
i must have it wrong then, could it be descending triangle?
but you said M15 does lead the direction of the market..
so best to ignore it
im heading out soon,
have a great weekend boys and girls
Same to you.
daddybearforex. com
  • #15,833
  • Nov 23, 2012 3:52pm Nov 23, 2012 3:52pm
Great weekend to all.
  • #15,834
  • Nov 23, 2012 3:56pm Nov 23, 2012 3:56pm
Quoting Tim_isoara
Great weekend to all.
See you later.
daddybearforex. com
  • #15,835
  • Nov 23, 2012 4:06pm Nov 23, 2012 4:06pm
Have a great weekend to all. One last post on the triple adx. On the 5m you can see the trend ended with the red 21 adx and then the blue 42 adx confirmed it. On the right is the aud 15m showing the 7 adx called the top on the trend and the red 21 confirmed it also. as the adx lines rest and retreat near or back to the 10 level area. These help me to stay the trade.......from entry to exit..........
Attached Image (click to enlarge)
Click to Enlarge Name: aud 5m 15m pair 4.JPG Size: 212 KB
The More You Learn, The More You Earn.....
  • #15,836
  • Nov 23, 2012 4:08pm Nov 23, 2012 4:08pm
Quoting maximmm
Be weary of the Spanish vote threat this weekend. It is something that can undo the whole European Union.
In that sense, this is one time when PA should be risk off heading into the weekend.

Also, this is one weekend after which we will see a major gap on Monday. A gap up or down - one of those.
Do you have a link?
daddybearforex. com
  • #15,837
  • Nov 23, 2012 4:09pm Nov 23, 2012 4:09pm
Quoting forexalien
Have a great weekend to all. One last post on the triple adx. On the 5m you can see the trend ended with the red 21 adx and then the blue 42 adx confirmed it. On the right is the aud 15m showing the 7 adx called the top on the trend and the red 21 confirmed it also. as the adx lines rest and retreat near or back to the 10 level area. These help me to stay the trade.......from entry to exit..........
So, what is your projection?
daddybearforex. com
  • #15,838
  • Nov 23, 2012 4:12pm Nov 23, 2012 4:12pm
I am particularly curious to see the next week's opening PA. As mentioned earlier, I suspect we'll see a gap.
The Spain vote could cause quite a stir. http://www.bloomberg.com/news/2012-11-22/catalan-vote-may-highlight-pressure-for-split-from-spain.html

That and the Scotland referendum in UK - euro and gbp are not looking like a good investment in the next two years.

Of course, these are long term trades - while short term euro could rally quite a bit more to clear out the shorts - that, after all, is how banks make money^^
  • #15,839
  • Nov 23, 2012 4:19pm Nov 23, 2012 4:19pm
Quoting maximmm
I am particularly curious to see the next week's opening PA. As mentioned earlier, I suspect we'll see a gap.
The Spain vote could cause quite a stir. http://www.bloomberg.com/news/2012-11-22/catalan-vote-may-highlight-pressure-for-split-from-spain.html

That and the Scotland referendum in UK - euro and gbp are not looking like a good investment in the next two years.

Of course, these are long term trades - while short term euro could rally quite a bit more to clear out the shorts - that, after all, is how banks make money^^
Gap down or up?
daddybearforex. com
  • #15,840
  • Nov 23, 2012 4:24pm Nov 23, 2012 4:24pm
Quoting DaddyBear
Gap down or up?
what was the closing price db ?
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