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Aussie Trading Room and Cartoons Gallery

  • #15,841
  • Nov 23, 2012 4:24pm Nov 23, 2012 4:24pm
Quoting HelloOz
what was the closing price db ?
568/658
daddybearforex. com
  • #15,842
  • Nov 23, 2012 4:44pm Nov 23, 2012 4:44pm
Quoting DaddyBear
568/658
Thx..
Crazy spread
  • #15,843
  • Nov 23, 2012 6:08pm Nov 23, 2012 6:08pm
Quoting HelloOz
Thx..
Crazy spread
It was at the market close. The rate should be 1.61xx.
daddybearforex. com
  • #15,844
  • Nov 23, 2012 6:44pm Nov 23, 2012 6:44pm
Quoting DaddyBear
Gap down or up?
gap... left!
  • #15,845
  • Nov 23, 2012 6:52pm Nov 23, 2012 6:52pm
This is a continued projection starting from 11/4. Friday High was capped by the previous broken LTL. If my continued projection matches the preset paths, a gap down or a swift move can be anticipated. The question is how low the point b will be. A 100% retracement would bring the Aussie back to 1.034 level. However, Friday's low 1.039x is a more likely level to look into at this point.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-111512-H4-3.JPG Size: 78 KB
daddybearforex. com
  • #15,846
  • Nov 23, 2012 7:21pm Nov 23, 2012 7:21pm
Quoting DaddyBear
This is a continued projection starting from 11/4. Friday High was capped by the previous broken LTL. If my continued projection matches the preset paths, a gap down or a swift move can be anticipated. The question is how low the point b will be. A 100% retracement would bring the Aussie back to 1.034 level. However, Friday's low 1.039x is a more likely level to look into at this point.
This wave C is a BULL-EAR-ULL pattern.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-111512-H4-4.JPG Size: 96 KB
daddybearforex. com
  • #15,847
  • Nov 23, 2012 7:23pm Nov 23, 2012 7:23pm
Quoting etabeta
gap... left!
Why LEFT? Supposed to be RIGHT.
daddybearforex. com
  • #15,848
  • Nov 23, 2012 7:28pm Nov 23, 2012 7:28pm
Quoting Tim_isoara
If break 1.0425 is abc if not is 123.
IMO, when a wave is complete, the DNA is set. It cannot change from a to 1 and vice versa.
daddybearforex. com
  • #15,849
  • Nov 23, 2012 7:37pm Nov 23, 2012 7:37pm
Quoting djambazov84
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
IMO, this may not be the case. A retracement is in the cards. Even if it drops below 1.045, it would bounce off the low and moves back above 1.045.
daddybearforex. com
  • #15,850
  • Nov 23, 2012 7:40pm Nov 23, 2012 7:40pm
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..........
What is your take of the Aussie's next move on Sunday?

http://www.forexfactory.com/attachme...1&d=1353708063
daddybearforex. com
  • #15,851
  • Nov 23, 2012 7:45pm Nov 23, 2012 7:45pm
Great day! Traders of the Cartoon Gallery, I have updated the latest chart of the Aussie from my blog and I have marked where the retracement for the trend in this bullish market enviroment could land on, there is a small confluence between the rising golden trendline and the 1.0400 level which was the latest swing high resistance now converted into support (last marked upwards blue arrow), this is the place where the green b level marked on DaddyBear's chart might bounce off in my opinion, of course current momentum is pretty high on the long side but 1.04570 is a strong two-times-tested resistance, there was a small bearish reaction to this level almost by the close of the market, however we will have to wait and see.

http://2.bp.blogspot.com/-GXqTF45_ic...+01+audusd.gif

4 Hours chart above...
  • #15,852
  • Nov 23, 2012 7:49pm Nov 23, 2012 7:49pm
"Already Mired in Debt, Spain Under ‘Major Shadow’"
http://www.cnbc.com/id/49937944

Will this make news on Sunday?
daddybearforex. com
  • #15,853
  • Nov 23, 2012 7:52pm Nov 23, 2012 7:52pm
Quoting Eric D
Great day! Traders of the Cartoon Gallery, I have updated the latest chart of the Aussie from my blog and I have marked where the retracement for the trend in this bullish market enviroment could land on, there is a small confluence between the rising golden trendline and the 1.0400 level which was the latest swing high resistance now converted into support (last marked upwards blue arrow), this is the place where the green b level marked on DaddyBear's chart might bounce off in my opinion, of course current momentum is pretty high on the long side...
Eric, as usual, a very nice analysis. DB
daddybearforex. com
  • #15,854
  • Nov 23, 2012 8:03pm Nov 23, 2012 8:03pm
Quoting DaddyBear
Eric, as usual, a very nice analysis. DB
Thank you very much DaddyBear, always a pleasure.
  • #15,855
  • Nov 23, 2012 8:04pm Nov 23, 2012 8:04pm
Quoting Eric D
Thank you very much DaddyBear, always a pleasure.
Any cartoons tonight?
daddybearforex. com
  • #15,856
  • Nov 23, 2012 8:06pm Nov 23, 2012 8:06pm
Quoting Eric D
Great day! Traders of the Cartoon Gallery, I have updated the latest chart of the Aussie from my blog and I have marked where the retracement for the trend in this bullish market enviroment could land on, there is a small confluence between the rising golden trendline and the 1.0400 level which was the latest swing high resistance now converted into support (last marked upwards blue arrow), this is the place where the green b level marked on DaddyBear's chart might bounce off in my opinion, of course current momentum is pretty high on the long side...
Can you add the broken trend line shown in my chart to yours. This will make the resistance at 1.0457 more visible. IMO
daddybearforex. com
  • #15,857
  • Nov 23, 2012 8:09pm Nov 23, 2012 8:09pm
Quoting DaddyBear
Any cartoons tonight?
I have the plot but still working on the characters DB, on my way!
  • #15,858
  • Nov 23, 2012 8:09pm Nov 23, 2012 8:09pm
Quoting DaddyBear
Can you add the broken trend line shown in my chart to yours. This will make the resistance at 1.0457 more visible. IMO
Based on MAXI's fundamentals, Eric's resistance analysis and chart, and my EWP projection. The Aussie's next move is already written all over the walls. IMO
daddybearforex. com
  • #15,859
  • Nov 23, 2012 8:10pm Nov 23, 2012 8:10pm
Quoting Eric D
I have the plot but still working on the characters DB, on my way!
Looking forward to seeing them.
daddybearforex. com
  • #15,860
  • Nov 23, 2012 8:13pm Nov 23, 2012 8:13pm
I really hope everyone's contributions make this thread a reliable and informed forum for the Aussie traders around the globe. [Alien is welcome as well.]
daddybearforex. com
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