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Aussie Trading Room and Cartoons Gallery

  • #16,541
  • Nov 27, 2012 10:49pm Nov 27, 2012 10:49pm
Quoting DaddyBear
My short term projection is below. A "N" pattern is likely too form in these two days before heading north. I wouldn't consider this is a H/S pattern IMO.
The low probability of forming a H/s patter at this level is due to the location of Ichimoku Cloud, which is not right above current PA. In fact, the Cloud is way below current PA.

http://www.forexfactory.com/attachme...1&d=1354077633
daddybearforex. com
  • #16,542
  • Nov 27, 2012 10:52pm Nov 27, 2012 10:52pm
Slowing economy seen as Australia's biggest threat (http://www.stuff.co.nz/business/industries/8005903/Slowing-Aussie-economy-seen-as-our-biggest-threat)

Quoting DaddyBear
The low probability of forming a H/s patter at this level is due to the location of Ichimoku Cloud, which is not right above current PA. In fact, the Cloud is way below current PA.

http://www.forexfactory.com/attachme...1&d=1354077633
not euphoria follower
  • #16,543
  • Nov 27, 2012 11:02pm Nov 27, 2012 11:02pm
Quoting DaddyBear
You may think most waves are impulsive i.e. 1-2-3-4-5. But, in fact, most waves are corrective. Last wave was not wave 4 and there is no wave 5 to be formed. IMO
An ABC corrective patterns is 5-3-5 waves. In a complete cycle we have 9 waves. 1,3,5,A,C are formed of 5 wave, 2,4,B are formed of 3 waves. Those consisting of five waves are more.IMO
  • #16,544
  • Nov 27, 2012 11:09pm Nov 27, 2012 11:09pm
Quoting Tim_isoara
An ABC corrective patterns is 5-3-5 waves. In a complete cycle we have 9 waves. 1,3,5,A,C are formed of 5 wave, 2,4,B are formed of 3 waves. Those consisting of five waves are more.IMO
It's you call and your trade, I wouldn't argue with you about your understanding of EWP. One important fact of corrective patterns is there are two types. One is 5-3-5 and the other one is 3-3-5. FYI
daddybearforex. com
  • #16,545
  • Nov 27, 2012 11:23pm Nov 27, 2012 11:23pm
Quoting DaddyBear
It's you call and your trade, I wouldn't argue with you about your understanding of EWP. One important fact of corrective patterns is there are two types. One is 5-3-5 and the other one is 3-3-5. FYI
In any discussion of pros and cons we have a lot to learn.I like this. What is FYI
  • #16,546
  • Edited Nov 28, 2012 12:40am Nov 27, 2012 11:25pm | Edited Nov 28, 2012 12:40am
Quoting Tim_isoara
In any discussion of pros and cons we have a lot to learn.I like this. What is FYI
FYI = For Your Information
daddybearforex. com
  • #16,547
  • Nov 28, 2012 1:36am Nov 28, 2012 1:36am
Hello DB,

For your consideration. How about a new poll?

Will the US go off the fiscal cliff or not?

Happy Trades,
fxstir
  • #16,548
  • Nov 28, 2012 2:14am Nov 28, 2012 2:14am
DB, IMO i believe aussie will go down more first. I have a pending short @ .467
  • #16,549
  • Nov 28, 2012 3:33am Nov 28, 2012 3:33am
Quoting DaddyBear
Right now Aussie is trading like a koala. Both the Bull and the Bear fell asleep ......
ah ah.. the bear and the bull sleeping together... lovely... until one wakes up... waiting to see which one first...
Good morning guys and good trades !
  • #16,550
  • Nov 28, 2012 4:07am Nov 28, 2012 4:07am
Wow, what happened? It's as if the global market died. I have had more fun watching paint dry.
  • #16,551
  • Nov 28, 2012 4:19am Nov 28, 2012 4:19am
Quoting fxstir
Wow, what happened? It's as if the global market died. I have had more fun watching paint dry.
try expanding your axis, you will see more volatility..
  • #16,552
  • Nov 28, 2012 4:22am Nov 28, 2012 4:22am
Quoting HelloOz
try expanding your axis, you will see more volatility..
From "global market" to intergalactic? Perhaps I should consult with forexalien.
  • #16,553
  • Nov 28, 2012 4:24am Nov 28, 2012 4:24am
Quoting fxstir
From "global market" to intergalactic? Perhaps I should consult with forexalien.
lol i mean your chart axis..

im dying of boredom
  • #16,554
  • Nov 28, 2012 4:35am Nov 28, 2012 4:35am
Quoting HelloOz
lol i mean your chart axis..

im dying of boredom
The fun is just beginning.
  • #16,555
  • Nov 28, 2012 5:09am Nov 28, 2012 5:09am
Quoting Tim_isoara
The fun is just beginning.
Downside fun or up?
  • #16,556
  • Nov 28, 2012 5:27am Nov 28, 2012 5:27am
Quoting HelloOz
There is one possibility.
Right shoulder is dislocated and move above head lol
Eeeeeeeeeee.....
  • #16,557
  • Nov 28, 2012 5:39am Nov 28, 2012 5:39am
Quoting Tim_isoara
short 0452-0465 zone
Hello I spoke earlier with you.
  • #16,558
  • Nov 28, 2012 6:16am Nov 28, 2012 6:16am
Quoting Tim_isoara
Hello I spoke earlier with you.
And how deep she will goes down ?
  • #16,559
  • Nov 28, 2012 6:19am Nov 28, 2012 6:19am
Quoting Tim_isoara
Aud H1 H4
1,041 if dont breack trend line
  • #16,560
  • Nov 28, 2012 6:30am Nov 28, 2012 6:30am
Quoting alam88009
And how deep she will goes down ?
Aud H1
Attached Image (click to enlarge)
Click to Enlarge Name: aud h1.gif Size: 29 KB
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