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  • #17,121
  • Nov 30, 2012 8:16am Nov 30, 2012 8:16am
I must go for now.....I enjoyed your thread.....Thanks......
The More You Learn, The More You Earn.....
  • #17,122
  • Nov 30, 2012 8:16am Nov 30, 2012 8:16am
Quoting Tim_isoara
Why?
Because that's how the world works.
Next time I'll answer with 'why not?'
  • #17,123
  • Nov 30, 2012 8:18am Nov 30, 2012 8:18am
Quoting forexalien
I must go for now.....I enjoyed your thread.....Thanks......
Have a nice trip.

http://www.forexfactory.com/attachme...1&d=1342056484
daddybearforex. com
  • #17,124
  • Nov 30, 2012 8:24am Nov 30, 2012 8:24am
Quoting DaddyBear
BTW, like mules, a BULLEAR cannot have babies. I am the Papa of baby bears.
Would make sense
Thanks for posting in your thread again this week DB! Enjoy the weekend all of you!
  • #17,125
  • Nov 30, 2012 8:26am Nov 30, 2012 8:26am
Quoting Stretch
Would make sense
Thanks for posting in your thread again this week DB! Enjoy the weekend all of you!
Are you done for the day? It's 930 EST.
daddybearforex. com
  • #17,126
  • Nov 30, 2012 8:30am Nov 30, 2012 8:30am
Quoting maximmm
Because that's how the world works.
Next time I'll answer with 'why not?'
Your words have no logical coverage of technical analysis.You said if break 1.0400 you go short but but you wait a big up move .You say go up go down. I ask Why? And your answer is Because that's how the world works.
  • #17,127
  • Nov 30, 2012 8:32am Nov 30, 2012 8:32am
Quoting DaddyBear
Are you done for the day? It's 930 EST.
yup, not many hours left in the day before a party this evening. Need some extra sleep and I probably have bad experiences with trading on friday after 15:00 GMT, since it always scares the sjit out of me if it's almost 18:00 GMT lolz

I do have a pending L at 0382 +2(spread etc) so if it gets triggered I might get back at the screens
  • #17,128
  • Nov 30, 2012 8:34am Nov 30, 2012 8:34am
Quoting Tim_isoara
Your words have no logical coverage of technical analysis.You said if break 1.0400 you go short but but you wait a big up move .You say go up go down. I ask Why? And your answer is Because that's how the world works.
Have you seen 1.04 broken?

Furthermore, The question 'why' is lazy. Perhaps if you offered a different point of view, I would have explained myself in greater detail in response.
  • #17,129
  • Nov 30, 2012 8:56am Nov 30, 2012 8:56am
That head and shoulders pattern mentioned by some people is not working out well@@
  • #17,130
  • Nov 30, 2012 8:59am Nov 30, 2012 8:59am
One point of interest for aud - 1.0455 - if that gets broken, we'll see a move higher - yet.... I suspect that today is not like last Friday - today may well be the 'thou shall not breach any important levels on Friday' Friday.
  • #17,131
  • Nov 30, 2012 9:03am Nov 30, 2012 9:03am
Get ready, 60-100+ pip move coming this way!
Attached Image (click to enlarge)
Click to Enlarge Name: 11-30-2012 9-00-57 AM.png Size: 35 KB
Good luck and may the odds be ever in your favor!
  • #17,132
  • Nov 30, 2012 9:06am Nov 30, 2012 9:06am
note the tweezer bottoms
Good luck and may the odds be ever in your favor!
  • #17,133
  • Nov 30, 2012 9:10am Nov 30, 2012 9:10am
aud trying to form a reverse h/s on 15 min chart^^
  • #17,134
  • Nov 30, 2012 9:17am Nov 30, 2012 9:17am
Quoting dbutton1990
Get ready, 60-100+ pip move coming this way!
Not sure of such a big move, but a 30 pip move higher is likely to 1.0450
  • #17,135
  • Nov 30, 2012 9:21am Nov 30, 2012 9:21am
Quoting maximmm
Not sure of such a big move, but a 30 pip move higher is likely to 1.0450
Usually when I see a setup like this on the 240 min chart(H4) the swings are about 60-100 pips. We will see!
Good luck and may the odds be ever in your favor!
  • #17,136
  • Edited 9:38am Nov 30, 2012 9:25am | Edited 9:38am
Quoting dbutton1990
Usually when I see a setup like this on the 240 min chart(H4) the swings are about 60-100 pips. We will see!
The possibility always exists. Fridays are always remarkable in that they either do not breach any key levels or they go all out and either skyrocket or plummet in a way that defies all logic.

One key point is that there is a broken trendline at 1.0450 - there is a fairly strong resistance there. Furthermore, if h/s does get formed on 15 min chart, the target for that coincides with 1.0450

Of course - if this is one of those skyrocket till all bears are dead Fridays, then you may well be right.

Keep in mind - Fridays are the hardest days for technical/fundamental analysis - especially the end of the month type of Friday.

I often see currencies work in cycles - one month bullish, while the other month bearish. This was a bullish month and as such, last Friday is often the the final push higher (though it may extend a bit next month only to reverse on Tuesday - this has nothing to do with rate decision, but rather for some reason, tuesday is often the day of reversals during the month's beginning).
  • #17,137
  • Nov 30, 2012 10:01am Nov 30, 2012 10:01am
wild moves
  • #17,138
  • Nov 30, 2012 10:01am Nov 30, 2012 10:01am
wwoooowww,,
20pips in 3 min


Quoting maximmm
The possibility always exists. Fridays are always remarkable in that they either do not breach any key levels or they go all out and either skyrocket or plummet in a way that defies all logic.

One key point is that there is a broken trendline at 1.0450 - there is a fairly strong resistance there. Furthermore, if h/s does get formed on 15 min chart, the target for that coincides with 1.0450

Of course - if this is one of those skyrocket till all bears are dead Fridays, then you may well be right.

Keep in mind - Fridays are the hardest days for...
  • #17,139
  • Nov 30, 2012 10:10am Nov 30, 2012 10:10am
Quoting HelloOz
wwoooowww,,
20pips in 3 min
Welcome to Friday trading^^

When moves are this wild, I usually don't know what will happen. Technicals can be ignored to an extent.
  • #17,140
  • Nov 30, 2012 10:14am Nov 30, 2012 10:14am
Quoting maximmm
Welcome to Friday trading^^

When moves are this wild, I usually don't know what will happen. Technicals can be ignored to an extent.
Its good to be on the right side
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