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Aussie Trading Room and Cartoons Gallery

  • #17,361
  • Dec 2, 2012 11:13am Dec 2, 2012 11:13am
Quoting DaddyBear
"Merkel Does Not Rule Out Future Greek Debt 'Haircut'" -CNBC-

In the end, there will be no more hair left like my head.
Who is the barber? Greece or EURO group?
daddybearforex. com
  • #17,362
  • Dec 2, 2012 11:17am Dec 2, 2012 11:17am
Quoting DaddyBear
Who is the barber? Greece or EURO group?
I believe this haircut will continue until Greece has no debts at all.
daddybearforex. com
  • #17,363
  • Dec 2, 2012 11:19am Dec 2, 2012 11:19am
Quoting DaddyBear
I believe this hair cut will continue until Greece has no debts at all.
This could explain why some people believe that the EURO will move up to 1.40xx. If so, the Aussie may follow suit to move up as well.
daddybearforex. com
  • #17,364
  • Dec 2, 2012 11:24am Dec 2, 2012 11:24am
On Tuesday, there are four more Aussie events. Before then, I believe there will be plenty of chances to enter the trades. The market may be very choppy, so buckle up.

http://www.forexfactory.com/attachme...1&d=1351981800
daddybearforex. com
  • #17,365
  • Dec 2, 2012 11:26am Dec 2, 2012 11:26am
Roller coaster rides are fun but some people will be thrown away from the cars for sure......

http://www.forexfactory.com/attachme...1&d=1352178979
daddybearforex. com
  • #17,366
  • Dec 2, 2012 11:30am Dec 2, 2012 11:30am
Quoting DaddyBear
Roller coaster rides are fun but some people will be thrown away from the cars for sure......
Riding the right car at the right direction and at the right time could be challenging but would be very rewarding. Hope everyone stays in the cars safely and makes tons of pips these two days.

http://www.forexfactory.com/attachme...1&d=1350578583
daddybearforex. com
  • #17,367
  • Dec 2, 2012 11:32am Dec 2, 2012 11:32am
Quoting DaddyBear
Riding the right car at the right direction and at the right time could be challenging but would be very rewarding. Hope everyone stays in the cars safely and makes tons of pips these two days.
Joining the discussions in this forum may provide everyone a balanced view before entering the trades.
daddybearforex. com
  • #17,368
  • Dec 2, 2012 11:37am Dec 2, 2012 11:37am
I am ready for the roller coaster ride. Are you?

http://www.forexfactory.com/attachme...1&d=1352181594
daddybearforex. com
  • #17,369
  • Dec 2, 2012 11:42am Dec 2, 2012 11:42am
Quoting DaddyBear
I am ready for the roller coaster ride. Are you?

http://www.forexfactory.com/attachme...1&d=1352181594
You may find the manual in this forum as to how to ride the roller coaster and how to dress appropriately before getting into the cars.
daddybearforex. com
  • #17,370
  • Dec 2, 2012 11:47am Dec 2, 2012 11:47am
Quoting DaddyBear
I agree. But, the two red downward TL indicates a bullish pattern in a larger context. This is why I think a drop to the daily LTL then bounced off from there is in the cards.

http://www.forexfactory.com/attachme...1&d=1354465658
back in September my preference was a move back up to 1.06-top red tl-
but now it could go both ways....up or down.
-down to red lower tl will fulfill the hs and will head a lot lower
-up will bring us to red upper tl where again it might go lower to fulfill the hs and go alot lower. but then again it could go alot higher where another bigger hs is in play.

But right now there are alot of resistance that need to be cleared for the price to go to 1.06 and me think that for now we are heading lower.
Wooooohooooo or Boooooohooooo
  • #17,371
  • Dec 2, 2012 11:53am Dec 2, 2012 11:53am
Only recently discovered this forum and thread. Very entertaining and informative. Keep up the good work.

Don't know enough to contribute anything useful yet, only recently concentrated my efforts on the Aud/Usd.

Do you think the anticipated rate cut has been priced in to any degree?

How many use gold, silver and brent oil as a guide?

RP.
  • #17,372
  • Dec 2, 2012 12:04pm Dec 2, 2012 12:04pm
Quoting gnomoneey
back in September my preference was a move back up to 1.06-top red tl-
but now it could go both ways....up or down.
-down to red lower tl will fulfill the hs and will head a lot lower
-up will bring us to red upper tl where again it might go lower to fulfill the hs and go alot lower. but then again it could go alot higher where another bigger hs is in play.

But right now there are alot of resistance that need to be cleared for the price to go to 1.06 and me think that for now we are heading lower.
In a very short term it is heading lower to around 1.035x level. After that, I expect a bounce to 1.050x before heading down to Daily LTL to retest 1.035x but not as low as your red LTL indicates. IMO
daddybearforex. com
  • #17,373
  • Dec 2, 2012 12:07pm Dec 2, 2012 12:07pm
As mentioned earlier today, the D1 is bearish. a red candle may be in the cards at the end of this session. This will pave the way for a rebound after RBA decision Tuesday. IMO

http://www.forexfactory.com/attachme...1&d=1354375158
daddybearforex. com
  • #17,374
  • Dec 2, 2012 12:11pm Dec 2, 2012 12:11pm
here's the levels i'm watching for au and red pivot/resistance/support with confluence of blue dotted tl sar.
Attached Image (click to enlarge)
Click to Enlarge Name: audec1d1.gif Size: 18 KB
Wooooohooooo or Boooooohooooo
  • #17,375
  • Dec 2, 2012 12:12pm Dec 2, 2012 12:12pm
Quoting DaddyBear
As mentioned earlier today, the D1 is bearish. a red candle may be in the cards at the end of this session. This will pave the way for a rebound after RBA decision Tuesday. IMO
In order to complete the pattern, the daily LTL will be intact. If so, the no cut scenario is likely if not 100%.
daddybearforex. com
  • #17,376
  • Dec 2, 2012 12:14pm Dec 2, 2012 12:14pm
Quoting gnomoneey
here's the levels i'm watching for au and red pivot/resistance/support with confluence of blue dotted tl sar.
Although STO is high now, it could move higher. The probability is high IMO.
daddybearforex. com
  • #17,377
  • Dec 2, 2012 12:28pm Dec 2, 2012 12:28pm
Quoting DaddyBear
Like some people's thinking, I was not sure if the yellow colored circle is a bear flag. But, I gradually believe it's not. Instead, it could be a prelude of a major move next. IMO
Nice looking chart, I am taking notes on this.

About the dustbins. There isn't really a discussion thread or a book. It's based on posts in this forum/site.
There is a .doc in the posts from AllyB. (I found it just now here it is: Dustbin Trading (http://www.forexfactory.com/showthread.php?p=5282799&highlight=doc#post5282799))

It's a short file with some explanation. Both AllyB and Gleneagles post regularly in the Really Useless Thread. You can watch some of there posts to get a feel of what they are doing.
Every day you draw some levels on a 5m an 15m chart where support/res is available, levels from 20 pips distance. And than you watch how PA interacts with it, and when you see a opportunity you open position and let it automatically close at 12 pips. This is due too slippage in this 20 pip range.

Sorry for the late reply btw, my mobile phone was out of battery and all what I wrote was lost
  • #17,378
  • Dec 2, 2012 12:29pm Dec 2, 2012 12:29pm
Quoting DaddyBear
Riding the right car at the right direction and at the right time could be challenging but would be very rewarding. Hope everyone stays in the cars safely and makes tons of pips these two days.

http://www.forexfactory.com/attachme...1&d=1350578583
hahaha cool rollercoaster cartoons DB!
  • #17,379
  • Dec 2, 2012 12:49pm Dec 2, 2012 12:49pm
Quoting Stretch
Nice looking chart, I am taking notes on this.

About the dustbins. There isn't really a discussion thread or a book. It's based on posts in this forum/site.
There is a .doc in the posts from AllyB. (I found it just now here it is: Dustbin Trading (http://www.forexfactory.com/showthread.php?p=5282799&highlight=doc#post5282799))

It's a short file with some explanation. Both AllyB and Gleneagles post regularly in the Really Useless Thread. You can watch some of there posts to get a feel of what they are doing.
Every day you draw some...
Thanks so much for your detailed information. In fact, this method can apply to the Aussie M5 as well.
daddybearforex. com
  • #17,380
  • Dec 2, 2012 12:54pm Dec 2, 2012 12:54pm
Quoting Stretch
hahaha cool rollercoaster cartoons DB!
Take the money off the table before you are thrown away from the roller coaster.
Attached Image (click to enlarge)
Click to Enlarge Name: MONEY.JPG Size: 94 KB
daddybearforex. com
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