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  • #17,461
  • Dec 2, 2012 8:17pm Dec 2, 2012 8:17pm
Quoting DaddyBear
Not really fake depending on your TF.
4 hour
Good luck and may the odds be ever in your favor!
  • #17,462
  • Dec 2, 2012 8:20pm Dec 2, 2012 8:20pm
Quoting dbutton1990
4 hour
H4 is bearish.
daddybearforex. com
  • #17,463
  • Dec 2, 2012 8:21pm Dec 2, 2012 8:21pm
Quoting DaEdge
First of all I'm not even in the trade & I'm anything but a perma-bull I always prefer to be short cuz fear is a far stronger emotion than greed & the moves are much stronger & faster. That being said I'm looking at the market as a whole & making sense of what is really going on. I stand by what I said about rate being cut more than .25bps will only cause a sell off for a couple of days. You need to look at the whole picture & understand that until the fiscal cliff is out of the way your not going to see any serious down move on any of the dollar...
All right - the question is, do you see aud above 1.06 this month? Or - do you see this as being more likely to occur before a test of 1.015?
  • #17,464
  • Dec 2, 2012 8:34pm Dec 2, 2012 8:34pm
Quoting maximmm
All right - the question is, do you see aud above 1.06 this month? Or - do you see this as being more likely to occur before a test of 1.015?
Sorry to butt in. I still see 1.06 first. I should say 1.05xx.
daddybearforex. com
  • #17,465
  • Dec 2, 2012 8:36pm Dec 2, 2012 8:36pm
Quoting DaddyBear
A retest of daily low is in the cards.
After retesting, a strong rebound is also in the cards. IMO
daddybearforex. com
  • #17,466
  • Dec 2, 2012 8:37pm Dec 2, 2012 8:37pm
Quoting DaddyBear
After retesting, a strong rebound is also in the cards. IMO
In other words, I see the daily low to hold up the falling baby.
daddybearforex. com
  • #17,467
  • Dec 2, 2012 8:38pm Dec 2, 2012 8:38pm
Quoting maximmm
All right - the question is, do you see aud above 1.06 this month? Or - do you see this as being more likely to occur before a test of 1.015?
That's all relative to what RBA does tmrw. If there's a surprise & they cut more than .25bps then 1.0150 which is about 250 pips from where we are right now is very realistic over a couple of days. If they cut .25bps or hold rates then 1.0600. Believe me I'm waiting to pound this pair with a short but just not yet. I don't see any clear signs on the charts that a major down move is being confirmed yet. For me 1.100 to 1.0800 is the area I'm interested in establishing a short position, but not on the first move up. I will wait for the up move then a selloff & solid close below some levels I see as important & I will look to short that first bounce in the areas I just listed.
It works till it doesn't
  • #17,468
  • Dec 2, 2012 9:25pm Dec 2, 2012 9:25pm
Quoting DaddyBear
Sorry to butt in. I still see 1.06 first. I should say 1.05xx.
Ah, 1.05XX is not 1.06!^^
  • #17,469
  • Dec 2, 2012 9:25pm Dec 2, 2012 9:25pm
Quoting DaEdge
That's all relative to what RBA does tmrw. If there's a surprise & they cut more than .25bps then 1.0150 which is about 250 pips from where we are right now is very realistic over a couple of days. If they cut .25bps or hold rates then 1.0600. Believe me I'm waiting to pound this pair with a short but just not yet. I don't see any clear signs on the charts that a major down move is being confirmed yet. For me 1.100 to 1.0800 is the area I'm interested in establishing a short position, but not on the first move up. I will wait for the up move then...
Hmm... I'm not sure if 1.08 is really a key level once 1.06 gets broken.
  • #17,470
  • Dec 2, 2012 9:28pm Dec 2, 2012 9:28pm
For a move lower to 1.015 - a breach and a close below 1.0350 is of the outermost importance. That - would be the ideal signal to go short. Err... tomorrow will tell whether such signal realizes itself.
  • #17,471
  • Dec 2, 2012 9:31pm Dec 2, 2012 9:31pm
Quoting maximmm
Hmm... I'm not sure if 1.08 is really a key level once 1.06 gets broken.
It's not a key level it's part of a range I'm interested in. I don't go all in when I enter a trade I prefer to enter at different areas within a range I'm interested in. I trade longer term so I look get my position filled in different areas within the range I'm watching. Same goes for booking profits.
It works till it doesn't
  • #17,472
  • Dec 2, 2012 9:31pm Dec 2, 2012 9:31pm
Quoting maximmm
Ah, 1.05XX is not 1.06!^^
BTW 1.0550 and 1.0600.
daddybearforex. com
  • #17,473
  • Dec 2, 2012 9:35pm Dec 2, 2012 9:35pm
Quoting DaddyBear
BTW 1.0550 and 1.0600.
We shall see^^
  • #17,474
  • Dec 2, 2012 9:43pm Dec 2, 2012 9:43pm
Aussie red wine is excellent. May be better than California red wind.
daddybearforex. com
  • #17,475
  • Dec 2, 2012 9:46pm Dec 2, 2012 9:46pm
Quoting maximmm
We shall see^^
Do you need reading glasses?
daddybearforex. com
  • #17,476
  • Dec 2, 2012 9:48pm Dec 2, 2012 9:48pm
Seems to me the low, 1.03925, is going to be the daily low.
daddybearforex. com
  • #17,477
  • Dec 2, 2012 10:11pm Dec 2, 2012 10:11pm
Quoting DaddyBear
Seems to me the low, 1.03925, is going to be the daily low.
I agree. The big move, whichever direction - will occur tomorrow. Let's take out our reading glasses then^^
  • #17,478
  • Edited 10:41pm Dec 2, 2012 10:14pm | Edited 10:41pm
http://www.forexfactory.com/attachme...0&d=1354246919
http://www.forexfactory.com/attachme...0&d=1354333164
clear out my position in ausie ( also in kiwi ) coz i see bullish ab=cd . for me .. better waiting higher level later to shoot the lady at second top ( hopefully ). if she drops directly.....no problem...profit is already taken.

we're in the green box
http://www.forexfactory.com/attachme...1&d=1353901901

waiting another setup. not a call

just 1 cent and only

Quoting iqyu5an
this is my rough road map )

drawn in daily but shown in 4H for make it a bit clearer..

not a call ... just rough thought

1 cent
***
will be more pattern later...coz no straight line imho
http://www.trade-forex-harmonic-patt...hark-bu-be.gif
Attached Image (click to enlarge)
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not euphoria follower
  • #17,479
  • Dec 2, 2012 10:42pm Dec 2, 2012 10:42pm
Quoting DaddyBear
Aussie red wine is excellent. May be better than California red wind.
Just got myself some Aussie white wine over the weekend. Pretty great too. I'll remember to try the merlot next time.
  • #17,480
  • Dec 2, 2012 11:30pm Dec 2, 2012 11:30pm
a retest of the 618 is pending if it fails then the 786 is next
Attached Image (click to enlarge)
Click to Enlarge Name: 12-2-2012 11-24-14 PM.png Size: 29 KB
Good luck and may the odds be ever in your favor!
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