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  • #17,861
  • Dec 4, 2012 12:00pm Dec 4, 2012 12:00pm
M5 and M15 turn to bearish ADX formations.
daddybearforex. com
  • #17,862
  • Dec 4, 2012 12:02pm Dec 4, 2012 12:02pm
Quoting DaddyBear
Why 1.0460? Why bounce off that line?
It's the broken expanding triangle line.
  • #17,863
  • Dec 4, 2012 12:22pm Dec 4, 2012 12:22pm
Good morning, all Aussie guys and girls, if any. It was a very boring day at best.
daddybearforex. com
  • #17,864
  • Dec 4, 2012 12:30pm Dec 4, 2012 12:30pm
Quoting DaddyBear
Your rationales to see this happens?
As of right now the current sub ab boundary is intact. I will let you know once the retracement completes
Good luck and may the odds be ever in your favor!
  • #17,865
  • Dec 4, 2012 12:33pm Dec 4, 2012 12:33pm
Quoting Tim_isoara
Nice. What trader you are?
What Trader am I ? Like in scalp, day, swing, long term, momentum, reversals ? All of them, I have a balanced tool box of trading styles.
  • #17,866
  • Dec 4, 2012 12:49pm Dec 4, 2012 12:49pm
Quoting kerrydrake
What Trader am I ? Like in scalp, day, swing, long term, momentum, reversals ? All of them, I have a balanced tool box of trading styles.
Very interesting.Thanks
  • #17,867
  • Dec 4, 2012 12:54pm Dec 4, 2012 12:54pm
Quoting DaddyBear
.....
sounds good to me. I am long with SL at 455
  • #17,868
  • Dec 4, 2012 1:52pm Dec 4, 2012 1:52pm
is anyone else switching to tick chart to see some sort of movement?^^
  • #17,869
  • Dec 4, 2012 2:08pm Dec 4, 2012 2:08pm
Quoting maximmm
is anyone else switching to tick chart to see some sort of movement?^^
no..
still using M15 but expand my vertical axis...
  • #17,870
  • Dec 4, 2012 2:27pm Dec 4, 2012 2:27pm
Does anyone think GDP will beat the 0.6% forecast?
daddybearforex. com
  • #17,871
  • Dec 4, 2012 2:30pm Dec 4, 2012 2:30pm
Quoting DaddyBear
Does anyone think GDP will beat the 0.6% forecast?
RBA cut rate last night. Does this give any clue regarding the actual GDP?
daddybearforex. com
  • #17,872
  • Dec 4, 2012 2:31pm Dec 4, 2012 2:31pm
Quoting DaddyBear
RBA cut rate last night. Does this give any clue regarding the actual GDP?
According to charts, it's going to come out worse then expected
Good luck and may the odds be ever in your favor!
  • #17,873
  • Dec 4, 2012 2:34pm Dec 4, 2012 2:34pm
Quoting dbutton1990
According to charts, it's going to come out worse then expected
Hey David, I like this message. You are using reversed thinking to project the events like what I have been doing. I was thinking the same.
daddybearforex. com
  • #17,874
  • Dec 4, 2012 2:36pm Dec 4, 2012 2:36pm
Quoting dbutton1990
According to charts, it's going to come out worse then expected
So, you think it's going to reverse yesterday's course in a big way?
daddybearforex. com
  • #17,875
  • Dec 4, 2012 2:40pm Dec 4, 2012 2:40pm
the momentum to the upside is too great - we need to see a new high prior to reversal. Perhaps 1.0490 or perhaps higher and then .. oh, it's long way down.

A new high is also necessary for ewp completion
  • #17,876
  • Dec 4, 2012 2:43pm Dec 4, 2012 2:43pm
Quoting dbutton1990
According to charts, it's going to come out worse then expected
Yesterday's chart was hard to decypher. Today's chart may be a little bit easier. IMO
Hope our reading is correct.
daddybearforex. com
  • #17,877
  • Dec 4, 2012 2:45pm Dec 4, 2012 2:45pm
Quoting maximmm
the momentum to the upside is too great - we need to see a new high prior to reversal. Perhaps 1.0490 or perhaps higher and then .. oh, it's long way down.

A new high is also necessary for ewp completion
Before reaching a new high, a low is needed. This is what EWP works.
daddybearforex. com
  • #17,878
  • Dec 4, 2012 2:49pm Dec 4, 2012 2:49pm
Quoting DaddyBear
Before reaching a new high, a low is needed. This is what EWP works.
what is your low DB?
  • #17,879
  • Dec 4, 2012 2:50pm Dec 4, 2012 2:50pm
Quoting HelloOz
what is your low DB?
I only project the directions. I'd leave the lows to the market.
daddybearforex. com
  • #17,880
  • Dec 4, 2012 2:51pm Dec 4, 2012 2:51pm
My question now is what will happen before GDP.
daddybearforex. com
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