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  • #17,881
  • Dec 4, 2012 4:53pm Dec 4, 2012 4:53pm
Quoting DaddyBear
Before reaching a new high, a low is needed. This is what EWP works.

I'm not talking daily chart - 4 hour chart and one hour chart - the 4th wave (retraction) has already been completed - or so it appears. Now we only need to see the last - 5th wave prior to reversal
  • #17,882
  • Dec 4, 2012 4:57pm Dec 4, 2012 4:57pm
Bounced and still inside the channel, looking for a retest of September highs.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.gif Size: 65 KB
  • #17,883
  • Dec 4, 2012 4:57pm Dec 4, 2012 4:57pm
Quoting DaddyBear
My question now is what will happen before GDP.
There are four ways of movements before and after the news/events.

+ & +
+ & -
- & +
- & -

One of these will apply to GDP tonight.
daddybearforex. com
  • #17,884
  • Dec 4, 2012 5:04pm Dec 4, 2012 5:04pm
Quoting maximmm
I'm not talking daily chart - 4 hour chart and one hour chart - the 4th wave (retraction) has already been completed - or so it appears. Now we only need to see the last - 5th wave prior to reversal
The whole thing since Sunday was a corrective wave. Of this degree, there were no 4th or 5th waves. But, within this context, there were 4th and 5th sub-waves. They have been all completed IMO.
daddybearforex. com
  • #17,885
  • Dec 4, 2012 5:06pm Dec 4, 2012 5:06pm
Quoting pabloski
Bounced and still inside the channel, looking for a retest of September highs.
Before a man becomes a CEO at the top of the building, he has to be a janitor working in the basement.
daddybearforex. com
  • #17,886
  • Dec 4, 2012 5:13pm Dec 4, 2012 5:13pm
Quoting DaddyBear
Before a man becomes a CEO at the top of the building, he has to be a janitor working in the basement.
He is there now. Just wait him to finish cleaning it up.
  • #17,887
  • Dec 4, 2012 5:13pm Dec 4, 2012 5:13pm
Quoting DaddyBear
Before a man becomes a CEO at the top of the building, he has to be a janitor working in the basement.
.....
  • #17,888
  • Dec 4, 2012 5:13pm Dec 4, 2012 5:13pm
Quoting Stretch
You didn't understand me or I didn't made it clear enough. I think with the gossip he meant something else. It won't have affect on my trading. I just may not post a lot anymore than. I will just continue trading how I am doing now. How or what I post won't have much affect. But thanks for your concerns I appreciate it
Let's clear this up here. By gossip I was referring to people writing what "they think is going to happen" after the RBA news yesterday without any good analysis or charts.
  • #17,889
  • Dec 4, 2012 5:15pm Dec 4, 2012 5:15pm
Quoting m1dnightshad
Let's clear this up here. By gossip I was referring to people writing what "they think is going to happen" after the RBA news yesterday without any good analysis or charts.
DB words,

There are four ways of movements before and after the news/events.

+ & +
+ & -
- & +
- & -
  • #17,890
  • Dec 4, 2012 5:40pm Dec 4, 2012 5:40pm
http://www.youtube.com/watch?v=lu3VTngm1F0
not euphoria follower
  • #17,891
  • Dec 4, 2012 5:43pm Dec 4, 2012 5:43pm
Quoting iqyu5an
http://www.youtube.com/watch?v=lu3VTngm1F0
hey buddy,
whats your take for today?
  • #17,892
  • Dec 4, 2012 5:55pm Dec 4, 2012 5:55pm
Quoting DaddyBear
Yesterday's chart was hard to decypher. Today's chart may be a little bit easier. IMO
Hope our reading is correct.
Good point about yesterday, if you don't feel the direction ( hard to decypher ) or it is not clear, Stay Clear of the pair.
  • #17,893
  • Dec 4, 2012 6:01pm Dec 4, 2012 6:01pm
hey...

blurrr mate...

overall market is red actually. this is the second day dow jones getting red after buy back - greece & merkel news. but usd is getting weak...


Quoting HelloOz
hey buddy,
whats your take for today?
not euphoria follower
  • #17,894
  • Dec 4, 2012 6:11pm Dec 4, 2012 6:11pm
Quoting DaddyBear
So, you think it's going to reverse yesterday's course in a big way?
I believe so.
Good luck and may the odds be ever in your favor!
  • #17,895
  • Dec 4, 2012 6:13pm Dec 4, 2012 6:13pm
A slight rally before the fall...
Good luck and may the odds be ever in your favor!
  • #17,896
  • Dec 4, 2012 6:30pm Dec 4, 2012 6:30pm
Quoting dbutton1990
A slight rally before the fall...
Charts were right DB.
Good luck and may the odds be ever in your favor!
  • #17,897
  • Dec 4, 2012 6:31pm Dec 4, 2012 6:31pm
GDP 0.5 % < 0.6% forecast.
daddybearforex. com
  • #17,898
  • Dec 4, 2012 6:31pm Dec 4, 2012 6:31pm
err.... gdp lower than expected, I expect aud to rally one last time just to mess traders up one last time - and then CRASH
  • #17,899
  • Dec 4, 2012 6:32pm Dec 4, 2012 6:32pm
Quoting dbutton1990
Charts were right DB.

now we wait for asian open
Good luck and may the odds be ever in your favor!
  • #17,900
  • Dec 4, 2012 6:33pm Dec 4, 2012 6:33pm
aud - frozen - the ultimate beauty of reaction. Aud may stay in 2 pip range for a while^^
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