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Aussie Trading Room and Cartoons Gallery

  • #18,721
  • Dec 7, 2012 10:19pm Dec 7, 2012 10:19pm
Quoting DaddyBear
I understand your concept very well. You are thinking that the DTL is a resistance and cannot be penetrated. However, the current a-b-c pattern has accumulated plenty of energy. When it is unwinding, the Aussie will be pushed over the DTL and heads toward Weekly Destination C. [Not the H4 Destination C.]
Current a-b-c pattern has tested weekly DTL twice already. Although these two tests failed, it may be tough for the bears to hold back the bulls this time. I won't be surprised that the next initial test is rejected at the DTL. But, the following tests will break this line in the sand and eject the Aussie into the Deep Space.

http://www.forexfactory.com/attachme...1&d=1352525455
daddybearforex. com
  • #18,722
  • Dec 7, 2012 10:39pm Dec 7, 2012 10:39pm
Quoting DaddyBear
My view is that the Aussie will reach 1.10xx before a major drop.
Actually, your chart supports the first analogy -
In other words, first a move to 1.01X and then a move above 1.06
  • #18,723
  • Dec 7, 2012 11:00pm Dec 7, 2012 11:00pm
Quoting maximmm
Actually, your chart supports the first analogy -
In other words, first a move to 1.01X and then a move above 1.06
No, you misunderstood my chart. This chart was posted in mid-November. The point c was registered on 10/8/12 at 1.015xx. Now the Aussie is moving toward the weekly Destination C.

http://www.forexfactory.com/attachme...1&d=1352525455
daddybearforex. com
  • #18,724
  • Dec 7, 2012 11:17pm Dec 7, 2012 11:17pm
Quoting DaddyBear
No, you misunderstood my chart. This chart was posted in mid-November. The point c was registered on 10/8/12 at 1.015xx. Now the Aussie is moving toward the weekly Destination C.

http://www.forexfactory.com/attachme...1&d=1352525455
Ah, gotcha.

We do not agree then^^
This C wave of yours on the actual weekly chart is severely lacking momentum. Something to keep in mind.

If the C wave was stronger looking, I would be more inclined to agree with you.
  • #18,725
  • Dec 7, 2012 11:41pm Dec 7, 2012 11:41pm
Quoting DaddyBear
This is the daily chart with my system-X. The yellow Indicator-X has reached its maximum value. The next move will be down. This will bring the Aussie down with it. The support is near the LTL at 1.044xx.
This is a further study of the daily chart. A drop to monthly Pivot and previous daily low is highly possible.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-120712-D-2.JPG Size: 83 KB
daddybearforex. com
  • #18,726
  • Dec 7, 2012 11:45pm Dec 7, 2012 11:45pm
Quoting maximmm
Ah, gotcha.

We do not agree then^^
This C wave of yours on the actual weekly chart is severely lacking momentum. Something to keep in mind.

If the C wave was stronger looking, I would be more inclined to agree with you.
I know the pitch of current wave looks not strong enough to reach 1.10xx. Bear in mind, this portion is the first part of wave C. After a retracement descending from H4 Destination C completes, a new and steeper channel will be established to facilitate the higher energy movement.
daddybearforex. com
  • #18,727
  • Edited Dec 8, 2012 1:00am Dec 7, 2012 11:49pm | Edited Dec 8, 2012 1:00am
Curious - apparently the COT net long on aud is the highest since 1993.

Next week should be interesting^^

" AUD COT figures are even more incredible with a record net long interst that contrasts a lower swing low for the pair. Big technical patterns are in place, but we have two events that can feed whatever is left of a risk relief rally: a Fed rate decision with stimulus and the vote on paying Greece's aid. "
http://www.dailyfx.com/print-article.html?filename=/forex/analyst_picks/todays_picks/john_kicklighter/2012/12/07/Positioning_Says_Forex_Reversals_Next_Week_Fundamentals_Dont_Agree.html

Essentially, when everyone is long, it is very difficult for a pair to move higher without making a significant move lower in order to shed the longs. Without stops above, a sovereign has to funnel extreme amounts of money for the pair to move just a little bit higher - while a minor sell off by the same sovereign would cause the pair to plummet very strongly due to the numerous stops below.
  • #18,728
  • Dec 7, 2012 11:58pm Dec 7, 2012 11:58pm
can we know the rates of pairs when market is closed? i mean on Saturday and Sunday..if yes how?
Sometimes it's better to be wrong,to learn..
  • #18,729
  • Dec 8, 2012 12:01am Dec 8, 2012 12:01am
will the news about the death of the nurse who got pranked by aussie djs have any impact on the dollar?

or am i being paranoid.
  • #18,730
  • Dec 8, 2012 12:01am Dec 8, 2012 12:01am
Quoting DaddyBear
I know the pitch of current wave looks not strong enough to reach 1.10xx. Bear in mind, this portion is the first part of wave C. After a retracement descending from H4 Destination C completes, a new and steeper channel will be established to facilitate the higher energy movement.
Even COT says that moves higher will be insignificant compared to the coming move lower - and no, a move down to 1.04 is not sufficient enough for the longs to be cut.
  • #18,731
  • Dec 8, 2012 12:02am Dec 8, 2012 12:02am
Quoting KiNgEdwarD
can we know the rates of pairs when market is closed? i mean on Saturday and Sunday..if yes how?
Check xe.com you can get rates any day any time.
It works till it doesn't
  • #18,732
  • Dec 8, 2012 12:02am Dec 8, 2012 12:02am
Quoting Spoony
will the news about the death of the nurse who got pranked by aussie djs have any impact on the dollar?

or am i being paranoid.
I do believe this is the starting stage for the upcoming nuclear war between UK and Australia. Good call!^^
  • #18,733
  • Dec 8, 2012 12:06am Dec 8, 2012 12:06am
Quoting DaEdge
Check xe.com you can get rates any day any time.
thanks dude
Sometimes it's better to be wrong,to learn..
  • #18,734
  • Dec 8, 2012 12:36am Dec 8, 2012 12:36am
Quoting KiNgEdwarD
thanks dude
It works till it doesn't
  • #18,735
  • Dec 8, 2012 1:51am Dec 8, 2012 1:51am
Quoting maximmm
Curious - apparently the COT net long on aud is the highest since 1993.

Next week should be interesting^^

" AUD COT figures are even more incredible with a record net long interst that contrasts a lower swing low for the pair. Big technical patterns are in place, but we have two events that can feed whatever is left of a risk relief rally: a Fed rate decision with stimulus and the vote on paying Greece's aid. "
http://www.dailyfx.com/print-article.html?filename=/forex/analyst_picks/todays_picks/john_kicklighter/2012/12/07/Positioning_Says_Forex_Reversals_Next_Week_Fundamentals_Dont_Agree.html

Essentially,...
As a short term trader, I really don't think COT matters.
daddybearforex. com
  • #18,736
  • Dec 8, 2012 1:53am Dec 8, 2012 1:53am
Quoting iqyu5an
http://www.forexfactory.com/attachme...5&d=1354927268
You have a soft for that or you drawing?
  • #18,737
  • Dec 8, 2012 2:01am Dec 8, 2012 2:01am
Quoting DaddyBear
As a short term trader, I really don't think COT matters.
As a short term trader, you are pretty confident in your long term view while ignoring COT^^ Curious.
  • #18,738
  • Dec 8, 2012 2:20am Dec 8, 2012 2:20am
both of ...

for the soft, there is indi, coded by NEN, called zup . Nen Also let us to set our own ratio of the harmonic.
for the drawing, there should be full understanding of each harmonic pattern and the evolution from one pattern to another one (http://www.trade-forex-harmonic-patterns.com/)


Quoting Tim_isoara
You have a soft for that or you drawing?
not euphoria follower
  • #18,739
  • Dec 8, 2012 2:47am Dec 8, 2012 2:47am
Aud weekly daily and H4
On weekly down move for E 0.9750, if break upper blue line target 1.1195.
On daily down move for magenta line 1.0380, if break upper blue line target 1.0620.
On H4 start C wave target 1.0435-08.
Daily ATR for aud is 52 pips, regular ATR for aud is around 100 pips.because of this SL and TP should be reduced by half, compared to the usual use.
A refreshing weekend to all.
Attached Image(s) (click to enlarge)
Click to Enlarge Name: aud weekly.gif Size: 30 KB
Click to Enlarge Name: aud daily.gif Size: 37 KB
Click to Enlarge Name: aud h4.gif Size: 36 KB
  • #18,740
  • Dec 8, 2012 3:13am Dec 8, 2012 3:13am
Quoting Spoony
will the news about the death of the nurse who got pranked by aussie djs have any impact on the dollar?

or am i being paranoid.
what about the prank call that ausie radio hosts made to hospital where Kate was staying?
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