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Aussie Trading Room and Cartoons Gallery

  • #18,741
  • Dec 8, 2012 8:15am Dec 8, 2012 8:15am
Quoting Tim_isoara
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.
nice charts
  • #18,742
  • Dec 8, 2012 8:35am Dec 8, 2012 8:35am
Quoting DaddyBear
My view is that the Aussie will reach 1.10xx before a major drop.
Now that's a Betting Bear 1.10xx
  • #18,743
  • Dec 8, 2012 8:58am Dec 8, 2012 8:58am
Quoting maximmm
As a short term trader, you are pretty confident in your long term view while ignoring COT^^ Curious.
Long term view sets my sight straight even I am a short term trader. You see, while COT is a lagging data, my long term view is ahead of the curve. When surfing the Forex markets, I wouldn't use COT. Here is a cartoon posted a few months ago. Let me use it to visualize my point for those COT believers.
Attached Image (click to enlarge)
Click to Enlarge Name: SURFING.JPG Size: 71 KB
daddybearforex. com
  • #18,744
  • Dec 8, 2012 8:59am Dec 8, 2012 8:59am
Quoting kerrydrake
Now that's a Betting Bear 1.10xx
What do you mean?

http://www.forexfactory.com/attachme...1&d=1354668254
daddybearforex. com
  • #18,745
  • Edited 9:39am Dec 8, 2012 9:22am | Edited 9:39am
Quoting Tim_isoara
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.
Regarding your weekly view, I have to disagree based on the following rationales.

First, this has been a very popular and dominant view of the Forex websites. You are using that view as a base to add you opinions to it.

Second, as mentioned before, all long term TF wave formations are corrective patterns. Having said this, the wave C has completed at the end of wave 5. The Aussie has moved to another major downward corrective pattern after wave 5.

Third, unlike impulsive waves, a corrective pattern does not have a 5-wave triangles.

Fourth, wave B should be shorter and simpler than wave C. But in your chart, they are reversed.

In conclusion, after wave 5, the pattern formation should be A-a-b-c (B). Wave D and E won't occur. My chart's A-B-C pattern may be changed to a-b-c (B) to make it easier to understand.


http://www.forexfactory.com/attachme...1&d=1354954896

http://www.forexfactory.com/attachme...1&d=1352525455
daddybearforex. com
  • #18,746
  • Dec 8, 2012 9:35am Dec 8, 2012 9:35am
Quoting DaddyBear
Second, as mentioned before, all long term TF wave formations are corrective patterns.
I also mentioned this view before. I believe all long term TF wave formations were impulsive before leaving the Garden of Eden. After Eden, everything has reversed to corrective formations. This is what I am thinking and cannot be proved by anyone including myself.
daddybearforex. com
  • #18,747
  • Dec 8, 2012 9:49am Dec 8, 2012 9:49am
Quoting DaddyBear
First, this has been a very popular and dominant view of the Forex websites.


http://www.forexfactory.com/attachme...1&d=1354954896
I used to think this was perfect projection before. I am not sure who was the first one to produce this formation. Others have been just following this view without an in-depth review by themselves.

A few months ago, I suddenly realized that this projection was not going to happen in the future. Simply because it was against the EWP. IMO
daddybearforex. com
  • #18,748
  • Dec 8, 2012 9:52am Dec 8, 2012 9:52am
Quoting kerrydrake
Now that's a Betting Bear 1.10xx
Are you saying I am playing a slot machine? Have you ever seen any casino patrons carrying a chart with him.


http://www.forexfactory.com/attachme...1&d=1342978717
daddybearforex. com
  • #18,749
  • Dec 8, 2012 9:56am Dec 8, 2012 9:56am
Quoting DaddyBear
Are you saying I am playing a slot machine? Have you ever seen any casino patrons carrying a chart with him.
Betting may be an entertainment in the casinos but not in the Forex market. I don't bet when I trade the Forex market. Betting is reserved for Bullears.

http://www.forexfactory.com/attachme...1&d=1342182564
daddybearforex. com
  • #18,750
  • Dec 8, 2012 10:00am Dec 8, 2012 10:00am
Very Mixed signals in general , as the slower green stochastic fades away and the faster black stochastic is nearing topping out and a reversal is near, the price action is showing weakness. As far as the 4H RSI it is showing signs of retreating lower, Currently RSI divergence is showing on the daily and weekly charts for lower price action. Monthly and weekly ADX have been resting for quite some time. Larger move beginning early next year to be exspected.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD month thru hour marked up dec 8th 2012.jpg Size: 295 KB
The More You Learn, The More You Earn.....
  • #18,751
  • Dec 8, 2012 10:02am Dec 8, 2012 10:02am
Quoting DaddyBear
Betting may be an entertainment in the casinos but not in the Forex market. I don't bet when I trade the Forex market. Betting is reserved for Bullears.

http://www.forexfactory.com/attachme...1&d=1342182564
I believe some people are thinking the Forex markets are just another type of casinos. They bet on the markets' next moves. For the people with such thinking, I'd say it may be easier to make money in the casinos than in the Forex markets. IMO
daddybearforex. com
  • #18,752
  • Dec 8, 2012 10:03am Dec 8, 2012 10:03am
Quoting DaddyBear
Are you saying I am playing a slot machine? Have you ever seen any casino patrons carrying a chart with him.


http://www.forexfactory.com/attachme...1&d=1342978717
Stacking the Deck in your favor are you ?
The More You Learn, The More You Earn.....
  • #18,753
  • Dec 8, 2012 10:05am Dec 8, 2012 10:05am
Quoting DaddyBear
I believe some people are thinking the Forex markets are just another type of casinos. They bet on the markets' next moves. For the people with such thinking, I'd say it may be easier to make money in the casinos than in the Forex markets. IMO
Forex trading is a serious business. One has to work his butt off many times before he can get a feeling of what the Forex market is. Unlike playing the slot machine, Forex trading takes a lifetime effort to master the trading.
daddybearforex. com
  • #18,754
  • Dec 8, 2012 10:07am Dec 8, 2012 10:07am
Quoting forexalien
Stacking the Deck in your favor are you ?
Can you make your point straight?

http://www.forexfactory.com/attachme...1&d=1354668254
daddybearforex. com
  • #18,755
  • Dec 8, 2012 10:10am Dec 8, 2012 10:10am
Quoting forexalien
Stacking the Deck in your favor are you ?
Are you spinning your heads?

http://www.forexfactory.com/attachme...1&d=1353942803
daddybearforex. com
  • #18,756
  • Dec 8, 2012 10:15am Dec 8, 2012 10:15am
Does anyone have the information of CNY CPI & PPI?
daddybearforex. com
  • #18,757
  • Dec 8, 2012 10:15am Dec 8, 2012 10:15am
Quoting DaddyBear
Forex trading is a serious business. One has to work his butt off many times before he can get a feeling of what the Forex market is. Unlike playing the slot machine, Forex trading takes a lifetime effort to master the trading.
I agree with your statement.....
The More You Learn, The More You Earn.....
  • #18,758
  • Dec 8, 2012 10:16am Dec 8, 2012 10:16am
Quoting DaddyBear
Does anyone have the information of CNY CPI & PPI?
Some people are thinking the probability of a gap up on Sunday open due to CNY CPI & PPI.
daddybearforex. com
  • #18,759
  • Dec 8, 2012 10:17am Dec 8, 2012 10:17am
Quoting forexalien
I agree with your statement.....
alien, I am glad that we have something in common. -DB-
daddybearforex. com
  • #18,760
  • Dec 8, 2012 10:19am Dec 8, 2012 10:19am
Quoting forexalien
I agree with your statement.....
To be honest, you have good insights with your triple ADX. Some people are looking forward to seeing your charts in this forum.
daddybearforex. com
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