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Aussie Trading Room and Cartoons Gallery

  • #19,761
  • Dec 12, 2012 4:46pm Dec 12, 2012 4:46pm
Quoting HelloOz
so youre saying Asian traders like leftovers??? Hyena??
They did not participate the rally, so they may just make one for themselves.
daddybearforex. com
  • #19,762
  • Dec 12, 2012 5:01pm Dec 12, 2012 5:01pm
Quoting DaddyBear
They did not participate the rally, so they may just make one for themselves.
Nah,
NY ended the rally that was started yesterday by the asian traders.
  • #19,763
  • Dec 12, 2012 5:09pm Dec 12, 2012 5:09pm
A retracement is under way. Any thought on where we are headed?
Good luck and may the odds be ever in your favor!
  • #19,764
  • Dec 12, 2012 5:11pm Dec 12, 2012 5:11pm
Quoting dbutton1990
A retracement is under way. Any thought on where we are headed?
hard to say..
some said AUD want to test Aug high,
some said we are still in the 1.015 - 1-058 range..

i am done for this year.
be back again next year..

dont play with what you dont know.
  • #19,765
  • Dec 12, 2012 5:19pm Dec 12, 2012 5:19pm
Quoting dbutton1990
A retracement is under way. Any thought on where we are headed?
for my 2 lot,
i would say 1.050
  • #19,766
  • Dec 12, 2012 5:51pm Dec 12, 2012 5:51pm
Quoting HelloOz
for my 2 lot,
i would say 1.050
What if the Aussie hits the new high?
daddybearforex. com
  • #19,767
  • Dec 12, 2012 5:54pm Dec 12, 2012 5:54pm
Quoting HelloOz
hard to say..
some said AUD want to test Aug high,
some said we are still in the 1.015 - 1-058 range..

i am done for this year.
be back again next year..

dont play with what you dont know.
Based on H4 ADX, the Aussie is not satisfied with the Bulls' performance today.
daddybearforex. com
  • #19,768
  • Dec 12, 2012 6:03pm Dec 12, 2012 6:03pm
MI Inflation Expectations is only 1.8%. Very low.
daddybearforex. com
  • #19,769
  • Dec 12, 2012 6:12pm Dec 12, 2012 6:12pm
Quoting DaddyBear
What if the Aussie hits the new high?
then we have new high
  • #19,770
  • Dec 12, 2012 6:13pm Dec 12, 2012 6:13pm
Quoting DaddyBear
MI Inflation Expectations is only 1.8%. Very low.
You say only as if this is good for the Aussy.

Compared to the previous 2.2%, it's worse.
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: na
  • #19,771
  • Dec 12, 2012 6:16pm Dec 12, 2012 6:16pm
Quoting surgeon
You say only as if this is good for the Aussy.

Compared to the previous 2.2%, it's worse.
room for further cut..
  • #19,772
  • Edited 6:30pm Dec 12, 2012 6:16pm | Edited 6:30pm
it appears that aud does not wish to reverse just yet

actually - never mind

This is the third high - or third touch of the broken trendline -

A new high is possible but less likely given the completion of the 5th wave
  • #19,773
  • Dec 12, 2012 6:53pm Dec 12, 2012 6:53pm
Quoting maximmm
it appears that aud does not wish to reverse just yet

actually - never mind

This is the third high - or third touch of the broken trendline -

A new high is possible but less likely given the completion of the 5th wave
Refer to the daily chart I posted. We will know in the next couple of days if we are reversing or breaking out of consolidation.
Good luck and may the odds be ever in your favor!
  • #19,774
  • Dec 12, 2012 7:10pm Dec 12, 2012 7:10pm
I just returned to see that ben's performance caused some indigestion. It was very long and more technical than I have seen before. I wonder how many reporters actually understood what he said and what it means for the future? It was refreshing to see a few good questions. So now we wait for London to open.

Happy Trades,
fxstir
  • #19,775
  • Dec 12, 2012 8:18pm Dec 12, 2012 8:18pm
This retracement was short and to the point. London open will be a leg up. IMO
Attached Image (click to enlarge)
Click to Enlarge Name: 12-12-2012 8-18-15 PM.png Size: 37 KB
Good luck and may the odds be ever in your favor!
  • #19,776
  • Edited 10:05pm Dec 12, 2012 8:49pm | Edited 10:05pm
This is the daily chart-12/12/12 with my system II. The red cloud completely disappeared and merged with the yellow indicator X. The green cloud continued to encroach the read cloud's territory. The yellow color circled area indicates the bullish bias is still intact.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-121212-D.JPG Size: 104 KB
daddybearforex. com
  • #19,777
  • Dec 12, 2012 9:21pm Dec 12, 2012 9:21pm
Quoting dbutton1990
This retracement was short and to the point. London open will be a leg up. IMO
David, your chart shows yesterday's high touched upper TL. But, mine still has a gap. I think this gap will be filled tonight or Thursday. IMO
daddybearforex. com
  • #19,778
  • Dec 12, 2012 9:29pm Dec 12, 2012 9:29pm
The question now is what will happen after 1.06. This is a critical juncture. A lot of Bears are waiting to short at or near this level. In the next 24 hours, we shall have an answer.

http://www.forexfactory.com/attachme...1&d=1355293499
daddybearforex. com
  • #19,779
  • Dec 12, 2012 10:00pm Dec 12, 2012 10:00pm
This weekly chart indicates the ABCDE triangle theory circulated among the Aussie traders was not correct. The yellow dot is where the Aussie is now. The W1 Destination C is next after H4 Destination C is reached. However, the path won't be straight.
Attached Image (click to enlarge)
Click to Enlarge Name: ABC-2.JPG Size: 58 KB
daddybearforex. com
  • #19,780
  • Dec 12, 2012 10:03pm Dec 12, 2012 10:03pm
Quote
The Reserve Bank of Australia (RBA) is being told by central bankers elsewhere that if the RBA truly wants to dampen the value of the Australian dollar then it should consider heavy intervention measures, according to The Australian Financial Review.

Thoughts? In the long run, market wins and exchange rate goes where it should be but in the short run can be tough to fight. I believe RBA would rather intervene than cut rates further as they have been skeptical and critical of ultra low rates. So, every intervention is a buying opportunity?

As posted previously, half position still long.
The world you desire can be won. It exists.. it is real.. it is possible..
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