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Aussie Trading Room and Cartoons Gallery

  • #21,441
  • Dec 23, 2012 5:10pm Dec 23, 2012 5:10pm
This is what I see......
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daddybearforex. com
  • #21,442
  • Dec 23, 2012 8:09pm Dec 23, 2012 8:09pm
Today's PA may be in a range-bound movement all day. IMO
daddybearforex. com
  • #21,443
  • Dec 23, 2012 9:20pm Dec 23, 2012 9:20pm
Broken 1.0410 I think the wedge is over... If the triangle was not to perfect I will think another high to 1.060, but I dont think so. Aussie has been move in a ABC correction pattern for while and it is obvious to think that it should continue and the correction will reach between 0,382 and 0,618 fib levels, but if there a correction and then a new low soon the a pattern would change and there will be a correction but the decline should be more deep than the chart...

http://www.forexfactory.com/attachment.php?attachmentid=1105154&d=1356319155
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #21,444
  • Dec 23, 2012 9:23pm Dec 23, 2012 9:23pm
Quoting Luis Carlos
Broken 1.0410 I think the wedge is over... If the triangle was not to perfect I will think another high to 1.060, but I dont think so. Aussie has been move in a ABC correction pattern for while and it is obvious to think that it should continue and the correction will reach between 0,382 and 0,618 fib levels, but if there a correction and then a new low soon the a pattern would change and there will be a correction but the decline should be more deep than the chart...

http://www.forexfactory.com/attachment.php?attachmentid=1105154&d=1356319155...
Can you post a chart?
daddybearforex. com
  • #21,445
  • Dec 23, 2012 9:24pm Dec 23, 2012 9:24pm
Quoting DaddyBear
Can you post a chart?
the link
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #21,446
  • Dec 23, 2012 9:30pm Dec 23, 2012 9:30pm
Quoting Luis Carlos
Broken 1.0410 I think the wedge is over... If the triangle was not to perfect I will think another high to 1.060, but I dont think so. Aussie has been move in a ABC correction pattern for while and it is obvious to think that it should continue and the correction will reach between 0,382 and 0,618 fib levels, but if there a correction and then a new low soon the a pattern would change and there will be a correction but the decline should be more deep than the chart...

http://www.forexfactory.com/attachment.php?attachmentid=1105154&d=1356319155...
Luis, IMO, this could be the wave-a/B. Wave-B is to be a flat.
daddybearforex. com
  • #21,447
  • Dec 23, 2012 9:32pm Dec 23, 2012 9:32pm
Quoting Luis Carlos
Broken 1.0410 I think the wedge is over... If the triangle was not to perfect I will think another high to 1.060, but I dont think so. Aussie has been move in a ABC correction pattern for while and it is obvious to think that it should continue and the correction will reach between 0,382 and 0,618 fib levels, but if there a correction and then a new low soon the a pattern would change and there will be a correction but the decline should be more deep than the chart...

http://www.forexfactory.com/attachment.php?attachmentid=1105154&d=1356319155...
Nicely done sir, I too am looking for a retrace here to around 1.046 and eventually a place to get short.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #21,448
  • Dec 23, 2012 9:32pm Dec 23, 2012 9:32pm
Quoting Luis Carlos
the link
Your chart indicates a zigzag. But, I think it is going to be a flat.
daddybearforex. com
  • #21,449
  • Dec 23, 2012 9:36pm Dec 23, 2012 9:36pm
Quoting DaddyBear
Luis, IMO, this could be the wave-a/B. Wave-B is to be a flat.
You got it. Lets ask to Santa a flat at aussie cause I am looking another high at euro dollar to complete the cycle
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #21,450
  • Dec 23, 2012 9:37pm Dec 23, 2012 9:37pm
Quoting DaddyBear
Your chart indicates a zigzag. But, I think it is going to be a flat.
Could be any correction pattern that means just 3 waves correction
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #21,451
  • Dec 23, 2012 9:39pm Dec 23, 2012 9:39pm
Quoting Mr. Scott
Nicely done sir, I too am looking for a retrace here to around 1.046 and eventually a place to get short.
Thats OK Scott, but your stop should be 1.06
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #21,452
  • Dec 23, 2012 9:39pm Dec 23, 2012 9:39pm
Quoting Luis Carlos
You got it. Lets ask to Santa a flat at aussie cause I am looking another high at euro dollar to complete the cycle
My rationale behind a flat is because current a/B has only 3 sub-waves.
daddybearforex. com
  • #21,453
  • Dec 23, 2012 9:44pm Dec 23, 2012 9:44pm
Quoting DaddyBear
My rationale behind a flat is because current a/B has only 3 sub-waves.
ah Ok! But I could show you in the same chart flats 5-3-5 and zig-zags 3-3-5 or 3-3-3
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #21,454
  • Dec 23, 2012 9:47pm Dec 23, 2012 9:47pm
Quoting Luis Carlos
Thats OK Scott, but your stop should be 1.06
Right, looking to reenter on b wave for c wave if that makes sense as I too see an abc correction similar to what you posted. But I think that a will most likely end in 1.046 area. C? Who knows but prefer for it to play out as corrections are difficult to predict. So, c I would have a higher stop and will be predicated on what correction pattern develops.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #21,455
  • Dec 23, 2012 9:53pm Dec 23, 2012 9:53pm
Quoting Luis Carlos
ah Ok! But I could show you in the same chart flats 5-3-5 and zig-zags 3-3-5 or 3-3-3
I know there are some exceptions. But, I prefer to follow the typical formations 3-3-5 for current correction. If it turns out to be the formation, the Wave-c/B should not be as low as shown in your chart. IMO
daddybearforex. com
  • #21,456
  • Dec 23, 2012 9:53pm Dec 23, 2012 9:53pm
Quoting Mr. Scott
Right, looking to reenter on b wave for c wave if that makes sense as I too see an abc correction similar to what you posted. But I think that a will most likely end in 1.046 area. C? Who knows but prefer for it to play out as corrections are difficult to predict. So, c I would have a higher stop and will be predicated on what correction pattern develops.
Are you going to place a 140 pips SL?
daddybearforex. com
  • #21,457
  • Dec 23, 2012 9:56pm Dec 23, 2012 9:56pm
Quoting DaddyBear
I know there are some exceptions. But, I prefer to follow the typical formations 3-3-5 for current correction. If it turns out to be the formation, the Wave-c/B should not be as low as shown in your chart. IMO
Also, the wave-b/B may be higher than 1.0500.
daddybearforex. com
  • #21,458
  • Dec 23, 2012 10:04pm Dec 23, 2012 10:04pm
Quoting DaddyBear
Are you going to place a 140 pips SL?
DaddyBear, No first profit target is 1.0465. Then will look to reenter for c wave based on pa and pattern that develops.

I am lg at 1.0394, with sl at 1.0369. Risk is 25 pips in high demand zone and will show me that my interpretation is incorrect.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #21,459
  • Dec 23, 2012 10:07pm Dec 23, 2012 10:07pm
Quoting Mr. Scott
Right, looking to reenter on b wave for c wave if that makes sense as I too see an abc correction similar to what you posted. But I think that a will most likely end in 1.046 area. C? Who knows but prefer for it to play out as corrections are difficult to predict. So, c I would have a higher stop and will be predicated on what correction pattern develops.
Try to follow the waves before get in
Stocktwit: LuisCarlos - twitter: @lcparodi
  • #21,460
  • Dec 23, 2012 10:50pm Dec 23, 2012 10:50pm
Quoting DaddyBear
H4 ADX implies a rebound is in the cards.
I have not seen a pull back on my 4h ADX yet.......It implies strong downtrend yet. My 1h adx implies a rebound is in the cards
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