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Aussie Trading Room and Cartoons Gallery

  • #21,661
  • Dec 27, 2012 12:54pm Dec 27, 2012 12:54pm
Quoting Nate04
Oh, I know... I'm already over it. Weather I win, lose or in this case stay flat all day, I only let it bother me for a couple of minutes, and then move on to the next trade setup.
A run-up has a few phases. You can always enter at the beginning of any phase.
daddybearforex. com
  • #21,662
  • Dec 27, 2012 1:12pm Dec 27, 2012 1:12pm
Quoting DaddyBear
To be honest, I am expecting a so-so news from Washington in these two days. This news will prop up the Aussie to a much higher ground.
DaddyBear, even if US goes off the cliff, could be impetus for Aussie to move higher.

I get the knee jerk reaction to buy dollar, take risk off, but beyond that, the US going off the cliff is bad for dollar as higher taxes and less spending will translate into slower economy with Fed less likely to raise rates and the Fed very likely to flood market with liquidity to prevent a negative initial shock.

Deal will boost all risk currencies as evidenced by negative reaction to rumors of cliff.

Looks like your foundation should hold although the market could still get a knee jerk reaction down.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #21,663
  • Dec 27, 2012 1:16pm Dec 27, 2012 1:16pm
Current PA is inside M5 Ichimoku Clouds. The bottom of the clouds is at 1.0361 currently.
daddybearforex. com
  • #21,664
  • Dec 27, 2012 1:22pm Dec 27, 2012 1:22pm
Quoting Mr. Scott
DaddyBear, even if US goes off the cliff, could be impetus for Aussie to move higher.

I get the knee jerk reaction to buy dollar, take risk off, but beyond that, the US going off the cliff is bad for dollar as higher taxes and less spending will translate into slower economy with Fed less likely to raise rates and the Fed very likely to flood market with liquidity to prevent a negative initial shock.

Deal will boost all risk currencies as evidenced by negative reaction to rumors of cliff.

Looks like your foundation should hold although the market...
Good point. There will be four scenarios:

Over the Cliff - Risk On
Over the Cliff - Risk Off
Avoid the Cliff - Risk On
Avoid the Cliff - Risk Off

Higher taxes and lower spending may in fact boost the Dollar. IMO
daddybearforex. com
  • #21,665
  • Dec 27, 2012 1:30pm Dec 27, 2012 1:30pm
Quoting DaddyBear
Good point. There will be four scenarios:

Over the Cliff - Risk On
Over the Cliff - Risk Off
Avoid the Cliff - Risk On
Avoid the Cliff - Risk Off

Higher taxes and lower spending may in fact boost the Dollar. IMO
Got it and your point, just going off PA to news thus far.

Higher taxes and lower spending should boost dollar but that would mean the market cares about inflation(which it hasn't) and that the lower spending and higher taxes would translate into higher revenues(which it won't), lower deficits (which it won't), and the Fed less likely to borrow and print more money(which it won't).

Strange times we live in.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #21,666
  • Dec 27, 2012 1:51pm Dec 27, 2012 1:51pm
Quoting DaddyBear
After putting money at the foundation floor, the Aussie took off and got 20 pips already. This is going to be the best trade after Christmas.
Also, kiwi daily is putting in tweezer bottom with potential doji.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #21,667
  • Dec 27, 2012 2:38pm Dec 27, 2012 2:38pm
Seems to me the foundation may need another inspection.
daddybearforex. com
  • #21,668
  • Dec 27, 2012 3:32pm Dec 27, 2012 3:32pm
Seems to me, not many people are trading this week. In fat, they may miss good trading opportunities this week. Today is my best day in these two holiday weeks so far.
daddybearforex. com
  • #21,669
  • Dec 27, 2012 3:50pm Dec 27, 2012 3:50pm
I agree that there does not seem to be many people around, but like you, I've had some pretty good days. In fact this is the best holiday season I've traded. I think there is more volume that previous few years, and the price action is more "rational" and tradeable. No strange spikes and gaps.
Holy Grail part 1. - Cut loses short.
  • #21,670
  • Dec 27, 2012 3:56pm Dec 27, 2012 3:56pm
Quoting mystic
I agree that there does not seem to be many people around, but like you, I've had some pretty good days. In fact this is the best holiday season I've traded. I think there is more volume that previous few years, and the price action is more "rational" and tradeable. No strange spikes and gaps.
mystic, is you upper monitor too high to watch?


http://www.forexfactory.com/nfs/cust...ar107933_2.gif
daddybearforex. com
  • #21,671
  • Dec 27, 2012 4:01pm Dec 27, 2012 4:01pm
After looking at H4 chart, I got a feeling that the bears may not be done yet. May be the rebound is done and the Aussie is ready for a dive.

The Cliff issue makes traders very nerves. Now I try to lock up the profits as soon as possible.
daddybearforex. com
  • #21,672
  • Dec 27, 2012 4:03pm Dec 27, 2012 4:03pm
The upper monitor is a bit high, but it's sloped down, so that helps a bit. It is just the lack of room that make me have it that way.

I usually just use the top one for stuff I want to keep a bit of an eye on, but not too much. I place trades and do most things on the bottom screen.
Holy Grail part 1. - Cut loses short.
  • #21,673
  • Dec 27, 2012 4:11pm Dec 27, 2012 4:11pm
Quoting DaddyBear
After looking at H4 chart, I got a feeling that the bears may not be done yet. May be the rebound is done and the Aussie is ready for a dive.
My charts show it sitting above a pile of support. It's had a steep run down, and a retrace to say 1.045 seems a good prospect. But my gut keeps saying "bear" and a further steep fall in the future.

I'm just scalping and waiting to see what happens.
Holy Grail part 1. - Cut loses short.
  • #21,674
  • Dec 27, 2012 4:32pm Dec 27, 2012 4:32pm
Quoting DaddyBear
Looks like the Aussie will stay at this level for a while. May be a few more hours. IMO
Maybe a few Days......
The More You Learn, The More You Earn.....
  • #21,675
  • Dec 27, 2012 4:33pm Dec 27, 2012 4:33pm
Quoting DaddyBear
Yes, guerrilla warfare style...
Love this cartoon......

http://www.forexfactory.com/attachme...1&d=1356577240
The More You Learn, The More You Earn.....
  • #21,676
  • Dec 27, 2012 4:34pm Dec 27, 2012 4:34pm
Quoting DaddyBear
After looking at H4 chart, I got a feeling that the bears may not be done yet. May be the rebound is done and the Aussie is ready for a dive.

The Cliff issue makes traders very nerves. Now I try to lock up the profits as soon as possible.
Hi DB,
My ADX system is also showing that a test of low or beyond is in the cards for AUDUSD.

TT
  • #21,677
  • Dec 27, 2012 4:51pm Dec 27, 2012 4:51pm
Quoting DaddyBear
The foundation has been tested, retested and retested again. The inspector has approved the work. IMO
All I see is a hole......no footings , no foundation, China is just inches under the Bulls feet.......I hope he doesn't fall thru.......

http://www.forexfactory.com/attachme...1&d=1356631193 (http://www.forexfactory.com/attachment.php?attachmentid=1106483&d=1356631193)
The More You Learn, The More You Earn.....
  • #21,678
  • Dec 27, 2012 4:55pm Dec 27, 2012 4:55pm
Quoting Nate04
Oh, I know... I'm already over it. Weather I win, lose or in this case stay flat all day, I only let it bother me for a couple of minutes, and then move on to the next trade setup.
You missed nothing ......you will get another chance to enter.......
The More You Learn, The More You Earn.....
  • #21,679
  • Dec 27, 2012 4:57pm Dec 27, 2012 4:57pm
Quoting TrendTrader
Hi DB,
My ADX system is also showing that a test of low or beyond is in the cards for AUDUSD.

TT
Before that happens, a run-up is still highly likely. IIMO
daddybearforex. com
  • #21,680
  • Dec 27, 2012 5:09pm Dec 27, 2012 5:09pm
ADX (42) (blue line) is still active.......down mode.....
Attached Image
The More You Learn, The More You Earn.....
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