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Aussie Trading Room and Cartoons Gallery

  • #23,201
  • Jan 11, 2013 9:58pm Jan 11, 2013 9:58pm
Quoting Leebos
Thank you Mr. Scott,

I do often visit and observe sentiment and proceedings. I am not one to impose myself but do like to kindle humility amongst the comaradarie, wherever possible. I feel people see the clearer picture when they're not inclined to adamantly hold their corner.

Thanks for the invite
You are welcome.

As posted previously, I need to take my eyes off the pa and relax.

But would be interested in your views and ideas. Please post and share. That is how we all learn and get better.

I hold no corner. I buy now/sell later. Need to be like water.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #23,202
  • Jan 12, 2013 2:00am Jan 12, 2013 2:00am
Quoting DaddyBear
Daily as of 01/11/13 showing bullish INDI X intact even after 70 pips drop.
On Oanda daily chart we have bearish engulfing.
  • #23,203
  • Jan 12, 2013 2:11am Jan 12, 2013 2:11am
Quoting DaddyBear
H4 formed a perfect Doji. H1 had a reversed green hammer during the final hour...
DB Based on EWP this move down you don't expect at least an ABC? If this move down was A you don't expect BC. Why?
  • #23,204
  • Jan 12, 2013 4:13am Jan 12, 2013 4:13am
Quoting DaddyBear
Weekly as of 01/11/13 showing the continued bullish bias.
Weekly nothing change range 1.0600-1.0350-1.0150.
  • #23,205
  • Jan 12, 2013 5:36am Jan 12, 2013 5:36am
predator and alien

Quoting DaddyBear
What are these creatures?

http://www.forexfactory.com/attachme...1&d=1357949791
  • #23,206
  • Edited 11:39am Jan 12, 2013 11:19am | Edited 11:39am
Quoting DaddyBear
At the bottoms, I have noticed the selling pressure is the highest. I always wonder who are those sellers. They could sell at higher levels but they chose to sell at the bottoms. Why? May be their minds were controlled by an invisible power to fulfill the preset market paths. I am not one of them but some people gotta do what they gotta do.
The Bottoms are composed of both, sellers who think it is going lower, and Longs who do not what to give up anymore profit that they once had on their longs, thinking it might go lower......as price drops , longs are getting out keeping profit....
The More You Learn, The More You Earn.....
  • #23,207
  • Jan 12, 2013 12:17pm Jan 12, 2013 12:17pm
To me, a bottom represents declining selling pressure and inclining buying pressure. The buying started before the bottom, and that's how the bottom is made. After that, the buying pressure is more than the selling, so prices move up. Afterwards, the selling pressure starts up as buying slows down, forming a top. Rinse and repeat. Something like that.

DB, it's surprsing you don't know who Alien or Predator are. They've been in American culture since the 80s.
Play the players, not the cards.
  • #23,208
  • Jan 12, 2013 1:00pm Jan 12, 2013 1:00pm
Quoting forexalien
The Bottoms are composed of both, sellers who think it is going lower, and Longs who do not what to give up anymore profit that they once had on their longs, thinking it might go lower......as price drops , longs are getting out keeping profit....
You forgot two more groups. First, the bulls who got stopped out. Second, the bulls who got margin calls.
daddybearforex. com
  • #23,209
  • Edited 2:15pm Jan 12, 2013 1:07pm | Edited 2:15pm
Quoting Tim_isoara
On Oanda daily chart we have bearish engulfing.
Do you have an Oanda chart? My two professional platform do not show bearish engulfing candles. Bear in mind, Oanda is a MM. Its data may not be the same as ECN brokers' or data providers'.
daddybearforex. com
  • #23,210
  • Jan 12, 2013 1:20pm Jan 12, 2013 1:20pm
Quoting DaddyBear
You forgot two more groups. First, the bulls who got stopped out. Second, the bulls who got margin calls.
Hey Daddio....How's it going today? Yeah it's a lazy Saturday today, I only have a half a Alien Brain today.......But come Sunday night, I will have two brains again.....
The More You Learn, The More You Earn.....
  • #23,211
  • Edited 3:06pm Jan 12, 2013 1:43pm | Edited 3:06pm
Quoting Tim_isoara
DB Based on EWP this move down you don't expect at least an ABC? If this move down was A you don't expect BC. Why?
When you said based on EWP, seems to me, you believed your EWC was conforming to EWP. Let's look at your recent EW counts and see if your counts were conforming to EWP.

First, 12/12/12 impulsive version - You nullified it later.

http://www.forexfactory.com/attachme...1&d=1356121933

Second, 12/21/12 impulsive version - You nullified it later as well.

http://www.forexfactory.com/attachme...1&d=1356123213

Third, 1/8/13 impulsive version. You changed EWC labeling. You nullified it later as well.

http://www.forexfactory.com/attachme...1&d=1357675440

Fourth, 1/9/13 corrective version. You changed EWC from an impulsive pattern to a corrective pattern. I'd like to point out what I see inappropriate labeling of w, x, y and z in your EWC. I know you are a follower of Luis and have learned this incorrect EWC from him. The labeling of w, x, y and z can only be applied in the flat formations not zigzags. Once you used w and x in this zigzag, I can come to a conclusion that your count was not based on EWP.

http://www.forexfactory.com/attachme...1&d=1357776311

Fifth, 1/10/13 corrective version. You kept moving yellow B up without knowing it had exceeded the starting point of yellow A. Although it is not rare to see such a formation, most of the time it foretells the incorrectness of EWC.

http://www.forexfactory.com/attachme...1&d=1357822952
daddybearforex. com
  • #23,212
  • Jan 12, 2013 1:54pm Jan 12, 2013 1:54pm
Quoting Tim_isoara
DB Based on EWP this move down you don't expect at least an ABC? If this move down was A you don't expect BC. Why?
Now, let me post what I have had recently.

12/30/12 corrective version.

http://www.forexfactory.com/attachme...1&d=1356874664


1/6/13 corrective version. I changed (A) to (B)

http://www.forexfactory.com/attachme...1&d=1357526743


1/8/13 corrective version. It's the same as the previous EWC.

http://www.forexfactory.com/attachme...1&d=1357622336
daddybearforex. com
  • #23,213
  • Jan 12, 2013 1:57pm Jan 12, 2013 1:57pm
Today, I'd like to post my continued EWC and projection for the coming sessions.
Attached Image
daddybearforex. com
  • #23,214
  • Jan 12, 2013 2:06pm Jan 12, 2013 2:06pm
Quoting DaddyBear
Today, I'd like to post my continued EWC and projection for the coming sessions.
EWC is a Developing Art that you may have to adjust as time continues to eternity.....
Attached Image
The More You Learn, The More You Earn.....
  • #23,215
  • Edited 3:47pm Jan 12, 2013 2:08pm | Edited 3:47pm
Quoting Tim_isoara
DB Based on EWP this move down you don't expect at least an ABC? If this move down was A you don't expect BC. Why?
Why? There is a big difference between your use of EWP and mine. You [and Luis] have tried to label previous waves to fit your bearish views. The way I use EWP is to project the Aussie's future paths. The EWP is a forward approaching principle not a backward labeling tool. When you and Luis failed to understand this fundamental principle of EWP, no matter what both of you have done, it wouldn't help you stay ahead of the curve. I would like to suggest you watching the market instead of labeling something you still cannot master.
daddybearforex. com
  • #23,216
  • Jan 12, 2013 2:11pm Jan 12, 2013 2:11pm
Quoting DaddyBear
Today, I'd like to post my continued EWC and projection for the coming sessions.

Excellent work. Thank you for sharing and educating.

Glad you worked my 1.073 in there.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #23,217
  • Jan 12, 2013 2:14pm Jan 12, 2013 2:14pm
Quoting GnarlyPips
To me, a bottom represents declining selling pressure and inclining buying pressure. The buying started before the bottom, and that's how the bottom is made. After that, the buying pressure is more than the selling, so prices move up. Afterwards, the selling pressure starts up as buying slows down, forming a top. Rinse and repeat. Something like that.

DB, it's surprsing you don't know who Alien or Predator are. They've been in American culture since the 80s.
GP, your thought about the topping and bottoming is close to the reality. If you can model this concept to a math formula or an indicator, you will be making tons of pips.

I know Alien but not Predator.
daddybearforex. com
  • #23,218
  • Jan 12, 2013 2:22pm Jan 12, 2013 2:22pm
Quote
DaddyBear: Fourth, 1/9/13 corrective version. You changed EWC from an impulsive pattern to a corrective pattern. I'd like to point out what I see inappropriate labeling of w, x, y and z in your EWC. I know you are a follower of Luis and have learned this incorrect EWC. The labeling of w,x, y and z can only be applied at flat formations not zigzags. Once you used w and x in this zigzag, I can come to a conclusion that your count was not based on EWP.

Although the arbitrary usage of x,y,z, and w drive me nuts, I have a point of clarification here.

It is my understand x,y, z, and w are used in combinations of corrective patterns. So, two or three patterns with corrections(x) that move in opposite directions.

So, you could have a zigzag that is labeled w,x, or y as long as it is combination with a flat.

Just not in isolation.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #23,219
  • Jan 12, 2013 2:25pm Jan 12, 2013 2:25pm
Quoting forexalien
Hey Daddio....How's it going today? Yeah it's a lazy Saturday today, I only have a half a Alien Brain today.......But come Sunday night, I will have two brains again.....
Alien, I went out 20 miles north this morning driving on a scenery freeway and watching the winter mountains partially hidden behind the clouds [not Ichimoku Clouds]. My mind was completely out of the Forex market and charts. This was a great way to reboot my mind before the coming trading week .
daddybearforex. com
  • #23,220
  • Jan 12, 2013 2:32pm Jan 12, 2013 2:32pm
Quoting Mr. Scott
Although the arbitrary usage of x,y,z, and w drive me nuts, I have a point of clarification here.

It is my understand x,y, z, and w are used in combinations of corrective patterns. So, two or three patterns with corrections(x) that move in opposite directions.

So, you could have a zigzag that is labeled w,x, or y as long as it is combination with a flat.

Just not in isolation.
My understanding is that w, x, y and z can only be used in the patterns of double three or triple three. Both are flat correction patterns. For zigzags, a and b should be used instead of w and x . The arbitrary usage of w, x, y and z by Luis and Tim has been way off the EWP IMO.
daddybearforex. com
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