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Aussie Trading Room and Cartoons Gallery

  • #24,901
  • Jan 18, 2013 8:02pm Jan 18, 2013 8:02pm
Quoting DaddyBear
I read a Fib book:

Fibonacci Trading by Carolyn Boroden
I just ordered this book and the EWC in the mail..........
The More You Learn, The More You Earn.....
  • #24,902
  • Jan 18, 2013 8:03pm Jan 18, 2013 8:03pm
Quoting forexalien
Mine 200 MA looks flat, what does yours look like? This is H4 chart.
You got it bro, flattened out, bounced off.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #24,903
  • Jan 18, 2013 8:12pm Jan 18, 2013 8:12pm
Quoting DaddyBear
Today is the 6th month anniversary of this thread. Since 07/19/12, our trading room has changed a lot....
That's Great DB...........
The More You Learn, The More You Earn.....
  • #24,904
  • Jan 18, 2013 8:12pm Jan 18, 2013 8:12pm
I think this explains the Aussie move today.

http://www.smh.com.au/data-point/city-sizzles-in-record-heat-20130118-2cyrj.html
The world you desire can be won. It exists.. it is real.. it is possible..
  • #24,905
  • Jan 18, 2013 8:17pm Jan 18, 2013 8:17pm
Quoting Mr. Scott
I think this explains the Aussie move today.

http://www.smh.com.au/data-point/city-sizzles-in-record-heat-20130118-2cyrj.html
That will sear some brain cells, and the girl holding the dream sickle was hot too......
The More You Learn, The More You Earn.....
  • #24,906
  • Jan 18, 2013 8:29pm Jan 18, 2013 8:29pm
Quoting forexalien
I just ordered this book and the EWC in the mail..........
Alien, you really can read my mind.......
daddybearforex. com
  • #24,907
  • Edited Jan 19, 2013 10:46am Jan 18, 2013 8:34pm | Edited Jan 19, 2013 10:46am
This is the daily chart as of 01/18/13.

Based on patternology, two implications can be visualized:

1. Yellow = Yellow implies next upward move.
2. Cyan = Cyan implies next downward move.
Attached Image (click to enlarge)
Click to Enlarge Name: INDIX-011813-D.JPG Size: 121 KB
daddybearforex. com
  • #24,908
  • Edited Jan 19, 2013 10:46am Jan 18, 2013 8:41pm | Edited Jan 19, 2013 10:46am
Although I am currently bullish on the Aussie, the cyan = cyan pattern makes me wonder if my EWC does not match the preset market paths.

Quoting DaddyBear
This is the daily chart as of 01/18/13.

Based on patternology, two implications can be visualized:

1. Yellow = Yellow implies next upward move.
2. Cyan = Cyan implies next downward move.

http://www.forexfactory.com/attachme...1&d=1358613922
daddybearforex. com
  • #24,909
  • Jan 18, 2013 8:43pm Jan 18, 2013 8:43pm
Quoting forexalien
That's Great DB...........
Thanks, Alien.
daddybearforex. com
  • #24,910
  • Jan 19, 2013 5:58am Jan 19, 2013 5:58am
Quoting DaddyBear
Although I am currently bullish on the Aussie, the cyan = cyan pattern makes me wonder if my EWC does not match the preset market paths.
I suggest going with the preset market paths at all times^^
  • #24,911
  • Jan 19, 2013 9:10am Jan 19, 2013 9:10am
Quoting DaddyBear
What buy signal are you waiting for?
No buy signal, only sell and sell more.

I am also long on usdchf, in case this pig does not move.

Do not understand why bulls feel comfortable here. Is it because of swaps?

Aud might fall back to 70 cents in a few years and that is where it belongs.
  • #24,912
  • Jan 19, 2013 9:29am Jan 19, 2013 9:29am
Quoting maximmm
I suggest going with the preset market paths at all times^^
To be honest with you, I really believe the market paths were preset. This could be ridiculous to most people but this is the only "rational" way to decipher the irrational Forex market moves.
daddybearforex. com
  • #24,913
  • Jan 19, 2013 9:38am Jan 19, 2013 9:38am
Quoting maximmm
I suggest going with the preset market paths at all times^^
Unfortunately, I cannot see the future . What I try to do is to project into the future with EWP. EWP is an art very tough to master. Sometimes I am successful but sometimes not. It's really not possible going with the preset market paths at all times.
daddybearforex. com
  • #24,914
  • Jan 19, 2013 9:42am Jan 19, 2013 9:42am
Quoting mry2001
No buy signal, only sell and sell more.

I am also long on usdchf, in case this pig does not move.

Do not understand why bulls feel comfortable here. Is it because of swaps?

Aud might fall back to 70 cents in a few years and that is where it belongs.
Are you a long term investor? I only trade the Aussie short term. I agree with you that AUD might fall back to 0.70 or even lower in a few years but in the near term the upside is still more likely than the downside IMO.
daddybearforex. com
  • #24,915
  • Edited 10:46am Jan 19, 2013 10:01am | Edited 10:46am
In order to solve this puzzle, I looked into H4 and compared these two patterns. It appears that the yellow patterns are more likely to succeed IMO.

Quoting DaddyBear
This is the daily chart as of 01/18/13.

Based on patternology, two implications can be visualized:

1. Yellow = Yellow implies next upward move.
2. Cyan = Cyan implies next downward move.

http://www.forexfactory.com/attachme...1&d=1358613922
daddybearforex. com
  • #24,916
  • Jan 19, 2013 10:17am Jan 19, 2013 10:17am
Quoting DaddyBear
Are you a long term investor? I only trade the Aussie short term. I agree with you that AUD might fall back to 0.70 or even lower in a few years but in the near term the upside is still more likely than the downside IMO.
In the short term it is bearish imo. More or less, it will follow GBPUSD.
GBPUSD tested 1.63 3 times in a year and failed; while AUD tested 1.06 3 times and did not pass so far.

I do not see any upside on the 4h chart and daily chart. It is clearly lower lows and lower highs. Let us see what happens next week.
  • #24,917
  • Jan 19, 2013 10:18am Jan 19, 2013 10:18am
Quoting DaddyBear
In order to solve this puzzle, I looked into H4 and compared these two patterns. It appears that the yellow patterns are more likely to be succeed IMO.
Bro, I am not seeing the chart?
The world you desire can be won. It exists.. it is real.. it is possible..
  • #24,918
  • Jan 19, 2013 10:22am Jan 19, 2013 10:22am
Quoting mry2001
In the short term it is bearish imo. More or less, it will follow GBPUSD.
GBPUSD tested 1.63 3 times in a year and failed; while AUD tested 1.06 3 times and did not pass so far.

I do not see any upside on the 4h chart and daily chart. It is clearly lower lows and lower highs. Let us see what happens next week.
I agree it is easy to see the down trend. It is certainly possible AUD does continue lower, as DaddyBear has mentioned. I am fine with that as I hold a level below here and willing to get stopped out.

However, do you see the possibility of the up move? Clear your mind and you should see both.

Look at weekly, monthly, then daily.

Lower tf look bearish.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #24,919
  • Jan 19, 2013 10:31am Jan 19, 2013 10:31am
Quoting mry2001
No buy signal, only sell and sell more.

I am also long on usdchf, in case this pig does not move.

Do not understand why bulls feel comfortable here. Is it because of swaps?

Aud might fall back to 70 cents in a few years and that is where it belongs.

DaddyBear and I are actually looking for a big move down in March/April but a big rally in May.

But I do not see how .70 is a rational number for AUDUSD unless you think the US economy is going to turnaround, interest rates are going up due to credit demand, and the US is going to stop printing money and run low or neutral budget.

Just so you know, the odds of those things happening are extremely low based on US current fiscal and political path. I would argue it is much more likely that the US continues to print money as it eventually enters a death spiral due to debt and USD bubble in next few years.

When I look at monthly chart, it is telling me the same thing. Odds are AUD goes higher although there is a chance it goes back.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #24,920
  • Jan 19, 2013 10:38am Jan 19, 2013 10:38am
Hey Boss......How is it going today?
The More You Learn, The More You Earn.....
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