Aussie Trading Room and Cartoons Gallery | Page 1298 | Forex Factory

Options

Go to
Permalinks
Print Thread

Similar Threads

Trading Cartoons and Pics 2,832 replies

EUR/USD Trading Room 328 replies

Do The Trading Room 20 replies

Attachments: Aussie Trading Room and Cartoons Gallery
Exit Attachments

Aussie Trading Room and Cartoons Gallery

  • #25,941
  • Jan 26, 2013 12:19pm Jan 26, 2013 12:19pm
January 5th I posted this chart......The lower chart is current.........I am seeing monthly rsi with PA divergance. On the weekly I am getting PA and rsi and stochastic divergance......It may be the daily is going to run down 200 pips more......The H4 is nearing a bottom so a correction to the upside first before a continuation down again.......
http://www.forexfactory.com/attachme...5&d=1357433488
Attached Image (click to enlarge)
Click to Enlarge Name: a m w d marked up.jpg Size: 504 KB
The More You Learn, The More You Earn.....
  • #25,942
  • Jan 26, 2013 12:26pm Jan 26, 2013 12:26pm
The aussie bull market ended way back in july 2011. We've been in a trading range ever since. It will eventually break out of the trading range and the underlying conditions are screaming that the breakout will be to the downside. The last major leg down in the aussie (from the 2/26/2012 high) was 1275 pips down. A one to one leg down from the recent high of 10597 projects down to 9322. That last leg down lasted only 13 weeks. 13 weeks down from the 1/10/2013 high puts us in april. I wouldn't be surprised to 9300 or lower come april. This market looks like its going to tank.
  • #25,943
  • Jan 26, 2013 12:28pm Jan 26, 2013 12:28pm
Quoting forexalien
If price repeats it'self, possible 200 more pip drop..............Stochastics look the same in first panel. Back in end of Sept. and beginning of Nov. same setup as now for 200 more pip drop. But most of us play the daily swings and can't hold our trades that long......

I thought forex is a slow market, mush slower than the stock market?

In a demo account, I bought GBP/JPY a year ago at 1.20xx and am still holding it. It is a very profitable trade.
Too bad all my money was on the stocks at that time.
  • #25,944
  • Jan 26, 2013 12:31pm Jan 26, 2013 12:31pm
Quoting chiknthief
The number one problem with many traders is that they are thinking wrong. They think its the charts that move markets. Nothing could be further from the truth. Its the 'CONDITIONS' that move the markets not charts. The charts only reflect the conditions, AFTER THE FACT. The conditions on the COT (net traders positions) show us we're on the verge of a major sell off. This could be HUGE.

The aussie doesn't fall apart that easy - UNTIL IT DOES !!! Buying dips in a bull market works...
I agree with this statement....I may use the charts for general history and timing events, but that one stochastic can stay long for days and it is the PA causing the stochastic to stay long, not the stochastic making the PA stay long..........
The More You Learn, The More You Earn.....
  • #25,945
  • Jan 26, 2013 12:35pm Jan 26, 2013 12:35pm
Quoting chiknthief
The aussie bull market ended way back in july 2011. We've been in a trading range ever since. It will eventually break out of the trading range and the underlying conditions are screaming that the breakout will be to the downside. The last major leg down in the aussie (from the 2/26/2012 high) was 1275 pips down. A one to one leg down from the recent high of 10597 projects down to 9322. That last leg down lasted only 13 weeks. 13 weeks down from the 1/10/2013 high puts us in april. I wouldn't be surprised to 9300 or lower come april. This market...
I see 101.00 to .9300 myself.......
The More You Learn, The More You Earn.....
  • #25,946
  • Jan 26, 2013 12:39pm Jan 26, 2013 12:39pm
Quoting forexalien
I see 101.00 to .9300 myself.......
101.00??

so the target would be 0.93?

I will hold then.
  • #25,947
  • Jan 26, 2013 12:45pm Jan 26, 2013 12:45pm
Quoting mry2001
I thought forex is a slow market, mush slower than the stock market?

In a demo account, I bought GBP/JPY a year ago at 1.20xx and am still holding it. It is a very profitable trade.
Too bad all my money was on the stocks at that time.
In forex you trade the waves up and down on different TF's, this is not a (sell or buy) and hold for many years. If you bought the GBP/JPY a year ago at 1.20xx, it went up 1500 pips in 3 months, 1500 pips down in 3 months, and back up 2500 pips in 6 months,

In one years time you could have collected 5500 pips if you rode the 3 waves it created for you. A mini account 1 contract = $5500.00 using a $250 margin, on a standard contract $55,000, that's a years wages for some people and more for most people.......just using $250 margin for the $5500........or the regular contract of $2500 margin netting the $55,000
The More You Learn, The More You Earn.....
  • #25,948
  • Jan 26, 2013 12:47pm Jan 26, 2013 12:47pm
Quoting forexalien
I agree with this statement....I may use the charts for general history and timing events, but that one stochastic can stay long for days and it is the PA causing the stochastic to stay long, not the stochastic making the PA stay long..........
Amen
  • #25,949
  • Jan 26, 2013 12:50pm Jan 26, 2013 12:50pm
Quoting mry2001
101.00??

so the target would be 0.93?

I will hold then.
I can't say where it will go all the way, but on the Monthy chart it has a Low in that area right now........
Attached Image
The More You Learn, The More You Earn.....
  • #25,950
  • Jan 26, 2013 1:01pm Jan 26, 2013 1:01pm
Notice how the volatility has waned in the aussie. (weekly bars getting smaller and smaller) BIG volatility will always return. The bulls are wore out and tired, ran out of steam. The public is at or near record longs and that means when the market picks up steam to the downside they all will be breaking the doors down to exit their longs and then it will be very interesting to watch the momentum explode to the downside coupled with everybody and their uncle jumping in on the short side. Volatility is going to pick up.
Attached Image (click to enlarge)
Click to Enlarge Name: aud volatility.gif Size: 25 KB
  • #25,951
  • Jan 26, 2013 1:05pm Jan 26, 2013 1:05pm
Quoting DaddyBear
These two are not brothers..... just neighbors ....
Hahaha and for 40 hours I thought you were talking about HelloOz and ShadowZ and their personal like behaviors......LOL And you were talking about the pair of twins I posted........
The More You Learn, The More You Earn.....
  • #25,952
  • Jan 26, 2013 1:46pm Jan 26, 2013 1:46pm
STOCHASTICS - I'm not a big fan of stochastics. In a trending move they can go to an extreme reading and stay there for a long time. (area between the white vertical lines). I prefer to buy/sell retracements back to the MAC channel (red and green lines). Real price action. Overbought/oversold readings of stochastics don't mean much in a trending market. Just so you're aware.
Attached Image (click to enlarge)
Click to Enlarge Name: stochastics.gif Size: 23 KB
  • #25,953
  • Jan 26, 2013 6:31pm Jan 26, 2013 6:31pm
Quoting mry2001
This is what I see on daily chart. The long term support trend line is broken.

http://www.forexfactory.com/attachme...1&d=1359207430
This trend line could be misleading. A fake breakout is more likely at this point.
daddybearforex. com
  • #25,954
  • Jan 26, 2013 6:46pm Jan 26, 2013 6:46pm
If you draw a trend line from the October low, you might get a bounce here.
  • #25,955
  • Jan 26, 2013 7:16pm Jan 26, 2013 7:16pm
Quoting chiknthief
STOCHASTICS - I'm not a big fan of stochastics. In a trending move they can go to an extreme reading and stay there for a long time. (area between the white vertical lines). I prefer to buy/sell retracements back to the MAC channel (red and green lines). Real price action. Overbought/oversold readings of stochastics don't mean much in a trending market. Just so you're aware.
http://www.forexfactory.com/attachme...1&d=1359229551 (http://www.forexfactory.com/attachment.php?attachmentid=1124436&d=1359229551)

Great example you have given of the stochastic staying high forever........
This is why another indicator along with it , like the ADX will keep you long when needed......
Attached Image (click to enlarge)
Click to Enlarge Name: a sto long and adx.jpg Size: 365 KB
The More You Learn, The More You Earn.....
  • #25,956
  • Jan 26, 2013 7:22pm Jan 26, 2013 7:22pm
Quoting DaddyBear
This trend line could be misleading. A fake breakout is more likely at this point.
another look

http://www.forexfactory.com/attachme...1&d=1359207430
Attached Image (click to enlarge)
Click to Enlarge Name: a nother look.jpg Size: 230 KB
The More You Learn, The More You Earn.....
  • #25,957
  • Jan 26, 2013 7:26pm Jan 26, 2013 7:26pm
Quoting DaddyBear
This trend line could be misleading. A fake breakout is more likely at this point.
My chart indicates the close of the candle was above the trend line.
Attached Image
daddybearforex. com
  • #25,958
  • Jan 26, 2013 7:28pm Jan 26, 2013 7:28pm
andddddddddddd above or below monthly pivot ?

it seems there is gap in your broker.... and PA is trying to fill it .. may be

Quoting DaddyBear
My chart indicates the close of the candle was above the trend line.
not euphoria follower
  • #25,959
  • Jan 26, 2013 7:28pm Jan 26, 2013 7:28pm
I'd say the red trend line is more reliable than the blue one.

Quoting forexalien
another look

http://www.forexfactory.com/attachme...1&d=1359249739
daddybearforex. com
  • #25,960
  • Jan 26, 2013 7:30pm Jan 26, 2013 7:30pm
The question is whether the close or the low is more important in determining the trend line break.

Quoting DaddyBear
My chart indicates the close of the candle was above the trend line.

http://www.forexfactory.com/attachme...1&d=1359249991
daddybearforex. com
11 traders viewing now