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  • #26,641
  • Feb 1, 2013 5:50am Feb 1, 2013 5:50am
Quoting DaddyBear
The chart pattern implied a relief for the bulls form the bears' torture last night.....
The hidden pattern is unfolding. It's going to be powerful waves. Or, a thrust to be clear enough to the bears.....
daddybearforex. com
  • #26,642
  • Feb 1, 2013 5:55am Feb 1, 2013 5:55am
Quoting DaddyBear
The chart pattern implied a relief for the bulls form the bears' torture last night.....
Hope it holds so I get to hang out here a bit. Ben in it from 9 AM GMT
  • #26,643
  • Feb 1, 2013 6:03am Feb 1, 2013 6:03am
Quoting Kissa
Hope it holds so I get to hang out here a bit. Ben in it from 9 AM GMT
It was very easy to see the bears all over the places when it is dropping hard but not that easy to see the hidden bulls in the charts.
daddybearforex. com
  • #26,644
  • Feb 1, 2013 6:08am Feb 1, 2013 6:08am
Quoting DaddyBear
It was very easy to see the bears all over the places when it is dropping hard but not that easy to see the hidden bulls in the charts.
This is the art I was talking about all the time. Relying on the lagging COT is not an art.
daddybearforex. com
  • #26,645
  • Feb 1, 2013 6:23am Feb 1, 2013 6:23am
Quoting DaddyBear
This is the art I was talking about all the time. Relying on the lagging COT is not an art.
But its far from over, We're just now getting a minor upside correction. The upside is limited. By the end of march you'll see the art in the COT. BTW - the COT is a leading indicator NOT a lagging indicator. Its been warning of a sell off for weeks and weeks. And its not done yet.
  • #26,646
  • Feb 1, 2013 6:25am Feb 1, 2013 6:25am
This message was posted 9 hours ago during the dark hours for the bulls. I knew this upward move was coming. The bottomless scenario promoted by the ultra bears was out sync with the market's preset paths.

Quoting DaddyBear
If you are a bull, don't be scared. The bears and ChikBear will be exhausted or already are exhausted. Tide will turn. The bears will run away for the covers.

http://www.forexfactory.com/attachme...1&d=1359694767
daddybearforex. com
  • #26,647
  • Edited 6:49am Feb 1, 2013 6:30am | Edited 6:49am
Quoting chiknthief
But its far from over, We're just now getting a minor upside correction. The upside is limited. By the end of march you'll see the art in the COT. BTW - the COT is a leading indicator NOT a lagging indicator. Its been warning of a sell off for weeks and weeks. And its not done yet.
Chik, seeing something to be happened in a distanced future is easier than identifying daily movements. COT is lagging data because it was what happened one week earlier. Your interpretations of COT does not change the nature of COT.

Also, using data is not an art. No art is based on any data.
daddybearforex. com
  • #26,648
  • Feb 1, 2013 6:31am Feb 1, 2013 6:31am
Quoting DaddyBear
This message was posted 9 hours ago during the dark hours for the bulls. I knew this upward move was coming. The bottomless scenario promoted by the ultra bears was out sync with the market's preset paths.
Everybody knows the market never goes straight up or straight down. Corrections happen all the time. More downside coming.
  • #26,649
  • Feb 1, 2013 6:34am Feb 1, 2013 6:34am
Quoting chiknthief
Everybody knows the market never goes straight up or straight down. Corrections happen all the time. More downside coming.
agree
get ready DB as you will not like it very much
  • #26,650
  • Feb 1, 2013 6:34am Feb 1, 2013 6:34am
Quoting DaddyBear
Chik, see something to be happened in a distanced future is easier than identify daily movements. COT is lagging data because it was what happened one week earlier. Your interpretations of COT does not change the nature of COT.

Also, using data is not an art. No art is based on any data.
Is Bruce Lee's Chinese martial art an art? Yes. The way he looked at it is the highest state of martial art above all. Be water, he said. I cannot recall he said be data or be something countable.....
daddybearforex. com
  • #26,651
  • Feb 1, 2013 6:39am Feb 1, 2013 6:39am
Quoting HelloOz
agree
get ready DB as you will not like it very much
Well, let me say this. Sit on your hands and try not to post that you make that much from longs later.
daddybearforex. com
  • #26,652
  • Feb 1, 2013 6:40am Feb 1, 2013 6:40am
Quoting DaddyBear
Chik, see something to be happened in a distanced future is easier than identify daily movements. COT is lagging data because it was what happened one week earlier. Your interpretations of COT does not change the nature of COT.

Also, using data is not an art. No art is based on any data.
Yes, you're right that the COT data is after the fact. This isn't the proper way to use it. Its no timing indicator whatsoever, but its a reading on market conditions that almost nobody talks about. Conditions move the market, NOT EWP - NOT CHARTS. It takes weeks and months for setups to occur and if you're watching, you can see the buildup of opposing interests ahead of time thereby it becomes the best leading indicator of all. So you're right and so am I.

BTW - your EWP is lagging and AFTER THE FACT, also. You're always looking back at prior waves and counting them.
  • #26,653
  • Feb 1, 2013 6:42am Feb 1, 2013 6:42am
Quoting chiknthief
But its far from over, We're just now getting a minor upside correction. The upside is limited. By the end of march you'll see the art in the COT. BTW - the COT is a leading indicator NOT a lagging indicator. Its been warning of a sell off for weeks and weeks. And its not done yet.
Down 80 pips 9 hours after the news then up 65 pips in 5 hours. You call this a minor upside correction? The thrust in the daily context is not over yet.
daddybearforex. com
  • #26,654
  • Edited 7:13am Feb 1, 2013 6:46am | Edited 7:13am
I hope you can spend $15 and buy that EWP book for your own good. EWP is used to project the future moves.

Quoting chiknthief
Yes, you're right that the COT data is after the fact. This isn't the proper way to use it. Its no timing indicator whatsoever, but its a reading on market conditions that almost nobody talks about. Conditions move the market, NOT EWP - NOT CHARTS. It takes weeks and months for setups to occur and if you're watching, you can see the buildup of opposing interests ahead of time thereby it becomes the best leading indicator of all. So you're right and so am I.

BTW - your EWP is lagging and AFTER THE FACT, also. You're always looking back at prior...
daddybearforex. com
  • #26,655
  • Feb 1, 2013 6:46am Feb 1, 2013 6:46am
Quoting DaddyBear
Down 80 pips 9 hours after the news then up 65 pips in 5 hours. You call this a minor upside correction? The thrust in the daily context is not over yet.
I already see signs of failure @ H4 MAC and daily pivot.
  • #26,656
  • Feb 1, 2013 6:54am Feb 1, 2013 6:54am
Quoting chiknthief
I already see signs of failure @ H4 MAC and daily pivot.
No market goes straight up. Identifying whether a move is a retracement or a failure is an art as well. COT cannot give a clue as to what happens in the real time movements.
daddybearforex. com
  • #26,657
  • Feb 1, 2013 6:56am Feb 1, 2013 6:56am
Quoting DaddyBear
I hope you can spent $15 and buy that EWP book for your own good. EWP is used to project the future moves.
Thats awesome DB, that you like EWP. Thats your thing and I'm happy for you. I respect you for it. More power to ya. May I wish you many good pips now and in the future. Its just not my thing, thats all.
  • #26,658
  • Feb 1, 2013 7:01am Feb 1, 2013 7:01am
Quoting DaddyBear
Well, let me say this. Sit on your hands and try not to post that you make that much from longs later.
take it easy my buddy
Gd night and enjoy your weekend

you too chikbear..
  • #26,659
  • Feb 1, 2013 7:02am Feb 1, 2013 7:02am
Quoting DaddyBear
No market goes straight up. Identifying whether a move is a retracement or a failure is an art as well. COT cannot give a clue as to what happens in the real time movements.
I agree. Its no good for predicting day to day market noise. Its more long term. I happen to trade more long term than short term so I'm comfortable with it. In the end, I usually win with it. This makes me comfortable and as they say, all traders need to find their comfort zone and stick with it. Same for you and EWP. I'm not knocking you or anybody elses methods. Whats good for you is good for you. No problem.
  • #26,660
  • Feb 1, 2013 7:03am Feb 1, 2013 7:03am
Quoting chiknthief
I already see signs of failure @ H4 MAC and daily pivot.
Chik, throw your MAC into the dumpster for your own sake. A hugh hammer was formed and pretty much confirmed in H4. This is a very bullish candlestick pattern understoond by any newbies who are learning candlesticks.
daddybearforex. com
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