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  • #27,141
  • Feb 6, 2013 6:40am Feb 6, 2013 6:40am
Based on H1 chart pattern, I think at least one more drop to end this downward move.
daddybearforex. com
  • #27,142
  • Feb 6, 2013 7:00am Feb 6, 2013 7:00am
This was posted 6 hours ago. I believe the Bear is now in a clear and present danger....

Quoting DaddyBear
I believe this cartoon was incomplete.....


http://www.forexfactory.com/attachme...1&d=1360127743

Let DB depict the truth for ya ...........

http://www.forexfactory.com/attachme...1&d=1360130893
daddybearforex. com
  • #27,143
  • Feb 6, 2013 7:07am Feb 6, 2013 7:07am
Quoting DaddyBear
This was posted 6 hours ago. I believe the Bear is now in a clear and present danger....
Im going to test my patience im holding on to my longs! Atleast ill get positive Swap on them in the mean time!
  • #27,144
  • Feb 6, 2013 7:13am Feb 6, 2013 7:13am
Quoting Arman_A
Im going to test my patience im holding on to my longs! Atleast ill get positive Swap on them in the mean time!
Patience is a virtue if you don't mind going down to the basement with the bears first .......

http://www.forexfactory.com/attachme...1&d=1358957853
daddybearforex. com
  • #27,145
  • Feb 6, 2013 7:14am Feb 6, 2013 7:14am
Quoting DaddyBear
Based on H1 chart pattern, I think at least one more drop to end this downward move.
Hi DB,
You guys pushed me hard to take Elliott Waves seriously. I found something called by Harmonic Elliott wave. Seems interesting. Any comments.
http://www.harmonic-ewave.com/ and some youtube videos by Ian Copsey. Any of you folks follow him or subscribe his forecasting services?

Any inputs on this would be greatly appreciated. Thank you...
  • #27,146
  • Feb 6, 2013 7:21am Feb 6, 2013 7:21am
Quoting arcticwolf
hey koala oz your awake what is your take on aud (bottom around 1.0280 )untill jobs data and then further down ?
tbh, i dont know mate.
watched it slide the whole afternoon..
went long earlier for 5-10 pips
now flat again
hard to read this POS..

but i got a feeling tomorrow we will see 1.02 with bad UR data..
  • #27,147
  • Feb 6, 2013 7:22am Feb 6, 2013 7:22am
Quoting HelloOz
tbh, i dont know mate.
watched it slide the whole afternoon..
went long earlier for 5-10 pips
now flat again
hard to read this POS..

but i got a feeling tomorrow we will see 1.02 with bad UR data..
as you know, feeling is not a good indicator ...
  • #27,148
  • Feb 6, 2013 7:22am Feb 6, 2013 7:22am
Quoting Pip Piper
Hi DB,
You guys pushed me hard to take Elliott Waves seriously. I found something called by Harmonic Elliott wave. Seems interesting. Any comments.
http://www.harmonic-ewave.com/ and some youtube videos by Ian Copsey. Any of you folks follow him or subscribe his forecasting services?

Any inputs on this would be greatly appreciated. Thank you...
few weeks ago, DB said that harmonic pattern is based on EWP, in a simpler form.. am i right DB?
  • #27,149
  • Feb 6, 2013 7:23am Feb 6, 2013 7:23am
Quoting 2+2=4ex
I know. I can get away with anything.
That's Amazing ! So can I ..............Are you Alien also?
The More You Learn, The More You Earn.....
  • #27,150
  • Feb 6, 2013 7:35am Feb 6, 2013 7:35am
Quoting arcticwolf
hey koala oz your awake what is your take on aud (bottom around 1.0280 )untill jobs data and then further down ?
1.0276 is 127.2 fib extension on my h4 chart..
  • #27,151
  • Feb 6, 2013 7:55am Feb 6, 2013 7:55am
Thats a very strong bearish candle on daily we have. Ill be keeping my eyes on how today ends.
Im puzzled by the lack of corrolation between NZD and AUD lately though - just for the last couple weeks, NZD has developed a mind of its own. We'll see how that fares after todays data though.


Quoting arcticwolf
I think ( just a feeling that it is going back into the 1.02 S I have longs still running from 1.04-5 but hey it will go back up there
Haha, looking at a weekly chart, I like to use the opposite rationale: "Its fairly high now, technically it must come lower sooner or later".
  • #27,152
  • Feb 6, 2013 8:05am Feb 6, 2013 8:05am
Quoting Pip Piper
Hi DB,
You guys pushed me hard to take Elliott Waves seriously. I found something called by Harmonic Elliott wave. Seems interesting. Any comments.
http://www.harmonic-ewave.com/ and some youtube videos by Ian Copsey. Any of you folks follow him or subscribe his forecasting services?

Any inputs on this would be greatly appreciated. Thank you...
The EWP is a principle. The Harmonic is an indicator/tool based on the EWP. Quite a few people are using Harmonic in this forum.
daddybearforex. com
  • #27,153
  • Feb 6, 2013 8:07am Feb 6, 2013 8:07am
Quoting HelloOz
few weeks ago, DB said that harmonic pattern is based on EWP, in a simpler form.. am i right DB?
Koala morning. Yes, I think so.
daddybearforex. com
  • #27,154
  • Feb 6, 2013 8:14am Feb 6, 2013 8:14am
Quoting feelmypecs
Thats a very strong bearish candle on daily we have. Ill be keeping my eyes on how today ends.
Im puzzled by the lack of corrolation between NZD and AUD lately though - just for the last couple weeks, NZD has developed a mind of its own. We'll see how that fares after todays data though.



Haha, looking at a weekly chart, I like to use the opposite rationale: "Its fairly high now, technically it must come lower sooner or later".

Is there any rationale in the Forex market?
daddybearforex. com
  • #27,155
  • Feb 6, 2013 8:40am Feb 6, 2013 8:40am
Quoting DaddyBear
Is there any rationale in the Forex market?
Id say so; I dont think the markets are completely random. If they were, you'd often see currencies which one day just go in one direction and never head back. They rarely do that, instead choosing to move in waves on every single time frame.

I definitely feel there is some rationale in the markets. Sometimes its obvious, other times more subtle.
  • #27,156
  • Feb 6, 2013 9:02am Feb 6, 2013 9:02am
Quoting feelmypecs
Id say so; I dont think the markets are completely random. If they were, you'd often see currencies which one day just go in one direction and never head back. They rarely do that, instead choosing to move in waves on every single time frame.

I definitely feel there is some rationale in the markets. Sometimes its obvious, other times more subtle.
IMO, there is an order within the chaos in the markets but no rationales.
daddybearforex. com
  • #27,157
  • Feb 6, 2013 9:12am Feb 6, 2013 9:12am
Quoting forexalien
That's Amazing ! So can I ..............Are you Alien also?
Yes! What's up brotha?!

http://us.123rf.com/400wm/400/400/ha...ey-variety.jpg
  • #27,158
  • Feb 6, 2013 9:15am Feb 6, 2013 9:15am
http://thumbs.newschoolers.com/index...f&size=200x300
  • #27,159
  • Feb 6, 2013 9:31am Feb 6, 2013 9:31am
Quoting DaddyBear
IMO, there is an order within the chaos in the markets but no rationales.
Imo, the rationale is to maximize profits and minimize losses!
Play the players, not the cards.
  • #27,160
  • Feb 6, 2013 9:55am Feb 6, 2013 9:55am
Quoting 2+2=4ex
http://thumbs.newschoolers.com/index...f&size=200x300
I am still waiting for that string to break.........
The More You Learn, The More You Earn.....
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