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  • #27,601
  • Feb 14, 2013 4:00am Feb 14, 2013 4:00am
HI DB

Thanks for pointing out EJ
Took a quick look and I can see you need big charts and deep pockets to get in and hold the best entries
Will watch your new thread for now
  • #27,602
  • Feb 14, 2013 4:53am Feb 14, 2013 4:53am
She's on the move. I'm predicting a move south down to around 1.0200 for the following reasons;

1. Bounced back off same 38.2% fib line that gave support between 30 Jan / 05 Feb.
2. Broke south of triangle pattern that's been forming since 13'th Feb (hard to see at this zoom level)
3. Bounced back off top of downward trend channel lines headed south.

I'm quite new so if one of you more experienced traders wants to pick my logic apart I'd really appreciate it.
Attached Image (click to enlarge)
Click to Enlarge Name: audusd.jpg Size: 164 KB
  • #27,603
  • Feb 14, 2013 5:19am Feb 14, 2013 5:19am
I am new at this too all the experienced guys don't like the aud anymore because it is not moving much LOL What you have put there looks good in theory and logic . We will just have to see what happens
Quoting Sinyk
She's on the move. I'm predicting a move south down to around 1.0200 for the following reasons;

1. Bounced back off same 38.2% fib line that gave support between 30 Jan / 05 Feb.
2. Broke south of triangle pattern that's been forming since 13'th Feb (hard to see at this zoom level)
3. Bounced back off top of downward trend channel lines headed south.

I'm quite new so if one of you more experienced traders wants to pick my logic apart I'd really appreciate it.
  • #27,604
  • Feb 14, 2013 5:37am Feb 14, 2013 5:37am
Not moving much is just the way I like it for the time being. My first live trade was a short just prior to the 100 pip upswing we had yesterday and blew the stop. Looking back at the chart now I can see where I was wrong, so it's all learning... :

Only current concern is the US unemployment insurance weekly claims report due at 00:30 AEST. The FF calendar has forecast at 361K but briefing.com has it at 365K (http://www.briefing.com/investor/calendars/economic/2013/02/11-15). If they're correct and it's higher then presumably AUD will strengthen and hose my short.

Again, if anyone has advice here I'd love to hear it.
  • #27,605
  • Feb 14, 2013 7:04am Feb 14, 2013 7:04am
Gd evening

What have i missed??
  • #27,606
  • Feb 14, 2013 7:08am Feb 14, 2013 7:08am
Quoting Sinyk
She's on the move. I'm predicting a move south down to around 1.0200 for the following reasons;

1. Bounced back off same 38.2% fib line that gave support between 30 Jan / 05 Feb.
2. Broke south of triangle pattern that's been forming since 13'th Feb (hard to see at this zoom level)
3. Bounced back off top of downward trend channel lines headed south.

I'm quite new so if one of you more experienced traders wants to pick my logic apart I'd really appreciate it.

http://www.forexfactory.com/attachme...1&d=1360838632...
Welcome Sinyk. Nice analysis. -DB-
daddybearforex. com
  • #27,607
  • Feb 14, 2013 7:11am Feb 14, 2013 7:11am
Quoting Sinyk
She's on the move. I'm predicting a move south down to around 1.0200 for the following reasons;

1. Bounced back off same 38.2% fib line that gave support between 30 Jan / 05 Feb.
2. Broke south of triangle pattern that's been forming since 13'th Feb (hard to see at this zoom level)
3. Bounced back off top of downward trend channel lines headed south.

I'm quite new so if one of you more experienced traders wants to pick my logic apart I'd really appreciate it.
I find your utl is abit off
Im drunk btw..
  • #27,608
  • Feb 14, 2013 7:29am Feb 14, 2013 7:29am
Quoting 2+2=4ex
Man, this thread has lost some of its pizazz. Let's go! Wake up everybody!!
Sad as it may be......All the Attention Deficit people and others have been watching the EJ more. Bear has a Cult Following now........lol
The More You Learn, The More You Earn.....
  • #27,609
  • Feb 14, 2013 8:03am Feb 14, 2013 8:03am
Quoting forexalien
Sad as it may be......All the Attention Deficit people and others have been watching the EJ more. Bear has a Cult Following now........lol
Lol and its called cutebeartology
  • #27,610
  • Feb 14, 2013 8:32am Feb 14, 2013 8:32am
Quoting 2+2=4ex
Man, this thread has lost some of its pizazz. Let's go! Wake up everybody!!
2+2, Papa Pizzaria opens 24/7/365. Lots of pizzas for you!
daddybearforex. com
  • #27,611
  • Feb 14, 2013 8:35am Feb 14, 2013 8:35am
Quoting forexalien
Sad as it may be......All the Attention Deficit people and others have been watching the EJ more. Bear has a Cult Following now........lol
What are you talking about?

http://www.forexfactory.com/attachme...1&d=1360809327
daddybearforex. com
  • #27,612
  • Feb 14, 2013 8:37am Feb 14, 2013 8:37am
Quoting HelloOz
Lol and its called cutebeartology
And you too...

http://assets.forexfactory.net/nfs/c...ar297304_1.gif
daddybearforex. com
  • #27,613
  • Feb 14, 2013 12:53pm Feb 14, 2013 12:53pm
Quoting DaddyBear
Welcome Sinyk. Nice analysis. -DB-

http://www.forexfactory.com/attachme...1&d=1360838632
The channel your drew was off to fit in your mindset. The real UTL is parallel to the LTL. The PA has broken the UTL already.
daddybearforex. com
  • #27,614
  • Feb 14, 2013 12:54pm Feb 14, 2013 12:54pm
Quoting DaddyBear
The channel your drew was off to fit in your mindset. The real UTL is parallel to the LTL. The PA has broken the UTL already.

http://www.forexfactory.com/attachme...1&d=1360838632
Also, make it simple. Less is more.....
daddybearforex. com
  • #27,615
  • Feb 14, 2013 12:58pm Feb 14, 2013 12:58pm
Quoting DaddyBear
The channel your drew was off to fit in your mindset. The real UTL is parallel to the LTL. The PA has broken the UTL already.
FYI, this is the channel I believe to be correct IMO.
Attached Image (click to enlarge)
Click to Enlarge Name: AUD-021413-H4.JPG Size: 88 KB
daddybearforex. com
  • #27,616
  • Feb 14, 2013 1:04pm Feb 14, 2013 1:04pm
Tomorrow is Day 1 of G20 Meetings. Markets could be volatile. Usually, Friday afternoon is quite most of the time. But, G20 may stir up human herd mentality in the markets.
daddybearforex. com
  • #27,617
  • Feb 14, 2013 1:09pm Feb 14, 2013 1:09pm
Quoting DaddyBear
FYI, this is the channel I believe to be correct IMO.
I understand your channel, but Sinyk is not the only one who is using this channel.


http://www.fxtimes.com/technical-updates/audusd-at-falling-channel-resistance/

http://www.fxtimes.com/wp-content/up...02142013h4.gif
The world you desire can be won. It exists.. it is real.. it is possible..
  • #27,618
  • Feb 14, 2013 1:20pm Feb 14, 2013 1:20pm
Quoting Mr. Scott
I understand your channel, but Sinyk is not the only one who is using this channel.


http://www.fxtimes.com/technical-updates/audusd-at-falling-channel-resistance/

http://www.fxtimes.com/wp-content/up...02142013h4.gif
Based on H4 ADX, I'd say this channel is incorrect. In fact, my previous assumption of a fall may not occur after looking at this channel again.
daddybearforex. com
  • #27,619
  • Edited 4:42pm Feb 14, 2013 4:24pm | Edited 4:42pm
Quoting DaddyBear
Based on H4 ADX, I'd say this channel is incorrect. In fact, my previous assumption of a fall may not occur after looking at this channel again.
Agree,
i am seeing move up from here..

M15 Chart,
http://fx2.it-finance.com/FXStreetFl...3e51cee0b1.png
  • #27,620
  • Feb 14, 2013 4:32pm Feb 14, 2013 4:32pm
Quoting HelloOz
im thinking of going long ..
crazy right?
D1 Chart,

http://fx2.it-finance.com/FXStreetFl...6a2d5dc06b.png
this was posted on 11Feb,
was too early back then to call for a move up..
and this is the updated chart

http://fx2.it-finance.com/FXStreetFl...ab3b1236b0.png
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