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  • #28,961
  • Mar 21, 2013 6:52am Mar 21, 2013 6:52am
When trading the EJ, there are only a few seconds to make a decision because she is so choppy.
On the other hand, there re a few minutes to make a decision when trading the Aussie because seems to me nowadays she has become an old lady.

http://www.forexfactory.com/attachme...1&d=1363285890
daddybearforex. com
  • #28,962
  • Mar 21, 2013 6:52am Mar 21, 2013 6:52am
Quoting DaddyBear
Could you elaborate your insights a little bit more?
Sure thing DaddyBear. Tried to get a good count of previous move, never really could. If you did, would be interested to see?

So instead I see divergence and a good probability of a pb at prz at 61.8 retracement.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #28,963
  • Mar 21, 2013 7:01am Mar 21, 2013 7:01am
Quoting DaddyBear
A pullback is in the cards. Just shorted at 1.0432.
Hello DB. Like how many pips pullback from where you shorted do you think is in the cards?
Thanks.
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: na
  • #28,964
  • Edited 7:19am Mar 21, 2013 7:03am | Edited 7:19am
Quoting DaddyBear
I see a decent size of a pullback based on the EWP analysis.
Post chart please....this is regarding your short at 1.0432....

Did you delete your posts regarding this short?
The Market pays you to be disciplined
  • #28,965
  • Mar 21, 2013 7:20am Mar 21, 2013 7:20am
Quoting Mr. Scott
Sure thing DaddyBear. Tried to get a good count of previous move, never really could. If you did, would be interested to see?

So instead I see divergence and a good probability of a pb at prz at 61.8 retracement.
I have to go now. Will right be back.

http://www.forexfactory.com/attachme...1&d=1342024223
daddybearforex. com
  • #28,966
  • Mar 21, 2013 8:05am Mar 21, 2013 8:05am
Quoting Mr. Scott
Sure thing DaddyBear. Tried to get a good count of previous move, never really could. If you did, would be interested to see?

So instead I see divergence and a good probability of a pb at prz at 61.8 retracement.
The EWC/032113-H4
Attached Image (click to enlarge)
Click to Enlarge Name: 032113-H4.JPG Size: 44 KB
daddybearforex. com
  • #28,967
  • Mar 21, 2013 8:06am Mar 21, 2013 8:06am
Quoting surgeon
Hello DB. Like how many pips pullback from where you shorted do you think is in the cards?
Thanks.
Can't tell at this point. Please refer to Mr. Scott's message above.
daddybearforex. com
  • #28,968
  • Mar 21, 2013 8:13am Mar 21, 2013 8:13am
Quoting mima
Post chart please....this is regarding your short at 1.0432....

Did you delete your posts regarding this short?
Why would I delete my posts regarding this short? If my judgment was wrong, I'd admit it. Because of a few pips up than my entry then you think I would be scared? I entered at the end of wave 3 because sometimes wave 5 is truncated. For a good size pullback, a few pips off is not a big deal.

The chart of the EWC is below FYI.

http://www.forexfactory.com/attachme...1&d=1363878323
daddybearforex. com
  • #28,969
  • Mar 21, 2013 8:20am Mar 21, 2013 8:20am
Quoting DaddyBear
The rationale behind my move is below.

http://www.forexfactory.com/attachme...1&d=1363870068
This M15 chart is a follow-up of the chart above.
Attached Image (click to enlarge)
Click to Enlarge Name: 032113-M15-2.JPG Size: 92 KB
daddybearforex. com
  • #28,970
  • Mar 21, 2013 8:27am Mar 21, 2013 8:27am
Quoting DaddyBear
The EWC/032113-H4
Thank you sir. Nice job as usual. I agree with this and just a matter of where wave 5 ends, I meant the previous daily downward move.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #28,971
  • Mar 21, 2013 8:28am Mar 21, 2013 8:28am
Quoting DaddyBear
This M15 chart is a follow-up of the chart above.
Thank you for charts.
The Market pays you to be disciplined
  • #28,972
  • Mar 21, 2013 8:51am Mar 21, 2013 8:51am
Quoting DaddyBear
Can't tell at this point. Please refer to Mr. Scott's message above.
Mr Scott's chart shows the fib retracement for the previous downtrend of last month. Fib retracement levels for the current upswing is what will determine possible pullback levels, isn't it
Disclosure: I'm underwater with shorts way low.

Attached Image (click to enlarge)
Click to Enlarge Name: pic2.gif Size: 28 KB
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: na
  • #28,973
  • Mar 21, 2013 8:51am Mar 21, 2013 8:51am
I trade the Aussie today because the EJ is so choppy. The chance of getting killed is very high. This POS moves like a turtle now and in turn safer to trade it.
daddybearforex. com
  • #28,974
  • Mar 21, 2013 8:54am Mar 21, 2013 8:54am
Quoting DaddyBear
I trade the Aussie today because the EJ is so choppy. The chance of getting killed is very high. This POS moves like a turtle now and in turn safer to trade it.
I agree on that one my friend. EUR is a mess. So back here today and I liked what I saw on the chart. We will see.
The world you desire can be won. It exists.. it is real.. it is possible..
  • #28,975
  • Mar 21, 2013 8:56am Mar 21, 2013 8:56am
Quoting surgeon
Mr Scott's chart shows the fib retracement for the previous downtrend of last month. Fib retracement levels for the current upswing is what will determine possible pullback levels, isn't it
Disclosure: I'm underwater with shorts way low.

Attachment
I agree with you. The reference points of Fib should be current upswing. We are talking about the retracement of this upswing.

As to your short, in case it's very low, either you can average it up or get out when it is turning back up with minimum loss.
daddybearforex. com
  • #28,976
  • Mar 21, 2013 9:02am Mar 21, 2013 9:02am
Quoting Mr. Scott
I agree on that one my friend. EUR is a mess. So back here today and I liked what I saw on the chart. We will see.
You know I am not a fortune teller so that I couldn't nail down the very top. My instinct tells me that even if it is not the top, it won't be too far away. The worst situation is a DD of 50 or 100 pips but it will come back down sooner than later.

My logic is it has run up about 330 pips since 3/4/13. While this number is peanut to the EJ, it is significant to the Aussie. So, I'd say a time for the rise and a time for the descending.
daddybearforex. com
  • #28,977
  • Mar 21, 2013 9:06am Mar 21, 2013 9:06am
Exactly why my need to be mindful of how low her retracement can go - Thanks.

Quoting DaddyBear
As to your short, in case it's very low, either you can average it up or get out when it is turning back up with minimum loss.
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: na
  • #28,978
  • Mar 21, 2013 9:07am Mar 21, 2013 9:07am
Quoting surgeon
Mr Scott's chart shows the fib retracement for the previous downtrend of last month. Fib retracement levels for the current upswing is what will determine possible pullback levels, isn't it
Disclosure: I'm underwater with shorts way low.

Attachment
Now, let me answer your earlier question about the extent of this pending pullback. It's a common sense that 61.80% is plausible but not 100% sure. If you can bring your short above this level, your chance of getting out intact is likely.
daddybearforex. com
  • #28,979
  • Mar 21, 2013 9:12am Mar 21, 2013 9:12am
Quoting Mr. Scott
I agree on that one my friend. EUR is a mess. So back here today and I liked what I saw on the chart. We will see.
It's very tough to trade the EJ this morning due to so many events. The whipsaw actions is a sure shot to kill both sides in seconds.
Attached Image (click to enlarge)
Click to Enlarge Name: THE EJ LADY-2.JPG Size: 86 KB
daddybearforex. com
  • #28,980
  • Mar 21, 2013 9:14am Mar 21, 2013 9:14am
Quoting DaddyBear
Now, let me answer your earlier question about the extent of this pending pullback. It's a common sense that 61.80% is plausible but not 100% sure. If you can bring your short above this level, your chance of getting out intact is likely.
I'm glued to my seat. Interestingly the earlier pullback Mr Scott's chart depicts did a 100% retracement but I reckon this was aided by the sell0ff on the fear of an Aussie rate-cut in particular.
I see Beasts. I drop my scalpel and beckon to theatre nurse: "Charts!&
RubiconFund Return Today: na
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