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  • #29,561
  • May 11, 2013 1:19pm May 11, 2013 1:19pm
Quoting forexalien
{quote} It may retest the bottom..................Your chart please for your thoughts.....................? {image}
My thoughts......
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daddybearforex. com
  • #29,562
  • May 11, 2013 2:29pm May 11, 2013 2:29pm
Quoting DaddyBear
{quote} My thoughts...... {image}
1.0155 area for a pullback, yes sir bear..............
The More You Learn, The More You Earn.....
  • #29,563
  • May 11, 2013 4:46pm May 11, 2013 4:46pm
Quoting forexalien
{quote} 1.0155 area for a pullback, yes sir bear..............
No, you misunderstood my thoughts. It will be the maximum retracement. It may be lower.
daddybearforex. com
  • #29,564
  • May 11, 2013 5:09pm May 11, 2013 5:09pm
Quoting forexalien
{quote} 1.0155 area for a pullback, yes sir bear..............
This is what my chart shows for a pullback before going lower..........
The More You Learn, The More You Earn.....
  • #29,565
  • May 11, 2013 5:10pm May 11, 2013 5:10pm
Quoting DaddyBear
{quote} No, you misunderstood my thoughts. It will be the maximum retracement. It may be lower.
This is what my chart shows for a pullback before going lower..........
The More You Learn, The More You Earn.....
  • #29,566
  • May 11, 2013 5:21pm May 11, 2013 5:21pm
Quoting forexalien
{quote} This is what my chart shows for a pullback before going lower..........
It may not reach there...
daddybearforex. com
  • #29,567
  • May 11, 2013 11:24pm May 11, 2013 11:24pm
Just a warning to all who come across these 2 screen names, he is the same guy and is quite rude>>>>>>>>>>

OK CP with 2 screen names and who is rude to everyone..............

CrucialPoint's Brain Teaser to Fortunes < CP is also Xhale sneaking around being rude to most in FF, beware............
The More You Learn, The More You Earn.....
  • #29,568
  • May 12, 2013 12:21am May 12, 2013 12:21am
Well it's really sharp drop. I don't think if RBA is happy to see AUD weakening so drastically. Below .98 will be a collapse and that can harm AUD a lot. I hope USD will stop their shit as it harmed all market. It's a manipulation which imo not a professional way. they did bloodbath for weak JPY and now killing some weaker links like CHF which is pathetic. If this continues, I see a worst scenario for AUD bulls to push the bears!
  • #29,569
  • May 12, 2013 12:54am May 12, 2013 12:54am
Quoting namitak007
Well it's really sharp drop. I don't think if RBA is happy to see AUD weakening so drastically. Below .98 will be a collapse and that can harm AUD a lot. I hope USD will stop their shit as it harmed all market. It's a manipulation which imo not a professional way. they did bloodbath for weak JPY and now killing some weaker links like CHF which is pathetic. If this continues, I see a worst scenario for AUD bulls to push the bears!
AUD is soft because of the cut in interest rate plus the government deficit
which btw was due to excessive government's spending and not due to reduced revenue as Swann is trying to tell us.
I don't know about manipulation, Big players are always rebalancing their portfolio, we just have detect the new norm and follow them.

Don't be concerned, Australia has a lot going for it.
The Australian people have never had it better than today,
the reduced interest rates will boost housing construction (with flow on affects in other industries) and with the change of gov. (in a few months)
things will get even better so I don't see a long term AUD weakness.
A lower AUD isn't necessarily a bad thing, with a bit of luck local tourism will pick up as well
Have a nice day
  • #29,570
  • May 12, 2013 10:19am May 12, 2013 10:19am
EWC update in weekly context.

The yellow circle indicates the ABCDE theory is invalid.
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daddybearforex. com
  • #29,571
  • May 12, 2013 10:21am May 12, 2013 10:21am
Quoting DaddyBear
EWC update in weekly context. The yellow circle indicates the ABCDE theory is invalid. {image}
What is next? I believe a huge surge is ahead.
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daddybearforex. com
  • #29,572
  • May 12, 2013 10:23am May 12, 2013 10:23am
In fact, the surge is more likely following the blue arrow......
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daddybearforex. com
  • #29,573
  • May 12, 2013 10:45am May 12, 2013 10:45am
Hi DB, how's the going

Just wondering, why do you think a "huge surge" is ahead...

Is it a wave pattern, triangle breakout, gut feeling... or perhaps a combination of all these factors?

Cheers,
JB
  • #29,574
  • May 12, 2013 11:11am May 12, 2013 11:11am
Quoting JollyBean
Hi DB, how's the going Just wondering, why do you think a "huge surge" is ahead... Is it a wave pattern, triangle breakout, gut feeling... or perhaps a combination of all these factors? Cheers, JB
It's the chart reading including both visible and invisible elements.
daddybearforex. com
  • #29,575
  • May 12, 2013 11:56am May 12, 2013 11:56am
Quoting DaddyBear
In fact, the surge is more likely following the blue arrow...... {image}
I agree
Good luck and may the odds be ever in your favor!
  • #29,576
  • May 12, 2013 1:15pm May 12, 2013 1:15pm
Quoting dbutton1990
{quote} I agree
David, could you post your chart?
daddybearforex. com
  • #29,577
  • May 12, 2013 4:40pm May 12, 2013 4:40pm
Quoting DaddyBear
In fact, the surge is more likely following the blue arrow...... {image}
Relatively likely.

Had a scare with the rate cut,

but reality is the AUD is the highest yielding currency to date.

Naturally rises from demand.

Bit of news this week could sent it into 99, but with that aside, bullish breakout definately cannot be ruled out.
Even the worst trade can close with profit. Just give it time.
  • #29,578
  • May 12, 2013 5:20pm May 12, 2013 5:20pm
Quoting DaddyBear
{quote} What is next? I believe a huge surge is ahead. {image}
this is what i have in my mind. i am already in, just checking the water and also closely watching gbpaud
As Above, So Below
  • #29,579
  • May 12, 2013 5:50pm May 12, 2013 5:50pm
Quoting tashkent
{quote} this is what i have in my mind. i am already in, just checking the water and also closely watching gbpaud
I think one more drop is likely.
daddybearforex. com
  • #29,580
  • May 12, 2013 5:52pm May 12, 2013 5:52pm
Comparing with the EJ, The Aussie is more manageable.
daddybearforex. com
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