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  • #29,881
  • May 16, 2013 4:24pm May 16, 2013 4:24pm
Quoting arcticwolf
{quote} Sorry typing error change long for short in message ,the brain thought one thing and the fingers did what they wanted :-)
well i have a capital enough to stand a 500 pip move from here ,, but the thing is i want to be sure that there is high possibility that this is a descending triangle pattern on weekly chart ,, and it can turn around that's why i asked for help from traders like you who have much more experience in this field then me ,,
  • #29,882
  • May 16, 2013 4:25pm May 16, 2013 4:25pm
This is my thoughts about realization....

Quoting DaddyBear
{quote} benir, I respect your view. Below is a diagram to show my thoughts. How did the first teacher learn? Nobody could teach him/her. The combination of direct observation and mind processing was the way to realize something. Yes, we all learn from others but realization is the way to get to the outside of box.


http://www.forexfactory.com/attachme...1&d=1368739268
daddybearforex. com
  • #29,883
  • May 16, 2013 4:52pm May 16, 2013 4:52pm
Good morning Australia and the rest of the world. Didnt move much overnight. So we expecting .975 today? I still go my
Longs open patiently waiting.
  • #29,884
  • May 16, 2013 4:56pm May 16, 2013 4:56pm
Quoting Arman_A
Good morning Australia and the rest of the world. Didnt move much overnight. So we expecting .975 today? I still go my Longs open patiently waiting.
How do you know we are expecting 0.975?
daddybearforex. com
  • #29,885
  • May 16, 2013 5:00pm May 16, 2013 5:00pm
I am only stabbing in the dark I guess but I would have thought .985 today
  • #29,886
  • May 16, 2013 6:00pm May 16, 2013 6:00pm
Quoting Tradersnest
{quote} closed 98170 = 20 pips.

nice trade, i took a similar short as well


a nap, wake up to TP hit, and long entry triggered


notice the higher low... but still divergence there as well
Attached Image (click to enlarge)
Click to Enlarge Name: aussielong1hour.png Size: 58 KB
Be hopeful in a winning position, and fearful in a losing position.
  • #29,887
  • May 16, 2013 6:03pm May 16, 2013 6:03pm
Quoting DaddyBear
{quote} How do you know we are expecting 0.975?
Its just speculation. I don't think it will drop another 1c today.
  • #29,888
  • May 16, 2013 6:21pm May 16, 2013 6:21pm
Quoting Arman_A
{quote} Its just speculation. I don't think it will drop another 1c today.

Today ends in 40 minutes

Daily open will be interesting for sure..

I think Yen pairs finally going down... Aussie finally up
Be hopeful in a winning position, and fearful in a losing position.
  • #29,889
  • May 16, 2013 6:38pm May 16, 2013 6:38pm
Quoting DaddyBear
A few people mentioned H4 and H1 were still down earlier this morning. This H4 chart indicates it has been up for 2 candles.... {image}
Up two candles , but still down..............make sense..........?
Attached Image
The More You Learn, The More You Earn.....
  • #29,890
  • May 16, 2013 6:45pm May 16, 2013 6:45pm
Quoting forexalien
{quote} Up two candles , but still down..............make sense..........? {image}
It is called retest of the low or double bottom....
daddybearforex. com
  • #29,891
  • May 16, 2013 6:50pm May 16, 2013 6:50pm
Quoting DaddyBear
{quote} It is called retest of the low or double bottom....
The aud is in no hurry to go back up......................
The More You Learn, The More You Earn.....
  • #29,892
  • May 16, 2013 6:52pm May 16, 2013 6:52pm
Quoting forexalien
{quote} The aud is in no hurry to go back up......................
Where is your short target? Thank you
  • #29,893
  • May 16, 2013 6:55pm May 16, 2013 6:55pm
Quoting hansetb
{quote} Where is your short target? Thank you
It will range at these levels for a while ,
the H1 will attempt to go up again, and when it fails, try shorting it there again.................

Targets change all the time for a discretionary trader............
The More You Learn, The More You Earn.....
  • #29,894
  • May 16, 2013 7:08pm May 16, 2013 7:08pm
Quoting DaddyBear
{quote} It is called retest of the low or double bottom....
DB, you have been saying (the better word is implying) all the way long every single bounce a reversal. definitely at some point it will reverse. but sometimes people need to accept that they were wrong. i am a bull on this pair and i am underwater (small size, still that does not matter) however i do not think the down trend is over yet. this strong fall will not give up easily. buyers are defending 0.98 hard this is the most strongest resistance so far, of course relatively (i would not even consider these bounces even a valid bounce, they are just desperate attempts of traders who are trying to catch the lows)
this is my honest opinion, and if you find this somehow offending, my apologies and please ignore this post.
As Above, So Below
  • #29,895
  • May 16, 2013 7:25pm May 16, 2013 7:25pm
Quoting forexalien
{quote} The aud is in no hurry to go back up......................
Whether or not she will go up in a hurry is unknown at this point but I do know she will go up......
Attached Image (click to enlarge)
Click to Enlarge Name: YING-YANG.JPG Size: 26 KB
daddybearforex. com
  • #29,896
  • May 16, 2013 7:40pm May 16, 2013 7:40pm
Quoting DaddyBear
{quote} Whether or not she will go up in a hurry is unknown at this point but I do know she will go up...... {image}
Of course, naturally it'll always climb.. carry trading..


But watch out if they have another cut... Wouldn't rule that out
Even the worst trade can close with profit. Just give it time.
  • #29,897
  • Edited May 17, 2013 1:07am May 16, 2013 7:49pm | Edited May 17, 2013 1:07am
Quoting tashkent
{quote} DB, you have been saying (the better word is implying) all the way long every single bounce a reversal. definitely at some point it will reverse. but sometimes people need to accept that they were wrong. i am a bull on this pair and i am underwater (small size, still that does not matter) however i do not think the down trend is over yet. this strong fall will not give up easily. buyers are defending 0.98 hard this is the most strongest resistance so far, of course relatively (i would not even consider these bounces even a valid bounce,...
I understand what you think. The fact is that I did not post much recently until two days ago. My bias is long but no target or time specified. I have posted multiple messages these two days. This does not mean I repeatedly promote the bottom is here.

I post what I see and what I think. Whether I am right or wrong is not my concern. In fact, nobody is wrong in the markets.
Attached Image (click to enlarge)
Click to Enlarge Name: DB'S LAW #1.JPG Size: 114 KB
daddybearforex. com
  • #29,898
  • May 16, 2013 7:56pm May 16, 2013 7:56pm
0.985 has become resistance?
doesnt look good for bulls and me..
  • #29,899
  • May 16, 2013 8:16pm May 16, 2013 8:16pm
Attempting to catch falling knife..

long from 9780


edit: failing pretty hard so far..


this move is absolutely crazy! seems like it has to be the final down move for the week...
Be hopeful in a winning position, and fearful in a losing position.
  • #29,900
  • May 16, 2013 8:17pm May 16, 2013 8:17pm
WOW, this is impressive and so exciting! 0.96 probably can offer some kind of resistance ( this means so far there was zero resistance, i am not questioning it will reach 0.96 very soon)
As Above, So Below
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