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  • #30,101
  • May 19, 2013 9:56am May 19, 2013 9:56am
XE rate: 0.97415 up from 0.97355
daddybearforex. com
  • #30,102
  • May 19, 2013 10:05am May 19, 2013 10:05am
The Aussie Dollar Is Only Taking a Breather: Chartist

There is room for a knee-jerk reaction when the Australian budget is released later Tuesday but that should be taken within the context of the established retreat behavior. It's a volatility trade like the fall from $1.05 to $0.96 in May 2012. Traders should be prepared for the same type of short covering that occurred in 2012 with the rebound from $0.96. Good trading opportunities exist between $0.94 and $1.10 with the midpoint consolidation near $1.02. These are traded as rally and retreat opportunities rather than trend changes. The high and relatively high Aussie will remain a feature of the Australian economic landscape whilst interest rates remain above those in comparable economies.

http://www.cnbc.com/id/23103686
daddybearforex. com
  • #30,103
  • May 19, 2013 10:12am May 19, 2013 10:12am
S&P FUT down 2.07
DOW FUT down 12.40
daddybearforex. com
  • #30,104
  • May 19, 2013 10:45am May 19, 2013 10:45am
.
Attached Image (click to enlarge)
Click to Enlarge Name: 417859_10151490455894475_202598799_n.jpg Size: 67 KB
  • #30,105
  • May 19, 2013 10:58am May 19, 2013 10:58am
Quoting namitak007
. {image}
What does this mean?
daddybearforex. com
  • #30,106
  • May 19, 2013 11:01am May 19, 2013 11:01am
US Job Market Gains Could Lead Fed to Taper QE3 Early

http://www.cnbc.com/id/100748943
daddybearforex. com
  • #30,107
  • May 19, 2013 2:31pm May 19, 2013 2:31pm
Quoting DaddyBear
{quote} When the desert reaches its maximum, it's the beginning of a new green Oasis.... Your red arrow is unlikely based on my long term observation of DB's HGS....
The red arrow only outlined the tan desert that was hidden in the yellow highlighter you used is all........to make it more visible..........
The More You Learn, The More You Earn.....
  • #30,108
  • May 19, 2013 2:34pm May 19, 2013 2:34pm
Quoting DaddyBear
{quote} If your EWC was correct, current wave would be wave 3 not 2. Everything has an end. It cannot be endless.
Awwww yes, wave 1 is impulse, wave 2 is retracement, wave 3 is the money impulse wave.............Partzhimers is setting in after 3054 years.............
The More You Learn, The More You Earn.....
  • #30,109
  • May 19, 2013 2:35pm May 19, 2013 2:35pm
Quoting DaddyBear
Updated EWC {image}
awwwwwwwwww supre retraement une place........cee......
The More You Learn, The More You Earn.....
  • #30,110
  • May 19, 2013 9:53pm May 19, 2013 9:53pm
Quoting namitak007
And this is quick of AUD. It will follow the down trend for next week too. My 1st target of .98 was not touched . Currently my long is in just 4 pips red. I changed my tp to .977 now! I know it will be hard for you to understand without any markings but I guess you have seen this on your charts so it will be easy for you to understand what I mean to say! {image}
Target hit. Closed long. Now waiting for re entry.
  • #30,111
  • May 19, 2013 9:58pm May 19, 2013 9:58pm
Quoting forexalien
{quote} awwwwwwwwww supre retraement une place........cee......
watching and waiting for the next higher TF for failure, then maybe 1 more push down before the bounce?

Divergence on h4, so i m not sure if it would push for a new low tonight.
  • #30,112
  • May 19, 2013 10:09pm May 19, 2013 10:09pm
Quoting phil_hamo
2 Fib levels seem to meet around .97 and .971 so Im looking there for a bounce
Pretty happy with that first bounce @ .971
  • #30,113
  • May 19, 2013 10:23pm May 19, 2013 10:23pm
Quoting ChairmanZhen
{quote} watching and waiting for the next higher TF for failure, then maybe 1 more push down before the bounce? Divergence on h4, so i m not sure if it would push for a new low tonight.
Yes....Just keep an eye on the H1 for a failure again as the H4 is still short..............
The More You Learn, The More You Earn.....
  • #30,114
  • May 19, 2013 10:25pm May 19, 2013 10:25pm
Quoting ChairmanZhen
{quote} watching and waiting for the next higher TF for failure, then maybe 1 more push down before the bounce? Divergence on h4, so i m not sure if it would push for a new low tonight.
I don't see a new low tonight , but the M15 is nearing a pull back by London (down) short term..............
The More You Learn, The More You Earn.....
  • #30,115
  • May 19, 2013 10:42pm May 19, 2013 10:42pm
Quoting forexalien
{quote} Yes....Just keep an eye on the H1 for a failure again as the H4 is still short..............
H4 has turned to long since Friday.
daddybearforex. com
  • #30,116
  • May 19, 2013 10:45pm May 19, 2013 10:45pm
So far so right....

Quoting DaddyBear
When looking into the "invisible" elements in the charts [to others], I see a H1 wedge formed Friday. More importantly, AU has broken the bullish wedge. http://www.forexfactory.com/attachme...1&d=1368895932
daddybearforex. com
  • #30,117
  • May 19, 2013 10:50pm May 19, 2013 10:50pm
While I was away, the Bull made it. The Bull Hole is a one way valve. Once it closed, it cannot be opened again.

Quoting DaddyBear
Now, it is getting clear to me why a drop at the end of Friday occurred. The Bull needed the second front leg to escape the trap through the hole made of Ichimoku cloud.

http://www.forexfactory.com/attachme...1&d=1368899855
daddybearforex. com
  • #30,118
  • May 19, 2013 10:54pm May 19, 2013 10:54pm
I am thinking of shorting at .979 BB is looking to dive again and RSI too at 60% so I will take a chance. short .979 tp .974
  • #30,119
  • May 19, 2013 10:58pm May 19, 2013 10:58pm
"Every battle is won before it is fought....."
-Sun Tzu, The Art of War

Someone mentioned H1 was still short on Friday but DB's "patternology" indicated otherwise.....

Quoting DaddyBear
When comparing recent patterns of H1 lows, it's clear that the last one is a different type.
http://www.forexfactory.com/attachme...1&d=1368894569
daddybearforex. com
  • #30,120
  • May 19, 2013 11:01pm May 19, 2013 11:01pm
Hi DB...

I have short 978.. 977 area..

I want the bull to grow another leg..
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