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  • #34,341
  • Oct 14, 2014 10:54am Oct 14, 2014 10:54am
UJ H4 DBX shows a divergence occurred one bar ago.

http://www.forexfactory.com/attachme...1&d=1413298128
daddybearforex. com
  • #34,342
  • Oct 14, 2014 11:00am Oct 14, 2014 11:00am
Quoting HelloOz
{quote} Rising channel in down trend a.k.a. retracement if this break lower line.. retest of low should be next..

http://www.forexfactory.com/attachme...1&d=1413281054
Regarding your chart, my view is below.
Attached Image (click to enlarge)
Click to Enlarge Name: 101414-M15-AU.PNG Size: 153 KB
daddybearforex. com
  • #34,343
  • Oct 14, 2014 11:03am Oct 14, 2014 11:03am
Quoting DaddyBear
{quote} Regarding your chart, my view is below. {image}
This can be verified by AU Daily DBX below.

http://www.forexfactory.com/attachme...1&d=1413300555
daddybearforex. com
  • #34,344
  • Oct 14, 2014 11:05am Oct 14, 2014 11:05am
Quoting DaddyBear
{quote} Regarding your chart, my view is below. {image}
This is going to be a complicated consolidation. Yes AU will retest the low but may not be this time until red point c is in place.
daddybearforex. com
  • #34,345
  • Oct 14, 2014 11:07am Oct 14, 2014 11:07am
Quoting DaddyBear
{quote} This is going to be a complicated consolidation. Yes AU will retest the low but may not be this time until red point c is in place.
In other words, this could be the beginning of the consolidation phase.
daddybearforex. com
  • #34,346
  • Oct 14, 2014 11:10am Oct 14, 2014 11:10am
Quoting DaddyBear
{quote} Regarding your chart, my view is below. {image}
For a M15 chart, the analysis should include a wider range to get a fair assessment.
Attached Image (click to enlarge)
Click to Enlarge Name: 101414-M15-AU.PNG Size: 169 KB
daddybearforex. com
  • #34,347
  • Oct 14, 2014 11:23am Oct 14, 2014 11:23am
Current AU H1 DBX shows a setup of DBX Index TL Breakout.
The TL is shown in red dotted line.
Attached Image (click to enlarge)
Click to Enlarge Name: 101414-H1-AU-2.PNG Size: 33 KB
daddybearforex. com
  • #34,348
  • Oct 14, 2014 11:27am Oct 14, 2014 11:27am
Quoting DaddyBear
Current AU H1 DBX shows a setup of DBX Index TL Breakout. The TL is shown in red dotted line. {image}
Notice that MDBi was crossing over MDB.
daddybearforex. com
  • #34,349
  • Oct 14, 2014 11:44am Oct 14, 2014 11:44am
Currently AU has been moving in a super tight range for 3 hours.
daddybearforex. com
  • #34,350
  • Oct 14, 2014 7:49pm Oct 14, 2014 7:49pm
OK back for a new round of trading
  • #34,351
  • Oct 14, 2014 7:56pm Oct 14, 2014 7:56pm
Quoting DaddyBear
{quote} For a M15 chart, the analysis should include a wider range to get a fair assessment. {image}
110 pips underwater..

no exit strategy?
  • #34,352
  • Oct 14, 2014 8:00pm Oct 14, 2014 8:00pm
Quoting HelloOz
{quote} 110 pips underwater.. no exit strategy?
DB trading method is interesting, if following DBX system he recommends a SL to be set and yet he doesnt himself... is he looking at longterm ?

EDIT: If i was here to look at the charts a few hours back i would of sold it

EDIT2: I see potential entry for EU ..
  • #34,353
  • Oct 14, 2014 8:14pm Oct 14, 2014 8:14pm
Quoting BlkR
{quote} DB trading method is interesting, if following DBX system he recommends a SL to be set and yet he doesnt himself... is he looking at longterm ? EDIT: If i was here to look at the charts a few hours back i would of sold it
i believe his trade is based on H4 and daily chart,
which means the range will be wider.. more drawndown / profits..
so i would assume his SL would be around .8640 or 20pips below previous low.. which would invalidate his bull trend.

if this is a reversal/rebound, i would expect price to reverse from this point, 0.86850
  • #34,354
  • Edited 8:53pm Oct 14, 2014 8:22pm | Edited 8:53pm
Quoting HelloOz
{quote} i believe his trade is based on H4 and daily chart, which means the range will be wider.. more drawndown / profits.. so i would assume his SL would be around .8640 or 20pips below previous low.. which would invalidate his bull trend. if this is a reversal/rebound, i would expect price to reverse from this point, 0.86850

You just might get it

[email protected]
  • #34,355
  • Edited 10:54pm Oct 14, 2014 10:43pm | Edited 10:54pm
AU H1 DBX gives a clear guidance of the long and the sort entries.
It would be incredible if this system cannot help newbies trade better.
Attached Image (click to enlarge)
Click to Enlarge Name: 011414-H1-AU.PNG Size: 44 KB
daddybearforex. com
  • #34,356
  • Oct 14, 2014 10:46pm Oct 14, 2014 10:46pm
Quoting HelloOz
{quote} 110 pips underwater.. no exit strategy?
Koala, thanks for your concern about my trading.
Even if I really kept the positions until now, I have no fear.
Hope my answer satisfies your curiosity.
daddybearforex. com
  • #34,357
  • Oct 14, 2014 10:49pm Oct 14, 2014 10:49pm
Quoting BlkR
{quote} DB trading method is interesting, if following DBX system he recommends a SL to be set and yet he doesnt himself... is he looking at longterm ? EDIT: If i was here to look at the charts a few hours back i would of sold it EDIT2: I see potential entry for EU ..
Neither long term nor short term but somewhere in between...
daddybearforex. com
  • #34,358
  • Oct 14, 2014 10:50pm Oct 14, 2014 10:50pm
Quoting HelloOz
{quote} i believe his trade is based on H4 and daily chart, which means the range will be wider.. more drawndown / profits.. so i would assume his SL would be around .8640 or 20pips below previous low.. which would invalidate his bull trend. if this is a reversal/rebound, i would expect price to reverse from this point, 0.86850
In fact I look at the chart the other way......
daddybearforex. com
  • #34,359
  • Oct 14, 2014 10:51pm Oct 14, 2014 10:51pm
Quoting BlkR
{quote} You just might get it [email protected]
Nice entry. Did you get a signal from DBX? Which TF.
daddybearforex. com
  • #34,360
  • Oct 14, 2014 11:11pm Oct 14, 2014 11:11pm
Quoting DaddyBear
{quote} Nice entry. Did you get a signal from DBX? Which TF.

M15/M30 with the big spike, later confirm by the H1

EDIT: up 22 pips
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