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Aussie Trading Room and Cartoons Gallery

  • #34,481
  • Edited 8:25pm Oct 16, 2014 7:47pm | Edited 8:25pm
AU Sold @ 0.8777

EDIT: Exited +20 pips
  • #34,482
  • Oct 16, 2014 8:25pm Oct 16, 2014 8:25pm
Quoting DaddyBear
if conservative, wait until all three DBX readings are aligned
DB

Is it sufficient for the 3 blue lines to be aligned or do you wait for the other color lines in all timeframes to change direction ?

cheers
Bill
Have a nice day
  • #34,483
  • Oct 16, 2014 8:44pm Oct 16, 2014 8:44pm
Quoting BlkR
AU Sold @ 0.8777 EDIT: Exited +20 pips
Pretty good entry. Which TF DBX did you use?
Why did you exit? AU H1 DBX is entering down trending now.
daddybearforex. com
  • #34,484
  • Edited 10:19pm Oct 16, 2014 8:51pm | Edited 10:19pm
Quoting billv
{quote} DB Is it sufficient for the 3 blue lines to be aligned or do you wait for the other color lines in all timeframes to change direction ? cheers Bill
Bill, firstly, I prefer to use H1 DBX and use H4 and M15 to help me make judgment.
Next, make sure yellow UDB , blue MDBi and GREEN Index all hook down.
If aggressive, other setups can be adopted.
There are rooms to discuss DBX setups. You will find it is a wonderful system.
daddybearforex. com
  • #34,485
  • Oct 16, 2014 9:02pm Oct 16, 2014 9:02pm
Quoting DaddyBear
{quote} Pretty good entry. Which TF DBX did you use? Why did you exit? AU H1 DBX is entering down trending now.

2nd Time ive done this, I entered using M15 TF and exited due to price reaching H1 TL.... ah well... learn again
  • #34,486
  • Oct 16, 2014 9:04pm Oct 16, 2014 9:04pm
Quoting billv
{quote} DB Is it sufficient for the 3 blue lines to be aligned or do you wait for the other color lines in all timeframes to change direction ? cheers Bill
Bill, in order to wait for all 3 blue lines to align, it may be too late.
The way I mentioned above can be applied to most cases.
daddybearforex. com
  • #34,487
  • Oct 16, 2014 9:06pm Oct 16, 2014 9:06pm
Quoting BlkR
{quote} 2nd Time ive done this, I entered using M15 TF and exited due to price reaching H1 TL.... ah well... learn again
Take it easy. Use H1 DBX to guide your decision-making and use M15 DBX to time the entries.
daddybearforex. com
  • #34,488
  • Oct 16, 2014 9:12pm Oct 16, 2014 9:12pm
Current H4 consolidation pattern is depicted below.
This is not conclusive at this point.
Attached Image (click to enlarge)
Click to Enlarge Name: 101714-H4-AU.PNG Size: 195 KB
daddybearforex. com
  • #34,489
  • Oct 16, 2014 11:05pm Oct 16, 2014 11:05pm
Quoting BlkR
AU Sold @ 0.8777 EDIT: Exited +20 pips
None went broke by taking profit
Have a nice day
  • #34,490
  • Oct 16, 2014 11:07pm Oct 16, 2014 11:07pm
EJ, UJ and EU have the same H4 DBX pattern now.
One of them is going to drop.
daddybearforex. com
  • #34,491
  • Oct 16, 2014 11:10pm Oct 16, 2014 11:10pm
Quoting billv
{quote} None went broke by taking profit
Agree. Nobody gets poorer because of taking profits too soon...
daddybearforex. com
  • #34,492
  • Oct 16, 2014 11:17pm Oct 16, 2014 11:17pm
All converging now
  • #34,493
  • Oct 16, 2014 11:19pm Oct 16, 2014 11:19pm
Quoting BlkR
All converging now
Yes. Decision time.
daddybearforex. com
  • #34,494
  • Oct 16, 2014 11:23pm Oct 16, 2014 11:23pm
Quoting DaddyBear
{quote} Yes. Decision time.
i got a feeling its gonna go up ...... other pairs seems to show , GBPUSD already trying to
  • #34,495
  • Oct 16, 2014 11:26pm Oct 16, 2014 11:26pm
Quoting BlkR
{quote} i got a feeling its gonna go up ...... other pairs seems to show , GBPUSD already trying to
You cloud be right.
daddybearforex. com
  • #34,496
  • Oct 16, 2014 11:29pm Oct 16, 2014 11:29pm
AU H4 blue DBX Index implies a surge is next....
Attached Image
daddybearforex. com
  • #34,497
  • Oct 16, 2014 11:38pm Oct 16, 2014 11:38pm
Quoting DaddyBear
AU H4 blue DBX Index implies a surge is next.... {image}
The blue DBX Index looks like to be unwinding next.
PivW is holding up AU baby now....
daddybearforex. com
  • #34,498
  • Oct 16, 2014 11:43pm Oct 16, 2014 11:43pm
Quoting DaddyBear
AU H4 blue DBX Index implies a surge is next.... {image}
The reason why I think this way is mainly based on the formation of DBX Index.
The complete pattern is likely to be a zigzag. I am looking for the last leg of the zigzag.
daddybearforex. com
  • #34,499
  • Oct 16, 2014 11:46pm Oct 16, 2014 11:46pm
Quoting DaddyBear
{quote} The reason why I think this way is mainly based on the formation of DBX Index. The complete pattern is likely to be a zigzag. I am looking for the last leg of the zigzag.
sorry DB what you mean by zigzag , can you draw it up on the chart?
  • #34,500
  • Oct 16, 2014 11:47pm Oct 16, 2014 11:47pm
Quoting DaddyBear
EJ, UJ and EU have the same H4 DBX pattern now. One of them is going to drop.
Unfortunately, the loser is to be EU......
daddybearforex. com
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