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Aussie Trading Room and Cartoons Gallery

  • #34,901
  • Oct 29, 2014 10:13am Oct 29, 2014 10:13am
DBX Users:
Watch AU H1 DBX.
daddybearforex. com
  • #34,902
  • Oct 29, 2014 11:02am Oct 29, 2014 11:02am
DBX Users:
Watch UJ H1 DBX.
daddybearforex. com
  • #34,903
  • Oct 29, 2014 11:22am Oct 29, 2014 11:22am
Every major pair is positioned to move on the FOMC Statement at 1400 EST.
daddybearforex. com
  • #34,904
  • Oct 29, 2014 11:29am Oct 29, 2014 11:29am
Quoting BlkR
{quote} Based on this, and Daily chart I would continue to buy the dips...
There was no dip but you were right.
My TE AU trades show that when not following the rules of engagement of DBX, the trades would hit bumps.
I am not very patient even though I knew all the rules. This is a bad habit. However, AU has run its course IMO.
daddybearforex. com
  • #34,905
  • Oct 29, 2014 11:38am Oct 29, 2014 11:38am
What can we expect from the FOMC statement?
The big impact shall be upon the USD then spreads (http://www.forexfactory.com/brokers.php#spreads) to other major currencies.
Conventional wisdom is leaning toward having positive impact on the USD but it's hard to read the market reaction at this point. However, the charts may foretell the story ahead.
For example, UJ Daily is pretty clear about this issue but do you have the guts to get in now?
daddybearforex. com
  • #34,906
  • Oct 29, 2014 11:40am Oct 29, 2014 11:40am
Another example, AU has run its course IMO, but do you have the guts to get in now?
daddybearforex. com
  • #34,907
  • Oct 29, 2014 12:14pm Oct 29, 2014 12:14pm
ATTENTION:
TE trades are for the purpose of DBX demonstration.
Please do not copy the trades without looking at DBX to make fair evaluations.
daddybearforex. com
  • #34,908
  • Oct 29, 2014 1:23pm Oct 29, 2014 1:23pm
AU H1 DBX has formed a super divergence pattern.
No long but wait for the peak to short.
Attached Image
daddybearforex. com
  • #34,909
  • Oct 29, 2014 1:28pm Oct 29, 2014 1:28pm
Quoting DaddyBear
{quote} This is beyond DBX. When looking at UJ H4, my instinct told me to exit both UJ and EJ. I think I made a right decision. Edit: UJ H4 DBX has formed a convergence pattern. H4 GDI was still above MDB and 3 Doji candles lined up horizontally. When reading this combo, my instinct told me to exit UJ. This combo is a continuation pattern 9 out of 10 times. EJ may follow suit so closed all.
This projection was correct!
daddybearforex. com
  • #34,910
  • Oct 29, 2014 1:32pm Oct 29, 2014 1:32pm
AU has formed a Three of A Kind DBX pattern.

http://upload.wikimedia.org/wikipedi...club_Q.svg.pnghttp://upload.wikimedia.org/wikipedi...club_Q.svg.pnghttp://upload.wikimedia.org/wikipedi...club_Q.svg.png
daddybearforex. com
  • #34,911
  • Oct 29, 2014 1:42pm Oct 29, 2014 1:42pm
DBX is a license leasing program. The leasing fee is $69 per year. It's equivalent to $0.20 per day. A two-week free trial is available to new users. Email your request along with a MT4 demo account number to ([email protected]).
daddybearforex. com
  • #34,912
  • Oct 29, 2014 4:13pm Oct 29, 2014 4:13pm
Quoting DaddyBear
{quote} This is beyond DBX. When looking at UJ H4, my instinct told me to exit both UJ and EJ. I think I made a right decision. Edit: UJ H4 DBX has formed a convergence pattern. H4 GDI was still above MDB and 3 Doji candles lined up horizontally. When reading this combo, my instinct told me to exit UJ. This combo is a continuation pattern 9 out of 10 times. EJ may follow suit so closed all.
This is the reason why I believe the PRESET Theory.
When the pattern within the yellow circle appeared, next move was to be a huge surge.
The Fed statement was the catalyst of this surge which was set in stone longtime ago.

http://www.forexfactory.com/attachme...1&d=1414617459
daddybearforex. com
  • #34,913
  • Oct 29, 2014 4:23pm Oct 29, 2014 4:23pm
Surprisingly hawkish Fed sends markets reeling
-CNBC
This will make the USD the superman in the Forex Land.
daddybearforex. com
  • #34,914
  • Oct 29, 2014 4:53pm Oct 29, 2014 4:53pm
Quoting DaddyBear
This will make the USD the superman in the Forex Land.
DB
I don't buy it
The US economy recovered a little because it could export to the rest of the world.
The FED doesn't want a strong currency.
Also, a large % of company profits comes from operations overseas.
Company profits will suffer when they convert them into a strong USD.
I'm not a perma bear on the USD but I have my reservations as to how high it can go
Bill
Have a nice day
  • #34,915
  • Oct 29, 2014 4:54pm Oct 29, 2014 4:54pm
Also, the EWP shed light upon this chart to foretell the coming impulsive pattern.
In this regard, DBX acts as a wave counter.

http://www.forexfactory.com/attachme...1&d=1414619602
daddybearforex. com
  • #34,916
  • Oct 29, 2014 5:05pm Oct 29, 2014 5:05pm
AU H4 also had a wave count prior to the breakdown.
Attached Image (click to enlarge)
Click to Enlarge Name: 102914-H4 AU-EW.PNG Size: 40 KB
daddybearforex. com
  • #34,917
  • Oct 29, 2014 5:30pm Oct 29, 2014 5:30pm
Quoting DaddyBear
Part II of the game is about to begin.... {image}
And now....let's welcome Mr. UJ Bull....

http://www.forexfactory.com/attachme...1&d=1414611396
daddybearforex. com
  • #34,918
  • Oct 29, 2014 5:31pm Oct 29, 2014 5:31pm
ATTENTION:
TE trades are for the purpose of DBX demonstration.
Please do not copy the trades without looking at DBX to make fair evaluations.
It could be very risky to your account when copying without DBX guidance.
daddybearforex. com
  • #34,919
  • Edited 7:18pm Oct 29, 2014 5:37pm | Edited 7:18pm
Quoting billv
{quote} DB I don't buy it The US economy recovered a little because it could export to the rest of the world. The FED doesn't want a strong currency. Also, a large % of company profits comes from operations overseas. Company profits will suffer when they convert them into a strong USD. I'm not a perma bear on the USD but I have my reservations as to how high it can go Bill
Bill, there is no patriotism when trading the FX.
A stronger USD is next big trend we shall see because the US is the first country coming out of the chasm of economy abyss.
daddybearforex. com
  • #34,920
  • Oct 29, 2014 7:42pm Oct 29, 2014 7:42pm
Cant believe AU was the right setup though through the early morning in the US session (3-4am here)..... unbelievable....
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