So, what is your take of Aussie's next move? Could you explain the trend of the S&P/ASX200? Thanks. -DB-

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From my chart reading, 1.0220 is more likely than 1.0360. First, a retracement of only 80 pips may be only for one wave's length. In other words, the pattern will be incomplete. Second, at 1.0220, the retracement would be 220 pips. From Proportion ...

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Nice to "see" you here. You are always welcome whether you are a bull, a bear or something in between. Thanks bro.

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The reason I value 1.0183 more than 1.0233 is based on the portion to the left of your chart.

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1.0233 could be point 1 and 1.0183 could be point 3. -IMHO-

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doblece, you are great because you are the first one who really read my mind. I saw the same thing like yours. Hope you don't mind that I borrowed your chart and added a little bit flavor to the current retracement with a tiny red pen.

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O.K. Here is my answer to your question.

Aussie Trading Room and Cartoons Gallery

personally, I don't give too much weight to fundies which may only reinforce the identified patterns. I trade Forex with EW principle and ADX.

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I am looking at two levels (not targets). FIB 61.8 = 1.0233 and FIB 76.4 = 1.0183. Seems to me, the later has more weight of historic importance than the former. -IMHO-

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My point was that when everybody looking down the USD, it's time to buy the USD. -IMHO-

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Possible. But, I mentioned it is a reversed reflection. So, it may have to be the other way around. -IMHO- p.s. your drawing is a reflection.

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Sorry, I should make it clear. The chart with the mirror was to reinforce first chart without mirror. I am not very sure about your criteria of 'the price will retrace significantly'. My point was that there is a retracement underway which may ...

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Do you mind posting your chart to help others understand your point? Thanks. -DB-

Aussie Trading Room and Cartoons Gallery

Furthermore, when placing an imaginary mirror between two blue patterns, one can see a reversed reflection at current level. I see this image with my mind not with my eyes. This vision may be denounced by some people in A/U thread but not here. We ...

Aussie Trading Room and Cartoons Gallery

Comparing with your cartoons, DB's cartoons are like lures and yours are like big fishes. May be I should borrow one haters' words. He denounced DB's cartoons as childish nonsense. After seeing your cartoons, I have to say he was "right on the ...

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Cannot believe my eyes! So wonderful!

Aussie Trading Room and Cartoons Gallery

Don't jump ship too soon. -IMHO-

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Aldente, very good point. However, I look at chart with pattern language. I add 4 circles to your chart. The same color represents the same patterns. I believe that the same red pattern may happen again at current level. -IMHO-

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WOW! This is a very G (gorgeous) cartoon! I would have to give a A++. Thank you for posting such a fun for everybody.

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When nobody seems keen on the USD, it's time to be careful of risk assets. -IMHO-

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