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DaddyBear replied Jul 18, 2012The market was dead for about 30 minutes then it started to move. I was not sure if it was the top but it must be something. BTW, I may have to stop posting cartoons from now on because a hater made a complaint to FF last night.
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DaddyBear replied Jul 18, 2012FIB 61.8% was reached. Based on this data, you may be able to find the answer yourself. When looking at daily chart, I believe this pattern is incomplete. To me, current PA could be a retracement not a reversal. -IMHO-
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DaddyBear replied Jul 18, 2012I use M1 to daily charts. On June 12, I identified bullish pattern. However, sometimes I shorted the Aussie.
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DaddyBear replied Jul 17, 2012DH = Daily High p.s. you need an auto-flush toilet. Ask Daytrader74 see if he carries one.
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DaddyBear replied Jul 17, 2012Good morning FXM, My email was sent from your personal section. You may find instructions in that email.
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DaddyBear replied Jul 17, 2012My definition of TT is based on EWP. Bear in mind, TT is not always the highest point; so another firework may happen. Move your SL below BE if needed. TT usually will not last more than one session. Sometimes TT = DH. -Papa-
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DaddyBear replied Jul 17, 2012Seems to me, perma-bears did not show up tonight. I believe their inputs working like counterweight are important to bulls. Any one here?
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DaddyBear replied Jul 17, 2012It depends on the period of ADX you use. Bear in mind, ADX is a tough indicator to use. Have you ever seen the discussions of ADX in this forum? ADX is directionless. Your use of TL is helpful. Most time I see it as the energy level of the market. ...
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DaddyBear replied Jul 17, 2012The Aussie will drop from this point. But, the scenario of the upcoming episodes is not what the bears have been thinking. If the bears still see half of the picture now, they shall be able to see the other half in the very near future. -IMHO- Note: ...
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DaddyBear replied Jul 17, 2012I assume I understand your question. A small TF is the blow-up of a larger TF. They represent same thing with different scales.
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DaddyBear replied Jul 17, 2012The directions of winds may change at any given moment but the underlying power causing these changes always rotates around its 23.439 degree axis tilt counterclockwise. That power is the one I would tap. -IMHO-
AUD/USD