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    • DaddyBear replied Jun 25, 2012

      Eric, Aussie has bounced back from 1.0030 zone three times already (M5 Chart). Triple tops, triangles or wedge, you name it. Historically, 1.0030 has been a very staunch zone. Let's see how 1.0030 zone performs this time. In the meantime, from my ...

      AUD/USD
    • DaddyBear replied Jun 25, 2012

      Eric, Thanks for your greeting. I will look into those two books when I have a chance. I notice one blue horizontal line (1.0030) on your chart. Isn't that a resistance? Seems to me, you see 1.0070 a more important resistance. Could you share your ...

      AUD/USD
    • DaddyBear replied Jun 25, 2012

      PS, Aussie has 5/24 parties for all of us every week. Sometimes she is energetic but sometimes isn't. I like to sit as close to her as possible. This way I can have nice small talks and happy drinks or even some tango with her. Aussie is not a ...

      AUD/USD
    • DaddyBear replied Jun 25, 2012

      Using a larger scale Fibonacci reversed "retracement", 61.80% is 0.99498. This is very close to 0.99497, which is the average of 0.9953 and 0.99463. This price mark may serve as the landing pad of the falling bull.

      AUD/USD
    • DaddyBear replied Jun 25, 2012

      I have a big picture as to how far Aussie will drop. The retracement already completed last Wednesday. The current move is not a retracement but a part of the main trend.

      AUD/USD