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DaddyBear replied Jun 21, 2012Don't overreach. Overreaching == No Fear == Greed I guess you understand image .
AUD/USD
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DaddyBear replied Jun 21, 2012I don't rely on R/S completely because sometimes they are misleading. When Aussie wanted to stop dropping she stopped. That is the way it is. One thing I noticed is that 1.0300 is within the previous Wave-2 zone.
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DaddyBear replied Jun 21, 2012Looks like the ball is bouncing beautifully according to the principles of physics.
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DaddyBear replied Jun 21, 2012Looks like the ball just touched down. Seems to me it was not broken.
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DaddyBear replied Jun 21, 2012Always trade with your own decision. Hindsight is always 20/20. The toughest part is seeing what is going to happen next beforehand. Whether or not Aussie is going to bounce tomorrow, nobody knows. When a ball dropped from the top of a highrise ...
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DaddyBear replied Jun 21, 2012DaddyBear once said: "old bulls never die; they just fade away."
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DaddyBear replied Jun 21, 2012Let's see how high this bounce can be. Throw a ball from 1.02240 to 1.00351. It shall bounce to somewhere Aussie feels comfortable as far as I know.
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DaddyBear replied Jun 21, 2012The tide of bears is ebbing. A lot of bulls are lying on the ground. Guess they did not take the bus in time.
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DaddyBear replied Jun 21, 2012M5 Morning Star is forming. Bulls may be getting life support now. p.s. jayjb, it's being confirmed.
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DaddyBear replied Jun 21, 2012Nice entry! Correction: I have to take this back. Sorry man. 3:00 pm EST
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DaddyBear replied Jun 21, 2012I won't know a good entry point until it happens. It's better not to tell people when to enter a trade because I don't want people get hurt when I make mistakes.
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DaddyBear replied Jun 21, 20124_x, from my reading of charts, it looks like the bears want to take a break now after chasing bulls all the way down from high mountains.
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DaddyBear replied Jun 21, 2012[I]ANNOUNCEMENT: (Again) For those bulls still hiding in our hotel rooms, please run to the bus terminal at your earliest convenience. We have to make room for a lot of bears who are checking in now. Manager, Hotel DaddyBear
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DaddyBear replied Jun 20, 2012Good morning! This is my last trade tonight. Hope to get some pips before going to bed. Aussie is moving north now.

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DaddyBear replied Jun 20, 2012Pivot could be a resistance. Aussie may bounce to hit the pivot. -IMO-
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