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DaddyBear replied Jun 20, 2012Hi Eric, your chart looks nice as usual. My view about the current triangle is that it is an ending triangle. Also, the PA was below the gravity center of the triangle. Together with H4 evening star formation, I see this a sign of a terminus. The ...
AUD/USD
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DaddyBear replied Jun 20, 2012The law of the market will prevail and override any indicators. BTW, your two pink lines are lagging indicators, which are at least 10 bars behind current PA.
AUD/USD
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DaddyBear replied Jun 20, 2012Aussie is forming a triangle. Downside risk is more than 50% at this point.
AUD/USD
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DaddyBear replied Jun 20, 2012Your chart looks nice. What is it telling you now? What platform is it?
AUD/USD
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DaddyBear replied Jun 20, 2012You have to bite bull's neck when it stands up tall not to grab it's tail when it is falling to the ground. BTW, I am neither a bull nor a bear. I am DaddyBear!
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DaddyBear replied Jun 20, 2012I don't have a fixed target at this point but I believe Aussie is going to test 94 sooner or later. -IMO-
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DaddyBear replied Jun 20, 2012Did you get hit by the bull tail? The bull is trapped but not dead. Plus, today is the triple swap day.
AUD/USD
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DaddyBear replied Jun 20, 2012A big evening star is forming on my M144 chart. (jayjb, no confirmation yet)
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DaddyBear replied Jun 20, 2012Yes. The bull party ended this morning. What you see now is bull's tail swing. -IMO- p.s. My announcement was made before Dr. Ben's decision.
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DaddyBear replied Jun 20, 2012ANNOUNCEMENT: May I have all bulls' attention please. The small bull party since June 1 has ended at 7:45 am EST. For those bulls still in the ballroom, please bring your belongings with you to the bus terminal at the rear of the hotel. There will ...
AUD/USD
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DaddyBear replied Jun 20, 2012Because most bulls left, Dr. Ben has to deliver his speech to bears instead of bulls this afternoon. Not sure if bears will like what he is going to say. We shall see.....
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DaddyBear replied Jun 20, 2012Bears are moving in to demolish bulls tent. They are going to have an open air concert now. -IMO-
AUD/USD