daddybearforex. com
- #47,721
- Jun 24, 2012 5:49pm Jun 24, 2012 5:49pm
- | Membership Revoked | Joined Jan 2011 | 31,935 Posts
daddybearforex. com
- #47,722
- Jun 24, 2012 5:52pm Jun 24, 2012 5:52pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
KiwiTrada, thanks for your fair statement. I believe you saw what I saw on Friday.
eu is still just below her breached daily rising chanel.
so I am waitng bears to continue their ride south on all 3 ladies, swissy is contrarian ladies, and she is right now testing good resistance.
I am wait patiently pa show where her going go if I correct, I will very happy if wrong I will be stopped, this is forex
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- #47,723
- Jun 24, 2012 5:57pm Jun 24, 2012 5:57pm
- | Membership Revoked | Joined Jan 2011 | 31,935 Posts
daddybearforex. com
- #47,725
- Jun 24, 2012 6:13pm Jun 24, 2012 6:13pm
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daddybearforex. com
- #47,726
- Jun 24, 2012 6:19pm Jun 24, 2012 6:19pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
I learned something from you tonight. "my read aussie more often than not does not respect parity as support, but more often as resistance." Very good observation and I believe you are right on the money.
Time will tell bro, her possably pop to 0060 then I think she will have another go at parity, if her continue past 0060, then I will defend the ltl of the rising chanel, on the 1hr chart, 0060 is approx 200sma and the 50 sma is heading down 45 degrees possibly intersect 200sma around there, kiwi 4hr is a lot clearer
is no hurry, I wait pa show her hand
If you are new to Forex? Say Goodbye to your account!!
- #47,728
- Jun 24, 2012 6:46pm Jun 24, 2012 6:46pm
I wish I could box 
the idiots who are buying 10yr notes at this low rate of 1.67%. Get some balls and buy equities and commodities...don't they know that I have AUD/USD longs that need to close ... 
the idiots who are buying 10yr notes at this low rate of 1.67%. Get some balls and buy equities and commodities...don't they know that I have AUD/USD longs that need to close ... 100 Pips per day can keep the bosses away.
- #47,729
- Jun 24, 2012 6:56pm Jun 24, 2012 6:56pm
- | Membership Revoked | Joined Jan 2011 | 31,935 Posts
Yup charts shoow it clearly, however it is still 0000 physc level, it have added strength if other ladies also approaching big levels but I not seeing any at the moment to co-inside
Time will tell bro, her possably pop to 0060 then I think she will have another go at parity, if her continue past 0060, then I will defend the ltl of the rising chanel, on the 1hr chart, 0060 is approx 200sma and the 50 sma is heading down 45 degrees possibly intersect 200sma around there, kiwi 4hr is a lot clearer
is no hurry, I wait pa show her hand
Furthermore, parity is not a rigid line but acts like a rubber band. So if Aussie drops below parity and then bounces back, the pattern is very likely an expanding triangle. Otherwise it was an expanded flat. -IMHO-
daddybearforex. com
bro I treat eu aussie and kiwi as very close sisters, when they in sync they are beatiful ladies to trade, aussie is trap between parity and 0255 this is 87.5% of all time range kiwi is below 81.25% and 7900 so they at edge of cliff kiwi being held now by 200sma 1hr and aussie by parity, my read aussie more often than not does not respect parity as support, but more often as resistance
eu is still just below her breached daily rising chanel.
so I am waitng bears to continue their ride south on all 3 ladies, swissy is contrarian ladies, and she...
X
- #47,731
- Jun 24, 2012 8:19pm Jun 24, 2012 8:19pm
- Joined Aug 2009 | Status: Trader | 12,448 Posts
bro, I don't use SMA or EMA. What I follow is EW principle and a child's simple mind. I assume you understand EW principle. Currently, Aussie is likely in an expanding triangle or was in an expanded flat. If you draw two trend lines of two recent HH and LL, you would understand what I mean.
Furthermore, parity is not a rigid line but acts like a rubber band. So if Aussie drops below parity and then bounces back, the pattern is very likely an expanding triangle. Otherwise it was an expanded flat. -IMHO-
is ok, I dont use any indicators, only ma for clues, crosses etc, just use raw pa with S&R, found indicators getted me in more trouble with false triggers etc, they just lag too much, yes studied EW about 4 years ago, everybody find what works for them best, as long as it works ok, nice, I have a nice very simple trade plan for bread and butter, and scalp when pa range, is enough for me, given up trading news, is too much BS news, and BS pa response
I concentrate on longer term trades, mmm only sell but I do have levels where I might be tempted to jump bulls team, but no where near these levels
If you are new to Forex? Say Goodbye to your account!!
- #47,732
- Jun 24, 2012 8:22pm Jun 24, 2012 8:22pm
- | Membership Revoked | Joined Jan 2011 | 31,935 Posts
daddybearforex. com
- #47,734
- Jun 24, 2012 8:53pm Jun 24, 2012 8:53pm
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daddybearforex. com
- #47,736
- Jun 24, 2012 9:05pm Jun 24, 2012 9:05pm
- | Membership Revoked | Joined Jan 2011 | 31,935 Posts
daddybearforex. com
FTX,
BP told people who purchased his DVD courses that there is no holy grail. I am not sure whether or not there is a holy grail for his DVD purchasers; however, among those people and BP, someone could already get the holy grail. I just don't know who did.
all I know is, i'm up 1.3% in one account, 2.5% in another, have over 300 pips today.... and every night, I still get down on my knees, and pray for that grail to drop from the sky.
oh well... until then, my brain will have to substitute and hopefully keep finding ways to pull money out of markets.
it's a tough job, DB. but ya know....
- #47,738
- Jun 24, 2012 9:23pm Jun 24, 2012 9:23pm
- | Membership Revoked | Joined Jan 2011 | 31,935 Posts
daddybearforex. com
- #47,739
- Jun 24, 2012 9:29pm Jun 24, 2012 9:29pm
- | Membership Revoked | Joined Jan 2011 | 31,935 Posts
all I know is, i'm up 1.3% in one account, 2.5% in another, have over 300 pips today.... and every night, I still get down on my knees, and pray for that grail to drop from the sky.
oh well... until then, my brain will have to substitute and hopefully keep finding ways to pull money out of markets.
it's a tough job, DB. but ya know....
daddybearforex. com
FTX, like you said finding top and bottom is possible. I believe finding one's holy grail is also possible. However, everybody's holy grail is different. While some people want super large sizes, I only want a pure gold small one if it does exist.
problem is, my brain keeps getting in the way.
my method of determining the most likley factors to be influencing the markets on any given day, then filted through normal technical analysis and a few more customized mental filters, and presto - holy grail. 70%+ win rate. 1:1 Risk Reward (or better), some trades are good enough I can take them in my sleep.
and yet, somehow, i manage to flub that up a bit... from week to week and day to day
but... that's kinda the biggest reason i'm around here these days. to keep on improving, and to work on the things that hold me back.
it's funny man. i look back, and the "learning how to read the market like a book" is the EASY part! LOL! tell that to a few noobie traders eh?