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AUD/USD

  • #48,321
  • Jul 1, 2012 8:46pm Jul 1, 2012 8:46pm
Quoting DaddyBear
Welcome Mac!

I'd like to provide some personal experience for your reference.
[list=1][*]Find a good ECN broker and prepare to pay the commissions and fees.[*]Study technical analysis. Buy books not DVDs.[*]Find a pair suitable for you to trade during your available time. Don't try to jump around among different pairs. I recommend Aussie and Euro to start with.[*]Prepare to lose money. Don't back off when losing money but fight it out.[*]Trade on your own judgements not others' opinions.[*]Try to control your fear and greed through trading.[*]And...
I have got some good e books if anyone is interested just pm and i will send them right away

good luck everybody !!!
“Don't cry because it's over, smile because it happened.â€Â
  • #48,322
  • Jul 1, 2012 8:48pm Jul 1, 2012 8:48pm
Quoting DaddyBear
While bulls are having fun, the bear just came back from European Summit and sits right next to them.........
The bear jointed Bulls' happy-hours party and kept telling bulls the story of "Wolf's Coming!". But, the wolf never showed up until.......

Attention:
DaddyBear's cartoons are not indicators. Please do not apply them to your charts because they won't fit anyway.
Attached Image (click to enlarge)
Click to Enlarge Name: WOLF.JPG Size: 53 KB
daddybearforex. com
  • #48,323
  • Jul 1, 2012 8:51pm Jul 1, 2012 8:51pm
Another great picture from Papa Bear. Hope you all had a great weekend and many green pips this week.
  • #48,324
  • Jul 1, 2012 8:59pm Jul 1, 2012 8:59pm
Quoting PipSwing
Another great picture from Papa Bear. Hope you all had a great weekend and many green pips this week.
Pip Boy, my best wishes to you. May you make tons of green pips this week.
daddybearforex. com
  • #48,325
  • Jul 1, 2012 9:05pm Jul 1, 2012 9:05pm
Quoting DaddyBear
Welcome, Esoteric. Please see my previous post http://www.forexfactory.com/showthre...7#post5792987.
Hi DaddyBear, Can you please suggest a good book on elliot wave principals ? I saw couple of people suggesting 'Robert R. Prechter's' book in different posts but would like to get your views. Thanks in advance.
  • #48,326
  • Jul 1, 2012 9:17pm Jul 1, 2012 9:17pm
I've just gone short on a break of 1.0224
FF journal: Peaks and Troffs
  • #48,327
  • Jul 1, 2012 9:37pm Jul 1, 2012 9:37pm
Quoting DaddyBear
The bear jointed Bulls' happy-hours party and kept telling bulls the story of "Wolf's Coming!". But, the wolf never showed up until.......
When the US and Europe are slowing down, so is China.
When China is slowing down, so is Aussie. -IMHO-

Attention:
DaddyBear's cartoons are not indicators. Please do not apply them to your charts because they won't fit anyway.
Attached Image (click to enlarge)
Click to Enlarge Name: PROC-2.JPG Size: 55 KB
daddybearforex. com
  • #48,328
  • Jul 1, 2012 10:19pm Jul 1, 2012 10:19pm
Daddy, what do foresee for the RBA statement coming up here in a little over 24 hours?
  • #48,329
  • Jul 1, 2012 10:23pm Jul 1, 2012 10:23pm
Quoting deepsi128
Hi DaddyBear, Can you please suggest a good book on elliot wave principals ? I saw couple of people suggesting 'Robert R. Prechter's' book in different posts but would like to get your views. Thanks in advance.
Yes. Robert R. Prechter's' book is the best. When you understand EW principle thoroughly, you will stay ahead of the curve most time. -IMHO-
daddybearforex. com
  • #48,330
  • Edited 10:58pm Jul 1, 2012 10:38pm | Edited 10:58pm
Quoting PipSwing
Daddy, what do foresee for the RBA statement coming up here in a little over 24 hours?
Pip Boy, you asked a good question. To be honest with you, I don't have the ability to "foresee" market next move. What I have done is "projection". I identified market move patterns based on EW Principles. History repeats itself, so does the market. However, sometimes I made my move too soon. In other words, I am still learning how to master the art of trading.

The market never moves straight up or down. It's always up and down in waves or even stay sideways.

A guy just called me up. Below was what he said:

Attention:
DaddyBear's cartoons are not indicators. Please do not apply them to your charts because they won't fit anyway.
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daddybearforex. com
  • #48,331
  • Jul 1, 2012 11:39pm Jul 1, 2012 11:39pm
Dunno how to count the EW waves. Not sure what wave is it at. but if three green bars going down on the MACD on the 4H chart would be nice.
  • #48,332
  • Jul 1, 2012 11:47pm Jul 1, 2012 11:47pm
Quoting arcticpolar
Dunno how to count the EW waves. Not sure what wave is it at. but if three green bars going down on the MACD on the 4H chart would be nice.
Read the book I recommended to deepsi128 before you try to count anything. No pain no gain, young man.
daddybearforex. com
  • #48,333
  • Jul 1, 2012 11:53pm Jul 1, 2012 11:53pm
Quoting DaddyBear
Read the book I recommended to deepsi128 before you try to count anything. No pain no gain, young man.
omg do u ever shut up lol
  • #48,334
  • Jul 1, 2012 11:59pm Jul 1, 2012 11:59pm
Went long 1.02290
If skills could be acquired by watching, every dog would be a butcher. Turk
  • #48,335
  • Jul 2, 2012 12:01am Jul 2, 2012 12:01am
Quoting Silencer
omg do u ever shut up lol


rofl
Chance favors the prepared
  • #48,336
  • Jul 2, 2012 12:05am Jul 2, 2012 12:05am
Quoting Silencer
omg do u ever shut up lol
I was answering arcticpolar's question. If you were unable to help him, please do not interrupt. We are here to help each other. Don't you agree? Writing a message such as "omg do u ever shut up lol" or "rofl" do not help anybody but only show one's ignorance.
daddybearforex. com
  • #48,337
  • Jul 2, 2012 12:15am Jul 2, 2012 12:15am
Quoting Silencer
omg do u ever shut up lol
Daddybear's posts, much like the Aussie bulls, has been surging since the beginning of June. Now if that's not an indicator, folks...
  • #48,338
  • Jul 2, 2012 12:20am Jul 2, 2012 12:20am
  • #48,339
  • Jul 2, 2012 12:49am Jul 2, 2012 12:49am
Hello, I am new to the Forex and have been lurking these forums for a little over 2 months now, also trading a live account for a little over 2 months(doing suprisingly better than I expected to).

AUD/USD has quickly become my favorite pair to trade. I would like to thank all of you for all the posts that have been made as I have learned a lot from all of you. Again thank you, these forums combined with reading materials have expanded my knowledge in such a short time and I look forward to learning so much more from all of you. That is all.
  • #48,340
  • Jul 2, 2012 1:13am Jul 2, 2012 1:13am
Quoting DaddyBear
I was answering arcticpolar's question. If you were unable to help him, please do not interrupt. We are here to help each other. Don't you agree? Writing a message such as "omg do u ever shut up lol" or "rofl" do not help anybody but only show one's ignorance.
DaddyBear = WISE PERSON
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