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AUD/USD

  • #48,681
  • Jul 5, 2012 9:17am Jul 5, 2012 9:17am
Well I just had a very strange trading experience today. I lost a lot of money due to stupid money management and emotional market entry (recall the sharp spikes about 2 hours earlier? I missed it and decided to enter right at the bottom just because... but stopped myself out due to massive retracements that could have mean something else), and due to the crazy fall I earned it back... from trades that should have been profits if I did not greedily enter the markets today.

I think if I missed opportunities I should just let them be, they always come again. When I grab the tail end, that's when I get burned. Learn from my mistake guys.
  • #48,682
  • Jul 5, 2012 9:20am Jul 5, 2012 9:20am
Quoting petehnm
down she goes...i think the equities market is way over due for a correction...volitility indexes are way low...just a thought
Give them a couple of hours, after lunch maybe but up until then I wouldn't be surprised with some nice ranging 1.0250-1.0300, gold bounced back up as expected staging $12 recovery but I'd love to see it around 1590 to go long for good.
Don't get mad, get even!
  • #48,683
  • Jul 5, 2012 9:25am Jul 5, 2012 9:25am
Short Short shortttttt !!
  • #48,684
  • Jul 5, 2012 9:25am Jul 5, 2012 9:25am
Quoting TheBanker
When I think of DaddyBear,
I think of this.

http://www.bobjjj.com/dani/Teddymon2.gif


Go Teddymon!
I hope that I am so good looking.
daddybearforex. com
  • #48,685
  • Jul 5, 2012 9:26am Jul 5, 2012 9:26am
Quoting Brocklesnar
Short Short shortttttt !!
And up she goes !!
Don't get mad, get even!
  • #48,686
  • Jul 5, 2012 9:31am Jul 5, 2012 9:31am
Quoting petehnm
Sweet...whatcha thinking about doing with it ..you gonna keep riding the rollercoaster....I was thinking about it ...but just like your picture i'm thinking the bottoms gonna drop soon...any thought?
If my chart reading is correct, there are more downside risk than upside. -IMHO-
daddybearforex. com
  • #48,687
  • Jul 5, 2012 9:35am Jul 5, 2012 9:35am
Quoting DaddyBear
If my chart reading is correct, there are more downside risk than upside. -IMHO-
Can anyone else see that chart to understand why? Cartoons are pretty cool, I like yours but I hope that's not what you call your charts.
Don't get mad, get even!
  • #48,688
  • Jul 5, 2012 9:44am Jul 5, 2012 9:44am
Quoting HeavenBlade
Well I just had a very strange trading experience today. I lost a lot of money due to stupid money management and emotional market entry (recall the sharp spikes about 2 hours earlier? I missed it and decided to enter right at the bottom just because... but stopped myself out due to massive retracements that could have mean something else), and due to the crazy fall I earned it back... from trades that should have been profits if I did not greedily enter the markets today.

I think if I missed opportunities I should just let them be, they...
buying tops and selling bottoms was and still can be a problem for me too..like you said hopefully we learn...i'll admitt I'm getting better at not doing it anymore...one thing that has helped me is to put together a whole trade entry and exit, stops and limits and then let it run....I know it's easier said than done,but once you can get in the habit of doing it like this profits come easier and losses get smaller... happy hunting to ya...
  • #48,689
  • Jul 5, 2012 9:47am Jul 5, 2012 9:47am
Quoting DaddyBear
If my chart reading is correct, there are more downside risk than upside. -IMHO-

I agree papa...it's just tempting to keep riding it up and down....let's see if 1.0280 becomes the new resistence..gonna leave my short and get out at 1.0238...then maybe jump intothe eur/usd at the 1.2345 area for a long...
  • #48,690
  • Jul 5, 2012 10:30am Jul 5, 2012 10:30am
AUD totally outperforming every other major tonight.
Don't get mad, get even!
  • #48,691
  • Jul 5, 2012 10:30am Jul 5, 2012 10:30am
Quoting DaddyBear
I hope that I am so good looking.
Certainly you are my daddy
  • #48,692
  • Jul 5, 2012 10:33am Jul 5, 2012 10:33am
Quoting HotBiscuits
this thread is now officially full retard. Youre all making this sound like some weird sex cult ffs.
Now I see what you man.
Don't get mad, get even!
  • #48,693
  • Jul 5, 2012 10:40am Jul 5, 2012 10:40am
We have quite a few bears here, stulic bear avatar as well. Would you be Mama bear?
  • #48,694
  • Jul 5, 2012 10:48am Jul 5, 2012 10:48am
Quoting stulic
Can anyone else see that chart to understand why? Cartoons are pretty cool, I like yours but I hope that's not what you call your charts.
I am happy that you like my cartoons.

Let me make it clear. I am neither a bear nor a bull. I may be long or short a few times in a single day. In other words, I am not a Prema-Bear.

If you paid attention to my message, you would see "If" in the beginning. My view is subjective but I wouldn't say it's 100%. My understanding is that bear will have upper hand than bull in the coming sessions. -IMHO-
daddybearforex. com
  • #48,695
  • Jul 5, 2012 10:52am Jul 5, 2012 10:52am
Quoting DaddyBear
I am happy that you like my cartoons.

Let me make it clear. I am neither a bear nor a bull. I may be long or short a few times in a single day. In other words, I am not a Prema-Bear.

If you paid attention to my message, you would see "If" in the beginning. My view is subjective but I wouldn't say it's 100%. My understanding is that bear will have upper hand than bull in the coming sessions. -IMHO-
Fair enough, still no chart tho
Don't get mad, get even!
  • #48,696
  • Jul 5, 2012 11:01am Jul 5, 2012 11:01am
Quoting stulic
Fair enough, still no chart tho
The way we approach the market are different. When speaking two different languages, there is a very slim chance that we will agree with each other.

It's better that we keep a good relationship than debate in the forum endlessly. Take it easy.
daddybearforex. com
  • #48,697
  • Jul 5, 2012 11:09am Jul 5, 2012 11:09am
Quoting DaddyBear
The way we approach the market are different. When speaking two different languages, there is a very slim chance that we will agree with each other.

It's better that we keep a good relationship than debate in the forum endlessly. Take it easy.
I tend to disagree, I speak three or four different languages and always managed to agree on many things with people speaking neither of those three or four languages.
If you say your chart says this or that, I thought it would be appropriate to show everybody what you mean and explain your approach to the market.
Nobody says we have to agree, in fact I'm pretty sure we wont, but that's why we're here.
Don't get mad, get even!
  • #48,698
  • Jul 5, 2012 11:35am Jul 5, 2012 11:35am
Quoting irfandbl
I still have my eyes on 1.0328 and 1.0370.
How's the bus guys? Hope everyone hoped in the right one.

1.0370 is next but obviously not today.
I have some more numbers to watch as for now

1.0335
1.0351
  • #48,699
  • Jul 5, 2012 11:59am Jul 5, 2012 11:59am
By the way here's my H1 and D1 chart. I can't post H4 yet since the stochastic hasn't crossed level 50 yet.

Attached Image (click to enlarge)
Click to Enlarge Name: AUDh1.gif Size: 18 KB


Attached Image (click to enlarge)
Click to Enlarge Name: AUDD1.gif Size: 16 KB


D1 second target is 1.0255 + (1.0255 - 0.9968) = 1.0542
but I think it's too high to be expected by now
  • #48,700
  • Edited 12:24pm Jul 5, 2012 12:12pm | Edited 12:24pm
Quoting stulic
I tend to disagree, I speak three or four different languages and always managed to agree on many things with people speaking neither of those three or four languages.
If you say your chart says this or that, I thought it would be appropriate to show everybody what you mean and explain your approach to the market.
Nobody says we have to agree, in fact I'm pretty sure we wont, but that's why we're here.
stulic,

I don't want to disappoint you. Here is a monthly chart with my EW notes. I believe you are smart enough to see what I see. This chart is self-explanatory. No need for any explanation. -IMHO-

p.s. You may send me your PM if you really have questions.
Attached Image (click to enlarge)
Click to Enlarge Name: MONTHLY.JPG Size: 39 KB
daddybearforex. com
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