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Aussie Trading Room and Cartoons Gallery

  • #361
  • Jul 22, 2012 1:10pm Jul 22, 2012 1:10pm
Quoting DaddyBear
Although our trading room is not that huge like others' but I believe it has some more room for more people to trade their opinions SERIOUSLY!
http://www.youtube.com/watch?v=IZbN_nmxAGk
If there was easy money lying around,no one would be forcing it into your
  • #362
  • Jul 22, 2012 1:22pm Jul 22, 2012 1:22pm
Quoting DaddyBear
I did not say that you were wrong about your ADX analysis. I was offering my thoughts about the TF. To be honest with you, I am still learning how to master ADX at this point.
Thanks papa..I ask questions in order to learn more cause to me learning is the best part of trading...the money is the cherry on top....I'm definitely in mad scientist mode while learning about ADX and DMI....
  • #363
  • Jul 22, 2012 1:25pm Jul 22, 2012 1:25pm
Quoting petehnm
Thanks papa..I ask questions in order to learn more cause to me learning is the best part of trading...the money is the cherry on top....I'm definitely in mad scientist mode while learning about ADX and DMI....
It should be good for you. Whoever can master ADX with a clear mind will be the winner in the end. -DB-
daddybearforex. com
  • #364
  • Jul 22, 2012 1:29pm Jul 22, 2012 1:29pm
Quoting CNTrader
Hahaha did someone say my name (Bullears') I think I resemble that remark!!
Even you are a Bullear or a Bearull, you are welcome here. Nobody will ask you to show your ID card.
daddybearforex. com
  • #365
  • Jul 22, 2012 1:31pm Jul 22, 2012 1:31pm
I know some of you gentlemen are from Australia..I was wondering if any of you had a general feel for what the media is calling for today's PPI numbers that are coming out later this evening...
  • #366
  • Jul 22, 2012 2:10pm Jul 22, 2012 2:10pm
All USDs gapping down with EU leading in accordance to fridays views that eg, ea, ej are all short on the lowers -> EU the one to go. Let's see how EU reacts to 1.2130 +-5 area for some USD vol spice in AU.
  • #367
  • Jul 22, 2012 2:16pm Jul 22, 2012 2:16pm
Quoting DaddyBear
doblece's chart posted on 7/19 indicated a TL. My TL #1 matches his. My view is that Aussie is in her RWS zone. When the train switches to a new railway then it will be on the right track again. -IMHO-
As expected, currently Aussie is gapping down steadily.
daddybearforex. com
  • #368
  • Jul 22, 2012 2:44pm Jul 22, 2012 2:44pm
Here are some thoughts. Should be interesting to see how it plays out. Currently short from Thursday night Asian session. I will adjust my direction according to what my charts are telling me. However one thing that stays in the back of my mind is how nicely yeilds tracked with the AU until early 2011 and although the relationship hasnt completely broken down, the sharp drop in yeilds has been met with subdued moves in the currency. AU is just 5% off its all time highs since early 2011 and the 10yr has nearly dropped 50% from its levels around that same time. While some would say that is all the more reason to long Aussie because of its strength, this divergence in behavior gives me reason to be a little cautious as it can be a precursor to show just how vulnerable the market may be to a very big adjustment. But for now I just trade the charts while the Fundi Mumbo-Jumbo sorts itself out.
Attached Image (click to enlarge)
Click to Enlarge Name: au 4hr.jpg Size: 109 KB
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #369
  • Jul 22, 2012 3:04pm Jul 22, 2012 3:04pm
Quoting CNTrader
Here are some thoughts. Should be interesting to see how it plays out. Currently short from Thursday night Asian session. I will adjust my direction according to what my charts are telling me. However one thing that stays in the back of my mind is how nicely yeilds tracked with the AU until early 2011 and although the relationship hasnt completely broken down, the sharp drop in yeilds has been met with subdued moves in the currency. AU is just 5% off its all time highs since early 2011 and the 10yr has nearly dropped 50% from its levels around that...
I am not familiar with butterfly trading. May be you can share your insight of your target of current move. I assume the bottom of right side triangle, which I circled with cyan color, is to be the bottom. I cannot read the price marks in your chart because it is unclear and very small. Could you blow it up with some notes. Thanks. -DB-
Attached Image
daddybearforex. com
  • #370
  • Jul 22, 2012 3:16pm Jul 22, 2012 3:16pm
Quoting DaddyBear
No. 3 - TWIN-BEAR Astrological Sign
Seen from ancient Greeks' eyes.
Now the Aussie is moving through the red bear toward its tail.
Attached Image
daddybearforex. com
  • #371
  • Jul 22, 2012 3:22pm Jul 22, 2012 3:22pm
Quoting DaddyBear
I am not familiar with butterfly trading. May be you can share your insight of your target of current move. I assume the bottom of right side triangle, which I circled with cyan color, is to be the bottom. I cannot read the price marks in your chart because it is unclear and very small. Could you blow it up with some notes. Thanks. -DB-
Sure np. Its a potential Bat pattern completion at an .886 fib level from X-A. Still far from becoming a pattern completion as much PA must take place before it completes but i like to visualize ahead of time where price action may go and what possible route it may take. I use Harminics once in a while to visualize this as often times the market will move Harmonically. Look at how well the pair respected the ab=cd harmonic completion at both areas i have the yellow lines circled. Often times these areas are respected when there is good ratio confluence backing them up. I bet at the time these patterns complete that if your ADX indi is also giving you your signal that these patterns will increase in their probabilities. Lots of traders like to use ADX, RSI and CCI combined with harmonics to try and get a good flow to the way the markets will move. As I always say nothing goes straight up or down this is just one of the ways I like to get some ideas as to where PA could go next. Hope this chart clears it up a little.
Attached Image (click to enlarge)
Click to Enlarge Name: au 4hr.jpg Size: 133 KB
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #372
  • Jul 22, 2012 3:27pm Jul 22, 2012 3:27pm
Quoting CNTrader
Sure np. Its a potential Bat pattern completion at an .886 fib level from X-A. Still far from becoming a pattern completion as much PA must take place before it completes but i like to visualize ahead of time where price action may go and what possible route it may take. I use Harminics once in a while to visualize this as often times the market will move Harmonically. Look at how well the pair respected the ab=cd harmonic completion at both areas i have the yellow lines circled. Often times these areas are respected when there is good ratio confluence...
Also the green lines are just areas of structure ive marked on a 4hr chart. I cant get it any clearer but if you pull up a 4hr chart you should be able to determine where those areas are.
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #373
  • Jul 22, 2012 3:32pm Jul 22, 2012 3:32pm
Quoting CNTrader
Sure np. Its a potential Bat pattern completion at an .886 fib level from X-A. Still far from becoming a pattern completion as much PA must take place before it completes but i like to visualize ahead of time where price action may go and what possible route it may take. I use Harminics once in a while to visualize this as often times the market will move Harmonically. Look at how well the pair respected the ab=cd harmonic completion at both areas i have the yellow lines circled. Often times these areas are respected when there is good ratio confluence...
Do you have your target of the bottom of Bat pattern? BTW, it was not my ADX. ADX is available to everyone. I used to apply CCI to my charts but I dropped it due to the fact it was designed for commodity trading not specifically for Forex. Sometimes I feel something was not quite right when using it to make decisions. I know a lot people following Woodie's CCI but not me because it lags a lot. -IMHO-
daddybearforex. com
  • #374
  • Jul 22, 2012 3:50pm Jul 22, 2012 3:50pm
Quoting DaddyBear
Do you have your target of the bottom of Bat pattern? BTW, it was not my ADX. ADX is available to everyone. I used to apply CCI to my charts but I dropped it due to the fact it was designed for commodity trading not specifically for Forex. Sometimes I feel something was not quite right when using it to make decisions. I know a lot people following Woodie's CCI but not me because it lags a lot. -IMHO-
My target is 0277 ish zone also being a 50% retrace area from the X-A where i will roll my stops and look to see what else PA is doing. However the pattern can still be valid with just a 38,2 retrace which comes in at 0310ish. If i see a bounce then i will look to go long and also look to take a possible low risk short at top of 2nd red triangle for a potential target at completion rolling my stops along the way. If that Bat pattern completes that is where i will take a low risk long again banking profits along the way until I see another reason for a low risk short. This is all just preliminary however as all i am doing is trying to visualize the path of PA and IF things go the way I visualize then I will be ready to act upon my analysis. If things change then i wont fight the market I will join it and trade accordingly. There is more than one way to skin a whale, Right? Especially a Killer one

Sorry couldnt help myself. It seemed fitting.

BTW I didnt mean anything by calling it your ADX i just know you like to use it and also noticed you are one of the few people i have ever seen use it correctly. I like what you are doing with it... thats all. Agree with you about CCI however Aussie is a commodity currency so combined with the use of harmonics it can be useful for some. I peek at it every once in a while as i do with RSI and ADX.
Don't follow me! You can and most likely will LOSE all your money!!!!
  • #375
  • Jul 22, 2012 4:25pm Jul 22, 2012 4:25pm
Quoting CNTrader
My target is 0277 ish zone also being a 50% retrace area from the X-A where i will roll my stops and look to see what else PA is doing. However the pattern can still be valid with just a 38,2 retrace which comes in at 0310ish. If i see a bounce then i will look to go long and also look to take a possible low risk short at top of 2nd red triangle for a potential target at completion rolling my stops along the way. If that Bat pattern completes that is where i will take a low risk long again banking profits along the way until I see another reason...
Nice post. Regarding the Wxxxx, I'd like to say that regardless of the size of the Wxxxx, there will always be some WxxxxKillers, WxxxxRiders, WxxxxKiller-Riders and WxxxxRider-Killers waiting to skin the Wxxxx. -IMHO-
daddybearforex. com
  • #376
  • Edited 5:33pm Jul 22, 2012 4:55pm | Edited 5:33pm
While everybody is watching Aussie's PA and waiting for the PPI, I'd like to share a little bit of my thinking of this forum.

Personally, I don't like to live in a very rigid society or follow some dictators' ideology. I firmly believe any person with sound mind was born free and should be able to enjoy the freedom of speech as long as he doesn't attack others.

Based on this concept, I prefer not to encouraging non-stop discussing of trading ideas from early morning until midnight 24/7/365 even during weekends and holidays. We need some breaks in between. Trading is very stressful but we don't have to be that way all the time in a forum. We trade Aussie seriously. We discuss trading ideas with open-minded approach. And, we want to enjoy our life in a forum just like what we are doing in our offline life.

By maintaining a relaxed setting for members and visitors, I am looking for a more productive trading result for everyone. The reason we see a lot of yelling in some forums is simply because the tune of that places are so stressful. So, any minor frictions could end up with big fights at any moment.

I know Kobe beef has been renowned for its high quality. The reason Kobe beef can achieve such a status has no secret. The ranch owners feed their cattle with nice food and beer. Give them routine massages and have them enjoy nice music everyday. If relaxation makes top quality beef in ranches, why can't it produce top traders in a forum?

O.K. I will stop right here and leave some room for everybody to think .....
Attached Image (click to enlarge)
Click to Enlarge Name: BEER.JPG Size: 43 KB
daddybearforex. com
  • #377
  • Jul 22, 2012 5:28pm Jul 22, 2012 5:28pm
The trend is your friend until it ends when it fu**** bends!!
  • #378
  • Jul 22, 2012 5:53pm Jul 22, 2012 5:53pm
looks like 50's are going to hang around till PPI..then we'll see either the plunge or a ride up a bit...seems like all my charts are showing a bearish attitude...but I'm in a long from Friday at 1.0364 and I'd like to see it go back up to the 1.0380-90 area to get out and change directions....but a few more pips down and I think I'll need to take my loss and sit back till after PPI is announced....open for suggestions.....
  • #379
  • Jul 22, 2012 6:06pm Jul 22, 2012 6:06pm
Note: this message is for newbies or new members. If you are not then please skip this one. Thanks.

I encourage all newbies to post your questions and messages in this forum. The purpose of a forum is to share and learn from each other. You may be worrying that someone may be looking down on you. some people may say something bad to you. But, who cares about a few people's narrow-minded talking.

Let me throw in a proverbs for you to figure out your inner strength. A carpenter told a 1000-year old tree that it was ugly and useless. However, the old tree replied to the carpenter with its aged wisdom. Because it was ugly and useless, so that it could enjoy 1000-year old life up to that point.

Being a newbie is nothing wrong or to be shameful. As long as you believe you can make it, you will make it in the end. -IMHO-
daddybearforex. com
  • #380
  • Jul 22, 2012 6:07pm Jul 22, 2012 6:07pm
From IFR....


Newswires full of negative China stories/analysis over the weekend
China adviser says China growth may slow to 7.4% in Q3 - Bloomberg
Premier Wen warns of "complicated, grim" job situation - Xinhua
Markets also on edge over rise in Spanish bond yields - especially short end
CNY NDFs barely traded Friday nite - 1yr range 6.4170/80; Close 6.4170/00
Key event flash PMI out Tuesday
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