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Aussie Trading Room and Cartoons Gallery

  • #501
  • Jul 23, 2012 10:49am Jul 23, 2012 10:49am
have a nice day all
If there was easy money lying around,no one would be forcing it into your
  • #502
  • Jul 23, 2012 10:49am Jul 23, 2012 10:49am
Quoting chiknthief
Example of a 16 week cycle / seasonal chart
Looks very interesting. Are there any links that I may be able to explore more about this subject? Thanks!
daddybearforex. com
  • #503
  • Jul 23, 2012 11:00am Jul 23, 2012 11:00am
Quoting petehnm
thanks irfanbl...will keep that in mind...latley I've been battling the patience monster....being I've never been very good at it..patience that is....
neither have I bro, DB said that some of traders are right too soon, I think we're one of them

Quoting DaddyBear
Patience is a virtue in any place at any time for anybody and for any purposes except when you have to go.
hence the portable toilet
  • #504
  • Jul 23, 2012 11:07am Jul 23, 2012 11:07am
the 1.0230 scenario has been cancelled as for now, the stochastic for m30 has made a new high

maybe it's time for the bear to have some rest

Attached Image (click to enlarge)
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Attached Image
  • #505
  • Jul 23, 2012 11:17am Jul 23, 2012 11:17am
Quoting DaddyBear
Looks very interesting. Are there any links that I may be able to explore more about this subject? Thanks!
Jake Bernstein and Larry Williams are the best in the business.

http://jakebernstein.com/

You'll have to google Larry. Their books are available in your local book stores/
  • #506
  • Jul 23, 2012 11:23am Jul 23, 2012 11:23am
Quoting irfandbl
neither have I bro, DB said that some of traders are right too soon, I think we're one of them

hence the portable toilet
As a matter of fact, I am one of those people who are right too soon because I am kind of aggressive in trading. It's a bad habit. BTW, Daytrader74 does not use his PT anymore, may be you can borrow it from him for free.
daddybearforex. com
  • #507
  • Jul 23, 2012 11:26am Jul 23, 2012 11:26am
Quoting DaddyBear
A a matter of fact, I am one of those people who are right too soon because I am kind of aggressive in trading. It's a bad habit. BTW, Daytrader74 does not use his PT anymore, may be you can borrow it from him for free.
do you want to share his PT with me Papa?
  • #508
  • Jul 23, 2012 11:26am Jul 23, 2012 11:26am
Quoting chiknthief
Jake Bernstein and Larry Williams are the best in the business.

http://jakebernstein.com/

You'll have to google Larry. Their books are available in your local book stores/
Thanks! I will look into this subject when I have time to do so. -DB-
daddybearforex. com
  • #509
  • Jul 23, 2012 11:31am Jul 23, 2012 11:31am
Quoting irfandbl
do you want to share his PT with me Papa?
First all, I am a person washing my hands often. Sharing my views of the Aussie is fine but sharing his PT with others may be overreached....
daddybearforex. com
  • #510
  • Jul 23, 2012 11:34am Jul 23, 2012 11:34am
Quoting DaddyBear
First all, I am a person washing my hands often. Sharing my views of the Aussie is fine but sharing his PT with others may be overreached....
Time will tell..
  • #511
  • Jul 23, 2012 11:34am Jul 23, 2012 11:34am
this aussie sell-off has been on low volume - I wouldn't read a great deal into it. Personally adding to long positions now.
TRADE FOR SWAP
  • #512
  • Jul 23, 2012 11:39am Jul 23, 2012 11:39am
Quoting cgldsmth
this aussie sell-off has been on low volume - I wouldn't read a great deal into it. Personally adding to long positions now.
Could you provide your insight as to why you bought Aussie at this level besides the low volume factor? Thanks.
daddybearforex. com
  • #513
  • Jul 23, 2012 11:59am Jul 23, 2012 11:59am
Quoting DaddyBear
Could you provide your insight as to why you bought Aussie at this level besides the low volume factor? Thanks.
I noticed some people in the old house also bought the Aussie at 250 level. Seems to me, they saw something I did not see. On the other hand, they don't see what I see either. Understand their mindset of doing so will help me to confirm my current pattern identification.
daddybearforex. com
  • #514
  • Jul 23, 2012 12:00pm Jul 23, 2012 12:00pm
Has anyone ever looked at 'fib time spirals' turning point analysis ? Its no 'be all-end all' but it is interesting when you have a line up of turning points that hit a fib count. This is a weekly chart and counting back in time from last week you see both major and minor turning points hitting either the swing high or swing low (+ or -) one bar. When you get three or more hitting the spiral, you can almost bet the next bar in the future will be a reversal of some sort. This week is starting out in that direction. Time will tell. Just thought it was interesting.
Attached Image (click to enlarge)
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  • #515
  • Jul 23, 2012 12:08pm Jul 23, 2012 12:08pm
Quoting DaddyBear
I noticed some people in the old house also bought the Aussie at 250 level. Seems to me, they saw something I did not see. On the other hand, they don't see what I see either. Understand their mindset of doing so will help me to confirm my current pattern identification.
These people have made same mistake that I did very often before and even now. Some people left the movie theater after seeing the actor said "thank you!" to the actress. The best part of the movie was still not shown yet. Now, I will wait until I see "The End" on the big screen before I decide whether I should keep waiting or just leave the movie theater.
daddybearforex. com
  • #516
  • Jul 23, 2012 12:10pm Jul 23, 2012 12:10pm
Quoting DaddyBear
I noticed some people in the old house also bought the Aussie at 250 level. Seems to me, they saw something I did not see. On the other hand, they don't see what I see either. Understand their mindset of doing so will help me to confirm my current pattern identification.
I believe someone a few pages back posted a butterfly pattern that looked to hit the B at around 1.0250. Maybe this is what they are looking at?
  • #517
  • Jul 23, 2012 12:14pm Jul 23, 2012 12:14pm
Quoting chiknthief
Has anyone ever looked at 'fib time spirals' turning point analysis ? Its no 'be all-end all' but it is interesting when you have a line up of turning points that hit a fib count. This is a weekly chart and counting back in time from last week you see both major and minor turning points hitting either the swing high or swing low (+ or -) one bar. When you get three or more hitting the spiral, you can almost bet the next bar in the future will be a reversal of some sort. This week is starting out in that direction. Time will tell. Just thought it...
I'd like to share some of my view about most trading books after reading your message. Most charts shown in trading books pretty much are "cherry picking". This would make the authors more credible. But, in the real life, it is not that way. Otherwise, we are all rich by now.
daddybearforex. com
  • #518
  • Jul 23, 2012 12:15pm Jul 23, 2012 12:15pm
Quoting mattheweston
I believe someone a few pages back posted a butterfly pattern that looked to hit the B at around 1.0250. Maybe this is what they are looking at?
Could be. I could not see the price marks due to the small size of the chart. The probability of inaccuracy of charting may be the factor even the Bat pattern was correct. -IMHO-
daddybearforex. com
  • #519
  • Jul 23, 2012 12:20pm Jul 23, 2012 12:20pm
Quoting DaddyBear
I'd like to share some of my view about most trading books after reading your message. Most charts shown in trading books pretty much are "cherry picking". This would make the authors more credible. But, in the real life, it is not that way. Otherwise, we are all rich by now.
Thats a current AUD/USD chart. NOT from a book. lol
  • #520
  • Jul 23, 2012 12:23pm Jul 23, 2012 12:23pm
You can lead a horse to water but you can't make him drink.
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