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Aussie Trading Room and Cartoons Gallery

  • #1,681
  • Jul 28, 2012 6:57pm Jul 28, 2012 6:57pm
Quoting DaddyBear
Is this your granddaughter's painting?

... no ... (she would have drawn it way better ... haha! )
  • #1,682
  • Jul 28, 2012 6:57pm Jul 28, 2012 6:57pm
Let me post my message one more time.

Hey you!

For those "peeping Tom" outside of the door of Aussie Trading Room and Cartoons Gallery, please get your free ticket and come inside to sing some songs for us. Your free viewing time is expired. Boys and girls come on in and enjoy yourself every time you are here!
Attached Image
daddybearforex. com
  • #1,683
  • Jul 28, 2012 7:13pm Jul 28, 2012 7:13pm
Alright alright I'll post and say hi I love the cartoons and the general mood here!
  • #1,684
  • Jul 28, 2012 7:17pm Jul 28, 2012 7:17pm
Alright gang,

I'm pretty new in the forex market and I was taught basically how to scalp and day trade. Trade trends, news, High impact reports, etc,. I'm looking to become an advanced forex trader and I was wondering if you guys would be able to point me in the right direction. This last week was my first week trading for real. I had a profitable week. But I could have done a lot better had I not made stupid mistakes. I know I have the right mindset, I just need to educate myself further on the forex to be a great trader. How do I become a great trader?
Good luck and may the odds be ever in your favor!
  • #1,685
  • Jul 28, 2012 7:25pm Jul 28, 2012 7:25pm
Quoting Fxsigma
Alright alright I'll post and say hi I love the cartoons and the general mood here!
Welcome, Fxsigma. Please feel at home here. Thanks for your post.
daddybearforex. com
  • #1,686
  • Jul 28, 2012 7:45pm Jul 28, 2012 7:45pm
Quoting dbutton1990
Alright gang,

I'm pretty new in the forex market and I was taught basically how to scalp and day trade. Trade trends, news, High impact reports, etc,. I'm looking to become an advanced forex trader and I was wondering if you guys would be able to point me in the right direction. This last week was my first week trading for real. I had a profitable week. But I could have done a lot better had I not made stupid mistakes. I know I have the right mindset, I just need to educate myself further on the forex to be a great trader. How do I become a great...
During my first week of forex trading a few years ago, I did pretty well. The profit was more than 100%. But, then it became unstable all the time after I began to accept all trading ideas.

Why sometimes new traders have very good performance? My view is that they see market the way it is. Their mind is clear from all kind of trading methods. What I am trying to do now is to go back to that mindset.

As to how to become a great trader, I don't think I am qualified to answer your question. But, I do know that a strong resolve and time are two important ingredients. -IMHO-
daddybearforex. com
  • #1,687
  • Jul 28, 2012 8:25pm Jul 28, 2012 8:25pm
Quoting dbutton1990
.... How do I become a great trader?
Humbly confident,
relaxedly alert,
detachedly tight,
stubbornly flexible,
punctually patient,
eagerly learning,
positively persistent,
good-humored no matter the season,
and above all, loving what you do.

Those are some elements, which will help in finding many more.
  • #1,688
  • Jul 28, 2012 8:47pm Jul 28, 2012 8:47pm
Quoting 4xxxxaus
Hey DB, Really good words and Avatar, I have read every single post and I know what to ask and what not.

But, I looking to fund and account and be done with the demo, but everytime I think a company is good, I search the web for discussion and find lot of bad comments about them.

Im in australia, was looking to fund for about $2000 - $5000.

I just need to have e better direction, I know you have more years of information.

thanks
I'm pretty much the same as you my friend, currently in Australia, but i'm too hasty in choosing my broker back then in my country, most of my friends used insta, but after observing this forum for quite sometime, i'm more literate in this forex stuff.

The biggest mistake that i foolishly did it over and over again was taking position that against the trend. So tempting but so costly...even though it gives me a big profit when the luck was on my side. By reading related threads ini this forum, apparently i'm increasing this luck factor, but some said 'luck is for those who are come prepared!'
  • #1,689
  • Jul 28, 2012 8:54pm Jul 28, 2012 8:54pm
Quoting doblece
Humbly confident,
relaxedly alert,
detachedly tight,
stubbornly flexible,
punctually patient,
eagerly learning,
positively persistent,
good-humored no matter the season,
and above all, loving what you do.

Those are some elements, which will help in finding many more.
These elements are tough tasks indeed.
daddybearforex. com
  • #1,690
  • Jul 28, 2012 8:56pm Jul 28, 2012 8:56pm
Quoting doblece
Humbly confident,
relaxedly alert,
detachedly tight,
stubbornly flexible,
punctually patient,
eagerly learning,
positively persistent,
good-humored no matter the season,
and above all, loving what you do.

Those are some elements, which will help in finding many more.
Well stated doblece!
My initial trading attempt, before I went through formal training was like dbutton1990 experienced. My first couple of trades made over $1000 each and I remember thinking how easy this was!! What had happened was, I inadvertently by chance enter a couple of correct trades that moved over 100 pips. I was so excited and thought, I'm going to be rich in no time!

Well you can guess what happened! My new broker initialized my new account set up to full lots and the next set of trades lost my original profit and ate up thousands of my capitol. Fear sets in and you start getting adrenalin pounding every time you pull the trigger! That's when I started down the education path. The first thing I learned was great risk management and simple ABC trades which identified a trend and then traded with it.

That was several years ago and I'm still on a steep learning curve!!

Experience, a lot of analysis and careful consideration of everything that you see and perceive, documentation of your trades, Learning from your own mistakes and keeping everything as non emotional as possible will be a subset of the tools necessary in becoming a "Great Trader"!

Oh yeah!!... Share your ideas, both good or bad with other traders. It's a great resource that can help you clarify your own positions. Just make sure that you never trade some one else s ideas as that will not make a trader out of you!
  • #1,691
  • Jul 28, 2012 8:59pm Jul 28, 2012 8:59pm
Quoting azzam
I'm pretty much the same as you my friend, currently in Australia, but i'm too hasty in choosing my broker back then in my country, most of my friends used insta, but after observing this forum for quite sometime, i'm more literate in this forex stuff.

The biggest mistake that i foolishly did it over and over again was taking position that against the trend. So tempting but so costly...even though it gives me a big profit when the luck was on my side. By reading related threads ini this forum, apparently i'm increasing this luck factor, but...
hello azzam,
first I like to said that the trend is your friend as many traders in this forum write about it, and I prove it in my demo account.
I was planning to start trading this week, but I don't think is going to happen cause I cant choose a broker, ( I always make sure to pick the right one, because I only blame myself if I make a mistake.

I let you know when I get one that is right.
  • #1,692
  • Jul 28, 2012 9:32pm Jul 28, 2012 9:32pm
Quoting doblece
Humbly confident,
relaxedly alert,
detachedly tight,
stubbornly flexible,
punctually patient,
eagerly learning,
positively persistent,
good-humored no matter the season,
and above all, loving what you do.

Those are some elements, which will help in finding many more.
Now I understand where I have been going wrong... I have been:
Humbly alert,
Relaxedly confident,
Detachedly flexible,
Stubbornly tight
Punctually learning
Eagerly patient,
Well seasoned in good humor
and above all doing what I love.
  • #1,693
  • Edited 11:05pm Jul 28, 2012 10:50pm | Edited 11:05pm
Quoting DaddyBear
These elements are tough tasks indeed.
The good part is that they evolve in concentric waves ... there are many levels in each and every little step accomplished brings about extra elements in the toolbox.

I guess I'm around 40% completion (optimistically) in average for all those points, except for 6, 7 and especially 9: I can't stop learning (now understanding it correctly is another issue, lol), I spring back up after every fall (after a short or not-so-short convalescence period ... ) and I definitely still love Forex trading as much or even more than I did on the early days ... I don't know exactly why, maybe it's because it's so similar to Music, for me ...

Edit: Just stumbled upon an old thread and found this pearl:
"The charts are just one long, continuous jazz improvisation - and just as a good improvisor can lead the music from one climax to the next in a fairly predictable manner, with an occasional twist, so the charts move." (Rob Mondave - http://www.forexfactory.com/showthread.php?p=3883983#post3883983 )
  • #1,694
  • Jul 28, 2012 10:53pm Jul 28, 2012 10:53pm
Quoting pauladkinsau
Now I understand where I have been going wrong... I have been:
Humbly alert,
Relaxedly confident,
Detachedly flexible,
Stubbornly tight
Punctually learning
Eagerly patient,
Well seasoned in good humor
and above all doing what I love.
Very good!
  • #1,695
  • Jul 29, 2012 12:04am Jul 29, 2012 12:04am
Yes, I am one of the lurkers Have enjoyed all the cartoons and the general banter and am glad I have found a thread where nobody has a go at anyone. I usually trade with Gold and Aud/Usd and Nzd/Usd but still learning
  • #1,696
  • Jul 29, 2012 12:05am Jul 29, 2012 12:05am
Good afternoon! How's everyone been doing? Hope you guys are having a great weekend.

I see that a couple of haters dropped by here just to fart. My suggestion is not to react on such action no matter how smelly their farts are. Let them smell their own fart, period.

p.s. I would not share my borrowed DayTrader74's PT with them.
  • #1,697
  • Jul 29, 2012 12:08am Jul 29, 2012 12:08am
Quoting WendyG
Yes, I am one of the lurkers Have enjoyed all the cartoons and the general banter and am glad I have found a thread where nobody has a go at anyone. I usually trade with Gold and Aud/Usd and Nzd/Usd but still learning
Hey there Lurker
we're all still learning here, so hop in buddy, join the cartoon wagon
  • #1,698
  • Jul 29, 2012 1:22am Jul 29, 2012 1:22am
Quoting WendyG
Yes, I am one of the lurkers Have enjoyed all the cartoons and the general banter and am glad I have found a thread where nobody has a go at anyone. I usually trade with Gold and Aud/Usd and Nzd/Usd but still learning
Hi wendyG, I too trade gold n aud/usd. Let's enjoy the cartoons n tradings!
  • #1,699
  • Jul 29, 2012 3:50am Jul 29, 2012 3:50am
Quoting 4xxxxaus
hello azzam,
first I like to said that the trend is your friend as many traders in this forum write about it, and I prove it in my demo account.
I was planning to start trading this week, but I don't think is going to happen cause I cant choose a broker, ( I always make sure to pick the right one, because I only blame myself if I make a mistake.

I let you know when I get one that is right.
I trade with Oanda. I did a lot of research and it is the platform that suits me.

Just a head up. Hope you can find one as well
  • #1,700
  • Jul 29, 2012 3:53am Jul 29, 2012 3:53am
Quoting WendyG
Yes, I am one of the lurkers Have enjoyed all the cartoons and the general banter and am glad I have found a thread where nobody has a go at anyone. I usually trade with Gold and Aud/Usd and Nzd/Usd but still learning
Wendy, It's nice to "see" a girl showed up at our forum. Welcome aboard! We are all still learning. Learning is a never-ending process of Forex trading. -DB-
daddybearforex. com
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