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Aussie Trading Room and Cartoons Gallery

  • #2,201
  • Jul 30, 2012 9:15pm Jul 30, 2012 9:15pm
Quoting DaddyBear
Yes. Not now.
this one just popped up on the 1hr chart and I noticed that when it does and it's green we go down anywhere from 15 to 50 pips....


Attached Image (click to enlarge)
Click to Enlarge Name: audfrac1.png Size: 69 KB
  • #2,202
  • Jul 30, 2012 9:17pm Jul 30, 2012 9:17pm
Hey just noticed I got a vouch from Mr Breakout and papa...thanks ..I appreciate it...
  • #2,203
  • Jul 30, 2012 9:27pm Jul 30, 2012 9:27pm
Quoting petehnm
Hey just noticed I got a vouch from Mr Breakout and papa...thanks ..I appreciate it...
You are welcome!
daddybearforex. com
  • #2,204
  • Jul 30, 2012 10:02pm Jul 30, 2012 10:02pm
Quoting petehnm
this one just popped up on the 1hr chart and I noticed that when it does and it's green we go down anywhere from 15 to 50 pips....


Attachment
What indicators are those green bars in the bottom panel?
daddybearforex. com
  • #2,205
  • Jul 30, 2012 10:11pm Jul 30, 2012 10:11pm
Quoting DaddyBear
What indicators are those green bars in the bottom panel?

Elliot wave oscillator...EWO...
  • #2,206
  • Jul 30, 2012 10:14pm Jul 30, 2012 10:14pm
This 4hr chart to me looks to be turning to the bear side...but is it right to soon?


Attached Image (click to enlarge)
Click to Enlarge Name: aud4hrrtsoon.png Size: 89 KB
  • #2,207
  • Jul 30, 2012 10:20pm Jul 30, 2012 10:20pm
Quoting petehnm
Hey just noticed I got a vouch from Mr Breakout and papa...thanks ..I appreciate it...
Many congratulations!! They don't give those away for no reason! You had to have earned it!
  • #2,208
  • Jul 30, 2012 10:30pm Jul 30, 2012 10:30pm
Quoting palabara
I'm here to make money, I like to socialize with good peeps like you and DB and DonL and Trader74 and petehnm and everyone else..

At the same time, we are our worst enemy's, for the people that are "new" and reading out there.. You are your worst enemy, you can have all the forex knowledge out there.. But, if you can't control yourself it will do you no good!

Taking a hit is part for the course, don't let it discourage you, and don't feel like you've failed. I am stubborn at nature, and it took me a long time to coup that, I have no discipline....
Just got back!!

LOL, I don't know anyone that has traded for any length of time that hasn't done exactly the same things! DD's have really taken 1000s in toll on my account in the past and it's possibly made me overly cautious, but when I made the same decision of "No More DDs" my account quit dropping. Every time I get too aggressive and too stubborn it happens again.

Must be the same human pattern you guys have already discussed! A few big trades in the right direction, then boom....a big bull or bear trap that you think, "If I hold this long enough, it will come back"! For me, much better to cut a loss early and look for another entry. When you are wrong, YOU ARE WRONG! No sense taking the hit when you are.

May we never DD again!!
  • #2,209
  • Jul 30, 2012 10:32pm Jul 30, 2012 10:32pm
Quoting DonL
Many congratulations!! They don't give those away for no reason! You had to have earned it!



Thanks DonL....I tell ya the things I've learned in the last week or so have really got me thinking things out more....but don't get me wrong... remember ...My name is Pete and I have a DD problem...LOL
  • #2,210
  • Jul 30, 2012 10:34pm Jul 30, 2012 10:34pm
Quoting petehnm
This 4hr chart to me looks to be turning to the bear side...but is it right to soon?


Attachment
I don't understand your chart very well so that I cannot have a conclusion based on your chart. But, I do know the daily pattern needs 5 waves to complete. We only got 3 so far and the Aussie is testing UTL now. All 5 waves are supposed to be inside the rising channel. I feel comfortable to be a bear at this juncture. May be I am right too soon this time but a man's gotta do what a man's gotta do. Right?
daddybearforex. com
  • #2,211
  • Jul 30, 2012 10:38pm Jul 30, 2012 10:38pm
Quoting petehnm
Thanks DonL....I tell ya the things I've learned in the last week or so have really got me thinking things out more....but don't get me wrong... remember ...My name is Pete and I have a DD problem...LOL
Hi guys
Have been reading this forum quite often becos i find it very entertaining at the same time interesting with charts and pictures. I have got short @ 1.033 adn 1.037 still opening but anyway what's DD problem?
Thanks
  • #2,212
  • Jul 30, 2012 10:42pm Jul 30, 2012 10:42pm
Quoting DaddyBear
I don't understand your chart very well so that I cannot have a conclusion based on your chart. But. I do know the daily pattern needs 5 waves to complete. We only got 3 so far and the Aussie is testing UTL now. All 5 waves are supposed to be all inside the rising channel. I feel comfortable to be a bear at this juncture. May be I am right too soon this time but a man's gotta do what a man's gotta do. Right?
actually papa I really couldn't tell you to much about the indicators at this point..they're new to me ..right now I'm just using them as if to be looking for tracks to see which way this animal is moving... but your right a man's gotta do what a man's gotta do....

Here's my plan for tonight..I'm in for a short @ 1.0532 ..I was fortunate to make 62 pips on my last trade...so I'll risk 30 or 35 pips for a stop loss which takes me to the 1.0562-65 range if hit will try a short from there...will consider TP starting at 1.0470 and down.....no more DD...LOL
  • #2,213
  • Jul 30, 2012 10:44pm Jul 30, 2012 10:44pm
Quoting palabara
I'm here to make money, I like to socialize with good peeps like you and DB and DonL and Trader74 and petehnm and everyone else..

At the same time, we are our worst enemy's, for the people that are "new" and reading out there.. You are your worst enemy, you can have all the forex knowledge out there.. But, if you can't control yourself it will do you no good!

Taking a hit is part for the course, don't let it discourage you, and don't feel like you've failed. I am stubborn at nature, and it took me a long time to coup that, I have no discipline....
Great words, I hope I can learn to do this.

Thanks guys
  • #2,214
  • Jul 30, 2012 10:50pm Jul 30, 2012 10:50pm
Quoting petehnm
actually papa I really couldn't tell you to much about the indicators at this point..they're new to me ..right now I'm just using them as if to be looking for tracks to see which way this animal is moving... but your right a man's gotta do what a man's gotta do....

Here's my plan for tonight..I'm in for a short @ 1.0532 ..I was fortunate to make 62 pips on my last trade...so I'll risk 30 or 35 pips for a stop loss which takes me to the 1.0562-65 range if hit will try a short from there...will consider TP starting at 1.0470 and down.....no more...
I have been preparing for tonight's action for a few days. I am not greedy but thinking big now. Whenever I look at tiny profit I lose. I am going to open my mind and my eyes to hit something decent this time.
Attached Image (click to enlarge)
Click to Enlarge Name: ONE CENT.JPG Size: 139 KB
daddybearforex. com
  • #2,215
  • Jul 30, 2012 10:54pm Jul 30, 2012 10:54pm
Quoting DaddyBear
I have been preparing for tonight's action for a few days. I am not greedy but thinking big now. Whenever I look at tiny profit I lose. I am going to open my mind and my eyes to hit something decent this time.


as in 150 to 200...????
  • #2,216
  • Jul 30, 2012 11:02pm Jul 30, 2012 11:02pm
Quoting petehnm
[/b]

as in 150 to 200...????
Minimum.
daddybearforex. com
  • #2,217
  • Jul 30, 2012 11:06pm Jul 30, 2012 11:06pm
Quoting DaddyBear
Minimum.

Nice...will have my eyes open as well thanks....well ladies and gentlemen time for some sleep ..still have to go to the j.o.b tomorrow... a prosperous evening to all...good night...
  • #2,218
  • Jul 30, 2012 11:28pm Jul 30, 2012 11:28pm
I have placed shorts at 1.0521. Missed the peak, but after reading wise words from DB and others about entering too early, I decided to wait and see if the bulls were completely exhausted first.

I may still be a touch early, but I don't mind.

Put my SL's just above the ceiling.
  • #2,219
  • Jul 30, 2012 11:42pm Jul 30, 2012 11:42pm
Wow i woke up 5 minutes ago, come to the pc waiting see AUDUSD in 1.0470 or less...and i see that have touch near 1.0550!!!! Damn!!!
Anyway...i continue short, new positions open at 1.0515...if go up, i will open more positions in 1.0540
  • #2,220
  • Jul 30, 2012 11:50pm Jul 30, 2012 11:50pm
Quoting Itrade24h
Wow i woke up 5 minutes ago, come to the pc waiting see AUDUSD in 1.0470 or less...and i see that have touch near 1.0550!!!! Damn!!!
Anyway...i continue short, new positions open at 1.0515...if go up, i will open more positions in 1.0540
0537 was high here..and that could be the top for moment.
spx in triple top on h4
fokyou forexfactory
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